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Ispat Inland Accelerates Maintenance Outages.

Ispat Inland Inc. is moving up maintenance outages for two key facilities at its Indiana Harbor Works in East Chicago.

No. 6 blast furnace, which typically produces iron at the rate of 2,500 tons a day, has been "blown down" and cooled so that the furnace can be gunned with additional refractory material to extend the life of its refractory lining.

The company continues to operate the like-sized No. 5 blast furnace and the 11,000-ton-a-day No. 7 blast furnace during the outage.

Beginning this week, Ispat Inland also will accelerate planned maintenance that was scheduled for later this year at the 80-inch hot strip mill through a series of staged shutdowns. This will temporarily reduce production capability, but will prepare the line for greater production later in the year when demand is expected to be stronger.

"While the economy remains strong, there is currently excess inventory in the system," said Michael G. Rippey, executive vice president, commercial, and chief financial officer.

"Considering both current demand and likely demand later in the year, we decided it was better to do this work now," he said.

About Ispat Inland Inc.

Ispat Inland Inc. is a subsidiary of Mittal Steel Company N.V. , the world's most global steel company. Formed from the combination of Ispat International N.V. and LNM Holdings N.V., Mittal Steel has steelmaking operations in 14 countries, on four continents. For the 12 months that ended Dec. 31, 2004, Mittal Steel had revenues of approximately $22 billion and steel shipments of 42 million tons. 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 the automotive, appliance, machinery and construction sectors.

CONTACT: David C. Allen, Corporate Communications of Ispat Inland Inc., +1-312-899-3692
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Publication:PR Newswire
Geographic Code:4EUNE
Date:Mar 7, 2005
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