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Stock Market & Financial Investment News

News Breaks
April 11, 2014
13:26 EDTHSCHarsco execution risk has increased, says Argus
Argus believes that Harsco's execution risk has increased following the departure of its CEO. The firm cut its EPS estimates for the company and lowered its price target on the shares to $28 from $30. However, the firm is upbeat on the company's competitive positioning and keeps a Buy rating on the shares.
News For HSC From The Last 14 Days
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February 4, 2016
16:38 EDTHSCHarsco signs expanded 15-year mill services contract valued at $125M
Harsco announced a new 15-year contract for onsite mill services at the Tangshan plate mill facility of China's largest steelmaker, Hebei Iron & Steel, or HBIS, Group. The plate mill is one of two subsidiaries of Hebei's Tangshan Iron and Steel Group, known as TangSteel, served by Harsco. Since 2011, Harsco has supported the plate mill with a range of slag handling and metal recovery services through a Harsco-led joint venture relationship, and this latest award, valued at approximately $125M over the contract duration, builds on the previous effort. Harsco will significantly expand its role to encompass a new metal recovery plant, BOF briquetting operation and a new, innovative steam-box slag cooling process, as the plate mill consolidates and expands its production capacity to 4M tpa. The mill produces premium-grade plates and sections used in various structural applications and shipbuilding.

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