Our Stockholders:
Profitability and value

Bethlehem is supported by its stockholders who seek a return on their investments resulting from the company's performance and reliability. The company's overall objective is to increase stockholder value. Sparrows Point's beacon of light should also represent reliability and a safe harbor for our stockholders.

The division is committed to sustained profitability and rates of return that will help Bethlehem increase value for stockholders. To do this, our employees are focusing on customers, quality, safety, and meeting our business plan objectives.

Since becoming an individual business unit responsible for production, marketing, sales and financial performance, our division has made significant progress in its competitiveness and profitability. We intend to further improve stockholder value by carrying out a well-developed financial strategy.

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�1999, Bethlehem Steel Corporation