UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
NEW JERSEY STEEL CORPORATION
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
646144-10-5
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(CUSIP Number)
* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures
provided in a prior cover page.
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purposes of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
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<PAGE>
SCHEDULE 13G
CUSIP No. 646144-10-5
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(1) NAMES OF REPORTING PERSONS.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON.
Von Roll Holding AG, f/k/a Von Roll Ltd.
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(2) CHECK THE APPROPRIATE BOX IF A (a) / /
MEMBER OF A GROUP* (b) / /
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Switzerland
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NUMBER OF SHARES (5) SOLE VOTING POWER
BENEFICIALLY ---
OWNED BY EACH --------------------------------------
REPORTING PERSON (6) SHARED VOTING POWER
WITH ---
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(7) SOLE DISPOSITIVE POWER
---
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(8) SHARED DISPOSITIVE POWER
---
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0 shares
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN / /
ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
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(12) TYPE OF REPORTING PERSON (See Instructions)
CO
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<PAGE>
ITEM 1.
(a) Name of Issuer:
New Jersey Steel Corporation
(b) Address if Issuer's Principal Executive Offices:
North Crossman Road, Sayreville, New Jersey 08872
ITEM 2.
(a) Name of Person Filing:
Von Roll Holding AG, f/k/a/ Von Roll Ltd.
(b) Address of Principal Business Office or, if none,
Residence:
CH-4563 Gerlafingen, Switzerland
(c) Citizenship:
Switzerland
(d) Title of Class of Securities:
Common Stock, par value $.01 per share
(e) CUSIP Number:
646144-10-5
ITEM 3. If this statement is filed pursuant to Rule 13d-1(b),
or 13d-2(b), check whether the person filing is a:
Not applicable.
ITEM 4. Ownership.
Not applicable.
ITEM 5. Ownership of Five Percent of Less of a Class.
If this statement is being filed to report the fact
that as of the date hereof the reporting person has
ceased to be the beneficial owner of more than five
<PAGE>
percent of the class of securities, check the following
/X/.
ITEM 6. Ownership More than Five Percent on Behalf of Another
Person.
Not Applicable.
ITEM 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By the
Parent Holding Company.
Not Applicable.
ITEM 8. Identification and Classification of Members of the
Group.
Not Applicable.
ITEM 9. Notice of Dissolution of Group.
Not Applicable.
ITEM 10. Certification.
Not Applicable.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: February 4, 1998
Von Roll Holding AG
BY: /s/ H. Georg Hahnloser
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H. Georg Hahnloser
Chief Operating Officer
