ING Groep NV (NYSE:ISG)
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ISG Announces Record Shipments
RICHFIELD, Ohio, Oct. 7 /PRNewswire-FirstCall/ -- International Steel Group
Inc. (NYSE:ISG) today announced that it achieved record shipments for the third
quarter of 2004 of approximately 4,039,000 tons.
"Our record shipments reflect the continuing strength of the steel market and
our increasing shipping capability resulting from our recent acquisitions of
Weirton Steel and Georgetown Steel. This is further evidence that we are
rapidly becoming the leader in the North American steel industry," said Rodney
B. Mott, president and CEO. "We are optimistic that economic and steel market
conditions will remain strong in North America and globally for the near term."
Mott went on to say that the Weirton operation experienced a rapid and
successful startup and that Georgetown is well on its way to reaching its
planned level of production and shipments.
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, wire
rod and 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 filings
with the Securities and Exchange Commission.
DATASOURCE: International Steel Group Inc.
CONTACT: Investor Relations, Blaise Derrico, Manager, Investor
Relations, +1-330-659-7430, or Media, Charles T. Glazer, Manager,
Communications and Public Relations, +1-330-659-9121, both of International
Steel Group Inc.
Web Site: http://www.intlsteel.com/