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Cleveland-Cliffs Reports 2005 Year-End Results
Feb. 16, 2006 - Feb. 16, 2006 — Cleveland-Cliffs Inc. reported net income of $66.1 million on revenues of $468.9 million for the fourth quarter and net income of $277.6 million on revenues of $1
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Mittal Steel Announces Offer for Arcelor
Jan. 27, 2006 - Jan. 27, 2006 — Mittal Steel NV has launched an offer to the shareholders of Arcelor SA to acquire Arcelor’s outstanding common shares at a rate of €28.21 — a 27
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AK Steel Reports Fourth Quarter Results
Jan. 25, 2006 - Jan. 25, 2006 — AK Steel reported a net loss of $41.5 million on net sales of $1,377.0 million for the fourth quarter of 2005, and a net loss $2.3 million on record net sales of
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Mittal Welcomes New Pact with Steelworkers
Nov. 3, 2005 - Mittal Steel USA welcomed the ratification of new collective-bargaining agreements by members of the United Steelworkers at former Ispat Inland Inc. locations in Indiana and Minnesota.
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Mittal Steel USA to Restart Indiana Harbor Blast Furnace
Oct. 3, 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.
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Mittal Steel ISG USA Repurchases Bonds
Jul. 25, 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.
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Mittal Steel Conveys Lake Vessels
Jun. 16, 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.
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Mittal and ISG Shareholders Approve Mega-Merger
Apr. 13, 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.
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Mittal Steel and ISG Clarify Election Deadline
Apr. 11, 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.
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Mittal Steel and ISG Proceed Toward Proposed Merger
Mar. 14, 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.
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Cleveland-Cliffs Reports Record Results for 2004
Feb. 17, 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.
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ISG Reports Record Results for 2004
Feb. 11, 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.
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ISG Burns Harbor Employees Support United Way
Feb. 9, 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.
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Mittal Steel Confirms Pro-Forma Guidance
Jan. 19, 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:
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Mittal Steel Announces US$3.2 Billion Credit Facility
Jan. 1, 2005 - Newly formed Mittal Steel Co. NV announced that it has mandated ABN AMRO, Citigroup Global Markets Limited, Deutsche Bank AG London and HSBC Bank plc (as Mandated Lead Arrangers and Bookrunners) and CSFB and UBS Limited (as Mandated Lead Arrangers) to arrange a US$3.2 billion unsecured revolving credit facility. The credit facility has been fully underwritten by the Mandated Lead Arrangers. It is expected to launch to the market at the end of January.
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Cleveland-Cliffs Amends ISG Pellet Contract
Dec. 31, 2004 - Cleveland-Cliffs Inc. has entered into an amendment to its major Pellet Sale and Purchase Agreement with International Steel Group Inc., for pellet deliveries to ISG Cleveland and ISG Indiana Harbor through 2016.
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ISG to Restart Burns Harbor Plate Mill
Dec. 21, 2004 - International Steel Group Inc. announced plans to restart its idled 110-inch plate mill located at the company's Burns Harbor facility. Prompted by increasing customer needs, the mill is expected to resume production early in the second quarter of 2005 and to employ an additional 80 employees at the Burns Harbor facility, ISG's largest plant.
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ISG Negotiates Property Tax Deal for Warren Coke Plant Upgrade
Dec. 8, 2004 - International Steel Group Inc. and the Warren City Schools Board of Education have announced an agreement regarding partial exemption of property taxes over the next 15 years arising from future investments at ISG’s coke production facility in Warren Township.
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ISG Successfully Launches HBI Facility in Trinidad
Nov. 19, 2004 - International Steel Group Inc. announced the successful start-up of its hot briquetted iron (HBI) facility in Trinidad and Tobago. ISG purchased the facility in July 2004 from Cliffs and Associates Limited as part of its strategy to stabilize its raw material supplies and costs.
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EPA Cites ISG Cleveland for Clean-Air Violations
Nov. 4, 2004 - U.S. Environmental Protection Agency Region 5 has cited ISG Cleveland Inc. (formerly an LTV Steel Co. Inc. facility) for alleged clean-air violations at the company's iron and steel production plant at 3060 Eggers Road, Cleveland, Ohio.
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ISG Reports Strong Third Quarter Results
Oct. 26, 2004 - International Steel Group Inc. reported third quarter 2004 net income of $256.4 million on net sales of $2.6 billion, and net income of $421.4 million on net sales of $6.5 billion for the nine months ended September 30, 2004.
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ISG and Ispat International to Create World's Largest Steel Company
Oct. 25, 2004 - Ispat International NV and International Steel Group Inc. announced that their Boards of Directors have unanimously approved a definitive agreement under which Ispat International and ISG will merge. The merger will follow Ispat International’s just-announced acquisition of LNM Holdings NV.
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ISG Extends Exchange Offer Deadline
Oct. 7, 2004 - International Steel Group Inc. (ISG) is extending the expiration date for its offer to exchange up to $600 million of its 6.5% Senior Notes due 2014, which have been registered under the Securities Act of 1933, for any and all of its unregistered outstanding 6.5% Senior Notes due 2014 issued on April 14, 2004.
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AISI Chairman Details Challenges to Domestic Industry
Aug. 20, 2004 - “We are witnessing major structural changes in the steel industry, which can be described accurately as both ‘revolutionary’ and predictable,” American Iron and Steel Institute (AISI) Chairman David S. Sutherland, President and CEO of Ipsco, Inc., testified Thursday, August 19, at a Steel Caucus field hearing in Pittsburgh.
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International Steel Group Announces 2nd Quarter Results
Jul. 30, 2004 - International Steel Group Inc. reported net income of $94.1 million on net sales of $2,083.8 million for the second quarter, and net income of $165.0 million on net sales of $3,854.1 for the first six months of 2004.
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ISG Enters Long-Term Coke Supply Agreements
Jul. 29, 2004 - International Steel Group Inc. has signed a letter of intent with Sun Coke Co., a subsidiary of Sunoco, for a 15-year supply agreement totaling over one million tons per year beginning in 2006.
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ISG Completes Purchase of HBI Facility in Trinidad and Tobago
Jul. 28, 2004 - International Steel Group Inc. has completed the purchase of substantially all of the assets of the Cliffs and Associates Limited (CAL) Circored® Hot Briquetted Iron (HBI) facility located in Trinidad and Tobago, for a purchase price of $8 million in cash, plus assumed liabilities. CAL may receive up to $10 million in future payments contingent upon production and shipments.
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ISG Weirton to Start Second Blast Furnace
Jul. 12, 2004 - International Steel Group Inc. will restart a second blast furnace at the Weirton, W.Va., facility, in response to strong customer demand for its value-added, coated steel products.
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ISG Completes Purchase of Georgetown Steel Assets
Jun. 22, 2004 - International Steel Group Inc. has completed the acquisition of the assets of the Georgetown Steel Co. facility in Georgetown, S.C., for a purchase price of $18 million in cash, plus assumed liabilities.
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ISG to Establish Trust Fund Covering Bethlehem Environmental Liabilities
Jun. 18, 2004 - 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.
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ISG Announces Starting Lineup for Newly Acquired ISG Weirton
Jun. 4, 2004 - With the closing of the Weirton Steel Acquisition, ISG became North America’s largest integrated steel producer. Following the acquisition, ISG President Rodney Mott recently announced the reassignment of several members of the current ISG management team and appointment of several new members.
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Weirton Noteholders Hire John Correnti to Help Formulate Stand-Alone Plan
Mar. 12, 2004 - The Informal Committee of Senior Secured Noteholders of Weirton Steel Corp. has retained International Steel Associates, Inc. and its principal, John Correnti to advise the Committee in its efforts to recapitalize and restructure Weirton Steel. Correnti had previously served as CEO of Nucor Steel and CEO of Birmingham Steel.
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