Harsco Awarded New $55 Million Contract for Steel Mill Services in Italy
Global industrial services and engineered products company Harsco Corporation (NYSE: HSC) announced today a new six-year contract for steel mill services in Italy valued in excess of $55 million over its duration at anticipated production levels.
The award from Alfa Acciai Group, one of Italy's largest Electric Arc Furnace (EAF) steel producers, addresses the areas of onsite scrap and slag yard management at Alfa's steel mill in the northern Italy industrial city of Brescia. Harsco will develop and manage a new scrap yard for the mill and provide services for the processing of the mill's EAF slag. Under investments being led by Alfa Acciai together with Harsco to enhance productivity and environmental sustainability, the new operations will replace older equipment with new slag handling carriers, an advanced weighing system and new GPS detection systems aimed at full control of the slag transport and scrap yard management processes. Operations are expected to be completed and underway by the end of this year.
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