STEEL OF WEST VIRGINIA INC
SC 13G, 1996-02-14
STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
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<PAGE>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                             (Amendment No.       )*
                                            ------

                          STEEL OF WEST VIRGINIA, INC.
                       ----------------------------------
                                (Name of Issuer)


                                  COMMON STOCK
                       ----------------------------------
                         (Title of Class of Securities)

                                    858154107
                       ----------------------------------
                                 (CUSIP Number)

   Check the  following box if a fee is being paid with this statement /X/.  (A
fee is not required only if the filing person:  (1) has a previous statement on
file reporting  beneficial  ownership of more than five percent of the class of
securities  described in Item 1;  and (2)  has  filed no  amendment  subsequent
thereto reporting  beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)

   *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 the disclosures provided in a prior page.

   The information  required in the  remainder of this  cover page shall not be
deemed to be "filed"  for the purpose 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).


                              Page 1 of  5  Pages
                                        ---

<PAGE>

CUSIP No. 858154107                    13G                 Page 2   of 5   Pages
          ---------                                            ---    ---

- -------------------------------------------------------------------------------
 (1) Names of Reporting Persons.  S.S. or I.R.S. Identification Nos. of Above
     Persons

                    SKYLINE ASSET MANAGEMENT, L.P.

- -------------------------------------------------------------------------------
 (2) Check the Appropriate Box if a Member     (a)  / /
     of a Group*                               (b)  / /

                    NOT APPLICABLE
- -------------------------------------------------------------------------------
 (3) SEC Use Only


- -------------------------------------------------------------------------------
 (4) Citizenship or Place of Organization

                    DELAWARE

- -------------------------------------------------------------------------------
Number of Shares              (5) Sole Voting
 Beneficially                       Power              NONE
 Owned by                    --------------------------------------------------
 Each Reporting               (6) Shared Voting
 Person With                        Power              383,300
                             --------------------------------------------------
                              (7) Sole Dispositive
                                    Power              NONE
                             --------------------------------------------------
                              (8) Shared Dispositive
                                    Power              383,300
- -------------------------------------------------------------------------------
 (9) Aggregate Amount Beneficially Owned by Each Reporting Person

                    383,300
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*

                    NOT APPLICABLE
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)

                    6.0%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person*

                    IA - INVESTMENT ADVISER
- -------------------------------------------------------------------------------
                    *SEE INSTRUCTION BEFORE FILLING OUT!


                                Page 2 of 5 pages

<PAGE>

                       Securities and Exchange Commission
                              Washington, DC 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934


Check the following box if a fee is being paid with this statement:   /X/

Item 1(a)- Name of Issuer:

          STEEL OF WEST VIRGINIA, INC.

      (b)- Address of Issuer's Principal Executive Offices:

          17TH STREET & 2ND AVENUE
          HUNTINGTON, WEST VIRGINIA  25703

Item 2(a)- Name of Person Filing:

          THE SHARES REPORTED HEREIN ARE HELD BY SKYLINE ASSET MANAGEMENT, L.P.
          ("SKYLINE") AS INVESTMENT ADVISER TO CERTAIN CLIENT ACCOUNTS
          ("ACCOUNTS") OVER WHICH SKYLINE EXERCISES DISCRETION.

      (b)- Address of Principal Business Office:

          311 SOUTH WACKER DRIVE, SUITE 4500
          CHICAGO, IL 60606

      (c)- Citizenship:

          SKYLINE ASSET MANAGEMENT, L.P. IS A DELAWARE LIMITED PARTNERSHIP.

      (d)- Title of Class of Securities:

          COMMON STOCK

      (e)- CUSIP Number:

          858154107


Page 3 of  5.

<PAGE>

Item 3- Type or Person:

      (e) INVESTMENT ADVISER REGISTERED UNDER SECTION 203 OF THE INVESTMENT
      ADVISERS ACT OF 1940.

Item 4- Ownership (at December 31, 1995):

      (a)- Amount owned "beneficially" within the meaning of rule 13d-3:

       383,300 SHARES

      (b)- Percent of class:

       6.0%

      (c)- Number of shares as to which such person has:

        (i)-   Sole voting power                       NONE

        (ii)-  Shared voting power                     383,300 SHARES *

        (iii)- Sole dispositive power                  NONE

        (iv)-  Shared dispositive power                383,300 SHARES *

* THE FILING OF THIS SCHEDULE 13G SHALL NOT BE CONSTRUED AS AN ADMISSION THAT
SKYLINE IS, FOR PURPOSES OF SECTION 13(d) AND 13(g) OF THE SECURITIES EXCHANGE
ACT OF 1934, THE BENEFICIAL OWNER OF ANY SECURITIES COVERED BY THIS STATEMENT.
HOWEVER, PURSUANT TO RULE 13d-3(a), THE 383,300 SHARES BENEFICIALLY OWNED BY THE
ACCOUNTS, WITH RESPECT TO WHICH SKYLINE HAS BEEN DELEGATED SHARED VOTING POWER
AND SHARED DISPOSITIVE POWER, ARE CONSIDERED TO BE SHARES BENEFICIALLY OWNED BY
SKYLINE SOLELY BY REASON OF SUCH DESIGNATED POWERS.

Item 5- Ownership of Five Percent or Less of a Class:

     NOT APPLICABLE.

Item 6- Ownership of More than Five Percent on Behalf of Another Person:

     THE SHARES REPORTED HEREIN HAVE BEEN ACQUIRED BY SKYLINE ON BEHALF OF THE
ACCOUNTS.  PERSONS OTHER THAN SKYLINE ARE ENTITLED TO RECEIVE ALL DIVIDENDS
FROM, AND PROCEEDS FROM THE SALE OF, THOSE SHARES.


Page 4 of 5.

<PAGE>

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:

     By signing below, I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.

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.

Date:     2-13-96
      --------------

                              SKYLINE ASSET MANAGEMENT, L.P.

                              By: /s/ Scott C. Blim
                                  --------------------------
                                   Scott C. Blim

                              Its:  Chief Operating Officer
                                    ------------------------


Page 5 of 5.



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