Exhibit 99

                           [LOGO OF BETHELHEM STEEL]

                                     Bethlehem Steel Corporation
                                     Corporate Communications Division
                                     Public Affairs Department
                                     1170 Eighth Avenue
                                     Bethlehem, PA 18016-7699
                                     (610) 694-3711 - Phone
                                     (610) 694-1509 - Fax
                                     Internet Homepage Address
                                     http://www.bethsteel.com




FOR IMMEDIATE RELEASE
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     Bethlehem Elects Steve Miller as Chairman and Chief Executive Officer

    BETHLEHEM, Pa., September 24, 2001 - Bethlehem Steel Corporation (NYSE:BS)
announced today the election of Robert S. "Steve" Miller, Jr. as chairman and
chief executive officer, and a director, effective immediately.  The positions
Mr. Miller is assuming were previously held by Duane R. Dunham who will
continue as president and chief operating officer, and a director, of the
company.

    By adding Mr. Miller, a widely recognized and experienced turnaround
expert, to the executive office, Mr. Dunham said that "we have bolstered our
senior management team with the kind of expertise only a few people familiar
with our industry could bring to the company.  Bethlehem is very fortunate to
have Steve on board to direct our strategy at this critical juncture in our
company's history."

    Mr. Miller joins the Bethlehem Steel executive team at a time when the
steel industry is suffering through a domestic steel market that has been
devastated by record-level imports over the last few years.  "Bethlehem, as
well as other companies in the industry have been struggling all year with a
weak economy and unfair foreign competition.  Recent national events have
greatly exacerbated the situation," Mr. Miller

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said.  "The solution to Bethlehem's problems will require hard work,
creativity, and some sacrifices on all sides," he added, emphasizing that "we
intend to intensify our efforts to work together with the steelworkers union
and government leaders to rebuild this great company to a position of
prosperity."

    The 59 year-old Stanford University and Harvard Law School graduate is well-
suited for his new position at Bethlehem. "Beginning with my experience in 1980
in the rescue of the Chrysler Corporation, I have seen firsthand the miracles
that can be accomplished when management, labor and government all come
together. I intend to see that happen here at Bethlehem," said Mr. Miller.

    Mr. Miller is well known in industry and the financial community for his
leading role as the chief negotiator with bank lenders and the government in
helping to rescue Chrysler in the early eighties. His 12 years at Chrysler,
where he served as a director, chief financial officer and later vice chairman,
were preceded by 11 years at Ford Motor Company. Mr. Miller has also served as
chief executive officer of Waste Management, Inc., the world's largest
environmental services company, and as chairman of the engineering and
construction company, Morrison Knudsen Corporation, during a financial crisis
and successfully concluded an innovative turn-around of that company. He will
continue as the non-executive chairman of the board of Federal Mogul
Corporation, a seven billion dollar auto parts maker based in Detroit.


    Bethlehem's board of directors indicated that under Mr. Miller's
leadership the Bethlehem senior management team has strengthened its skills and
is better positioned to address the challenges that lie ahead.

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    Mr.  Miller and his wife, Margaret, will be moving to the Bethlehem area
from their Oregon home.

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