International Steel Group Inc. has reached an agreement with the Commonwealth of Pennsylvania and its Department of Environmental Protection (DEP) to create a $19.9 million trust fund, which will be funded over the next several years to finance continual treatment of polluted mine pool discharges in Cambria, Somerset and Butler counties in Pennsylvania.

ISG President and CEO Rodney Mott said, "We are very pleased to complete this agreement with Pennsylvania. This agreement protects the environment and provides a cost-effective plan for ISG as the new owner of these sites. This is important in helping to define the role of our substantial Pennsylvania coal reserves in the context of ISG's overall, long-term raw material strategy."

ISG has already funded about $2.6 million of the $19.9 million total in an escrow account, and expects to fund the balance over the next several years. ISG has recognized these amounts in its recorded environmental liabilities.

International Steel Group Inc. is the largest integrated steel producer in North America, based on its capacity to cast approximately 21 million tons of steel products annually. It ships a variety of steel products from 12 major steel producing and finishing facilities in seven states, including hot-rolled, cold-rolled and coated sheets, tin mill products, carbon and alloy plates, rail products and semi-finished shapes serving the automotive, construction, pipe and tube, appliance, container and machinery markets.