LTV to Sell VP Buildings Unit to Grupo IMSA

    CLEVELAND, Aug. 21 The LTV Corporation
(OTC Bulletin Board: LTVCQ) today announced that it has selected Grupo IMSA SA
deCV as the successful bidder for all of the assets of VP Buildings, Inc. and
certain related VP Buildings subsidiaries.  VP Buildings is the nation's
second largest manufacturer of pre-engineered steel buildings for low-rise
commercial applications.  It operates 11 facilities in North America and has
an interest in three joint venture plants in Latin America.  Revenues for 2000
were approximately $400 million.  The company employs about 2,300 people in
the United States.
    The purchase price was $102 million plus the assumption of certain
liabilities.
    "The sale of VP Buildings will provide LTV with additional financial
resources and is an important step in our restructuring effort," said John D.
Turner, executive vice president and chief operating officer.  Mr. Turner said
that VP Buildings had grown appreciably since being acquired by LTV in 1997
and that he expected the company to continue its pattern of success under the
ownership of IMSA.
    The LTV Corporation is currently operating under protection of chapter 11
of the U.S. Bankruptcy Code.  Completion of the sale is subject to regulatory
and bankruptcy court approvals.  A hearing on the transaction is scheduled in
U.S. bankruptcy court on August 29.
    Grupo IMSA, a holding company, was founded in 1936 and is today one of
Mexico's leading diversified industrial companies. The Group operates in four
core businesses: steel processed products; automotive batteries and related
products; aluminum and other related products; and steel and plastic
construction products. With manufacturing facilities in Mexico, the United
States and throughout Central and South America, Grupo IMSA currently exports
to all five continents. In 2000 Grupo IMSA's sales reached US$2.2 billion, of
which close to 45% was generated outside Mexico. Grupo IMSA shares trade on
the Mexican Stock Exchange (IMSA) and, in the United States, on the NYSE
(IMY).
    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.
    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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