Mittal Steel USA Plans Galvanneal Addition to New Cleveland Line

CHICAGO, Jan. 4  /PRNewswire-FirstCall/ -- As the new galvanizing line nears completion at Mittal Steel's Cleveland plant, the company is making plans to add galvannealing capability to meet anticipated future automotive customer requirements.

The new hot-dip galvanizing line, to be completed during the first quarter of 2006, will produce coated steel for both exposed and unexposed automotive parts.

To keep up with the increasing demand for galvannealed sheet, the company has now formed a team to perform the engineering, evaluate technologies and seek bids to enhance the line to produce galvannealed.  The additional galvannealed capacity will enable Mittal Steel to serve a wider spectrum of automotive applications.

The coating line will be rated at 500,000 tons a year, any portion of which could be produced as galvanized or galvannealed.

The company could start offering galvannealed steel from the line as early as the first quarter of 2007.

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 16 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 U.S. $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 by the merger of Ispat Inland Inc. and International Steel Group, has operations in 12 states of the United States.

Forward-looking Statements

Certain of the statements contained in this press release are forward-looking statements and not historical fact.  When included in this press release, the words "believes," "expects," "intends," "anticipates," "estimates," and analogous expressions are intended to identify forward-looking statements.  Forward-looking statements include expected developments in the business of Mittal Steel USA (the "Company"), including inventory risks due to shifts in market demand and/or price erosion of purchased inputs; changes in product mix; cost and yield issues; the Company's expectations concerning its revenues, earnings, and expenses; and the Company's proposed actions in response to trends in its business.

Such statements, and the financial condition and results of operations of the Company, are subject to a variety of inherent risks and uncertainties. These risks and uncertainties could cause actual results to differ materially from those projected.  Such risks and uncertainties include, among others: the highly competitive nature of the global steel industry; our level of indebtedness; changes in levels of steel imports into the United States; the substantial capital investment and similar expenditures required in our business; the cyclical nature of our business and changes in market supply and demand for our products; increases in the cost of iron ore, coke, steel scrap, other raw materials, energy and freight; our ability to fund our pension and post-retirement employee benefits; our ability to negotiate collective bargaining agreements and labor relations; conflicts of interest with our controlling stockholder; competition from substitute products; general economic conditions; legislative or regulatory changes, including changes in environmental regulation; environmental risks and liability under federal, state and local environmental laws and regulations; and changes in the capital markets.

These forward-looking statements speak only as of the date of this press release.  The Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statement contained in this press release to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based. 

DATASOURCE: Mittal Steel USA



CONTACT:  David Allen of Mittal Steel USA, [phone]

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