Mittal Steel Completes Merger of U.S. Operations
01/04/2006 -
Jan. 4, 2006 — Mittal Steel Company NV has completed its merger of U.S. operating subsidiaries Mittal Steel USA ISG Inc. (ISG) and Ispat Inland Inc. (Inland).
Inland was merged with and into ISG effective Dec. 31, 2005, with ISG being the surviving corporation of the merger. With consummation of the merger, ISG was renamed Mittal Steel USA Inc.
Mittal Steel says the merger is an important step in the group’s ongoing U.S. integration plan, following Mittal Steel's acquisition of ISG on April 15, 2005.
With operations in 12 states, Mittal Steel USA is the largest flat-rolled steelmaker in the United States and serves a broad U.S. manufacturing base.
Mittal Steel Co. NV is the world's largest and most global steel company, with operations in 16 countries, on four continents. Mittal Steel encompasses all aspects of modern steelmaking, to produce a comprehensive portfolio of both flat and long steel products to meet a wide range of customer needs. It serves all the major steel-consuming sectors, including automotive, appliance, machinery and construction. For 2004, Mittal Steel had revenues of US $22.2 billion and steel shipments of 42.1 million tonnes.