International Steel completes Weirton Steel acquisition

Washington, May 18 - International Steel Group said it completed its acquisition of Weirton Steel Corp.'s assets. The purchase price was $253 million.

Weirton, which was the fifth-largest integrated steel producer in the United States, filed for protection under Chapter 11 on May 19, 2003.

International Steel and the steelworkers have already entered into a labor agreement that was ratified by 90% of the voting Independent Steelworkers Union members.

The Chapter 11 case number for Weirton, W.Va.-based Weirton is 03-01802.

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