Document:

<PAGE>
                                                                    Exhibit 4.15

          AMENDED AND RESTATED CREDIT LINE DEED OF TRUST (TANDEM MILL)
                         (Hancock County, West Virginia)
             THIS INSTRUMENT SECURES AN OBLIGATION THAT MAY INCREASE
                         AND DECREASE FROM TIME TO TIME

                  THIS AMENDED AND RESTATED CREDIT LINE DEED OF TRUST ("DEED OF
TRUST"), made as of June 18, 2002, is made and executed by WEIRTON STEEL
CORPORATION, a Delaware corporation ("GRANTOR"), having its principal offices at
400 Three Springs Drive, Weirton, West Virginia 26062, MARY CLARE EROS, being a
resident of Jefferson County, West Virginia, as Trustee ("TRUSTEE"), having a
mailing address as 217 West Burke Street, Martinsburg, West Virginia 25401, for
the benefit of FLEET CAPITAL CORPORATION ("FLEET"), a Rhode Island corporation
with an office at One South Wacker Drive, Suite 1400, Chicago, Illinois 60606,
as agent (Fleet in its capacity as agent being hereinafter referred to as
"AGENT") for Lenders (as "LENDERS" is defined in the Loan and Security Agreement
referred to below).

                                    RECITALS

                  I. Pursuant to the terms of a certain Amended and Restated
Loan and Security Agreement of even date herewith (said Amended and Restated
Loan and Security Agreement, together with all amendments, supplements,
modifications and replacements thereof, being hereinafter referred to as the
"LOAN AGREEMENT") by and between Fleet, as a Lender and as Agent for all
Lenders, Foothill Capital Corporation, as a Lender and as Syndication Agent, The
CIT Group/Business Credit, Inc., as a Lender and as a Documentation Agent, GMAC
Business Credit, LLC, as a Lender and as a Documentation Agent, and such other
Lenders as are or may become party to the Loan Agreement and Grantor, Agent and
Lenders have agreed to make loans to Grantor and extend other financial
accommodations to Grantor in an aggregate principal amount of $200,000,000
(collectively, the "LOANS"). The Loans consist of revolving loans, evidenced by
one or more notes in the aggregate principal amount of $200,000,000 (said notes,
together with all amendments, supplements, modifications and full or partial
replacements thereof, being hereinafter referred to as the "NOTES"), having a
maturity date of March 31, 2004. A schedule of the Notes is attached hereto as
SCHEDULE 1. The terms and provisions of the Notes and the Loan Agreement are
hereby incorporated by reference in this Deed of Trust. The rate or rates of
interest payable under the Loan Agreement may vary from time to time.

                  II. THIS IS A CREDIT LINE DEED OF TRUST FOR THE PURPOSES OF
W.VA. CODE SECTION 38-1-14 AND SECURES A MAXIMUM AMOUNT NOT TO EXCEED
$200,000,000, and this Deed of Trust is also security for the payment of
interest on the Loans and for the payment of taxes, insurance premiums and other
obligations, including interest thereon, undertaken by Agent and/or Lenders
pursuant to the provisions of this Deed of Trust or the Loan Agreement or by
Trustees under this Deed of Trust. This Deed of Trust secures future advances
that are intended to be obligatory which Agent and/or Lenders have agreed

<PAGE>

to make in accordance with the provisions of the Loan Agreement and therefore
the principal amount secured hereby may increase or decrease from time to time.

                  III. This Deed of Trust amends, restates and supersedes, in
its entirety, that certain Deed of Trust dated as of October 26, 2001 and
recorded with the Clerk of the County Commission of Hancock County, West
Virginia in Trust Deed Book 428, Page 167.

                                GRANTING CLAUSES

                  To secure the payment of the indebtedness evidenced by the
Notes and the performance and observance of all covenants and conditions
contained in this Deed of Trust, the Notes, the Loan Agreement, and any other
documents and instruments now or hereafter executed by Grantor to evidence,
secure or guarantee the payment of all or any portion of the indebtedness under
the Notes, the Loan Agreement and any and all renewals, extensions, amendments
and replacements of this Deed of Trust, the Notes, the Loan Agreement and any
such other documents and instruments (the Notes, the Loan Agreement, this Deed
of Trust, and any other documents and instruments now or hereafter executed and
delivered in connection with the Loans, and any and all amendments, renewals,
extensions and replacements hereof and thereof, being sometimes referred to
collectively as the "LOAN INSTRUMENTS") (all indebtedness and liabilities
secured hereby being hereinafter sometimes referred to as "BORROWER'S
LIABILITIES") and in consideration of the indebtedness and trusts hereinafter
set forth and of the sum of $10, Grantor does hereby assign, grant and convey
unto Trustee, in trust with the power of sale, the following described property
and, with respect to that portion of the following described property which is
personal property, unto Trustee and Agent, subject to the terms and conditions
herein:

                  (A) The land located in Hancock County, West Virginia, legally
described in attached EXHIBIT A ("LAND");

                  (B) All the buildings, structures, improvements and fixtures
of every kind or nature now or hereafter situated on the Land and all machinery,
appliances, equipment, furniture and all other personal property of every kind
or nature which constitute fixtures with respect to the Land, together with all
extensions, additions, improvements, substitutions and replacements of the
foregoing ("IMPROVEMENTS");

                  (C) All easements, tenements, rights-of-way, vaults, gores of
land, streets, ways, alleys, passages, sewer rights, water courses, water rights
and powers and appurtenances in any way belonging, relating or appertaining to
any of the Land or Improvements, or which hereafter shall in any way belong,
relate or be appurtenant thereto, whether now owned or hereafter acquired
("APPURTENANCES");

                  (D) (i) All judgments, insurance proceeds, awards of damages
and settlements which may result from any damage to all or any portion of the
Land, Improvements or Appurtenances or any part thereof or to any rights
appurtenant thereto;

                                      -2-
<PAGE>

                  (ii) All compensation, awards, damages, claims, rights of
action and proceeds of or on account of (a) any damage or taking, pursuant to
the power of eminent domain, of the Land, Improvements or Appurtenances or any
part thereof, (b) damage to all or any portion of the Land, Improvements or
Appurtenances by reason of the taking, pursuant to the power of eminent domain,
of all or any portion of the Land, Improvements, Appurtenances or of other
property, or (c) the alteration of the grade of any street or highway on or
about the Land, Improvements, Appurtenances or any part thereof; and, except as
otherwise provided herein, Agent is hereby authorized to collect and receive
said awards and proceeds and to give proper receipts and acquittances therefor
and, except as otherwise provided herein, to apply the same toward the payment
of the indebtedness and other sums secured hereby; and

                  (iii) All proceeds, products, replacements, additions,
substitutions, renewals and accessions of and to the Land, Improvements or
Appurtenances;

                  (E) All rents, issues, profits, income and other benefits now
or hereafter arising from or in respect of the Land, Improvements or
Appurtenances (the "RENTS"); it being intended that this Granting Clause shall
constitute an absolute and present assignment of the Rents, subject, however, to
the revocable license given to Grantor to collect and use the Rents as provided
in this Deed of Trust;

                  (F) Any and all leases, licenses and other occupancy
agreements now or hereafter affecting the Land, Improvements or Appurtenances,
together with all security therefor and guaranties thereof and all monies
payable thereunder, and all books and records owned by Grantor which contain
evidence of payments made under the leases and all security given therefor
(collectively, the "LEASES"), subject, however, to the revocable license given
in this Deed of Trust to Grantor to collect the Rents arising under the Leases
as provided in this Deed of Trust;

                  (G) Any and all after-acquired right, title or interest of
Grantor in and to any of the property described in the preceding Granting
Clauses; and

                  (H) The proceeds from the sale, transfer, pledge or other
disposition of any or all of the property described in the preceding Granting
Clauses;

                  Notwithstanding anything to the contrary contained herein, in
no event shall the Property include, nor shall Grantor be deemed to have
granted, assigned or conveyed any interest hereunder in, the Project Assets or
any property arising from, or as a result of the disposition of, any of the
Project Assets. As used herein, "PROJECT ASSETS" shall mean all of the pollution
control equipment (as equipment is defined in the Uniform Commercial Code of the
State of West Virginia ("UCC")) and fixtures (as defined in the UCC) located at
Grantor's Weirton, West Virginia steel making facility, the purchase and/or
installation of which were financed or refinanced with the proceeds of the City
of Weirton, West Virginia's Pollution Control Revenue Refunding Bonds (Weirton
Steel Corporation Project) Series 1989 issued by the City of Weirton, West
Virginia.

                                      -3-
<PAGE>

                  All of the Property described in the Granting Clauses is
sometimes referred to collectively as the "PROPERTY." The Rents and Leases are
pledged on a parity with the Land and Improvements and not secondarily.

                  TO HAVE AND TO HOLD the Property unto Trustee and its
successors in trust forever.

                  IN TRUST NEVERTHELESS, to secure payment of Borrower's
Liabilities.

                                   ARTICLE ONE
                             COVENANTS OF MORTGAGOR

                  Grantor covenants and agrees with Agent as follows:

                  1.1. PERFORMANCE UNDER LOAN AGREEMENT, NOTES, DEED OF TRUST
AND OTHER LOAN INSTRUMENTS. Grantor shall perform, observe and comply with or
cause to be performed, observed and complied with in a complete and timely
manner all provisions hereof, of the Loan Agreement and of the Notes, every
other Loan Instrument and every instrument evidencing or securing Borrower's
Liabilities.

                  1.2. GENERAL COVENANTS AND REPRESENTATIONS. Grantor covenants,
represents and warrants that as of the date hereof and at all times thereafter
during the term hereof: (a) Grantor is seized of an indefeasible estate in fee
simple in that portion of the Property which is real property, and has good and
absolute title to it and the balance of the Property free and clear of all
liens, security interests, charges and encumbrances whatsoever, except those set
forth on Schedule B of the loan policy of title insurance accepted by Agent
insuring the lien of this Deed of Trust permitted by Agent (such liens, security
interests, charges and encumbrances being hereinafter referred to as the
"PERMITTED ENCUMBRANCES"), which Permitted Encumbrances shall include Permitted
Liens (as defined in the Loan Agreement) and the licenses, covenants,
restrictions, easements and rights of way granted from time to time by Grantor
for utilities, pipelines, egress and ingress servicing or benefiting the
Property and/or other property owned, leased or occupied by Grantor, any
affiliate of Grantor, or any successor or assignee of Grantor or any affiliate
of Grantor, under that certain Master Declaration of Easements, Covenants and
Restrictions for Weirton, West Virginia Plant Site dated as of October 25, 2001;
as amended under that certain First Amendment to Master Declaration of
Easements, Covenants and Restrictions for Weirton, West Virginia Plant Site
dated as of October 26, 2001, and as further amended under that certain Second
Amendment to Master Declaration of Easements, Covenants and Restrictions for
Weirton, West Virginia Plant Site dated as of May 14, 2002; and (b) Grantor will
maintain and preserve the lien of this Deed of Trust as a first and paramount
lien on the Property, subject only to the Permitted Encumbrances (except that
this Deed of Trust shall not be subject to any items shown on a schedule of
subordinate items contained in said loan policy), until Borrower's Liabilities
have been paid in full and all obligations of Agent and Lenders under the Loan
Agreement have been terminated.

                                      -4-
<PAGE>

                  1.3. COMPLIANCE WITH LAWS AND OTHER RESTRICTIONS. Grantor
covenants and represents that the Land and the Improvements and the use thereof
presently comply with, and, to the extent required by the Loan Agreement, will
continue to comply with, all applicable restrictive covenants, zoning and
subdivision ordinances and building codes, licenses, health and environmental
laws and regulations and all other applicable laws, ordinances, rules and
regulations.

                  1.4. TAXES AND OTHER CHARGES.

                  1.4.1. TAXES AND ASSESSMENTS. Grantor shall pay promptly when
due all taxes, assessments, rates, dues, charges, fees, levies, fines,
impositions, liabilities, obligations, liens and encumbrances of every kind and
nature whatsoever now or hereafter imposed, levied or assessed upon or against
the Property or any part thereof, or upon or against this Deed of Trust or
Borrower's Liabilities; provided, however, that Grantor may in good faith
contest the validity, applicability or amount of any tax, assessment or other
charge, if Grantor complies with any provisions which may be set forth in the
Loan Agreement regarding the contest of taxes.

                  1.4.2. TAXES AFFECTING INTEREST OF AGENT AND LENDERS. If any
state, federal, municipal or other governmental law, order, rule or regulation,
which becomes effective subsequent to the date hereof, in any manner changes or
modifies existing laws governing the taxation of mortgages or deeds of trust or
debts secured by mortgages or deeds of trust, or the manner of collecting taxes,
so as to impose on Agent or Lenders a tax by reason of its ownership of any or
all of the Loan Instruments or measured by the principal amount of Borrower's
Liabilities, requires or has the practical effect of requiring Agent or Lenders
to pay any portion of the real estate taxes levied in respect of the Property or
to pay any tax levied in whole or in part in substitution for real estate taxes
or otherwise affects materially and adversely the rights of Agent or Lenders in
respect of Borrower's Liabilities, this Deed of Trust or the other Loan
Instruments, Borrower's Liabilities and all interest accrued thereon shall, upon
thirty (30) days' notice, become due and payable forthwith at the option of
Agent, whether or not there shall have occurred an Event of Default, provided,
however, that, if Grantor may, without violating or causing a violation of such
law, order, rule or regulation, pay such taxes or other sums as are necessary to
eliminate such adverse effect upon the rights of Agent and Lenders and does pay
such taxes or other sums when due, Agent may not elect to declare due Borrower's
Liabilities by reason of the provisions of this Section 1.4.2.

                  1.5. MECHANIC'S AND OTHER LIENS. Grantor shall not permit or
suffer any mechanic's, laborer's, materialman's, statutory or other lien or
encumbrance (other than Permitted Liens and any lien for taxes and assessments
not yet due) to be created upon or against the Property; provided, however, that
Grantor may in good faith, by appropriate proceedings, contest the validity,
applicability or amount of any asserted lien, if Grantor complies with any
provisions which may be set forth in the Loan Agreement regarding the contest of
liens.

                                      -5-
<PAGE>

                  1.6. INSURANCE AND CONDEMNATION.

                  1.6.1. INSURANCE POLICIES. Grantor shall, at its sole expense,
obtain for, deliver to and maintain for the benefit of Agent and list Agent as
loss payee and additional insured, as its interest may appear, until Borrower's
Liabilities are paid in full, such policies of insurance as are required by the
Loan Agreement.

                  1.6.2. ADJUSTMENT OF LOSS; APPLICATION OF PROCEEDS. Except as
otherwise may be provided by the Loan Agreement, Agent is hereby authorized and
empowered, at its option, to adjust or compromise any loss under any insurance
policies covering the Property and to collect and receive the proceeds from any
such policy or policies. Grantor hereby irrevocably appoints Agent as its
attorney-in-fact for the purposes set forth in the preceding sentence. The
entire amount of such proceeds, awards or compensation shall be applied as
provided in the Loan Agreement.

                  1.6.3. CONDEMNATION AWARDS. Agent shall be entitled to all
compensation, awards, damages, claims, rights of action and proceeds of, or on
account of, (i) any damage or taking, pursuant to the power of eminent domain,
of the Property or any part thereof, (ii) damage to the Property by reason of
the taking, pursuant to the power of eminent domain, of other property, or (iii)
the alteration of the grade of any street or highway on or about the Property.
Agent is hereby authorized, at its option, to commence, appear in and prosecute
in its own or Grantor's name any action or proceeding relating to any such
compensation, awards, damages, claims, rights of action and proceeds and to
settle or compromise any claim in connection therewith. Grantor hereby
irrevocably appoints Agent as its attorney-in-fact for the purposes set forth in
the preceding sentence. In the event that Grantor acquires any real estate to
replace all or any portion of the Property which became subject to any such
action or proceeding, Grantor shall execute and deliver to Agent a deed of trust
of such replacement property, which deed of trust shall be in substantially the
same form as this Deed of Trust, and Grantor shall deliver to Agent a survey and
a title insurance policy and such other items in connection with such
replacement property as Agent may require, all in form and substance
satisfactory to Agent.

                  1.6.4. OBLIGATION TO REPAIR. If all or any part of the
Property shall be damaged or destroyed by fire or other casualty or shall be
damaged or taken through the exercise of the power of eminent domain or other
cause described in Section 1.6.3, Grantor shall promptly and with all due
diligence restore and repair the Property whether or not the proceeds, award or
other compensation are made available to Grantor or are sufficient to pay the
cost of such restoration or repair.

                  1.7. AGENT MAY PAY; DEFAULT RATE. Upon Grantor's failure to
pay any amount required to be paid by Grantor under any provision of this Deed
of Trust, Agent may pay the same. Grantor shall pay to Agent on demand the
amount so paid by Agent together with interest at a rate equal to the highest
rate payable under the Loan Agreement after the occurrence of an "Event of
Default" as such term is defined in the Loan Agreement (the

                                      -6-
<PAGE>

"DEFAULT RATE") and the amount so paid by Agent, together with interest, shall
be added to Borrower's Liabilities.

                  1.8. CARE OF THE PROPERTY. Grantor shall preserve and maintain
the Property in good operating condition. Grantor shall not, without the prior
written consent of Agent, permit, commit or suffer any waste, impairment or
deterioration of the Property or of any part thereof. Except to the extent that
capital expenditures are permitted by the Loan Agreement, no new improvements
shall be constructed on the Property and no part of the Property shall be
altered in any material manner without the prior written consent of Agent.

                  1.9. TRANSFER OR ENCUMBRANCE OF THE PROPERTY. Except as
permitted by the Loan Agreement, Grantor shall not permit or suffer to occur any
sale, assignment, conveyance, transfer, mortgage, lease or encumbrance of the
Property, any part thereof, or any interest therein, without the prior written
consent of Agent having been obtained.

                  1.10. FURTHER ASSURANCES. At any time and from time to time,
upon Agent's request, Grantor shall make, execute and deliver, or cause to be
made, executed and delivered, to Agent, and where appropriate shall cause to be
recorded, registered or filed, and from time to time thereafter to be
re-recorded, re-registered and refiled at such time and in such offices and
places as shall be deemed desirable by Agent, any and all such further
mortgages, security agreements, financing statements, instruments of further
assurance, certificates and other documents as Agent may consider reasonably
necessary in order to effectuate or perfect, or to continue and preserve the
obligations under, this Deed of Trust.

                  1.11. ASSIGNMENT OF RENTS. The assignment of rents, income and
other benefits contained in Section (E) of the Granting Clauses of this Deed of
Trust shall be fully operative without any further action on the part of either
party, and, specifically, Agent shall be entitled, at its option, upon the
occurrence of an Event of Default hereunder, to all rents, income and other
benefits from the Property, whether or not Agent takes possession of such
property. Such assignment and grant shall continue in effect until Borrower's
Liabilities are paid in full and all obligations of Agent and Lenders under the
Loan Agreement have been terminated, the execution of this Deed of Trust
constituting and evidencing the irrevocable consent of Grantor to the entry upon
and taking possession of the Property by Agent pursuant to such grant, whether
or not foreclosure proceedings have been instituted. Notwithstanding the
foregoing, so long as no Event of Default has occurred, Grantor shall have a
revocable license to continue to collect the rents, income and other benefits
from the Property as they become due and payable but not more than thirty (30)
days prior to the due date thereof.

                  1.12. AFTER-ACQUIRED PROPERTY. To the extent permitted by, and
subject to, applicable law, the lien of this Deed of Trust shall automatically
attach, without further act, to all property hereafter acquired by Grantor
located in or on, or attached to, or used or intended to be used in connection
with, or with the operation of, the Property or any part thereof.

                  1.13. LEASES AFFECTING PROPERTY. Grantor shall comply with and
perform in a complete and timely manner all of its obligations as landlord under
all leases affecting the

                                      -7-
<PAGE>

Property or any part thereof. The assignment contained in Sections (E) and (F)
of the Granting Clauses shall not be deemed to impose upon Agent any of the
obligations or duties of the landlord or Grantor provided in any lease.

                  1.14. MANAGEMENT OF PROPERTY. Grantor shall cause the Property
to be managed at all times in accordance with sound business practice.

                  1.15. EXECUTION OF LEASES. Grantor shall not permit any leases
to be made of the Property, or to be modified, terminated, extended or renewed,
without the prior written consent of Agent.

                  1.16. EXPENSES. In the event of foreclosure hereof, Agent
shall be entitled to add to Borrower's Liabilities its reasonable expenses
related thereto.

                  1.17. ENVIRONMENTAL CONDITIONS.

                  (a) Except as disclosed by letter dated June 18, 2002 to the
         Agent from Grantor, Grantor covenants, warrants and represents that
         there are no, nor will there, for so long as any of Borrower's
         Liabilities remain outstanding, be, any Hazardous Materials (as
         hereinafter defined) generated, released, stored, buried or deposited
         over, beneath, in or upon the Property except as such Hazardous
         Materials may be required to be used, stored or transported in
         connection with the permitted uses of the Property and then only to the
         extent permitted by law after obtaining all necessary permits and
         licenses therefor or, if not permitted by law, then to the extent
         non-compliance with applicable law is permitted by the Loan Agreement.
         For purposes of this Deed of Trust, "HAZARDOUS MATERIALS" shall mean
         and include any asbestos containing materials, polychlorinated
         biphenyls ("PCBS"), petroleum products, lead based paint, radioactive
         materials and any other hazardous, special or toxic materials, wastes
         and substances which are defined, determined or identified as such in
         any federal, state or local laws, rules, regulations, ordinances,
         orders, codes, statutes or guidelines in each case as amended (whether
         now existing or hereafter enacted or promulgated) including, without
         limitation, the Recourse Conservation and Recovery Act (42 U.S.C. Sec.
         6901 et seq.), Toxic Substances Control Act (15 U.S.C. Sec. 2601),
         Clean Air Act (42 U.S.C. Sec. 7401 et seq.), Comprehensive
         Environmental Response, Compensation and Liability Act (42 U.S.C. Sec.
         9601 et seq.) and any law, statute, rule or ordinance of the State of
         West Virginia and any other governmental entity with jurisdiction over
         the Mortgaged Property, or any part thereof, concerning such Hazardous
         Materials or any judicial or administrative interpretation of such
         laws, rules, regulations. Such laws, statutes, rules, ordinances and
         regulations are hereinafter collectively referred to as the "HAZARDOUS
         MATERIALS LAWS."

                  (b) Grantor shall, and Grantor shall cause all employees,
         agents, contractors and subcontractors of Grantor and any other persons
         from time to

                                      -8-
<PAGE>

         time present on or occupying the Property to, keep and maintain the
         Property in compliance with, and not cause or knowingly permit the
         Property to be in violation of, any applicable Hazardous Materials
         Laws. Neither Grantor nor any employees, agents, contractors or
         subcontractors of Grantor or any other persons occupying or present on
         the Property shall use, generate, manufacture, store or dispose of on,
         under or about the Property or transport to or from the Property any
         Hazardous Materials, except as such Hazardous Materials may be required
         to be used, stored or transported in connection with the permitted uses
         of the Property and then only to the extent permitted by law after
         obtaining all necessary permits and licenses therefor.

                  (c) Grantor shall immediately advise Agent in writing of: (i)
         any notices received by Grantor (whether such notices are from the
         Environmental Protection Agency, or any other federal, state or local
         governmental agency or regional office thereof) of the violation or
         potential violation occurring on or about the Property of any
         applicable Hazardous Materials Laws; (ii) any and all enforcement,
         cleanup, removal or other governmental or regulatory actions
         instituted, completed or threatened pursuant to any Hazardous Materials
         Laws; and (iii) all claims made or threatened by any third party
         against Grantor or the Property relating to damage, contribution, cost
         recovery compensation, loss or injury resulting from any Hazardous
         Materials (the matters set forth in clauses (i), (ii) and (iii) above
         are hereinafter referred to as "HAZARDOUS MATERIALS CLAIMS"). Agent
         shall have the right but not the obligation to join and participate in,
         as a party if it so elects, any legal proceedings or actions initiated
         in connection with any Hazardous Materials Claims and Grantor shall pay
         to Agent, upon demand, all attorneys' and consultants' fees incurred by
         Agent in connection therewith.

                  (d) Grantor shall be solely responsible for, and shall
         indemnify and hold harmless Agent and Lenders, and the directors,
         officers, employees, agents, successors and assigns of each of them,
         from and against any loss, damage, cost, expense or liability directly
         or indirectly arising out of or attributable to the use, generation,
         storage, release, threatened release, discharge, disposal or presence
         (whether prior to or during the term of the Loan or otherwise and
         regardless of by whom caused, whether by Grantor or any predecessor in
         title or any owner of land adjacent to the Property or any other third
         party, or any employee, agent, contractor or subcontractor of Grantor
         or any predecessor in title or any such adjacent land owner or any
         third person) of Hazardous Materials on, under or about the Property;
         including, without limitation: (i) claims of third parties (including
         governmental agencies) for damages, penalties, losses, costs, fees,
         expenses, damages, injunctive or other relief; (ii) response costs,
         clean-up costs, costs and expenses of removal and restoration,
         including fees of attorneys and experts, and costs of determining the
         existence of Hazardous Materials and

                                      -9-
<PAGE>

         reporting same to any governmental agency; and (iii) any and all
         expenses or obligations, including attorneys' fees, incurred at, before
         or after any trial or appeal therefrom whether or not taxable as costs,
         including, without limitation, attorneys' fees, witness fees,
         deposition costs, copying and telephone charges and other expenses. The
         obligations of Grantor under this subsection shall survive any of the
         foreclosure of this Deed of Trust, the repayment of Borrower's
         Liabilities, or other satisfaction of the indebtedness secured by this
         Deed of Trust, whether by deed in lieu of foreclosure or otherwise.

                  (e) Any loss, damage, cost, expense or liability incurred by
         Agent or Lenders as a result of a breach or misrepresentation by
         Grantor or for which Grantor is responsible or for which Grantor has
         indemnified Agent and Lenders shall be paid to Agent or Lenders, as the
         case may be, on demand, and, failing prompt reimbursement, such amounts
         shall, together with interest thereon at the Default Rate from the date
         incurred by Agent or Lenders, as the case may be, until paid by
         Grantor, be added to Borrower's Liabilities, be immediately due and
         payable and be secured by the lien of this Deed of Trust and the other
         Loan Instruments.

                                   ARTICLE TWO
                                    DEFAULTS

                  2.1. EVENT OF DEFAULT. The term "EVENT OF DEFAULT," wherever
used in this Deed of Trust, shall mean any one or more of the following events:

                  (a) The failure by Grantor to keep, perform, or observe any
         covenant, condition or agreement on the part of Grantor in this Deed of
         Trust and such failure is not cured to Agent's satisfaction within
         fifteen (15) days after the sooner to occur of Grantor's receipt of
         notice of such breach from Agent or the date on which such failure or
         neglect first becomes known to any officer of Grantor, except for any
         occurrence described in the Loan Agreement for which a different grace
         or cure period is specified or which constitutes an immediate "Event of
         Default" under and as defined in the Loan Agreement, in which event the
         Loan Agreement will control.

                  (b) The occurrence of an "Event of Default" under and as
         defined in the Loan Agreement or any of the other Loan Instruments.

                                  ARTICLE THREE
                                    REMEDIES

                  3.1. ACCELERATION OF MATURITY; COLLECTION. If an Event of
Default shall have occurred, Agent may declare all Borrower's Liabilities to be
immediately due and

                                      -10-
<PAGE>

payable, and thereupon collect Borrower's Liabilities by proper action,
foreclosure of this Deed of Trust, or any other equitable proceeding.

                  3.2. POSSESSION AND OPERATION OF PROPERTY. If an Event of
Default shall have occurred, in addition to all other rights herein conferred,
Agent may have a receiver appointed or cause Trustee to enter on the Property,
either in person or by agent, and take possession and charge of the Property,
collect the Rents and have a receiver appointed for such purposes.

                  3.3. FORECLOSURE. After Borrower's Liabilities have been
accelerated, Trustee, upon the written request of Agent, shall foreclose upon
and sell the Property for cash in hand on day of sale to satisfy the Borrower's
Liabilities in accordance with applicable provisions of West Virginia law. From
the proceeds of such sale, Trustee shall pay, first the costs and expenses of
executing this trust including the reasonable legal fees and other reasonable
expenses of Agent, Lenders and Trustee, but Trustee shall be entitled to no
commission; second, to Agent and/or Lenders all sums paid for taxes, insurance,
repairs and all other costs and expenses incurred or paid under the provisions
of this Deed of Trust, together with interest thereon at the Default Rate, from
the date of payment; third, to Agent and/or Lenders the full amount due and
unpaid on Borrower's Liabilities; and fourth, the balance, if any, to Grantor,
its successors and assigns, upon delivery of and surrender to the purchasers of
possession of the Property, less the expense, if any, of obtaining such
possession. If foreclosure proceedings are instituted but not completed, Trustee
shall be reimbursed for all reasonable costs and expenses incurred by it in
commencing such proceedings. Any sale may be adjourned from time to time by oral
proclamation by Trustee. Agent and Trustee shall also have all rights, remedies
and powers of a secured party under the Uniform Commercial Code of West
Virginia, as to personal property, fixtures and other applicable portions of the
Property.

                  3.4. FORECLOSURE NOTICE. A copy of any notice of foreclosure
sale and any other notices hereunder shall be served on Grantor by certified
mail, return receipt requested, at the address for notice provided in Section
4.2 herein or at such other address as may be given to Agent in writing by
Grantor subsequent to the execution and delivery of this Deed of Trust. Any
notice of a subordinate lien, any notice of other liens made pursuant to W. Va.
Code Section 38-1-14 or other notice may be served on Agent at its address on
the first page of this Deed of Trust.

                  3.5. ACTION OF TRUSTEE. Trustee may act in the execution of
this trust, by agent or attorney. It is not necessary for Trustee to be
personally present at any foreclosure sale.

                  3.6. SUBSTITUTION OF TRUSTEE. Agent may from time to time, for
any reason or for no reason, substitute another Trustee, corporation or person,
in place of the Trustee herein named. Upon each such appointment, the
substituted Trustee shall be vested with all the rights, titles, interests,
powers, duties and trusts conferred upon the Trustee herein named. Each
appointment and substitution shall be evidenced by an instrument in writing,
executed

                                      -11-
<PAGE>

and acknowledged by Agent, which when recorded in the office of the Clerk of
the County Commission of Hancock County, shall be conclusive proof of the
proper substitution and appointment and notice to all parties in interest.

                  3.7. PERSONAL PROPERTY AND FIXTURES. If an Event of Default
shall have occurred and be continuing, Agent shall have all rights and remedies
of a secured party under the Uniform Commercial Code of West Virginia, including
the right to sell it at public or private sale or otherwise dispose of, lease or
use it, without regard to preservation of the Property or its value and without
the necessity of a court order.

                  3.8. REMEDIES CUMULATIVE. No right, power or remedy conferred
upon or reserved to Agent or Lenders by the Notes, the Loan Agreement, this Deed
of Trust or any other Loan Instrument or any instrument evidencing or securing
Borrower's Liabilities is exclusive of any other right, power or remedy, but
each and every such right, power and remedy shall be cumulative and concurrent
and shall be in addition to any other right, power and remedy given hereunder or
under the Notes, the Loan Agreement or any other Loan Instrument or any
instrument evidencing or securing Borrower's Liabilities, or now or hereafter
existing at law, in equity or by statute.

                                  ARTICLE FOUR
                            MISCELLANEOUS PROVISIONS

                  4.1. HEIRS, SUCCESSORS AND ASSIGNS INCLUDED IN PARTIES.
Whenever Grantor, Agent or Lenders are named or referred to herein, heirs and
successors and assigns of such person or entity shall be included, and all
covenants and agreements contained in this Deed of Trust shall bind the
successors and assigns of Grantor, including any subsequent owner of all or any
part of the Property and inure to the benefit of the successors and assigns of
Agent and Lenders.

                  4.2. NOTICES. Except as specifically set forth herein, all
notices, requests, reports, demands or other instruments required or
contemplated to be given or furnished under this Deed of Trust to Grantor or
Agent shall be directed to Grantor or Agent, as the case may be, in the manner
and at the addresses for notice set forth in the Loan Agreement.

                  4.3. HEADINGS. The headings of the articles, sections,
paragraphs and subdivisions of this Deed of Trust are for convenience only, are
not to be considered a part hereof, and shall not limit, expand or otherwise
affect any of the terms hereof.

                  4.4. INVALID PROVISIONS. In the event that any of the
covenants, agreements, terms or provisions contained in this Deed of Trust shall
be invalid, illegal or unenforceable in any respect, the validity of the
remaining covenants, agreements, terms or provisions contained herein (or the
application of the covenant, agreement, term held to be invalid, illegal or
unenforceable, to persons or circumstances other than those in respect of which
it is invalid, illegal or unenforceable) shall be in no way affected, prejudiced
or disturbed thereby.

                                      -12-
<PAGE>

                  4.5. CHANGES. Neither this Deed of Trust nor any term hereof
may be released, changed, waived, discharged or terminated orally, or by any
action or inaction, but only by an instrument in writing signed by the party
against which enforcement of the release, change, waiver, discharge or
termination is sought.

                  4.6. GOVERNING LAW. Except with respect to the creation,
perfection, priority and enforcement of the lien and security interest created
hereunder, all of which shall be construed, interpreted, enforced and governed
by the laws of the State of West Virginia, the validity and interpretation of
this Deed of Trust shall be governed by and in accordance with the internal laws
of the State of Illinois, without regard to conflicts of law principles.

                  4.7. LIMITATION OF INTEREST. The provisions of the Loan
Agreement regarding the payment of lawful interest are hereby incorporated
herein by reference.

                  4.8. FUTURE ADVANCES. THIS IS A CREDIT LINE DEED OF TRUST FOR
THE PURPOSES OF W.VA. CODE SECTION 38-1-14 AND SECURES AN AGGREGATE MAXIMUM
PRINCIPAL AMOUNT NOT TO EXCEED $200,000,000, and this Deed of Trust is also
security for the payment of interest on the Loans and for the payment of taxes,
insurance premiums and other obligations, including interest thereon, undertaken
by Agent and/or Lenders pursuant to the provisions of this Deed of Trust or the
Loan Agreement or by Trustees under this Deed of Trust. This Deed of Trust
secures future advances that are intended to be obligatory which Agent and/or
Lenders have agreed to make in accordance with the provisions of the Loan
Agreement and therefore the principal amount secured hereby may increase or
decrease from time to time.

                  4.9. INTENTIONALLY DELETED.

                  4.10. LAST DOLLAR. The lien of this Deed of Trust shall remain
in effect until the last dollar of Borrower's Liabilities is paid in full and
all obligations of Agent and Lenders under the Loan Agreement have been
terminated.

                  4.11. RELEASE. Upon full payment and satisfaction of
Borrower's Liabilities and the termination of all obligations of Agent and
Lenders under the Loan Agreement, Agent shall issue to Grantor an appropriate
release or satisfaction in recordable form.

                  4.12. TIME OF THE ESSENCE. Time is of the essence with respect
to this Deed of Trust and all the provisions hereof.

                  4.13. LOAN AGREEMENT. The Loans are governed by terms and
provisions set forth in the Loan Agreement and in the event of any conflict
between the terms of this Deed of Trust and the terms of the Loan Agreement, the
terms of the Loan Agreement shall control.

                  4.14. REPLACEMENT OF NOTES. Any one or more of the financial
institutions which are or become a party to the Loan Agreement as Lenders may
from time to time be

                                      -13-
<PAGE>

replaced and, accordingly, one or more of the Notes may from time to time be
replaced, provided that the terms of the Notes following such replacement,
including the principal amount evidenced thereby, shall remain the same. As the
indebtedness secured by this Deed of Trust shall remain the same, such
replacement of the Notes shall not be construed as a novation and shall not
affect, diminish or abrogate Grantor's liability under this Deed of Trust or the
priority of this Deed of Trust.

                                      -14-
<PAGE>

                  IN WITNESS WHEREOF, Grantor has caused this instrument to be
executed by its duly authorized officer as of the day and year first above
written.

                                       WEIRTON STEEL CORPORATION,
                                       a Delaware corporation

                                       By:  /s/ Mark E. Kaplan
                                           ---------------------------------
                                       Name:  Mark E. Kaplan
                                       Title: Vice President and Chief
                                              Financial Officer

                                      -15-
<PAGE>

                         THIS INSTRUMENT WAS PREPARED BY
                         AND AFTER RECORDING RETURN TO:

                              Carole K. Towne, Esq.
                          Goldberg, Kohn, Bell, Black,
                            Rosenbloom & Moritz, Ltd.
                              55 East Monroe Street
                                   Suite 3700
                             Chicago, Illinois 60603
                                 (312) 201-4000

                                      -16-
<PAGE>

                                    EXHIBIT A

                                LEGAL DESCRIPTION

#9 Tandem Mill

         The following tract of land situate in the City of Weirton, Weirton
(formerly Butler) District, Hancock County, West Virginia and being more
particularly bounded and described as follows:

         Beginning at a point at the southwesterly corner of the hereindescribed
         tract, said point being the southwest corner of the building located on
         the hereindescribed tract, said point being located the following two
         (2) bearings and distances from a point at the intersection of the
         south line of Virginia Avenue with the westerly line of West Virginia
         State Route No. 2: S. 87 degrees 30' E. (along the easterly extension
         of said southerly line) 141 and 2/10 feet to a point; thence N. 02
         degrees 30' E. 104 and 46/100 feet to said beginning point; thence from
         said beginning point and with the westerly line of said building N. 02
         degrees 40' 38" E. 135 feet to a point; thence N. 87 degrees 19' 22" W.
         48 and 25/100 feet to a point in the easterly line of a right of way or
         roadway, hereinafter mentioned; thence with same and then its northerly
         extension N. 03 degrees 40' 40" E. (at 460 and 12/100 feet passing the
         northerly line of said right of way or roadway) 744 and 31/100 feet to
         a point in the westerly extension of the north wall of the aforesaid
         building; thence with said extension and then with said wall S. 87
         degrees 19' 22" E. (at 96 and 54/100 feet passing the northerly
         extension of column line X) 176 and 5/10 feet to a point in the
         centerline of column line W; thence with same S. 02 degrees 40' 38" W.
         (at 9 and 41/100 feet passing the centerline of column line 111, and at
         133 and 71/100 feet passing the centerline of column line 106, and at
         834 and 39/100 feet passing the centerline of column line 78) 879 and
         2/10 feet to a point in the south line of said building; thence with
         same N. 87 degrees 19' 22" W. (at 80 feet passing the centerline of
         column line X) 141 and 25/100 feet to the place of beginning,
         containing by survey made by Stegman & Schellhase, Inc., Civil
         Engineers and Surveyors on September 26, 2001, Three and Five Hundred
         Sixty-Four One Thousandths (3 and 564/1000) acres, more or less as
         shown on the # 9 Tandem Mill Subdivision Plan recorded in the Office of
         the Clerk of the County Commission of Hancock County, West Virginia in
         Plat Cabinet 1, Slide 45-B.

                  Together with the non-exclusive easement and right to use a
         right of way or roadway, generally twenty (20) feet wide, leading from
         West Virginia State Route No. 2 to the aforementioned point along the
         line N. 03 degrees 40' 40" E", said right of way or roadway being more
         particularly bounded and described as follows: beginning at the
         aforesaid point at the northeasterly corner of the hereindescribed;
         thence from said beginning point S. 03 degrees 40' 40" W. 460 and
         12/100 feet to a point; thence S. 01 degrees 03' 30" E. 233 and 84/100
         feet to a point; thence N. 87 degrees 30' W. (at

<PAGE>

         45 and 68/100 feet passing the south post of Gate 5) 47 and 86/100 feet
         to a point in the easterly line of West Virginia State Route No. 2;
         thence with same N. 02 degrees 40' 21" E. 44 and 47/100 feet to a
         point; thence S. 87 degrees 30' E. (at 2 and 22/100 feet passing the
         north post of Gate 5) 24 and 92/100 feet to a point; thence N. 01
         degrees 03' 30" W. 188 and 87/100 feet to a point; thence N. 03 degrees
         40' 40" E. 460 and 94/100 feet to a point; thence S. 86 degrees 19' 20"
         E. 20 feet to the place of beginning.

                  Together with the non-exclusive easement and right to use a
         right of way or roadway twenty (20) feet wide, leading from the
         northerly line of the above described 3 and 564/1000 acre tract in a
         northerly, then westerly and then southerly direction to Gate 11 on the
         westerly side of State Route No. 2, the centerline of said right of way
         or roadway being more particularly described as follows: Beginning at a
         point in the northerly line of said 3 and 564/1000 acre tract at its
         intersection with said centerline, said point being located N. 87
         degrees 19 22" W. 101 and 14/100 feet from the northeasterly corner of
         said tract; thence from said beginning point and with said centerline
         the following twenty-one (21) bearings and distances: N. 36 degrees 32'
         38" E. 32 and 5/10 feet to a point; thence N. 08 degrees 59' 28" E. 52
         and 73/100 feet to a point; thence N. 02 degrees 05' E. 49 and 81/100
         feet to a point; thence N. 01 degrees 37" 04' W. 89 and 36/100 feet to
         a point; thence N. 05 degrees 33' 09" E. 74 and 18/100 feet to a point;
         thence N. 12 degrees 47' 29" E. 148 and 45/100 feet to a point; thence
         N. 04 degrees 33' 48" E. 43 and 39/100 feet to a point; thence N. 01
         degrees 19' 05" W. 38 and 71/100 feet to a point; thence N. 14 degrees
         21' 48" W. 92 and 79/100 feet to a point; thence N. 59 degrees 24' 28"
         W. 90 and 08/100 feet to a point; thence N. 47 degrees 30' W. 64 and
         27/100 feet to a point; thence N. 43 degrees 40' 37" W. 63 feet to a
         point; thence N. 63 degrees 30' 47" W. 34 and 36/100 feet to a point;
         thence N. 89 degrees 12' 38" W. 26 and 91/100 feet to a point; thence
         S. 52 degrees 00' 46" W. 19 and 44/100 feet to a point; thence S. 27
         degrees 34' 45" W. 28 and 76/100 feet to a point; thence S. 03 degrees
         12' 16" E. 290 and 79/100 feet to a point; thence S. 02 degrees 03' 06"
         W. 60 and 17/100 feet to a point; thence S. 04 degrees 56' 39" W. 56
         and 36/100 feet to a point; thence S. 08 degrees 46' 03" E. 44 and
         12/100 feet to a point; thence S. 38 degrees 14' 27" E. 36 and 1/10
         feet to a point in the centerline of Gate 11 at its intersection with
         the westerly line of State Route No. 2, said point being located N. 02
         degrees 40' 21" E. 1218 and 12/100 feet along said westerly line from
         its intersection with the southerly line of Virginia Avenue.

Together with those certain nonexclusive reciprocal easements appurtenant to the
above described property as set forth and described in that certain Master
Declaration of Easements, Covenants and Restrictions For Weirton, West Virginia
Plant Site dated October 25, 2001, recorded in the Office of the Clerk of the
County Commission of Hancock County, West Virginia in Lease Book 36, at page
633, as amended under that certain First Amendment To Master Declaration of
Easements, Covenants and Restrictions for Weirton, West Virginia Plant Site
dated October 26, 2001 recorded in the Office of the Clerk of the County
Commission of Hancock County West Virginia in Lease Book 36, at page 685 as
re-recorded in the Office of the Clerk of the County Commission of Hancock
County, West Virginia in Lease Book 37, at page 5 and as further amended under
that certain Second Amendment To Master Declaration of Easements, Covenants and
Restrictions for Weirton, West Virginia Plant Site dated May 14, 2002 recorded
in the Office of the Clerk of the County Commission of Hancock County, West
Virginia in Lease Book 37, at page 26, as further amended from time to time.

<PAGE>

                                   SCHEDULE 1

                                      NOTES

------------------------------------------------------------------------------
NOTE PAYEE                                      PRINCIPAL AMOUNT OF NOTE
------------------------------------------------------------------------------

FLEET CAPITAL CORPORATION                       $6,250,000

------------------------------------------------------------------------------

FOOTHILL CAPITAL CORPORATION                    $6,250,000

------------------------------------------------------------------------------

THE CIT GROUP/BUSINESS CREDIT, INC.             $6,250,000

------------------------------------------------------------------------------

GMAC BUSINESS CREDIT LLC                        $4,375,000

------------------------------------------------------------------------------

TRANSAMERICA BUSINESS CREDIT CORPORATION        $1,875,000

------------------------------------------------------------------------------<PAGE>

                                                                    EXHIBIT 4.16

                          FIRST SUPPLEMENTAL INDENTURE

         FIRST SUPPLEMENTAL INDENTURE, dated as of June 18, 2002, between
WEIRTON STEEL CORPORATION, a Delaware corporation (the "Issuer" or the
"Company"), and DEUTSCHE BANK TRUST COMPANY AMERICAS (formerly BANKERS TRUST
COMPANY), as trustee (the "Trustee");

                                    RECITALS

         WHEREAS, the Issuer and the Trustee have heretofore executed and
delivered an Indenture dated as of July 3, 1996 (the "Indenture"), pursuant to
which the Issuer has heretofore issued its 11-3/8% Senior Notes due 2004, in the
aggregate original principal amount of $125,000,000 (the "Securities");

         WHEREAS, the Issuer has offered to exchange up to 100% of its
Securities and its 10-3/4% Senior Notes due 2005 for a combination of 10% Senior
Secured Notes due 2008 and Series C Preferred Stock (the "Note Exchange");

         WHEREAS, in connection with the Note Exchange, the Issuer desires to
amend or eliminate certain provisions of the Indenture and have any and all
Defaults or Events of Default waived by the holders of a majority in aggregate
principal amount of the Securities at the time outstanding to the extent
permitted by the Indenture;

         WHEREAS, section 7.2 of the Indenture provides that the Issuer and the
Trustee may, with the consent of the holders of not less than a majority in
aggregate principal amount of the Securities at the time outstanding, enter into
an indenture or indentures supplemental to the Indenture, for the purpose of
adding any provisions to or changing in any manner or eliminating any of the
provisions of the Indenture;

         WHEREAS, all acts and things necessary to amend the Indenture as
aforesaid and to make this First Supplemental Indenture a valid agreement of the
Issuer, in accordance with its terms, have been done; and

         WHEREAS, except as herein expressly otherwise defined, the terms used
herein shall have the same meaning as provided in the Indenture.

         NOW, THEREFORE, in consideration of the foregoing, the parties hereto
agree as follows:

                                    ARTICLE I
                                   AMENDMENTS

         SECTION 1.01.  Deletion of Certain Definitions.

         (a) The following definitions in Section 1.1 of the Indenture are
hereby eliminated and deleted in their entirety as follows:

<PAGE>

         "Acquired Indebtedness"
         "Asset Disposition"
         "Asset Disposition Offer"
         "Attributable Debt"
         "Commodity Agreement"
         "Consolidated EBITDA"
         "Consolidated Fixed Charges"
         "Consolidated Net Income"
         "Consolidated Net Tangible Assets"
         "Consolidated Net Worth"
         "Consolidated Subsidiary"
         "Currency Agreement"
         "Disqualified Stock"
         "Efficiency Program"
         "Indebtedness"
         "Interest Protection Agreement"
         "Investments"
         "Lien"
         "Net Cash Proceeds"
         "Net Income"
         "Offer Amounts"
         "Offer Period"
         "Permitted Indebtedness"
         "Permitted Joint Venture"
         "Permitted Liens"
         "Permitted Payments"
         "Permitted Working Capital Indebtedness"
         "Prohibited Investment"
         "Property"
         "Purchase Date"
         "Refinancing Indebtedness"
         "Restricted Payment"

         SECTION 1.02.  Deletion of Certain Covenants.

         (a)      The following covenants are hereby eliminated and deleted in
their entirety:

                  (i)      Section 3.9. Limitations on Indebtedness.

                  (ii)     Section 3.10.  Limitations on Restricted Payments.

                  (iii)    Section 3.11.  Limitations on Transactions with
                           Affiliates.

                  (iv)     Section 3.12. Restrictions on Disposition of Assets
                           of the Issuer.

                  (v)      Section 3.13.  Limitation on Liens.

                                       2
<PAGE>

                  (vi)     Section 3.14.  Limitations on Sale and Leaseback
                           Transactions.

                  (vii)    Section 3.15.  Limitations on Dividend and Other
                           Payment Restrictions Affecting Subsidiaries.

         SECTION 1.03.  Modification of the Definition of Change in Control.

         (a)      The definition of "Change of Control" in Section 3.16 of the
Indenture is hereby modified to read in its entirety as follows:

         As used herein, "Change of Control" means (i) any sale, lease or other
transfer (in one transaction or a series of transactions) of more than 75% of
the assets of the Issuer to any Person (other than a Wholly Owned Subsidiary of
the Issuer); (ii) a "person" or "group" (within the meaning of Sections 13(d)
and 14(d)(2) of the Exchange Act (other than the 1984 ESOP, the 1989 ESOP or any
other employee benefit plan of the Issuer)) becomes the "beneficial owner" (as
defined in Rule 13d-3 under the Exchange Act) of Capital Stock of the Issuer
representing more than 50% of the voting power of such Capital Stock, unless
such acquisition of beneficial ownership of shares of voting power of Capital
Stock of the Issuer occurs, directly or indirectly, in connection with the
financing of a Permitted Acquisition; (iii) Continuing Directors cease to
constitute at least a majority of the Board of Directors of the Issuer; or (iv)
the stockholders of the Issuer approve any plan or proposal for the liquidation
or dissolution of the Issuer.

         (b)      The following paragraphs are hereby added to the end of
Section 3.16:

         As used herein, "Permitted Acquisition" means any one or more
transactions or series of transactions by the Issuer or a Subsidiary after the
Issue Date, whether effected by merger, consolidation, purchase, lease or other
transfer of assets, Permitted Joint Venture or otherwise, to acquire the
properties and related business (whether through the direct purchase of assets
or of the Capital Stock of the Person owning such assets) of any other Person
(i) where the Person to be acquired has been engaged, or the assets involved
have been deployed, in the business of making, processing or distributing steel
products, including without limitation tin mill products or other coated steel
products, and (ii) the consummation of any such transaction would not otherwise
result in any Event of Default immediately thereafter.

         As used herein, "Permitted Joint Venture" means the interest of the
Issuer in any corporation, association or other business entity of which 50% or
less, but not less than 10%, of the total Voting Stock or other interest is at
the time owned or controlled, directly or indirectly, by the Issuer or one or
more of its Subsidiaries or a combination thereof, provided that (i) such
corporation, association or entity is engaged in the business or businesses of
the Issuer or any related business and (ii) that any interest paid by Issuer or
any Subsidiary of Issuer on any Indebtedness incurred by the Issuer or any
Subsidiary of the Issuer in connection with such ownership interest shall not
exceed the sum of (x) any dividends, other distributions of earnings and returns
of capital received by the Issuer and any Subsidiaries on account of such
ownership interest and (y) demonstrable operating benefits derived by the Issuer
and any Subsidiaries, including cost savings and margin improvements, calculated
on a pro forma basis as determined in good faith by management of the Issuer and
adopted by resolution of a majority of the

                                       3
<PAGE>

independent members of the Issuer's Board of Directors and delivered to the
Trustee in an Officers' Certificate.

         SECTION 1.04.  Modification of Covenants.

         (a) Section 4.1 of the Indenture is hereby modified to read in its
entirety as follows:

         Section 4.1. Event of Default Defined; Acceleration of Maturity; Waiver
of Default. In case one or more of the following Events of Default (whatever the
reason for such Event of Default and whether it shall be voluntary or
involuntary or be effected by operation of law or pursuant to any judgment,
decree or order of any court or any order, rule or regulation of any
administrative or governmental body) shall have occurred and be continuing, that
is to say:

                  (a) default in the payment of any installment of interest and
         Liquidated Damages, if any, upon any of the Securities as and when the
         same shall become due and payable, and continuance of such default for
         a period of 30 days; or

                  (b) default in the payment of all or any part of the principal
         on any of the Securities as and when the same shall become due and
         payable either at maturity, by declaration or otherwise; or

                  (c) failure on the part of the Issuer duly to observe or
         perform any other of the covenants or agreements on the part of the
         Issuer contained in the Securities or in this Indenture for a period of
         60 days after the date on which written notice specifying such failure,
         stating that such notice is a "Notice of Default" hereunder and
         demanding that the Issuer remedy the same, shall have been given by
         registered or certified mail, return receipt requested, to the Issuer
         by the Trustee, or to the Issuer and the Trustee by the holders of at
         least 25% in aggregate principal amount of the Securities at the time
         outstanding; or

                  (d)      [INTENTIONALLY DELETED]

                  (e) a court having jurisdiction in the premises shall enter a
         decree or order for relief in respect of the Issuer in an involuntary
         case under any applicable bankruptcy, insolvency or other similar law
         now or hereafter in effect, or appointing a receiver, liquidator,
         assignee, custodian, trustee, sequestrator (or similar official) of the
         Issuer or for any substantial part of its property or ordering the
         winding up or liquidation of its affairs, and such decree or order
         shall remain unstayed and in effect for a period of 60 consecutive
         days; or

                  (f) the Issuer shall commence a voluntary case under any
         applicable bankruptcy, insolvency or other similar law now or hereafter
         in effect, or consent to the entry of an order for relief in an
         involuntary case under any such law or consent to the appointment or
         taking possession by a receiver, liquidator, assignee, custodian,
         trustee, sequestrator (or similar official) of the Issuer or for any
         substantial part of its property, or make any general assignment for
         the benefit of creditors.

                                       4
<PAGE>

         Then, and in each and every such case, unless the principal of all of
the Securities shall have already become due and payable, either the Trustee or
the holders of not less than 25% in aggregate principal amount of the Securities
then outstanding hereunder, by notice in writing to the Issuer (and to the
Trustee if given by Securityholders), may declare the entire principal of all
the Securities, the interest and Liquidated Damages, if any, accrued thereon, to
be due and payable immediately, and upon any such declaration the same shall
become immediately due and payable. This provision, however, is subject to the
condition that if, at any time after the principal of the Securities shall have
been so declared due and payable, and before any judgment or decree for the
payment of the moneys due shall have been obtained or entered as hereinafter
provided, the Issuer shall pay or shall deposit with the Trustee a sum
sufficient to pay all matured installments of interest and Liquidated Damages,
if any, upon all the Securities and the principal of any and all Securities
which shall have become due otherwise than by acceleration (with interest and
Liquidated Damages, if any, upon such principal and, to the extent that payment
of such interest is enforceable under applicable law, on overdue installments of
interest and Liquidated Damages, if any, at the same rate as the rate of
interest specified in the Securities, to the date of such payment or deposit)
and if any and all Events of Default under the Indenture, other than the
non-payment of the principal of Securities which shall have become due by
acceleration, shall have been cured, waived or otherwise remedied as provided
herein--then and in every such case the holders of a majority in the aggregate
principal amount of the Securities then outstanding, by written notice to the
Issuer and to the Trustee, may waive all defaults and rescind and annul such
declaration and its consequences, but no such waiver or rescission and annulment
shall extend to or shall affect any subsequent default or shall impair any right
consequent thereon.

         (b) Section 8.1 of the Indenture is hereby modified to read in its
entirety as follows:

         Section 8.1. Covenant Not to Merger, Consolidate, Sell or Convey
Property Except Under Certain Conditions. The Issuer will not consolidate or
merge with or into, or sell, lease, convey or otherwise dispose of all or
substantially all of its assets (as an entirety or substantially an entirety in
one transaction or a series of related transactions) to, any Person (other than
a merger with or into a Wholly Owned Subsidiary; provided that such Wholly Owned
Subsidiary is not organized in a foreign jurisdiction) unless: (a) the entity
formed by or surviving any such consolidation or merger (if other than the
Issuer), or to which sale, lease, conveyance or other disposition shall have
been made (the "Surviving Entity"), is a corporation organized and existing
under the laws of the United States, any state thereof or the District of
Columbia; (b) the Surviving Entity assumes by supplemental indenture all of the
obligations of the Issuer on the Securities and this Indenture in form and
substance satisfactory to the Trustee; and (c) immediately after the
transaction, no Default or Event of Default shall have occurred and be
continuing.

                                   ARTICLE II
                                     WAIVER

         SECTION 2.01. Waiver of Defaults. Effective as of the date hereof, to
the fullest extent permitted by the Indenture, the Holders of the Securities
hereby waive any and all Defaults and Events of Default existing as of the date
hereof; provided, however, that all Defaults and Events

                                       5
<PAGE>

of Default with respect to the payment of interest shall only apply to those
Holders that have consented to the execution of this First Supplemental
Indenture.

                                   ARTICLE III
                                  EFFECTIVENESS

         SECTION 3.01. Effectiveness of the First Supplemental Indenture. This
First Supplemental Indenture shall become effective on and as of the date the
counterparts hereto shall have been executed by each of the parties hereto and
shall become operative on and as of the date of the consummation of the Note
Exchange.

                                   ARTICLE IV
                                  MISCELLANEOUS

         SECTION 4.01. Construction with Indenture. All of the covenants,
agreements and provisions of this First Supplemental Indenture shall be deemed
to be and construed as part of the Indenture and vice versa to the same extent
as if fully set forth verbatim therein and herein and shall be fully enforceable
in the manner provided in the Indenture. Except as provided in this First
Supplemental Indenture, the Indenture shall remain in full force and effect and
the terms and conditions thereof are hereby confirmed.

         SECTION 4.02. Responsibility for Recitals. The recitals herein shall be
taken as the statements of the Issuer, and the Trustee assumes no responsibility
for the correctness thereof.

         SECTION 4.03. Successors and Assigns. All the covenants and agreements
in this First Supplemental Indenture contained by the Issuer shall bind its
successors and assigns whether so expressed or not.

         SECTION 4.04. Governing Law. This First Supplemental Indenture shall be
deemed to be a contract under the laws of the State of New York, and for all
purposes shall be construed in accordance with the laws of said State, except as
may otherwise be required by mandatory provisions of law.

         SECTION 4.05. Counterparts. This First Supplemental Indenture may be
executed in any number of counterparts, each of which shall be an original, but
such counterparts shall together constitute but one and the same instrument.

                                      * * *

                                       6
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this First
Supplemental Indenture to be, duly executed, and their respective corporate
seals to be hereunto affixed and attested, all as of the day and year first
above written.

                            WEIRTON STEEL CORPORATION

                            By:  /s/ Mark E. Kaplan
                                 ------------------------------------
                                  Name:      Mark E. Kaplan
                                  Title:     Senior Vice President of
                                             Finance and Administration
ATTEST:

/s/ William R. Kiefer
-------------------------
Name:   William R. Kiefer
Title:  Secretary

                            DEUTSCHE BANK TRUST COMPANY AMERICAS

                            By:  /s/ Irina Golovashchuk
                                ------------------------------------
                                 Name:   Irina Golovashchuk
                                 Title:  Associate
ATTEST:

/s/ Wanda Camacho
-------------------------
Name:    Wanda Camacho
Title: Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}]]