Camp Hill-based Harsco Corp.’s metals and minerals division signed a $247 million, 15-year contract Tuesday with China’s HBIS Laoting Steel, a subsidiary of HBIS Group, one of China’s top steel producers.
Harsco has provided steel-mill services for more than 10 years to HBIS subsidiary Tangshan Steel Group. The contact extends that business relationship.
Harsco will provide HBIS with onsite mill services including desulph and ladle slag processing, scrap and tundish cutting, slag transport and metal recovery, and under furnace cleaning.
Harsco will also use waste-to-resources technologies to transform slag into products for construction. Once the steel mill is in operation, it will partner with Chinese design institutes to design and build metal recovery and slag processing plants.
Following the contract’s completion, the Harsco-designed system will process the 1.42 metric tons of slag that HBIS Laoting Steel generates annually.
“We are delighted to build on our long-standing relationship with HBIS Group,” Russ Mitchell, Harsco metals and minerals COO, said. “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.”
Harsco provides global onsite services and engineered products to the steel, energy and railway sectors.