Back to News ReleasesWCI STEEL, INC. RESPONSE TO MEDIA INQUIRY
WARREN, OHIO (April 16, 2008) – In response to media inquiries, WCI Steel, Inc. today indicated the fire reported on April 15 caused no property damage or any interruption to operations. The fire occurred at the blast furnace when a gas bleeder did not close properly.
There were no injuries. Local fire departments were called as a precaution. Firefighters remained on standby, but no fire department equipment was used.
WCI officials said the fire had no impact on production or customer shipments.
About WCI Steel, Inc.
WCI Steel’s strength is built on “Custom Steel. Custom Service. Creative Solutions.” As a niche-oriented integrated producer of value-added, custom steel products, WCI Steel emphasizes customer and technical service. WCI Steel currently produces 185 grades of flat-rolled custom and commodity steel products at its Warren, Ohio, facility. WCI Steel focuses on a wide range of custom flat-rolled steel products, including high carbon, alloy, ultra high strength, and heavy-gauge galvanized steel and on developing closer, more responsive relationships with customers. Major customers are steel converters, processors, service centers, construction product companies, and, to a lesser extent, automobile manufacturers.
Forward-Looking Statements Information contained in this release, other than historical information, should be considered “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. WCI Steel cautions that there are various important factors that could cause actual events to differ materially from those indicated in the forward-looking statements; accordingly, there can be no assurance that such indicated events will occur. Among such factors are: general economic and business conditions; demand for WCI Steel’s products; changes in liquidity, changes in industry capacity and levels of imports of steel or steel products; industry trends, including product pricing, competition; the loss of any significant customer; pricing and availability of raw materials and energy; power outages or curtailments; availability of qualified personnel; ability to train the existing workforce; plant operating performance; major equipment failures; the timing and costs associated with improving operations in the hot strip mill; the timing and completion of capital projects; changes in, or the failure or inability to comply with, government regulation, including, without limitation, environmental regulations; the outcome of legal matters and other risk factors. Except as required by law, WCI Steel does not assume any responsibility to update any forward-looking statements to reflect future developments or events.
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WCI Steel, Inc. Contact:
ANALYSTS: Cynthia B. Bezik, Vice President and CFO, 330-841-8301