Weirton Steel Corporation Approves International Steel Group's Bid CLEVELAND, April 15 /PRNewswire-FirstCall/ -- International Steel Group Inc. announced today that its bid to purchase substantially all of Weirton Steel Corporation's assets has been approved by the Board of Directors of Weirton Steel Corporation. A hearing is scheduled for April 20 in Wheeling, West Virginia, to obtain final approval of the sale from the United States Bankruptcy Court. The addition of Weirton is expected to increase ISG's annual steel-making capacity by approximately 3 million tons. Rodney B. Mott, ISG's President and Chief Executive Officer said, "We are excited about working with the International Steelworkers Union and adding the Weirton workforce and facilities to our team as ISG continues to strengthen its position as a leader in the steel industry." About International Steel Group Inc. International Steel Group Inc. is the second largest integrated steel producer in North America, based on steelmaking capacity. The company has the capacity to cast more than 18 million tons of steel products annually, excluding the impact of the Weirton acquisition. It ships a variety of steel products from 11 major steel producing and finishing facilities in six states, including hot-rolled, cold-rolled and coated sheets, tin mill products, carbon and alloy plates, rail products and semi-finished shapes serving the automotive, construction, pipe and tube, appliance, container and machinery markets. About Weirton Steel Corporation Weirton Steel is the fifth largest U.S. integrated steel company and the nation's second largest producer of tin mill products. On May 19, 2003, Weirton Steel filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. 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; actions by domestic and foreign competitors; changes in availability or cost of raw materials, energy or other supplies; and labor issues affecting the Company's workforce or the steel industry generally. Further information concerning issues that could materially affect financial performance related to forward-looking statements can be found in ISG's Annual Report on Form 10-K for year ended December 31, 2003 filed with the Securities and Exchange Commission. DATASOURCE: International Steel Group Inc. CONTACT: Brian Kurtz, Vice President, Finance & Treasurer, International Steel Group Inc., +1-330-659-9100

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