International Steel announces Q4 results

International Steel announces Q4 results

As per the statement released from International Steel Group, the company recorded its net income as $24.9 million for the fourth quarter ended on December 31, 2003. Sales for the fourth quarter and full year are recorded as $1.4 billion and $4.1 billion respectively. The shipments in the aforementioned periods are recorded as 3.5 million tons and 10.4 million tons respectively. Moreover, the company expects its shipments to reach 14-15 million tons in 2004. The company recorded its operating income as $53.2 million in the fourth quarter against the loss of $15.7 million recorded in the third quarter.