LTV Completes Sale of Tin Mill Products Business to U.S. Steel

    CLEVELAND, March 1 The LTV Corporation
(OTC Bulletin Board: LTVCQ) today announced that it has completed the sale of
its Tin Mill Products Business to the U. S. Steel Group of USX Corporation.
    The sale of the Tin Mill Products business will benefit LTV through U.S.
Steel's assumption of liabilities valued at about $80 million.  The
liabilities are related primarily to tin mill employee obligations.  LTV also
has entered into a five-year contract to supply 2.25 million tons of steel to
U.S. Steel's tin mill operations.
    The LTV Corporation is a manufacturing company with interests in steel and
metal fabrication.  LTV's Integrated Steel segment is a leading producer of
high-quality, value-added flat rolled steel, and a major supplier to the
transportation, appliance, electrical equipment and service center industries.
LTV's Metal Fabrication segment consists of LTV Copperweld, the largest
producer of tubular and bimetallic products in North America and VP Buildings,
a leading producer of pre-engineered metal buildings for low-rise commercial
applications.
    This press release includes forward-looking statements.  Our uses of the
words "outlook", "anticipates," "believes," "estimate," "expect" and similar
words are intended to identify these statements as forward looking.   These
statements represent our current judgement on what the future holds.  While
the Company believes them to be reasonable, a number of important factors
could cause actual results to differ materially from those projected.  These
factors include relatively small changes in market price or market demand;
changes in domestic capacity; changes in raw material costs; increased
operating costs; loss of business from major customers, especially for high
value-added product; availability of post petition financing; negative market
and credit impact from the Chapter 11 filing; unanticipated expenses;
substantial changes in financial markets; labor unrest; unfair foreign
competition; major equipment failure; unanticipated results in pending legal
proceedings; difficulties in implementing information technology; and other
factors.