Egypt – Harsco Corp. has signed a multi-year contract worth more than US$ 35 million with Ezz Steel of Egypt, the largest independent steel producer in the Middle East and North Africa. The collaboration began on July 1 and will see Harsco provide slag and scrap management services in Sadat City.
The new contract complements Harsco’s existing service agreements with Ezz Steel Group plants in Sokhna and Alexandria, the company says. Harsco also hints at plans to design and deliver metal recovery and briquetting plants to Egypt.
The business deal is an ‘excellent opportunity’ for Harsco to build an even stronger presence in this ‘strategically important’ region, according to president and ceo Nick Grasberger. ‘This expanded relationship with Ezz is testament to the trust and confidence that we work to build at every site, every day.’
Hassan Nouh, Ezz Steel Group’s co-managing director, says teaming up with Harsco will allow it to develop ‘innovative solutions’ for its byproducts, including slag and direct reduced iron dust.
Ezz Steel began operations in the 1970s and currently has a combined production capacity at its sites of 5.8 million tons of finished steel per year covering more than 50 grades.
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