ISG ING Groep NV

International Steel Group Announces Start-Up of Production at Georgetown Facility RICHFIELD, Ohio, Aug. 3 /PRNewswire-FirstCall/ -- International Steel Group Inc. (NYSE:ISG) announced today that its ISG Georgetown Inc. subsidiary has begun producing wire rod at its facility in Georgetown, South Carolina. ISG acquired the facility in June 2004 from the Georgetown Steel Company. The plant has annual steelmaking capacity of 1 million tons and rolling capacity of 800,000 tons, along with the capacity to produce 500,000 tons annually of Direct Reduced Iron (DRI), a scrap substitute. The facility had been idle since Georgetown Steel filed for Chapter 11 bankruptcy in October 2003. "We made a commitment to the employees and the community of Georgetown to resume operations at the facility, and thanks to the support and hard work of everyone involved, we have done so," said Rodney B. Mott, ISG's President and Chief Executive Officer. The Georgetown plant will produce high-quality wire rod products, which are used to make low-carbon fine wire drawing, wire rope, tire cord, high-carbon machinery, and upholstery springs. About International Steel Group Inc. International Steel Group Inc. is one of the largest steel producers in North America. It produces a variety of steel products including hot-rolled, cold-rolled and coated sheets, tin mill products, carbon and alloy plates, rail products and semi-finished shapes to serve the automotive, construction, pipe and tube, appliance, container and machinery markets. For additional information on ISG, visit http://www.intlsteel.com/ . Forward-Looking Statements Statements in this release that are not historical facts, including statements accompanied by words such as "will," "believe," "expect," "estimate," or similar terms, 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. ISG does not undertake any ongoing 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 release. 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 conditions or conditions in the markets served; competition within the steel industry; changes in U.S. or foreign trade policy affecting steel imports or exports; changes in foreign currencies affecting the strength of the U.S. dollar; 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 affecting the Company's workforce or the steel industry generally; 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 ISG's Prospectus filed on December 12, 2003, and in the Company's subsequent periodic filings with the Securities and Exchange Commission. DATASOURCE: International Steel Group CONTACT: Leonard M. Anthony, Chief Financial Officer of International Steel Group Inc., +1-330-659-9100 Web site: http://www.intlsteel.com/

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