Market Overview

Horsehead and Nucor Expand and Extend Recycling Services Agreement

Horsehead Corporation, a wholly-owned subsidiary of Horsehead Holding Corp. (Nasdaq: ZINC), announced today that it has entered into a 10-year agreement with Nucor Corporation which will expand and extend the existing commercial relationship between the companies. Horsehead presently services three Nucor steel mills located in the Southeastern U.S. under a 12-year agreement which was the basis for the decision to construct Horsehead's Barnwell, SC EAF dust recycling facility. This new agreement, which does not affect the three Nucor mills serviced by Barnwell, extends the existing service contracts with all of the other Nucor steel mills that Horsehead currently services and expands the relationship to include additional Nucor facilities across the United States.

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