This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Harsco Extends 30-Year Relationship With Tata Steel In The UK Under Multi-Year Agreement

CAMP HILL, Pa., Oct. 9, 2012 (GLOBE NEWSWIRE) -- Diversified global industrial company Harsco Corporation (NYSE:HSC) jointly announced today with Tata Steel that Harsco's Metals & Minerals group and Tata Steel UK have agreed to extend their long-term relationship at the Scunthorpe and Port Talbot steelworks in a UK-wide, multi-year contract.

Announcing the agreement, Galdino Claro, Executive VP and Group CEO of Harsco Metals & Minerals, said, "We are delighted that Tata have agreed to extend a 30 year old relationship with us at Scunthorpe and Port Talbot in what is the first UK-wide deal ever signed by both companies combining the Tata Steel Strip and Longs businesses. Tata are making huge investments in the UK despite the current economic climate, and Harsco is delighted to be able to support them through our onsite expertise and leading-edge technologies."

Harsco will continue providing an array of services on both sites including metal recovery, scrap management, briquetting, slab handling, coke crushing and machine scarfing. The new agreement will also give both companies a solid base to work from in introducing and applying new technology-based solutions which will be critical to tackling the environmental challenges faced by the steel industry.

Ken Milne, UK Procurement Director, Tata Steel: "The outcome of this two-year process is a benchmark contract which illustrates the strong relationship between Tata Steel and Harsco. The contract is underpinned by strong values and is structured to support both companies with their business needs through all aspects of the steel and economic cycle. We look forward to working with Harsco in the coming years to deliver sustainable value and competitive advantage to Tata Steel."

About Tata Steel in Europe

The European operations of Tata Steel comprise Europe's second largest steel producer. With the main steelmaking operations in the UK and Netherlands, they supply steel and related services to the construction, automotive, packaging, lifting & excavating, energy & power, aerospace and other demanding markets worldwide. The combined Tata Steel group is one of the world's largest steel producers, with an aggregate crude steel capacity of more than 28 million tonnes and approximately 80,000 employees across four continents.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs