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Bethlehem Steel Secures Long-Term Contract with GM

5 March 1999

Bethlehem Steel Secures Long-Term Contract with GM; Earns GM Supplier Award for Fourth Consecutive Year

    BETHLEHEM, Pa., March 4 -- In response to media inquiries
concerning Bethlehem Steel Corporation's long term steel contract
with General Motors , the following statement is attributable to
Curtis H. Barnette, chairman and chief executive officer of Bethlehem:
    "Bethlehem is very pleased to participate in GM's global steel sourcing
program.  Because of Bethlehem's policy to not discuss the specific details of
its relationships with any of its customers, we will not be able to comment on
the length of the contract, its value or other terms.  We have, however, had
multi-year contracts in the past with GM.
    "Bethlehem's successful participation in the GM global steel sourcing
program is based on our ability to provide products that meet GM's
requirements in terms of quality, service, price and technology.  There are
many benefits to our participating in this program.
    "Bethlehem can plan its production over a longer period of time.  A
consistent load on our facilities helps us with our short term business
planning and longer term in our strategic planning.  With longer agreements
Bethlehem can focus on the applications of new technology to enhance product
performance and customer cost effectiveness as well as to improve its product
mix to better serve our customers.
    "Bethlehem has the largest and most technologically advanced research,
development and technical support staff in North America, and has effectively
maintained a close technical relationship with its customers.  We have
partnered to improve the quality and performance of our steel for GM.
    "Bethlehem's consistent and excellent performance with GM has earned us a
GM Supplier of the Year award for the fourth consecutive year.
    "Bethlehem is pursuing long-term contracts with other customers as well as
with our own key suppliers."