ISG Restarts 110-Inch Plate Mill at Burns Harbor
07 April 2005 - 12:12AM
PR Newswire (US)
ISG Restarts 110-Inch Plate Mill at Burns Harbor RICHFIELD, Ohio,
April 6 /PRNewswire-FirstCall/ -- International Steel Group Inc.
(NYSE:ISG) today announced the successful restart of its 110-inch
plate mill, located at the company's Burns Harbor facility in Burns
Harbor, Ind. ISG announced plans to restart the operation in
December 2004 and has since hired and trained 65 new employees to
operate the facility. "We couldn't be more pleased with the
successful restart of this facility," said Thomas J. Cera, vice
president - ISG Plate Operations. "Our decision to return this mill
to operation was driven by increasing demand from our existing
customers and our desire to quickly respond to their needs." The
mill makes steel plate for a wide range of industries, including
rail, construction, shipbuilding, oil and gas exploration and
production, and machinery. The ISG Plate Division also is a major
supplier of armored plate products that are used to protect the
U.S. Armed Forces. "Today marks a great day in the history of Burns
Harbor Plate," added Lawrence Fabina, general manager-ISG Burns
Harbor Plate. "With much anticipation, the restart of this
operation has meant a great deal to both our new and experienced
employees who are happy to service the growing needs of our valued
customers." About International Steel Group Inc. International
Steel Group Inc. is one of the largest steel producers in North
America. It produces a variety of steel products including
hot-rolled, cold-rolled and coated sheets, tin mill products,
carbon and alloy plates, rail products and semi-finished shapes to
serve the automotive, construction, pipe and tube, appliance,
container and machinery markets. For additional information on ISG,
visit http://www.intlsteel.com/ . Forward-Looking Statements
Statements in this release that are not historical facts, including
statements accompanied by words such as "will," "believe,"
"expect," "estimate," or similar terms, are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward- looking statements involve risks and
uncertainties that may cause actual results or events to differ
materially from those expressed or implied in such statements.
These statements contain time-sensitive information that reflects
management's best analysis only as of the date of this release. ISG
does not undertake any ongoing obligation, other than that imposed
by law, to publicly update or revise any forward-looking statements
to reflect future events, information or circumstances that arise
after the date of this release. Factors that may cause actual
results and performance to differ materially from those in the
forward-looking statements include, but are not limited to,
negative overall economic conditions or conditions in the markets
served; competition within the steel industry; changes in U.S. or
foreign trade policy affecting steel imports or exports; changes in
foreign currencies affecting the strength of the U.S. dollar;
actions by domestic and foreign competitors; the inability to
achieve the Company's anticipated growth objectives; changes in
availability or cost of raw materials, energy or other supplies;
labor issues affecting the Company's workforce or the steel
industry generally; and the inability to implement the Company's
operating culture and philosophy at acquired facilities. Further
information concerning issues that could materially affect
financial performance related to forward-looking statements can be
found in ISG's filings with the Securities and Exchange Commission.
Additional Information and Where to Find It Mittal Steel has filed
with the Securities and Exchange Commission a registration
statement on Form F-4 that includes a preliminary proxy statement
of ISG and a preliminary prospectus of Mittal Steel and other
relevant documents in connection with the proposed merger involving
Mittal Steel and ISG. In addition, Mittal Steel will publish and
make available to shareholders of Mittal Steel, and file with
Euronext Amsterdam N.V., a prospectus and shareholders circular.
Investors and security holders are urged to carefully read the
definitive prospectus regarding the proposed merger when it becomes
available because it will contain important information and to
exclusively base their investment decision on this definitive
prospectus once available. Investors and security holders of Mittal
Steel and ISG are urged to read the definitive proxy statement and
prospectuses and other relevant materials when they become
available because they will contain important information about
Mittal Steel and ISG and the proposed merger. Investors and
security holders may obtain a free copy of these materials (when
they are available) and other documents filed with the Securities
and Exchange Commission at the SEC's website at http://www.sec.gov/
. Mittal Steel and ISG and their respective executive officers and
directors may be deemed to be participants in the solicitation of
proxies from the ISG stockholders with respect to the proposed
merger. Information regarding the interests of these officers and
directors in the proposed merger is included in the preliminary
proxy statement/prospectus contained in the above-referenced
registration statement on Form F-4 initially filed with the SEC on
December 14, 2004, as amended. You may obtain documents filed with
the SEC by Mittal Steel free of charge if you request them in
writing from Mittal Steel Company N.V., 15th Floor, Hofplein 20,
3032 AC Rotterdam, The Netherlands, or by telephone at +31 10 217
8800. You may also obtain documents filed with the SEC by ISG free
of charge if you request them in writing from Investor Relations,
International Steel Group Inc., 4020 Kinross Lakes Parkway,
Richfield, Ohio 44286-9000, or by telephone at (330) 659-7430.
DATASOURCE: International Steel Group Inc. CONTACT: Investors,
Blaise E. Derrico, Manager, Investor Relations, +1-330-659-7430, or
Media, Jolice A. Pojeta, Communications Manager - Western Region,
+1-219-787-2146, or +1-219-391-3513, or Charles T. Glazer, Manager,
Communications and Public Relations, +1-330-659-9121, all of
International Steel Group Inc. Web site: http://www.intlsteel.com/
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