EXHIBIT 10.2
[WEIRTON STEEL CORPORATION LOGO] XXXXXX X. XXXXX, XX.
Manager - Raw Materials & Energy
Phone: (000) 000-0000
Fax: (000) 000-0000
e-mail: xxx.xxxxx@xxxxxxx.xxx
January 31, 2003
Xx. Xxxxxxx X. Xxxxxxx
United States Steel Corporation
000 Xxxxx Xxxxxx
Xxxxxxxxxx, XX 00000-0000
RE: AMENDMENT NO. 1 TO THE MOU - COKE SUPPLY AGREEMENT GENERAL TERMS AND
CONDITIONS DATED MARCH 1, 2002 ("MOU")
Dear Xxxx:
United States Steel Corporation ("U.S. Steel") and Weirton Steel Corporation
("Weirton") hereby amend the subject MOU as set forth below, to be effective
January 1, 2003.
1. The entire section of the MOU that is titled "Calendar Year 2003 and
2004" including the three numbered paragraphs that are titled "Base Volume,"
"Base Volume Price" and "Incremental Volume," are hereby deleted and replaced
with the following:
CALENDAR YEAR 2003
(1) Volume
750,000 natural net tons of screened metallurgical blast furnace
coke ("Coke") for the calendar year, +/- 5% (pro rata per calendar
quarter), with deliveries to be made throughout the year in
installments at as uniform a rate as practicable, unless otherwise
mutually agreed.
(2) Price
REDACTED
CALENDAR YEAR 2004
(1) Volume
850,000 natural net tons of Coke for the calendar year, +/- 10%
(pro rata per calendar quarter), with deliveries to be made
throughout the year in installments at as uniform a rate as
practicable, unless otherwise mutually agreed.
WEIRTON STEEL CORPORATION/000 XXXXX XXXXXXX XXXXX/XXXXXXX,
XXXX XXXXXXXX 00000-0000 PHONE (000) 000-0000/xxx.xxxxxxx.xxx
Xx. Xxxxxxx X. Xxxxxxx
Re: Amendment No. 1 to MOU
January 31, 2003
(2) Price
The price per net ton for the year, FOB loaded railcar at Clairton
Works, for the year 2004 will be based on a Market Price to be
determined during October 2003 in the same manner as specified in
Articles VI.B. and VI.C. of the expired agreement (as defined in
the MOU) which provisions are expressly incorporated herein by
this reference, unless otherwise mutually agreed in writing by the
parties.
II. REDACTED
III. Except as set forth above, all other terms and conditions in the
MOU are and shall remain in fill effect.
Please acknowledge your acceptance of this Amendment No. 1 by signing this
letter and returning a copy to me. For the sake of expediency, this amendment
may be executed in counterparts, each of which shall be deemed an original, but
all of which together shall constitute a single instrument, and the counterparts
may be signed and then delivered by telefacsimile, with the signed original to
promptly follow by first class mail or overnight service.
Very truly yours,
/s/ XXXXXX X. XXXXX, XX.
--------------------------------
Xxxxxx X. Xxxxx, Xx.
Manager - Raw Materials & Energy
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Xx. Xxxxxxx X. Xxxxxxx
Re: Amendment No. 1 to MOU
January 31, 2003
ACCEPTED THIS 31 day of January, 2003
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UNITED STATES STEEL CORPORATION
By: /s/ XXXXXXX X. XXXXXXX
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Xxxxxxx X. Xxxxxxx
Director - Raw Material Planning,
Procurement, Distribution & Sales
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