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Latest News:
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ArcelorMittal Completes Laser Welding Deal with Noble International
Sep. 4, 2007 - ArcelorMittal and Noble International complete the transaction to combine their laser-welded tailored blanks businesses in an approximately US$300-million deal involving eight production facilities in western and eastern Europe, China, India and the U.S., plus interest in two joint ventures in Asia.
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Mittal to Restart Gary Plate Mill
May 24, 2007 - Mittal Steel USA announced plans to restart its idled Gary Plate Mill, a move that will support the company’s export market plans in the face of strong global demand for plate products in the construction, machinery, and shipbuilding markets.
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Dofasco Redeems Medium-Term Notes
May 16, 2007 - Dofasco has completed redemption of all of its issued and outstanding 7.55% Series B Notes due October 1, 2008, and all of its issued and outstanding 4.961% Series A Notes due June 15, 2017 — in each case plus accrued but unpaid interest.
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Mittal Steel USA Enters Export Market
Apr. 23, 2007 - Mittal Steel USA has begun the sale of steel for export beginning this quarter and continuing on an ongoing basis, allowing it to take advantage of the strong global market and the resources the company's global trading arm.
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Mittal Steel to Idle Two Blast Furnaces
Oct. 6, 2006 - Oct. 6, 2006 — Mittal Steel USA announced that it will idle two of its blast furnaces indefinitely to bring production capabilities in line with reduced levels of demand for ligh
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Koppers Renews Coke Contract with Mittal Steel
Jun. 21, 2006 - June 21, 2006 — Koppers and Mittal Steel USA have agreed to a three-year contract in which Koppers will sell 100% of its furnace coke production to Mittal.
Koppers&rsquo
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Year-To-Date Steel Imports 29% Ahead of YTD 2005
Jun. 1, 2006 - June 1, 2006 — The United States imported a total of 3,573,000 net tons of steel in April 2006, according to the latest report from the American Iron and Steel Institute (AISI).
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Arcelor and Severstal to Merge
May 27, 2006 - May 27, 2006 — Arcelor and Severstal have agreed to merge, forming a combined company that will rank amongst the world's most competitive steelmaking and resource assets in both
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CVRD Settles 2006 Iron Ore Prices with Mittal
May 22, 2006 - May 22, 2006 — Companhia Vale do Rio Doce (CVRD) has concluded iron ore price negotiations for 2006 with Mittal Steel Group.
As an outcome of these negotiations, iron or
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Mittal Steel Ups the Ante for Arcelor Offer
May 21, 2006 - May 21, 2006 — On Friday, May 19, Mittal Steel Co. NV announced it would improve its offer made to the security holders of Arcelor SA.
Based on the Mittal Steel share clo
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Mittal Steel Offer for Arcelor Opens
May 19, 2006 - May 19, 2006 — Mittal Steel Co. announced that its offer for Arcelor has opened in Luxembourg, France and Belgium. It is expected to open in Spain and the United States shortly.
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European Commission Okays Mittal–Arcelor Merger
May 5, 2006 - May 5, 2006 — Mittal Steel Co. NV announced that the European Commission has cleared Mittal's bid to acquire Arcelor subject to certain commitments. The granting of EU antitrust
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Mittal Opens Galvanizing Line in Cleveland
Apr. 26, 2006 - April 26, 2006 — Mittal Steel USA officially placed a new line into operation in Cleveland to produce galvanized sheet steel for automakers and other demanding customers.
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Mittal Steel USA Announces Redemption of Notes
Mar. 2, 2006 - March 2, 2006 — Ispat Inland ULC, an affiliate of Mittal Steel USA Inc., has issued a notice of redemption for all $150,000,000 outstanding principal amount of its Senior Secured
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Cleveland-Cliffs Reports 2005 Year-End Results
Feb. 16, 2006 - Feb. 16, 2006 — Cleveland-Cliffs Inc. reported net income of $66.1 million on revenues of $468.9 million for the fourth quarter and net income of $277.6 million on revenues of $1
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Stelco Issues Additional Restructuring Update
Jan. 30, 2006 - Jan. 30, 2006 — Stelco Inc.’s Court-appointed Monitor has filed its forty-ninth report regarding the company's Court-supervised restructuring. The Report provides updated i
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Mittal Steel Announces Offer for Arcelor
Jan. 27, 2006 - Jan. 27, 2006 — Mittal Steel NV has launched an offer to the shareholders of Arcelor SA to acquire Arcelor’s outstanding common shares at a rate of €28.21 — a 27
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Mittal Steel in Talks with Baotou Steel
Dec. 29, 2005 - Mittal Steel Co. has confirmed that it is involved in discussions with Baotou Iron and Steel Group Co., Ltd. about a possible participation in this company.
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ITC Votes to End Cases on Steel Wire Rod Imports from China, Germany and Turkey
Dec. 27, 2005 - The United States International Trade Commission (ITC) has failed to find a reasonable indication of real or threatened injury to a U.S. industry in regards to carbon and alloy steel wire rod imported from China, Germany, and Turkey that are allegedly sold in the United States at less than fair value.
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Stelco Stay Extended to January 31, 2006
Dec. 13, 2005 - The Superior Court of Justice (Ontario) has granted an Order to Stelco Inc. extending the stay period under its Court-supervised restructuring until January 31, 2006.
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Domestic Wire Rod Producers File Unfair Trade Cases Filed
Nov. 11, 2005 - Five domestic producers of carbon and alloy steel wire rod have filed antidumping duty petitions charging that dumped wire rod imports from P.R. China, Germany and Turkey cause material injury to the domestic industry. The petitioners allege antidumping margins of 330% for P.R. China, 42 to 82% for Germany, and 31 to 78% for Turkey.
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Mittal Welcomes New Pact with Steelworkers
Nov. 3, 2005 - Mittal Steel USA welcomed the ratification of new collective-bargaining agreements by members of the United Steelworkers at former Ispat Inland Inc. locations in Indiana and Minnesota.
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Ohio Steel Producers Report First Half Results
Oct. 4, 2005 - Ohio steelmakers posted moderately strong production and shipping figures for the first half of 2005, even as the market struggled to emerge from an inventory correction that began before the end of 2004.
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Mittal Steel USA to Restart Indiana Harbor Blast Furnace
Oct. 3, 2005 - Mittal Steel has elected to restart a blast furnace in its East Chicago, Ind., facility 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 maintenance needs for various ironmaking and steelmaking equipment.
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Arcelor Included in Dow Jones Sustainability Index
Oct. 1, 2005 - Arcelor has been included in the Dow Jones Sustainability Index (DJSI) World, one of the most important and recognized global indexes tracking the performances of the leading sustainable development-driven companies worldwide.
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ThyssenKrupp Stahl Approved for Blast Furnace Installation
Aug. 1, 2005 - The Düsseldorf district authority granted approval to ThyssenKrupp Stahl AG for the construction of Blast Furnace No. 8. The investment is the centerpiece of a modernization program for the company’s hot metal base in Duisburg-Hamborn, which also includes the relining of nearby Blast Furnace No. 9. The 41-year-old Blast Furnace No. 4 will then be shut down and kept only as a back-up unit. The concept is to be implemented by 2008 at a total cost of €340 million.
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Siemens VAI to Supply Hot Strip Mill for Mittal Steel
Aug. 1, 2005 - Mittal Steel has announced plans to build a new hot strip mill in Cracow, Poland. The new 2.4 million tonnes/year mill, which will be able to roll steel strips up to 2100 mm wide, will be among the largest of its kind in Europe.
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Mittal Steel ISG USA Repurchases Bonds
Jul. 25, 2005 - Mittal Steel ISG USA Inc. announced the repurchase of $100 million aggregate principal amount of its 6.50% Notes due April 15, 2014, pursuant to a single negotiated purchase transaction.
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AISI Joins the Metal Initiative
Jun. 30, 2005 - The American Iron and Steel Institute (AISI) has joined The Metal Initiative, a coalition of metal construction product manufacturers and suppliers created to communicate the value of metal roofing and siding for commercial building applications.
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Mittal Steel Conveys Lake Vessels
Jun. 16, 2005 - Mittal Steel Co. has disposed of its bareboat charter interests in two lake vessels that provide raw materials to its steel works in Burns Harbor, Ind. The vessels were chartered by International Steel Group, which Mittal Steel Co. acquired on April 15.
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AIST Announces 2005-2006 Officers
Jun. 9, 2005 - June 9, 2005 — The Association for Iron & Steel Technology (AIST) announced that Richard E. O’Hara, Director of Procurement and Logistics for Carpenter Specialty Alloys, Reading, Pa, has been elected as the association’s President for 2005-2006. He replaces outgoing President Thomas C. Graham Jr., Vice President, T.C. Graham & Associates, Mason, Ohio.
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Keith Busse Named Steelmaker of the Year at AISTech 2005
May 19, 2005 - Keith E. Busse, President and CEO of Steel Dynamics Inc. was named “Steelmaker of the Year” at AISTech 2005 — The Iron & Steel Technology Conference and Exposition, managed by the Association for Iron & Steel Technology. The Steelmaker of the Year Award is presented annually by the AIST to recognize notable leaders and their contributions to the steel industry.
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Mittal and ISG Shareholders Approve Mega-Merger
Apr. 13, 2005 - Mittal Steel Co. NV announced on Tuesday that its merger with International Steel Group was approved by shareholders at the extraordinary general meeting held in Rotterdam.
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Mittal Steel and ISG Clarify Election Deadline
Apr. 11, 2005 - Mittal Steel Co. NV and International Steel Group Inc. have clarified the deadline for ISG stockholders to submit forms of election regarding the stock and cash consideration they elect to receive for their shares of ISG common stock. The election relates to the proposed merger of ISG with a wholly owned subsidiary of Mittal Steel.
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Mittal Orders Morgan Compactors for Newcastle Works
Apr. 1, 2005 - Morgan Construction Co. has received an order from Mittal Steel Newcastle Works, South Africa, for an upgrade to the company’s twin-strand Morgan wire mill. The contract was signed with Morgan-Europe, Morgan’s subsidiary in Sheffield, England.
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Ispat Inland Receives Requisite Consents
Mar. 15, 2005 - Ispat Inland Inc. affiliate Ispat Inland ULC has received the requisite consents from holders of its Senior Secured Floating Rate Notes due 2010 and its 9.75% Senior Secured Notes due 2014 to the amendments to the indenture under which the securities were issued.
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Mittal Steel and ISG Proceed Toward Proposed Merger
Mar. 14, 2005 - Mittal Steel Co. NV and International Steel Group Inc. announced that the registration statement on Form F-4 filed by Mittal Steel with the Securities and Exchange Commission in connection with the proposed merger involving ISG and Mittal Steel has been declared effective as of March 11, 2005.
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Ispat Inland Further Increases Consent Offer
Mar. 10, 2005 - Ispat Inland Inc. affiliate Ispat Inland ULC has increased the consent payment it will make to the holders of its Senior Secured Floating Rate Notes due 2010 and 9.75% Senior Secured Notes due 2014 that validly deliver (and not revoke) consents to $5.00 for each $1,000 principal amount of Notes held by such holders.
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Ispat Inland Accelerates Maintenance Outages
Mar. 8, 2005 - Ispat Inland Inc. is moving up the maintenance outage for No. 6 Blast Furnace at its Indiana Harbor Works in East Chicago. The blast furnace, which typically produces iron at the rate of 2,500 tons a day, has been blown down and cooled so it can be gunned with additional refractory material to extend the life of its refractory lining.
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Ispat Inland Increases Consent Offer
Mar. 4, 2005 - Ispat Inland ULC has increased the consent payment it will make to holders of its Senior Secured Floating Rate Notes due 2010 and 9.75% Senior Secured Notes due 2014 that validly deliver (and not revoke) consents to $2.50 for each $1,000 principal amount of Notes held by such holders.
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Duisburg Steel Producers Extend Long-term Supply Agreements
Mar. 1, 2005 - Three Duisburg steel companies — ThyssenKrupp Stahl AG, Mittal Steel Ruhrort and TSTG Schienentechnik — have enjoyed close ties in the supply of pig iron and crude steel for more than seven years. The ties are based on contractual arrangements set up in 1997 covering a ten-year period upon the sale of the Ruhrort and Hochfeld plants by the former Thyssen Stahl AG.
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Ispat Inland Reports Record Earnings in 2004
Feb. 24, 2005 - Ispat Inland Inc. reported net income of $41.7 million on sales revenue of $811.0 million for the fourth quarter, and record net income of $258.7 million on sales revenue of $3,157.6 million for the year 2004.
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Ispat Inland Seeks Consents from Note Holders
Feb. 22, 2005 - Ispat Inland ULC is soliciting consents from holders of its outstanding Senior Secured Floating Rate Notes due 2010 and 9.75% Senior Secured Notes due 2014 for amendments to the indenture governing the Notes.
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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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Mittal Steel Confirms Pro-Forma Guidance
Jan. 19, 2005 - Mittal Steel Co. NV confirmed its guidance for 2004, with pro-forma numbers (including ISG) expected to be close to the guidance given on October 25, 2004, namely:
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Ispat Iscor Commences Coke Expansion Project
Jan. 1, 2005 - Ispat Iscor Ltd. has obtained approval from South African environmental authorities to commence construction of a new coke oven battery at its Newcastle steel plant in northern Kwa-Zulu Natal. This will enable the company to expand its market coke production by some 450,000 tonnes per year.
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Mittal Steel Announces US$3.2 Billion Credit Facility
Jan. 1, 2005 - Newly formed Mittal Steel Co. NV announced that it has mandated ABN AMRO, Citigroup Global Markets Limited, Deutsche Bank AG London and HSBC Bank plc (as Mandated Lead Arrangers and Bookrunners) and CSFB and UBS Limited (as Mandated Lead Arrangers) to arrange a US$3.2 billion unsecured revolving credit facility. The credit facility has been fully underwritten by the Mandated Lead Arrangers. It is expected to launch to the market at the end of January.
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Ispat Shareholders Approve Formation of Mittal Steel Company
Dec. 16, 2004 - Ispat International NV shareholders have approved the company’s acquisition of LNM Holdings NV to form Mittal Steel Co. NV. Approval was granted during an Extraordinary General Meeting of Shareholders held Wednesday in Rotterdam. The transaction is expected to close on December 17, 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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Iscor to be Renamed Ispat Iscor
Jul. 6, 2004 - Iscor Limited, South Africa's largest steel producer, has announced that it will change its name to Ispat Iscor Limited.
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