Displaying items by tag: Harsco

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.

US: Harsco Corporation has reported that revenue from its Metals & Minerals division dropped by 19% year-on-year to US$1.11bn in 2015 from US$1.78bn in 2014. Overall company sales revenue across all businesses fell by 17% to US$1.72bn from US$2.07bn. The fall in sales was attributed to a decline primarily in the Metals & Minerals and Industrial divisions due to falling steels and related commodities demand, site exits and currency effects.

The company expects that the market will further deteriorate for its Metals & Minerals division in 2016 due to lower steel production, site exits and weaker commodities demand. To fight this trend the company is continuing to implement ‘Project Orion,’ it’s Metals & Minerals improvement plan.

China: Harsco has signed a US$125m contract for onsite mill services at the Tangshan plate mill facility of China's largest steelmaker, Hebei Iron & Steel (HBIS) Group. The plate mill is one of two subsidiaries of Hebei's Tangshan Iron and Steel Group, known as TangSteel, served by Harsco.

Since 2011, Harsco has supported the plate mill with a range of slag handling and metal recovery services through a Harsco-led joint venture relationship. This latest contract builds on this. Harsco will significantly expand its role to encompass a new metal recovery plant, BOF briquetting operation and a new, innovative steam-box slag cooling process, as the plate mill consolidates and expands its production capacity to 4Mt/yr. The mill produces premium-grade plates and sections used in various structural applications and shipbuilding.

"We are particularly proud to add to our strong relationship with HBIS and its flagship TangSteel operations. Over the past decade, we have worked side-by-side as a technology and service partner to deliver efficiency improvements and enhanced environmental performance to these major operations. Our aims and those of HBIS and TangSteel are firmly aligned on these objectives," said Harsco President and CEO Nick Grasberger.

India: Harsco Corporation has announced that it has begun a multi-year contract to provide onsite material processing services to India's largest stainless steel producer, Jindal Stainless Limited (JSL).

The project at JSL's all-new production facility in the growing steel-producing area of Jajpur, Odisha marks Harsco's fifth major steel mill services site in India and its first serving India's stainless sector. Harsco's services include specialised process technologies for recovering metal from stainless steel slag co-products.

"From 1Mt/yr of stainless steel production, we used to lose 5000 – 6000/t of metal embedded in slag," said JSL Unit Head, SK Agrawal. "With this new set-up, Harsco will handle all slag, treat it to recover metal and generate a metal-free slag." The metal content recovered by Harsco is available for reuse in the production of new steel, while Harsco continues to develop a number of commercial products from the residual slag material.