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Wednesday, December 01, 2004

Economic development - NWI seeks steel giant�s headquarters

According to a story in the Gary Post-Tribune today:

State political leaders are lobbying International Steel Group CEO Rodney Mott to consider making the region the U.S. headquarters for the new Mittal Steel Co.

They believe since Northwest Indiana boasts the highest concentration of steelmaking in the country and since the new company will employ 11,700 workers locally it would be a perfect combination to locate its headquarters here.

Ispat International announced this fall that it intends to buy ISG and will form the worlds largest steelmaker. This deal should come to fruition in early 2005 and would mean ISG-Burns Harbor and ISG -Indiana Harbor employees and Ispat Inland employees will all be employed by Mittal Steel.

Mott will be the CEO for the companys U.S. operations. Lawmakers say if the headquarters are located here, it would be an economic boost and might draw new companies to the region.

Posted by Marcia Oddi on December 1, 2004 12:44 PM
Posted to Indiana economic development