Sponsors

Online Poll

What's your outlook for markets in 2012?
  • Slow and steady improvement. (9 votes)
    26.5%
  • Strong improvement in most commodities. Business conditions look good. (5 votes)
    14.7%
  • Volatility will be the name of the game for recyclable commodities. (7 votes)
    20.6%
  • Markets will remain fairly flat this year. Commodity prices will remain pretty much where they are right now. (4 votes)
    11.8%
  • Markets are heading for a significant downward correction (2 votes)
    5.9%
  • Business conditions aren't bad, but may see some modest price declines. (1 votes)
    2.9%
  • Too much uncertainty in the market. I don't have a clue. (6 votes)
    17.6%


full story

Harsco Expands Business in China - Image Headline News

Harsco Expands Business in China

3/16/2010

Contract with Chinese steel producer valued at slightly less than $6 million.


Harsco Corp. has announced that its Harsco Metals business group has been awarded a new environmental services contract for by-product recycling that will expand the company's relationship with BaoSteel, China's largest steelmaker.

The contract, valued at about $6 million, is Harsco's fourth within the Chinese steelmaking sector and continues Harsco's growing industrial services presence in the Asia-Pacific region. "This latest award reflects our strong focus on developing and implementing knowledge-based services and solutions that improve our customers' performance and further extend Harsco's global growth," says Galdino Claro, CEO of Harsco Metals and Harsco Minerals’ business groups.

Harsco Metals will deploy a new zero waste by-product recycling service at BaoSteel's Ningbo integrated carbon steelmaking facility in Zhejiang Province. Harsco already provides scrap management and coolant scrap production services under the terms of a 12-year contract.

Under its expanded relationship with BaoSteel, Harsco will install and operate a specially constructed facility to recycle by-products from the mill's steelmaking for re-use in the production of new steel. Harsco's recycling services are scheduled to begin in July.

"We are delighted to engage with BaoSteel, one of the most technologically-advanced steel producers in the world, in providing solutions that directly support the aims of modern, environmentally responsive steelmaking," says Dan Attorre, Harsco Metals regional president for Asia-Pacific.

Harsco Metals also announced that it has begun a research and development relationship with the University of Science and Technology in Beijing. Harsco Metals and the university will conduct research into the physical, metallurgical and mineralogical properties of steelmaking by-products to develop market uses and enhanced economic viability for these materials. Eight steel producing companies in China have been chosen to participate in the initial study.