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Bethlehem Discusses Venture to Produce Steel Tubes

Bethlehem Steel Corporation
For Immediate Release

BETHLEHEM, Pa., November 23, 1999 -- In response to media queries on an announcement earlier of a joint venture between Bethlehem Steel Corporation and Novamerican Steel of Montreal, the following was issued:

"Bethlehem Steel Corporation confirmed today that it is in discussions to form a joint venture with Novamerican Steel to produce steel tubes for use in hydroforming automobile and truck parts. The formation of this venture, to be called BethNova Tube, is subject to final documentation and approval of the Boards of Directors of the partners."
   
 
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