LTV Corporation and United Steelworkers of America Leaders Meet to Continue Discussions

    CLEVELAND, May 29 The LTV Corporation
(OTC Bulletin Board:  LTVCQ) and the United Steelworkers of America announced
today that senior executives of the Company and senior officials of the Union
had met to discuss a number of important issues.
    The parties characterized the discussions as, "frank and constructive."
    They pledged to continue their discussions and reiterated their desire to
find a mutually acceptable approach that will allow the Company to restructure
itself in a manner that is fair to employees, retirees and creditors.
    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.

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