LTV Corp. to Sell Steel Tubular Products Division to Maverick Tube Corp.

Bankrupt steelmaker LTV Corp. has agreed to sell the assets of its LTV Steel Tubular Products business, Youngstown, Ohio, to Maverick Tube Corp. for approximately $110 million in cash.

LTV's Tubular Division, which employs about 430 people at five locations in Georgia, Tennessee, Ohio and Michigan, mainly produces and sells electrical conduit products for the U.S. market, where it has approximately a 35 percent market share. LTV Tubular also produces line pipe and standard pipe produc

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