EXHIBIT 99.2 CONSENT TO RELEASE OF COLLATERAL THIS CONSENT TO RELEASE OF COLLATERAL (this "Consent") is entered into as of January 16, 2002 among GENEVA STEEL LLC, a Delaware limited liability company ("Borrower"), each Lender signatory hereto (each,...Consent to Release of Collateral • January 22nd, 2002 • Geneva Steel Holdings Corp • Steel works, blast furnaces & rolling mills (coke ovens) • New York
