Mittal Steel USA's CEO, Lou Schorsch, Elected Chairman of American Iron and Steel Institute
21 Março 2006 - 7:08PM
PR Newswire (US)
CHICAGO, March 21 /PRNewswire-FirstCall/ -- Louis L. Schorsch,
president and chief executive officer of Mittal Steel USA, will
become chairman of the American Iron and Steel Institute April 1.
The board of directors of AISI, the trade organization of North
American steelmakers, chose Schorsch to succeed John Surma,
president and CEO of U.S. Steel Corp. 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 is a
division of Mittal Steel Co., the world's largest. "AISI is
committed to the development of a sustainable North American steel
industry, one built on strong financial performance, environmental
solutions and progressive social contributions," said Andrew G.
Sharkey, III, president and CEO of AISI. "Lou brings excellent
leadership skills to this effort as a revitalized industry seeks to
expand markets for North American steel and increase the North
American share of the steel market." As chairman, Mr. Schorsch will
support the role that AISI provides in driving initiatives that are
best done through the collective focus of a strong trade
association. One is the Gulf Coast Steel Initiative, an effort
announced Feb. 16 on behalf of 12 North American steel companies to
help rebuild the U.S. Gulf Coast region in the aftermath of
hurricanes Katrina and Rita. The joint Initiative's goal is to
"rebuild stronger with steel," and Mittal Steel USA is playing an
active role in the initiative. 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 Mittal Steel Mittal Steel
Company (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 2005, Mittal Steel had
revenues of US $28.1 billion and steel shipments of 49.2 million
tons. The company trades on the New York Stock Exchange and the
Euronext Amsterdam under the ticker symbol "MT." About AISI AISI is
a non-profit association of North American companies engaged in the
iron and steel industry. The Institute serves as the voice of the
North American steel industry, speaking out on behalf of its
members in the public policy arena and advancing the case for steel
in the marketplace as the preferred material of choice. AISI also
plays a lead role in the development and application of new steels
and steelmaking technology. AISI is comprised of 33 member
companies, including integrated and electric furnace steelmakers,
and 118 associate and affiliate members who are suppliers to or
customers of the steel industry. For more news about steel and its
applications, view AISI's website at http://www.steel.org/ .
DATASOURCE: Mittal Steel USA CONTACT: David C. Allen of Mittal
Steel USA, +1-312-899-3692; or Gillian Angstadt of The Abernathy
MacGregor Group, +1-212-371-5999 Web site: http://www.steel.org/
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