Ispat Inland
Latest News
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 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.
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.
Ispat Inland Receives Requisite Consents
15 March 2005 - Ispat Inland Inc. affiliate Ispat Inland ULC has received the requisite consents from holders of its Senior Secured Floating Rate Notes due 2010 and its 9.75% Senior Secured Notes due 2014 to the amendments to the indenture under which the securities were issued.
Ispat Inland Further Increases Consent Offer
10 March 2005 - Ispat Inland Inc. affiliate Ispat Inland ULC has increased the consent payment it will make to the holders of its Senior Secured Floating Rate Notes due 2010 and 9.75% Senior Secured Notes due 2014 that validly deliver (and not revoke) consents to $5.00 for each $1,000 principal amount of Notes held by such holders.
Ispat Inland Accelerates Maintenance Outages
08 March 2005 - Ispat Inland Inc. is moving up the maintenance outage for No. 6 Blast Furnace at its Indiana Harbor Works in East Chicago. The blast furnace, which typically produces iron at the rate of 2,500 tons a day, has been blown down and cooled so it can be gunned with additional refractory material to extend the life of its refractory lining.
Ispat Inland Increases Consent Offer
04 March 2005 - Ispat Inland ULC has increased the consent payment it will make to holders of its Senior Secured Floating Rate Notes due 2010 and 9.75% Senior Secured Notes due 2014 that validly deliver (and not revoke) consents to $2.50 for each $1,000 principal amount of Notes held by such holders.
Ispat Inland Reports Record Earnings in 2004
24 February 2005 - Ispat Inland Inc. reported net income of $41.7 million on sales revenue of $811.0 million for the fourth quarter, and record net income of $258.7 million on sales revenue of $3,157.6 million for the year 2004.
Ispat Inland Seeks Consents from Note Holders
22 February 2005 - Ispat Inland ULC is soliciting consents from holders of its outstanding Senior Secured Floating Rate Notes due 2010 and 9.75% Senior Secured Notes due 2014 for amendments to the indenture governing the Notes.
Ispat Iscor Commences Coke Expansion Project
01 January 2005 - Ispat Iscor Ltd. has obtained approval from South African environmental authorities to commence construction of a new coke oven battery at its Newcastle steel plant in northern Kwa-Zulu Natal. This will enable the company to expand its market coke production by some 450,000 tonnes per year.
Ispat Shareholders Approve Formation of Mittal Steel Company
16 December 2004 - Ispat International NV shareholders have approved the company’s acquisition of LNM Holdings NV to form Mittal Steel Co. NV. Approval was granted during an Extraordinary General Meeting of Shareholders held Wednesday in Rotterdam. The transaction is expected to close on December 17, 2004.
Ispat Inland Announces Partial Redemption of Notes
01 December 2004 - Ispat Inland ULC has issued a notice of redemption for $227,500,000 principal amount of its outstanding 9-3/4% Senior Secured Notes due 2014, at a redemption price equal to 109-3/4% of the outstanding principal amount being redeemed, plus accrued and unpaid interest on such amount to, but excluding, December 30, 2004. Notes will be redeemed on December 30, 2004.
Steel Making a Comeback in Automotive Steel Wheels
13 November 2004 - Steel wheels, once facing a rapid decline in use, are making a strong comeback as automakers realize they can save up to $100 per vehicle without sacrificing quality or performance. DaimlerChrysler Corp., Ford Motor Co. and General Motors Corp., plus many European and Asian carmakers, are changing back to steel wheels for base wheels as well as for upgrade packages.
Ispat Inland Reports 3rd Quarter Results
12 November 2004 - Ispat Inland Inc. reported record net income of $119.9 million on net sales of $909.1 million for the third quarter of 2004.
Ryerson Tull Reports 3rd Quarter Results
22 October 2004 - Ryerson Tull, Inc. reported a net profit of $17.4 million on net sales of $898.7 million for the third quarter of 2004.
Auto/Steel Partnership Announces Executive Director
20 October 2004 - The Auto/Steel Partnership (A/SP) Joint Policy Board announced the appointment of Dr. Roger A. Heimbuch as executive director of the Partnership.
Ispat Iscor Commences Routine Blast Furnace Repairs
01 October 2004 - Ispat Iscor recently commenced routine repairs to one of the blast furnaces at its Vanderbijlpark steel mill, which was to idle the vessel for approximately seven days. The company said the repair work was required because blast furnace C had developed a localized hot spot, as a result of damage to a small section of the vessel’s refractory lining.
Ispat Inland ULC Extends Exchange Offer
15 September 2004 - Ispat Inland Inc. and Ispat Inland ULC announced that Ispat Inland ULC has extended until 5:00 p.m. New York City time on September 15, 2004, unless further extended, the offer to exchange any and all of its unregistered $150,000,000 Senior Secured Floating Rate Notes due 2010 and $650,000,000 9 3/4% Senior Secured Notes due 2014 for its registered $150,000,000 Senior Secured Floating Rate Notes due 2010 and $650,000,000 9 3/4% Senior Secured Notes due 2014.
