Harsco Corporation (HSC) announced today that its Metals & Minerals division has signed a new, multiyear contract with Ezz Steel, the largest independent steel producer in the Middle East and North Africa.  The contract – valued at more than $35 million – calls for the provision of mill services at Ezz Steel’s Sadat City plant.  Under the terms of the agreement, Harsco will provide slag and scrap management services at Sadat City, with future plans to design and deliver Metal Recovery and Briquetting Plants.  Service at the Sadat City plant began on July 1.

This new contract builds on Harsco’s existing service agreements with Ezz Steel Group plants in Sokhna and Alexandria, Egypt.  In operation since the 1980s, Ezz Steel is an established leader in the expanding Egyptian steel market, with a combined production capacity at its sites of nearly 6 million tons of finished steel per year.

Harsco’s expanded agreement with Ezz Steel further broadens Metals & Minerals’ business landscape in the Africa and Mideast steel markets.  “This new contract is an excellent opportunity for Harsco to build an even stronger presence in this strategically important region,” said Harsco President and CEO Nick Grasberger.  “I am proud of the services Metals & Minerals delivers to all of our customers.  This expanded relationship with Ezz is testament to the trust and confidence that we work to build at every site, every day.”

Ezz Steel Group Co-Managing Director Hassan Nouh pointed to Harsco’s reputation for responsible environmental stewardship as a contributing factor in expanding the relationship.  “We are continuously working toward optimizing our operations with an emphasis on environmental management,” he said.  “This new contract will help us develop – partnering with Harsco – innovative solutions for our byproducts, including slag and DRI dust.  Together, we can focus on bringing down cost while, at the same time, providing environmentally-friendly services and products.”

 

Source : yahoo.com

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