Harsco Secures 10-Year Contract with ArcelorMittal Tubarao Totaling $US 150 Million
CAMP HILL, Pa. – (September 13, 2018) – Harsco Corporation (NYSE: HSC) today announced that its Metals & Minerals division has successfully entered into a multi-year contract with ArcelorMittal Tubarao, the flagship plant of ArcelorMittal in Brazil. The 10-year contract –totalling US$150 million – will include meltshop cleaning, slag handling and crushing, metal recovery, and drop ball services.
“We are excited to extend our long association with ArcelorMittal Tubarao for another 10 years,” said Harsco Metals & Minerals Chief Operating Officer Russ Mitchell. “This agreement is key to maintaining our strong strategic presence in Latin America, and it underpins our commitment to our customer by delivering value and adding solutions with the highest quality and safety standards.”
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About ArcelorMittal
ArcelorMittal is the world's leading steel and mining company, with more than 197,000 employees, a presence in 60 countries and an industrial footprint in 18 countries. Guided by a philosophy to produce safe, sustainable steel, it is the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development facilities and outstanding distribution networks.
ArcelorMittal Tubarao is one of the largest integrated steel mills in Brazil, with an annual production capacity of 7.5 million tons. It is a leading producer of flat carbon steel, used extensively in the manufacture of automobiles and household appliances. Located on the Vitória harbor, ArcelorMittal Tubarao is well-connected to iron ore mines through railroads.
About Harsco Corporation
Harsco Corporation is a diversified industrial company providing a range of onsite services and engineered products to the global steel, energy and railway sectors. Harsco’s common stock is a component of the S&P SmallCap 600 Index and the Russell 2000 Index. Additional information can be found at www.harsco.com.
Harsco’s Metals & Minerals division is the largest and most comprehensive provider of onsite material processing and environmental services to the global metals industry, with operations at approximately 140 customer sites across more than 30 countries. The division is a technology partner to cleaner, more efficient metal production, providing customers with economically and environmentally viable solutions for the treatment and reuse of production waste streams. Visit www.harsco-m.com to know more.