Seatrium Reaches $475 Million Settlement With Maersk Over Offshore Wind Vessel Project 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies 
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift 
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage 
John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
AstraZeneca’s LATIFY Phase III Trial of Ceralasertib Misses Primary Endpoint in Lung Cancer Study 
Uber and Baidu Partner to Test Robotaxis in the UK, Marking a New Milestone for Autonomous Ride-Hailing 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
CAMP HILL, Pa., Jan. 23, 2017 -- Harsco Corporation (NYSE:HSC) announced today two multi-year contracts for steel mill services in China and Brazil totaling more than $100 million over their duration.
Harsco’s Metals & Minerals division has been selected by China’s second largest steelmaker, 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 the auto and consumer markets.
Included within Harsco’s services to the Tangshan works will be its patented steam box technology for steel slag processing. Harsco’s technology provides for faster cooling times, reduced water and energy consumption and more efficient slag sizing than conventional methods. Its environmental benefits include the full capture of open atmospheric emissions, together with the opportunity to utilize the clean steam and heat generated from the steam box.
In Brazil, Harsco has been selected by one of the country’s largest fully integrated steelmakers to extend Harsco’s long-standing services for onsite scrap handling, slag transport, metal recovery, and melt shop support. Harsco has been providing continuous support to the mill’s flat steel operations for more than three decades, and to its mini-mill since its inception in 2014.
Announcing the awards, Harsco President and CEO Nicholas Grasberger said, “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.”
About Harsco
Harsco’s Metals & Minerals division is the largest and most comprehensive provider of onsite material processing and environmental services to the worldwide metals industry. The division serves as a technology partner to cleaner, more efficient metal production, providing customers with effective solutions for converting production waste streams into beneficial commercial use. Its operations span approximately 140 customer sites across more than 30 countries.
Harsco Corporation is a diversified industrial company providing a range of onsite services and engineered products to the global steel, energy and railway sectors. Harsco’s common stock is a component of the S&P SmallCap 600 Index and the Russell 2000 Index. Additional information can be found at www.harsco.com.
Investor Contact David Martin 717.612.5628 [email protected] Media Contact Kenneth Julian 717.730.3683 [email protected]
