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Latest News:
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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 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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Cleveland-Cliffs Reports Record 2nd Quarter Results
Jul. 29, 2004 - Cleveland-Cliffs Inc reported net income of $32.8 million on total revenues of 305.6 million in the second quarter and net income of $32.8 million on total revenues of 546.4 million for the first six months of 2004.
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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 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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