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MT Maire Tecnimont SpA

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Share Name Share Symbol Market Type
Maire Tecnimont SpA BIT:MT Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Mittal Steel USA Idling Blast Furnaces in Response to Market

05/10/2006 4:03pm

PR Newswire (US)


Maire Tecnimont (BIT:MT)
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CHICAGO, Oct. 5 /PRNewswire-FirstCall/ -- Mittal Steel USA is idling two f its blast furnaces indefinitely to bring production capabilities in line ith reduced levels of demand for light flat-rolled products. The company is idling one blast furnace each in its east and west regions -- at Mittal Steel USA - Cleveland, and at Mittal Steel USA - Indiana Harbor in East Chicago, Ind. While the furnaces are off line, required maintenance will be performed. The furnaces will be reactivated when market conditions warrant increased production levels. No employees will be laid off. "We are confident that we can maintain and service our customers' requirements working under this production configuration and are committed to maintaining our customers' business," said Michael G. Rippey, president and chief executive officer. About Mittal Steel USA Mittal Steel USA, with its affiliates, is the largest steel producer in North America and the largest integrated steel producer in the United States. It serves a broad U.S. manufacturing base. The company was formed in April 2005 and consists of the former Ispat Inland Inc. and the former International Steel Group. It has operations in 12 states of the United States. About Arcelor Mittal Mittal Steel USA is a subsidiary of Arcelor Mittal, the world's leading steel company by both revenue and production. The company operates 61 plants across 27 countries, employing some 320,000 employees. DATASOURCE: Mittal Steel USA CONTACT: David C. Allen, Mittal Steel USA Communications, +1-312-899-3692

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