Mittal Steel completes U.S. subsidiaries merger
Mittal Steel Company N.V. has completed the merger of U.S. operating subsidiaries Mittal Steel USA ISG Inc. and Ispat Inland Inc.
Inland was merged with and into ISG effective Dec. 31, 2005, with ISG being the surviving corporation of the merger. With the consummation of the merger, ISG was renamed Mittal Steel USA Inc.
Mittal Steel USA also has announced that as the new galvanizing line nears completion at its 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.
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 said it could start offering galvannealed steel from the line as early as the first quarter of 2007.
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