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(AMM) Harsco sees global demand leveling off

July 29, 2010 - 20:11 GMT Location: PITTSBURGH

KEYWORDS: Harsco , mill service , steel

A strong performance by Harsco Corp.'s mill service segment was unable to offset poor market conditions for other segments of the company, which sees the global steel demand recovery stagnating.

"While there has been a significant recovery in global steel production, mill capacity utilization rates seem to have leveled off," Salvatore D. Fazzolari, chairman, president and chief executive officer, said.

The company posted net income of $29.7 million,...

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