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Latest News:
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Noteholders Take Control of WCI Steel May 5, 2006 - May 5, 2006 — WCI Steel Noteholders led by Harbinger Capital Partners Master Fund I, Ltd. consummated a plan of reorganization on May 1 that gave the Noteholders $100,000,000 in
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Cleveland-Cliffs to Sell Hoyt Lake Assets to PolyMet Sep. 15, 2005 - Cleveland-Cliffs Inc. has reached an agreement in principle with PolyMet Mining Corp. regarding terms for the early exercise of PolyMet's option to acquire certain assets located at Cliffs' Erie site in Hoyt Lakes, Minn.
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Wheeling-Pittsburgh Names New President and COO Mar. 30, 2005 - Wheeling-Pittsburgh Steel Corp. announced that Harry L. Page, 58, will assume the new position of President and Chief Operating Officer, effective April 1, 2005. James G. Bradley will continue as Chairman of the Board and CEO.
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Northshore Mine Receives Cliffs Mine Safety Award Mar. 24, 2005 - Cleveland-Cliffs Inc. announced that its Northshore Mining Co., Silver Bay, Minn., is once again the recipient of Cliffs' President's Award for Safety. The award is presented annually to the Cliffs mine with the best safety performance, as measured by the frequency rate for Mine Safety and Health Administration (MSHA) reportable injuries.
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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 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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Mesabi Nugget Successfully Concludes Pilot Plant Phase Sep. 10, 2004 - Larry Lehtinen, President of Mesabi Nugget, LLC (MNC) announced the successful conclusion of the pilot plant testing phase of the Mesabi Nugget Project. The announcement culminates twelve months of engineering and construction followed by fourteen months of plant operations. The company will now proceed forward with commercialization of the Kobe Steel ITmk3 Process® and the iron nugget technology.
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U. S. Steel's Bernie Fedak to Retire Aug. 19, 2004 - United States Steel Corp. announced that Bernard J. Fedak, Managing Director of Engineering, will retire after 19 years of dedicated service.
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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 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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