Mittal Steel USA Bringing One Furnace Back, Idling Another
12 Agosto 2005 - 2:15PM
PR Newswire (US)
CHICAGO, Aug. 12 /PRNewswire-FirstCall/ -- Mittal Steel USA is
returning one blast furnace to service, then will idle another for
maintenance, in order to maintain stable production in its eastern
region over the next several months. Mittal Steel USA - Cleveland
will restart blast furnace C-6 Aug. 23 in preparation for the
scheduled idling of Cleveland's other ironmaker, blast furnace C-5,
in October. The company took C-6 out of production in May,
accelerating maintenance that had been scheduled to be done later,
in response to inventory-related market softness. Similarly, C-5
will be idled in order to perform extensive repairs to the furnace
top. The overlap also will enable the Cleveland plant to cover the
company's steelmaking needs during an upcoming 20-day mainentance
outage at Mittal Steel USA - Sparrows Point, where a complete
reline is needed at one of the Maryland plant's basic oxygen
furnaces. "This is another example of our plants working together
to meet customer requirements," said William Brake, executive vice
president, operations east. "After completion of the repairs, C-5
will be returned to service when the order book indicates it is
needed." Operating employees will participate in the maintenance
and other activities at the plants during these outages. About
Mittal Steel Mittal Steel Company N.V. (NYSE:MT)(AEX:MT) is the
world's largest and most global steel company. The company has
operations in 14 countries, on four continents. Mittal Steel
encompasses all aspects of modern steelmaking, to produce a
comprehensive portfolio of both flat and long steel products to
meet a wide range of customer needs. It serves all the major steel
consuming sectors, including automotive, appliance, machinery and
construction. For 2004, Mittal Steel had revenues of US$22.2
billion and steel shipments of 42.1 million tons. The company
trades on the New York Stock Exchange and the Euronext Amsterdam
under the ticker symbol "MT." Mittal Steel USA, formed in April
2005, consists of Ispat Inland Inc. and Mittal Steel USA ISG Inc.,
formerly International Steel Group. It has operations in 12 states
of the United States and in Trinidad and Tobago. Forward-Looking
Statements Statements that are not historical facts 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. Mittal Steel does not assume any 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 statement. 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 and steel market conditions;
competition within the steel industry; changes in U.S. or foreign
trade policy; changes in foreign currencies; 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; 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 Mittal Steel's
filings with the Securities and Exchange Commission. DATASOURCE:
Mittal Steel USA CONTACT: David C. Allen, Corporate Communications
of Mittal Steel USA, +1-312-899-3692
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