LTV Records Charge of $139 Million Related to Trico Steel Investment

    CLEVELAND, March 30 The LTV Corporation
(OTC Bulletin Board: LTVCQ) today announced that as a result of events
subsequent to the closing of fiscal year 2000, the Company has recorded a
charge of $139 million related to the writedown of its investment in Trico
Steel Company L.L.C.  The charge is included in LTV's financial statements
filed as part of its Form 10-K Annual Report for 2000.  LTV holds a 50%
interest in Trico.  Trico recently ceased operations and filed for protection
under Chapter 11 of the U.S. Bankruptcy Code.  As a result of the Trico
writedown, LTV will no longer recognize its share of Trico's operating losses
beyond December 31, 2000.

    LTV also has recorded a charge in the fourth quarter of 2000 of
$10 million for uncollectable receivables due from two unrelated steel
processing companies that filed for bankruptcy in 2001.

    The Trico charge and receivables writedowns were not included in LTV's
March 6, 2001 fourth quarter financial press release.