NEW JERSEY STEEL CORP
10-Q/A, 1995-07-12
STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
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                    SECURITIES AND EXCHANGE COMMISSION
                           Washington, DC 20549

                                FORM 10-Q/A
(Mark One)

[ X ]          Quarterly report pursuant to Section 13 or 15(d) of the 
               Securities Exchange Act of 1934 for the quarterly period
               ended February 28, 1995 or

[    ]         Transaction report pursuant to Section 13 or 15(d) of the 
               Securities Exchange Act of 1934

For the transition period from __________________ to ___________________

Commission file number 0-15838

                        NEW JERSEY STEEL CORPORATION
               ----------------------------------------------     
    
           (Exact name of registrant as specified in its charter)

             DELAWARE                                22-2137967     
- -------------------------------                 -------------------
(State or other jurisdiction of                 (I.R.S. Employer  
incorporation or organization)                  Identification No.) 

         NORTH CROSSMAN ROAD, SAYREVILLE, NEW JERSEY       08872       
- ---------------------------------------------------------------------------
     (Address of principal executive offices)            (Zip Code)

Registrant's telephone number, include area code:     (908) 721-6600     
                                                 -------------------------

                              Not Applicable                      
         
- --------------------------------------------------------------------------- 
(Former name, former address and former fiscal year, if changed since last
report)

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.

                         Yes    X     No 
                              -----       -----   

               APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                  PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Sections 12, 13 or 15(d) of the Securities
Exchange Act of 1934  subsequent to the distribution of securities under a
plan confirmed by a court.

                         Yes ______  No _____

                   APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of February 28, 1995.

$.01 Par Value Common Stock                            5,893,370
- ---------------------------                  ------------------------------
     (Title of Class)                        (Number of Shares Outstanding)


Dear Sirs:

This 10-Q/A filing is to replace a missing filing.  The original 10-Q/A 
filing was submitted May 22, 1995, with the SEC's acceptance confirmation
MSG ID No. 52590-93000.

                                 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.

                                         NEW JERSEY STEEL CORPORATION
                                         Registrant


Dated: July 12, 1995                     /s/ Robert J. Pasquarelli
                                         ----------------------------
                                         Robert J. Pasquarelli
                                         President and CEO


Dated: July 12, 1995                     /s/ Paul Roik
                                         ---------------------------
                                         Paul Roik, Vice President
                                         Finance and Treasurer
                                         (Principal Financial and 
                                         Accounting Officer)

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
This schedule contains summary information extracted from the registrant's
consolidated financial statements for the year ended November 30, 1994 and
is qualified in it's entirety by reference to such financial statments.
</LEGEND>
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   QTR-1
<FISCAL-YEAR-END>                          NOV-30-1995
<PERIOD-END>                               FEB-28-1995
<CASH>                                              98
<SECURITIES>                                         0
<RECEIVABLES>                                    21715
<ALLOWANCES>                                     (1951)
<INVENTORY>                                      20875
<CURRENT-ASSETS>                                 42200
<PP&E>                                          149633
<DEPRECIATION>                                  (75435)
<TOTAL-ASSETS>                                  139023
<CURRENT-LIABILITIES>                            49201
<BONDS>                                              0
<COMMON>                                            59
                                0
                                          0
<OTHER-SE>                                       89763
<TOTAL-LIABILITY-AND-EQUITY>                    139023
<SALES>                                          29893
<TOTAL-REVENUES>                                 29893
<CGS>                                            27934
<TOTAL-COSTS>                                    27934
<OTHER-EXPENSES>                                    95
<LOSS-PROVISION>                                   105
<INTEREST-EXPENSE>                                  59
<INCOME-PRETAX>                                    416
<INCOME-TAX>                                        44
<INCOME-CONTINUING>                                372
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       372
<EPS-PRIMARY>                                      .06
<EPS-DILUTED>                                      .06
        

</TABLE>


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