Bethlehem Steel Corporation
For Immediate Release

BETHLEHEM, Pa., June 18, 2001 -- Bethlehem Steel Corporation�s activities in e-Business have resulted in the corporation being named one of the nation�s top 100 firms by InternetWeek 100.

Bethlehem, which competed in the general manufacturing category, was selected from a field of more than 350 firms that were nominated for their leadership in adopting internet-based technologies. The InternetWeek 100 ranking is based on rigorous, performance-oriented metrics that are evaluated over two months.

�At Bethlehem, we view e-Business as a comprehensive approach that looks inside and outside of our organization to create valuable relationships,� said Duane R. Dunham, Bethlehem�s chairman, president and chief executive officer. �E-business is an enabler of operational excellence and the production, sales and distribution of steel products, services and solutions,� he said.

Art Pfenning, director of editorial research for InternetWeek, said that Bethlehem�s selection to the InternetWeek 100 �through quantifiable research and analysis is a major accomplishment. It validates Bethlehem as a successful e-Business � a leader in business transformation.�

During the past two years, Bethlehem has been expanding its use of internet-based technologies to improve the speed and efficiency of manufacturing, commercial, purchasing and administrative processes. Bethlehem has also made equity investments in selected e-Business companies that help facilitate the sale of steel products.

CMP Media�s InternetWeek (www.internetweek.com) is the news and analysis source for 275,000 IT and corporate managers applying Internet technologies and strategies to transform their businesses. With a history of innovation and thought leadership, InternetWeek is the only newspaper with an Internet/IT editorial focus � meeting the informational needs of e-Business stakeholders charged with delivering results and driving business to survive in today�s competitive marketplace.

Bethlehem Steel Corporation (NYSE:BS, www.bethsteel.com) is the nation�s second largest integrated steel producer with revenues of about $4 billion and raw steel production of about 10 million tons. Its more than 13,000 employees work primarily in three major divisions � Burns Harbor, Ind.; Sparrows Point, Md. (with plate mills in Coatesville and Conshohocken, Pa.) and Pennsylvania Steel Technologies, Steelton, Pa., -- and at its corporate headquarters in Bethlehem Pa. #

For more information contact Bethlehem Steel Media Relations at: 610-694-3711 (phone) 610-694-1509 (fax)

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