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Harsco Enters $247 Million Contract With HBIS Laoting Steel

Date: 2019-08-26
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Harsco Corporation announced today that its Metals & Minerals division has signed a $247 million contract with HBIS Laoting Steel, a subsidiary of the HBIS Group and one of the leading steel producers in China. The 15-year agreement further expands Harsco’s partnership with HBIS; the Company has provided steel mill services to Tangshan Steel Group – another HBIS subsidiary – for more than a decade.

Under the expanded agreement, Harsco will deliver a suite of onsite mill services, including under furnace cleaning; slag transport and metal recovery; scrap and tundish cutting; and desulph and ladle slag processing. The Company also will partner with Chinese design institutes to design and build metal recovery and slag processing plants when the steel mill is put into operation. Upon completion, the Harsco-designed system will be able to process the 1.42m tons of slag that will be generated by HBIS Laoting Steel every year. Additionally, Harsco will apply ‘waste to resources’ technologies to transform slag into products for construction and other purposes.

“We are delighted to build on our long-standing relationship with HBIS Group,” said Harsco Metals & Minerals Chief Operating Officer Russ Mitchell. “This agreement extends our partnership with a very valued customer and, at the same time, further extends our reach in the highly-competitive Chinese steel market.”

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