Mittal Steel USA Restarting Furnace in Indiana Plant
30 Septiembre 2005 - 12:53PM
PR Newswire (US)
CHICAGO, Sept. 30 /PRNewswire-FirstCall/ -- Mittal Steel has
decided to restart a blast furnace in East Chicago, Ind., 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 the needs for
maintenance of various ironmaking and steelmaking equipment. John
Mang, executive vice president, operations west, said IH3 blast
furnace at Mittal Steel USA - Indiana Harbor will be restarted in
mid-October. The ironmaker on the west side of the Indiana Harbor
Canal typically produces about 4,000 tons a day. It has been idle
since early May. "Fortunately, Mittal has the flexibility to
fine-tune the maintenance needs in various plants and the
production required by our order book," Mang said. Steel made from
the iron produced in the blast furnaces can be apportioned across
the country through centralized sales and marketing and efficient
facility loading, he said. At Mittal Steel USA - Cleveland, one
blast furnace was down for three months because of a combination of
accelerated maintenance and market conditions. It returned to
service in August, when the company announced that Cleveland's
other ironmaker will be cooled for maintenance in October. 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. DATASOURCE: Mittal
Steel USA CONTACT: Corporate Communications, David C. Allen of
Mittal Steel USA, +1-312-899-3692
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