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BETHLEHEM STEEL HEADLINES

Steel Producers / Bethlehem Steel

Latest News:

Mittal Steel USA Shapes New Identity for Merged Facilities
May 24, 2005 - Newly formed Mittal Steel USA has settled on names for its locations across the United States.

ISG Program Restores Partial Benefits to Bankruptcy-Stranded Union Retirees
Jan. 10, 2005 - Retirees who lost health care benefits in four steel company bankruptcies will have a measure of that coverage restored March 1, thanks to an innovative trust fund bargained by the United Steelworkers of America (USWA) and International Steel Group, Inc.

ISG Reports Strong Third Quarter Results
Oct. 26, 2004 - International Steel Group Inc. reported third quarter 2004 net income of $256.4 million on net sales of $2.6 billion, and net income of $421.4 million on net sales of $6.5 billion for the nine months ended September 30, 2004.

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.

Real Estate Partnership Buys Bethlehem Steel Works
Sep. 15, 2004 - New York lawyer Richard Fischbein and partner Michael Perrucci joined with developers Jeff Gural, Barry Gosin and James Kuhn to buy the former Bethlehem Steel Works. The group intends to redevelop the 162-acre site as a mixed-use community.

International Steel Group Announces 2nd Quarter Results
Jul. 30, 2004 - International Steel Group Inc. reported net income of $94.1 million on net sales of $2,083.8 million for the second quarter, and net income of $165.0 million on net sales of $3,854.1 for the first six months of 2004.

ISG to Establish Trust Fund Covering Bethlehem Environmental Liabilities
Jun. 18, 2004 - International Steel Group Inc. has reached an agreement with the Commonwealth of Pennsylvania and its Department of Environmental Protection (DEP) to create a $19.9 million trust fund, which will be funded over the next several years to finance continual treatment of polluted mine pool discharges in Cambria, Somerset and Butler counties in Pennsylvania.

WL Ross Group Wins Preferred Bidder Status for Horizon Natural Resources
Jun. 14, 2004 - The WL Ross led group of holders of a majority of Horizon Natural Resources' second lien notes has been designated the preferred bidder for the company’s assets following their recent bid increase to $277,350,000 from $240,000,000.

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