# Harsco signs $247M contract with HBIS Laoting Steel

Harsco Corp.'s metals and minerals division signed a $247 million, 15-year contract with HBIS Laoting Steel, a subsidiary of HBIS Group, to provide onsite mill services and waste-to-resources technologies at a new steel mill in China.

- Type: Contract
- Announced: 2019-01-22
- Where: Laoting, China, China
- Value: $247.0M
- Status: announced
- Capacity: 1.42 million tons of slag per year
- Products: steel-mill services, slag processing, metal recovery
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Harsco](https://endata.com/companies/3292.md)
- [Harsco](https://endata.com/companies/3292.md) (supplier)
- [HBIS Group](https://endata.com/companies/33829.md) (partner)
- [HBIS Laoting Steel](https://endata.com/companies/36847.md) (customer)

## Sources

- [pennbizreport.com](https://pennbizreport.com/news/11935-harsco-signs-247m-contract-with-chinese-steel-company/), 2019-01-24: "We are delighted to build on our long-standing relationship with HBIS Group."
- [stainless-steel-world.net](https://stainless-steel-world.net/harsco-enters-usd-247m-contract-with-hbis/), 2019-02-04: "This agreement extends our partnership with a very valued customer and, at the same time, further extends our reach in the highly-competitive Chinese steel market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.