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International Steel Group Inc (NYSE:ISG), Down By 5.36% ($0.98) From $18.280 After BUYINS.NET Report Predicted Stock Would Go

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  Published in Stocks and Investing on Friday, August 19th 2011 at 5:26 GMT by WOPRAI
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August 19, 2011 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Saturday, August 13th 2011 stating that International Steel Group Inc (NYSE:ISG) was expected to go Down due to the Bearish conditions presented in the following report. Click here to view the BUYINS.NET report: http://www.buyins.net/tools/symbol_stats.php?sym=isg

At the time this story was written, International Steel Group Inc (NYSE:ISG) is Down By $0.98 (5.36%) since the BUYINS.NET report was released.

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International Steel Group Inc (NYSE:ISG) - International Steel Group Inc. (ISG) is a steel producer in North America. ISG ships steel products from 13 steel producing and finishing facilities in eight states. It operates in one segment of business, carbon steel, with all of its operations located in the United States. ISG's products include hot-rolled, cold-rolled and coated sheets, tin mill products, carbon and alloy plates, wire rod, rail products and semi-finished shapes to serve the automotive, construction, pipe and tube, appliance, container and machinery markets. During the year ended December 31, 2004, ISG acquired out of bankruptcy all of the assets of LTV Corporation, Acme Steel Corporation, Bethlehem Steel Corporation, Weirton Steel Corporation and Georgetown Steel Corporation.

In 2004, Ispat International N.V. (Ispat), LNM Holdings N.V. (LNM) and ISG agreed to merge in a two-step transaction. The first step the acquisition of LNM by Ispat for 100% stock consideration. The new entity, renamed Mittal Steel N.V. (Mittal), will then acquire ISG. The merger of ISG and Mittal is subject to approval by the shareholders of ISG and Mittal at meetings scheduled on April 12, 2005. The transaction is expected to be completed on or around April 13, 2005.

Hot-Rolled Products

All coiled flat-rolled steel is hot-rolled by passing a slab through a multi-stand rolling mill to reduce its thickness to less than 5/8 inch. Hot-rolled steel destined for the sheet market can be either shipped as black band, or cleaned in an acid bath and sold as pickled band. These products are used in non-critical surface applications, such as automotive frames and wheels, construction products, pipe, off-highway equipment and guardrails.

Cold-Rolled Products

Cold-rolled sheet is hot-rolled coil that has been processed through a pickler and then passed through a rolling mill without reheating until the desired gauge, or thickness, and other physical properties have been achieved. Cold rolling reduces gauge and hardens the steel. Further processing through an annealing furnace and a temper mill improves ductility and formability. Cold-rolling can also impart surface finishes and textures. Cold-rolled sheet is used in among other things steel applications that demand surface quality, such as exposed automobile and appliance panels. Cold-rolled sheet prices are higher than hot-rolled steel prices. For certain applications, cold-rolled sheet is coated or painted.

Coated Products

Either hot-rolled or cold-rolled coil may be coated with zinc, aluminum or a combination thereof to render it corrosion resistant and to improve its paintability. Hot-dipped galvanized, galvannealed, Galvalume, electrogalvanized and aluminized products are types of coated steel. These are also the value-added sheet products because they require a degree of processing and have to meet quality requirements. Coated steel products are used in applications, such as automobiles, household appliances, roofing and siding, heating and air conditioning equipment, air ducts, switch boxes, chimney flues, awnings and grain bins.

Plate

Plate is steel that is more than 3/16 inch thick. It can be made on either a coiled plate mill up to one inch thick or a discrete plate mill. The coiled plate or discrete mill plate is then cut into sections for specific end uses. Commodity steel plate is used in applications, such as storage tanks, ships and railcars, large diameter pipe and machinery parts. Specialized steel plate, such as high-strength, low-alloy, heat-treated, or alloy plate, can have strength and performance characteristics for applications, such as the manufacture of construction, mining and logging equipment; pressure vessels and oil and gas transmission lines, and the fabrication of bridges and buildings. Quenched and tempered plate can be used in products, such as military armor and hard rock mining equipment.

Tin Mill

Tin mill sheet steel is used to produce food and other containers. It is available as black plate, tin plate and tin-free steel. Black plate is an uncoated thin gauge cold-rolle

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