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LTV STEEL COMMENT ON INTERNATIONAL TRADE COMMISSION RULINGS

 CLEVELAND, July 27 /PRNewswire/ -- LTV Steel said that it was pleased with today's favorable ruling by the International Trade Commission (ITC) which upheld approximately half of the flat rolled steel industry's charges of unfair trading practices and injury. The company also was pleased that the ITC supported the company's contention that it and other U.S. flat rolled steel producers of corrosion resistant steel products had been injured by subsidized and dumped imported steel. About 30 percent of LTV Steel's sales revenues in the first half of 1993 were derived from electrogalvanized and hot dipped galvanized steel.
 The company was disappointed, however, that the ITC did not recognize that about two-thirds of foreign-made cold rolled steel had injured domestic producers. During the first half of 1993 cold rolled steel accounted for about 28 percent of LTV Steel revenues.
 The company also was disappointed by the ITC decision on hot rolled steel, particularly after the U.S. Department of Commerce had previously established average margins of 35 to 40 percent to address subsidies provided by foreign governments and to offset dumping of hot rolled steel in the U.S. market. Hot rolled steel made up about 20 percent of LTV's first half revenues.
 LTV's shipments of tin mill and tubular steel products were not affected by the ITC rulings. These steel products accounted for about 22 percent of LTV Steel's first half revenues. LTV Steel does not produce cut-to-length plate products, which were addressed in the ITC ruling.
 LTV said that it will continue to closely monitor the trading practices of foreign steel producers doing business in the United States while working with the appropriate government authorities to help enforce the decisions of the ITC. LTV will carefully review the official opinions of the ITC which will be issued on August 9, and will evaluate its options at that time.
 LTV is committed to fair and open competition in the global steel marketplace. The company has invested in modern, efficient equipment and is among the low cost producers in the U.S. market.
 -0- 7/27/93
 /CONTACT: M.R. Tomasch (media), 216-622-4635, or Eric W. Evans (analysts), 216-622-5680, both of LTV Steel/
 (QLTV)


CO: LTV Steel ST: Ohio IN: MNG SU:

BU-AR -- CL027 -- 6480 07/27/93 17:47 EDT
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Date:Jul 27, 1993
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