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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 30, 1995
LUKENS INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-3258 23-2451900
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification
incorporation) Number)
50 South First Avenue
Coatesville, Pennsylvania
(Address of principal executive offices)
19320-0911
(Zip Code)
(610) 383-2000
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
See the following press release, dated November 30, 1995, concerning fourth
quarter 1995 developments.
Rick Whitmyre
(610)383-3393
LUKENS FORECASTS LOWER STEEL SHIPMENTS
COATESVILLE, PA., November 30, 1995 -- Lukens Inc. (NYSE: LUC) said today
that fourth quarter shipments from its Lukens Steel Group will be about 20,000
tons lower than the same period in 1994.
"Recent disruptions associated with the start-up of our Steckel Mill
Advanced Rolling Technology (SMART/(R)/) system at Conshohocken, Pa., limited
the facility's production capacity during the fourth quarter," said R. W. Van
Sant, Lukens' chairman and chief executive officer. "However, the system has
returned to normal levels of discrete plate production and commissioning
activities are continuing," Van Sant said.
The company said that initial processing of SMART stainless steel coils
will be delayed until the first quarter of next year.
INVENTORY CORRECTION CONTINUES TO AFFECT STAINLESS SHIPMENTS
"The inventory correction for cold-rolled stainless products at the service
center level will continue through the fourth quarter as end-user customers
adjust their production levels to slower economic growth," said Van Sant. "We
expect fourth quarter cold-rolled stainless sheet and strip shipments will be
about 6,000 tons lower than the comparable 1994 period. However, we believe
service center inventories should stabilize at normal levels during the first
quarter of 1996," he said.
Lukens Inc. is a leading North American specialty steel manufacturer whose
subsidiaries supply carbon, alloy and clad plate steels; and stainless steel
sheet, strip and plate products.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
LUKENS INC.
December 4, 1995 C. B. HOUGHTON, JR.
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C. B. Houghton, Jr.
Vice President and Controller
