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ISG
Latest News
Mittal Steel USA Selects Corporate Headquarters Location
10 October 2005 - Mittal Steel has chosen Chicago's Loop for its U.S. headquarters.
Mittal Steel USA to Restart Indiana Harbor Blast Furnace
03 October 2005 - Mittal Steel has elected to restart a blast furnace in its East Chicago, Ind., facility at about the time another is going down in Cleveland. The moves are part of the company's ongoing effort to balance its supply of steel with the demand for its products in the marketplace and maintenance needs for various ironmaking and steelmaking equipment.
Ispat Inland Announces Redemption of Series R Bonds
07 September 2005 - Ispat Inland Inc. announced that it has called for redemption the $27,851,000 principal amount of its outstanding First Mortgage 7.9% Bonds, Series R, due January 15, 2007.
Mittal Steel USA Bringing One Furnace Back, Idling Another
15 August 2005 - Mittal Steel USA is returning one blast furnace to service, then will idle another for maintenance, in order to maintain stable production in its eastern region over the next several months.
Mittal Steel ISG USA Repurchases Bonds
25 July 2005 - Mittal Steel ISG USA Inc. announced the repurchase of $100 million aggregate principal amount of its 6.50% Notes due April 15, 2014, pursuant to a single negotiated purchase transaction.
Mittal Steel Conveys Lake Vessels
16 June 2005 - Mittal Steel Co. has disposed of its bareboat charter interests in two lake vessels that provide raw materials to its steel works in Burns Harbor, Ind. The vessels were chartered by International Steel Group, which Mittal Steel Co. acquired on April 15.
Mittal Steel USA Shapes New Identity for Merged Facilities
24 May 2005 - Newly formed Mittal Steel USA has settled on names for its locations across the United States.
Mittal Steel USA Idles Cleveland and Indiana Harbor Blast Furnaces
06 May 2005 - Prompted by continued inventory adjustments in the markets it serves, Mittal Steel USA will slow down iron production in a continued effort to adjust output.
Mittal Steel and ISG Announce Completion of Merger
18 April 2005 - Mittal Steel Co. NV and International Steel Group Inc. (ISG) announce that their merger has now been completed.
Mott Steps Aside as New Team Takes Helm at Mittal Steel USA
15 April 2005 - Mittal Steel Co. NV announced the management organization for Mittal Steel USA, upon completion of its proposed merger with International Steel Group.
Mittal and ISG Shareholders Approve Mega-Merger
13 April 2005 - Mittal Steel Co. NV announced on Tuesday that its merger with International Steel Group was approved by shareholders at the extraordinary general meeting held in Rotterdam.
Mittal Steel and ISG Clarify Election Deadline
11 April 2005 - Mittal Steel Co. NV and International Steel Group Inc. have clarified the deadline for ISG stockholders to submit forms of election regarding the stock and cash consideration they elect to receive for their shares of ISG common stock. The election relates to the proposed merger of ISG with a wholly owned subsidiary of Mittal Steel.
ISG Restarts Burns Harbor Plate Mill
07 April 2005 - International Steel Group Inc. has successfully restarted the 110-inch plate mill at its Burns Harbor, Ind., facility.
Mittal Steel and ISG Proceed Toward Proposed Merger
14 March 2005 - Mittal Steel Co. NV and International Steel Group Inc. announced that the registration statement on Form F-4 filed by Mittal Steel with the Securities and Exchange Commission in connection with the proposed merger involving ISG and Mittal Steel has been declared effective as of March 11, 2005.
Cleveland-Cliffs Reports Record Results for 2004
17 February 2005 - Cleveland-Cliffs Inc. reported record fourth-quarter net income of $203.3 million and record net income of $323.6 million for the year 2004. All common shares and per-share amounts have been adjusted retroactively to reflect the December 2004 two-for-one stock split, and all diluted per-share amounts reflect the potential dilutive effect of the Company's convertible preferred stock.
ISG Reports Record Results for 2004
11 February 2005 - International Steel Group Inc. (ISG) reported net income of $606.0 million on net sales of $2,553.5 million for the fourth quarter and net income of $1,027.4 million on net sales of $9,015.9 million for the year ended December 31, 2004.
ISG Burns Harbor Employees Support United Way
09 February 2005 - International Steel Group (ISG) Burns Harbor LLC employees recently capped off their United Way employee campaign by presenting a check in the amount of $617,936 to representatives from United Way of Porter County. The amount raised during the two-week campaign was a 12.1% increase over the total collected during the 2003-2004 drive.
Mittal Steel Confirms Pro-Forma Guidance
19 January 2005 - Mittal Steel Co. NV confirmed its guidance for 2004, with pro-forma numbers (including ISG) expected to be close to the guidance given on October 25, 2004, namely:
MEPS International Steel Market Roundup
13 January 2005 - According to MEPS (International) Ltd., U.S. market activity for Flat Products is flat. The mills, faced with weak fourth quarter order books, started seasonal maintenance shutdowns in November that have continued through this month. With high customer inventories, mill transaction prices continue to slip. MEPS has received unconfirmed reports that surcharges are not being universally applied, especially to large volume purchasers. Steel market conditions are expected to improve in the first quarter, and AK Steel Corp. has already announced a $US50 per ton hike. Canadian market activity continues to be subdued, with inventory levels apparently more tailored to present-day demand than those in the US. However, MEPS has monitored further drops in transaction values over the last four weeks.
ISG Program Restores Partial Benefits to Bankruptcy-Stranded Union Retirees
10 January 2005 - Retirees who lost health care benefits in four steel company bankruptcies will have a measure of that coverage restored March 1, thanks to an innovative trust fund bargained by the United Steelworkers of America (USWA) and International Steel Group, Inc.
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