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LTV STEEL UNVEILS NEW $312 MILLION CASTING/ROLLING COMPLEX -- ONLY SUCH FACILITY IN NORTH AMERICA

 CLEVELAND, Dec. 7 /PRNewswire/ -- LTV Steel today dedicated a unique steel refining, casting and hot rolling complex at its Cleveland Works -- North America's largest flat rolled steel production facility. Designed to provide up to 2 million tons per year of flat rolled steel to service centers, pipe and tube converters, construction products and other markets, the $312 million Direct Hot Charge Complex (DHCC) will achieve maximum productivity with the quality advantages of an integrated steel facility. In addition, the complex will enable LTV Steel to produce all of its steel by the continuous casting process reducing annual costs by $100 million. The new complex employs 700 people.
 "The Direct Hot Charge Complex is the latest step in LTV's strategy of producing the highest quality steel products at the lowest possible cost," said David H. Hoag, chairman and chief executive officer of The LTV Corporation (NYSE: LTV). "The DHCC will enable LTV Steel to compete successfully with flat rolled minimills in productivity, while surpassing them in quality and product range."
 J. Peter Kelly, LTV Steel's president and chief operating officer, said, "Our customers are demanding the kind of quality that can only be achieved through continuous casting. With the DHCC, we can now satisfy that need and achieve the productivity levels associated with a continuous process. This new facility, located in the geographic center of our primary markets, gives us a distinct competitive advantage in the large Midwest hot rolled market."
 Kelly added, "LTV's investment in the DHCC preserved 2,200 manufacturing jobs at the Cleveland Works. Without the DHCC, the entire west side of the Cleveland Works would have been closed permanently. The new work system developed by LTV, its employees and the United Steelworkers of America will enable the facility to realize the full potential of this large investment, and will serve as a model for other units in the company."
 "Today's start-up of LTV Steel's new continuous caster and steel rolling operation signifies another major step forward by the Cleveland steel producer," said Mayor Michael R. White. "LTV Steel's commitment to modernize its facilities with state-of-the-art equipment strengthens its competitiveness on a global scale, ensures jobs for our people here at home, and guarantees the company's corporate presence in Cleveland's future."
 FACILITIES
 The Direct Hot Charge Complex consists of a new continuous slab caster, ladle metallurgy facility and associated computer-controlled robotic chemistry lab, as well as a new walking beam furnace. Extensive improvements were also made to the existing basic oxygen furnace shop and 80-inch hot strip mill. The new, computer-controlled facilities were integrated into the existing Cleveland Works infrastructure.
 With the completion of the DHCC, LTV Steel becomes a 100 percent continuous-cast producer, eliminating the more costly, time-consuming and energy-intensive process of ingot-casting from all of its facilities. LTV Steel poured its last ingot on Nov. 27. The DHCC transfers liquid steel into a hot rolled coil of steel in a continuous process, eliminating the need to reheat slabs before rolling.
 PROCESS
 The DHCC production process begins when 220 tons of molten steel are tapped from the basic oxygen furnace into a refractory-lined ladle. A minimum of 10 chemistry checks are made of the "heat" of steel, which is adjusted for temperature and alloy composition at the ladle metallurgy facility. The steel then enters the continuous-casting machine, where it is transformed into two solid slabs of steel in a single, continuous operation at rates of up to five feet per minute. The 9-inch thick slabs ranging from 24 to 63 inches in width, pass through a series of water-cooled rollers before being cut to length by automated gas flame torches. The hot slabs are then placed in a walking beam furnace prior to rolling in the hot strip mill.
 LTV Steel completed construction of the innovative DHCC project in just 22 months, three months ahead of schedule.
 LTV Steel is the nation's third-largest steelmaker and a leader in the production of high-quality engineered steel products for demanding applications. The company is a wholly owned subsidiary of The LTV Corporation, a diversified manufacturing company also involved in the manufacture and sale of oilfield equipment and supplies.
 -0- 12/7/93
 /CONTACT: Mark R. Tomasch of The LTV Corporation, 216-622-4635; Paul G. Engel of Dix & Eaton Incorporated, 216-241-0405, for The LTV Corporation; or Joe Skrabec of the City of Cleveland, 216-664-4529/
 (LTV)


CO: The LTV Corporation ST: Ohio IN: MNG SU:

KL-DA -- CL002 -- 1189 12/07/93 10:03 EST
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Date:Dec 7, 1993
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