EXHIBIT 99.1

FOR IMMEDIATE RELEASE

For more information, contact:
Michelle Strykowski
415.356.1014
strykowm@fleishman.com


                   INTERNET CAPITAL GROUP ACQUIRES STAKE IN
                                   METALSITE

Online metal industry leader represents strategic addition to Internet Capital's
             network of business-to-business e-commerce companies

________________________________________________________________________________

Wayne, PA--December 29, 1999--Internet Capital Group (NASDAQ: ICGE), a leading
business-to-business e-commerce company, today announced it has acquired an
interest in MetalSite L.P. from Weirton Steel Corporation (NYSE:WS), for
approximately $180 million in stock and cash.

"We've identified the metals industry as one of the largest market opportunities
among the top 50 global markets, and MetalSite will be our cornerstone in the
rapidly growing metals industry" said Walter Buckley, President and Chief
Executive Officer of Internet Capital Group. "We are excited to have MetalSite
join our collaborative network of partner companies and we look forward to
providing our technical, strategic and operational expertise. MetalSite has a
strong management team, a superior business model, and industry-leading
partnerships."

MetalSite is the premier Internet marketplace and resource center for the metals
industry.  The company, headquartered in Pittsburgh, began operations in 1998 to
sell prime and excess prime steel through its e-commerce web site.  MetalSite
has become the preeminent site on the Web to source, buy and sell metal
products, review the top news of the day and connect with metals professionals
around the world.

Weirton Steel, which developed the MetalSite concept, will continue to own a
significant share of the e-commerce company.  Weirton Steel is also one of
nearly 30 vendors on MetalSite's Website.  Other industry leading vendors
include Bethlehem Steel, LTV Steel, Steel Dynamics and Ryerson Tull, each of
which is also a MetalSite partner.

Since its inception in 1996, Internet Capital, an Internet holding company
actively engaged in business-to-business electronic commerce, has acquired and
built two types of companies: market

                                    -more-


makers, which bring buyers and sellers together by creating Internet-based
markets for the exchange of goods, services and information in a particular
industrial sector; and infrastructure services providers, which sell software
and services to businesses engaged in e-commerce. As a market maker within the
Internet Capital network, MetalSite will gain access to advanced enterprise
technology and operational support, as well as strategic expertise.

"We are delighted to join Internet Capital's collaborative network of business-
to-business e-commerce companies," said Patrick Stewart, Chief Executive Officer
of MetalSite.  "As we execute an aggressive growth strategy in 2000, Internet
Capital's expertise, insights and operational resources will be invaluable to
us.  We welcome the opportunity to be a part of a powerful network of fellow
leaders in the business-to-business arena."

About Internet Capital Group

Internet Capital Group is an Internet holding company actively engaged in
business-to-business e-commerce through a network of Partner Companies.  It
provides operational assistance, capital support, industry expertise, and a
strategic network of business relationships intended to maximize the long-term
market potential of more than 45 business-to-business e-commerce partner
companies.

About MetalSite L.P.

MetalSite, www.metalsite.net, is an unbiased, global, Internet marketplace. The
site offers prime and non-prime metal products through the MetalSite Catalog,
which supports a list price.  Product Guide and Auction services. The MetalSite
Catalog also provides contract pricing and online negotiations. The site is free
to join for all buyers and sellers who want to conduct business online through
the speed and convenience of the Internet. Sellers incur a transaction fee only
when product is sold. In addition to the commerce component of MetalSite, users
can view industry news and statistics, world and business news, along with
personalized weather forecasts.