The mill services firm Harsco Corp., headquartered in Camp Hill, Pa., has signed three multi-year contract awards for on-site steel mill services from new customers in Bahrain, Sweden and Chile. The contracts total more than $135 million in projected revenues over the length of the contracts.
Galdino Claro, Harsco Metals & Minerals Group CEO, says, “All three of these awards demonstrate the increasing geographic spread of our business and our strong environmental leadership in providing resource recovery solutions for the byproducts of metals production.”
The contracts include the new United Steel Company (SULB) steelworks in Bahrain, the first steel mill to be built in the country. The mill will be the Gulf Region's first fully integrated producer of medium and heavy beams and structural steel sections.
Harsco's five-year contract, scheduled to start by the second half of 2012, will service SULB’s anticipated production levels of close to 1 million tons per year, with objectives for further capacity expansion in the coming years. The SULB works becomes the second Harsco Metals & Minerals group operating site in Bahrain, joining Harsco's AluServ aluminum dross processing facility at Askar, which will provide slag processing support for the SULB contract.
The award in Sweden comes from SSAB. The contract calls on Harsco to provide scrap management services at SSAB's plant in Oxelösund, Sweden over a 10-year period. According to Harsco, services will enable SSAB’s mill to improve its use of internally generated scrap for improved efficiency and lower costs while enhancing the sorting and segregation of highly alloyed scrap materials for various production recipes. Harsco's work will include a high-productivity ferrocut operation for reducing oversized scrap material into production-ready sizes.
In the third contract, Harsco will start services at the Gerdau AZA’s steelworks operations in Chile. Harsco's work will include slag processing, metal recovery and the sale of slag aggregates. Harsco's services are scheduled to start up in the third quarter of 2012 and, following completion of a slag processing site, the company says it expects to be fully operational with all service activities by the first quarter of 2013. The contract will run for six years and adds to Harsco's relationship with the Brazil-based Gerdau Group.
More information is available at www.harsco.com.