ISG ING Groep NV

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/

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