Displaying items by tag: Harsco

Brazil: Harsco’s Metals & Minerals division has won a 10-year contract worth US$150m with ArcelorMittal Tubarao, a subsidiary of ArcelorMittal. The deal includes services such as meltshop cleaning, slag handling and crushing, metal recovery and drop ball services.

“We are excited to extend our long association with ArcelorMittal Tubarao for another 10 years,” said Harsco Metals & Minerals chief operating officer Russ Mitchell. “This agreement is key to maintaining our strong strategic presence in Latin America, and it underpins our commitment to our customer by delivering value and adding solutions with the highest quality and safety standards.”

ArcelorMittal Tubarao is one of the largest integrated steel mills in Brazil, with a production capacity of 7.5Mt/yr. It is a leading producer of flat carbon steel, used extensively in the manufacture of automobiles and household appliances. Located on the Vitória harbour, ArcelorMittal Tubarao is well connected to iron ore mines through railroads.

Slovenia: SIJ Acroni, part of SIJ Group, has acquired the operations and equipment for processing slag from Harsco Minerali for an undisclosed sum. Previously the company used Harsco Minerali for the service, according to the Slovenian Press Agency. SIJ Acroni has taken over both Harsco's activity and equipment, and invited all Harsco employees to join the company.

Harsco Minerali processed 0.2Mt of slag for SIJ in 2017. The company mainly processed old slag deposits but new slag is created on an on-going basis during steel production. The processing products are used as inputs for asphalt and other engineering materials including insulation, and some products can be recycled for steel production. Harsco Minerali reported sales of Euro12m in 2016 and a net loss of Euro0.22m.

"By taking over the equipment and operations of Harsco Minerali we shall process what was once waste material into a by-product that we shall use in the subsequent production process or sell as an input material for construction, road construction, and environment remediation," said SIJ Acroni managing director Branko Žerdoner.

Bahrain: Harsco’s Metals & Minerals division has renewed a multi-year services contract with Sulb Company, a manufacturer of multi-sized angles and beams in the Gulf Cooperation Council (GCC) region. Harsco will provide slag management, raw material and finished product handling, and other services to Sulb’s fully integrated Al-Hidd plant. Harsco has provided onsite steel plant services to Sulb in Bahrain since 2012 for its direct reduced iron (DRI) plant, melt shop and rolling mills.

“This renewal signals our ability to serve our existing customers, and further distinguishes us from our competition as we continue this growth phase. Harsco maintains a market-leading position in the Middle East and Africa region, and this renewal reflects our customers’ confidence and trust in our long-standing commitments to quality, safety and employee care,” said Harsco Metals & Minerals Chief Operating Officer (CEO) Chris Whistler.

Sulb is a joint venture between Foulath and Japan-based Yamato Kogyo. Sulb has two industrial sites, one in Saudi Arabia and one in Bahrain. Sulb’s Bahrain-based facility, which is situated in Al-Hidd Industrial Area, consists of a DRI plant, a melt shop and a Heavy & Medium Section rolling mill.

Turkey: Harsco and Tosyali Holding, a flat steel and steel pipe producer, have started a joint venture relationship for metal recovery services and slag sales at the Toscelik Osmaniye flat steel plant, a unit owned by Tosyali. The agreement with Tosyali marks Harsco’s first entry into Turkey’s steelmaking sector.

“Since slag disposal is one of the main challenges of the Turkish steel industry, we aim to recycle and recover these slag wastes,” said Tosyali’s board chairman Fuat Tosyali. He added the two companies intend to increase the number of slag disposal units in the country to handle 1.2Mt/yr of slag.

India: Harsco has announced a new Metals & Minerals division contract to provide metal recovery and slag sales services at Tata Steel's Kalinganagar steel mill in a multi-year contract valued at over US$25m. The company will be responsible for developing the commercialisation of slag in the region.

Egypt: Harsco’s Metals & Minerals division has signed a 10-year mill services contract worth US$60m with Egyptian Steel. The contract includes the provision of mill services at Egyptian Steel’s new Ain Sokhna plant project. Harsco will provide slag management, scrap management and material handling services, with future plans to design and operate onsite metal recovery and briquetting plants. Harsco’s services at the Ain Sokhna plant are scheduled to begin in January 2018.

“Our Metals & Minerals business is growing again and capturing new sites. This valued relationship with Egyptian Steel is built on the trust and confidence that we’ve developed through our exceptional teams,” said Harsco president and chief executive officer Nick Grasberger.

US: Harsco’s sales revenue has fallen by 16% year-on-year to US$1.45bn in 2016 from US$1.72bn in 2015. Its adjusted operational income, excluding unusual items, fell by 14% to US$116m from US$135m. The steel services company blamed the falling sales on lower revenues from its Metals & Minerals and Industrial divisions despite a pick up in income in its fourth quarter.

“2016 proved to be a turning point for Harsco. We exceeded the key financial targets established at the beginning of the year, despite persistent end-market weakness,” said president and chief executive officer Nick Grasberger.

China/Brazil: Harsco Corporation has signed two multi-year contracts for steel mill services in China and Brazil at a value of over US$100m.

Harsco’s Metals & Minerals division has been selected by Hebei Iron and Steel Group to take over an increased range of onsite mill services at its Tangshan Stainless Steel works, where Harsco already provides environmental services relating to the commercial sale of the mill’s slag co-products. With the new contract, Harsco now adds onsite slag handling, metal recovery and briquetting to its responsibilities. Tangshan Stainless produces premium-grade steels for automotive and consumer markets. The deal will include the use of Harsco’s steam box technology for steel slag processing.

In Brazil, Harsco has been selected by one of the country’s largest fully integrated steelmakers to extend Harsco’s services for onsite scrap handling, slag transport, metal recovery and melt shop support. Harsco has been providing support to the mill’s flat steel operations for more than three decades, and to its mini-mill since its inception in 2014.

“These contracts reflect our renewed ambitions to grow the Metals & Minerals business following two years of successful transformation. Our relationships in both contracts demonstrate our capacity to provide long-term value to customer operations in parallel with lasting benefit to the environment,” said Harsco president and chief executive officer Nicholas Grasberger.

Egypt: Harsco Corporation’s Metals & Minerals division has signed a new, multiyear contract with Ezz Steel, a steel producer in the Middle East and North Africa. The US$35m contract calls for the provision of mill services at Ezz Steel’s Sadat City plant. Under the terms of the agreement, Harsco will provide slag and scrap management services at Sadat City, with future plans to design and deliver metal recovery and briquetting plants. Service at the Sadat City plant began on 1 July 2016.

This new contract builds on Harsco’s existing service agreements with Ezz Steel Group plants in Sokhna and Alexandria, Egypt. In operation since the 1980s, Ezz Steel has a combined production capacity of nearly 6Mt/yr of finished steel.

“This new contract is an excellent opportunity for Harsco to build an even stronger presence in this strategically important region,” said Harsco President and CEO Nick Grasberger. Harsco’s expanded agreement with Ezz Steel further broadens Metals & Minerals’ business landscape in the African and Middle Eastern steel markets.

Belgium: Harsco has extended its contract for steel mill services for Aperam at Châtelet for five years. The contract with the specialty steel producer, with manufacturing operations in Europe and Brazil, is valued at over US$100m for the current balance and the extension.

Harsco will continue to provide a broad array of core services in support of the mill’s electric arc furnace stainless steel production, ranging from onsite scrap yard management and slag transport to the handling and grinding of production slabs from the mill’s continuous caster. The extension continues Harsco’s decade-long service at the Châtelet mill.