Harsco expands mill services contract with Chilean steel company

Deal with CAP Huachipato is being valued at around $40 million over the duration of the contract.

Harsco Corp.’s (www.harsco.com) Metals & Minerals division has announced a multi-year extension – and expansion – of its onsite mill services with CAP Huachipato, Chile’s largest steelmaker.

Harsco, a mill services company headquartered in Camp Hill, Pennsylvania, has provided onsite services to the Chilean steel company since 1981.

The seven-year agreement, valued at around $40 million, calls for the continuation of Harsco’s core mill services for metal recovery and melt shop support at the steel mill. The agreement also adds a number of new services including scrap management.

“The expansion of this agreement – both in length and in scope – marks a significant step forward in our decades-long relationship with CAP Huachipato,” says Harsco President and CEO Nick Grasberger. “Even in the face of challenging market conditions, we are able to provide our customers with an unmatched portfolio of services and experience that directly meets their needs and expectations.”