UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) July 25, 1996
-------------
OREGON STEEL MILLS, INC.
State of Delaware 1-9887 94-0506370
- --------------------------------------------------------------------
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File No.) Identification No.)
1000 SW Broadway, PO Box 5368, Portland, Oregon 97205
- ----------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(503) 223-9228
- ----------------------------------------------------------------------
(Registrant's telephone number, including area code)
Not Applicable
- ----------------------------------------------------------------------
(Former name and former address and former fiscal year, if changed
since last report)
<PAGE>
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) On July 25, 1996, Oregon Steel Mills, Inc. (the "Company")
dismissed its prior certifying accountants, Coopers & Lybrand
L.L.P. ("C&L").
(b) The reports of C&L on the financial statements of the
Company for the two fiscal years preceding the date hereof
contained no adverse opinion or disclaimers of opinion and were
not qualified or modified as to uncertainty, audit scope or
accounting principle.
(c) The decision to dismiss C&L was approved by the Company's
audit committee of the board of directors and ratified by its
entire board of directors.
(d) During the two most recent fiscal years and the subsequent
interim periods to the date hereof, there have been no
disagreements with C&L on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedure, which disagreements if not resolved to the
satisfaction of C&L would have caused them to make reference
thereto in their report on the financial statements for such
years.
(e) During the two most recent fiscal years and the subsequent
interim periods to the date hereof, there were no reportable
events (as such term is defined in Item 304(a)(1)(v) of
Regulation S-K).
(f) The Company has requested that C&L furnish it with a letter
addressed to the Securities and Exchange Commission stating
whether or not it agrees with the above statements. A copy of
such letter will be filed as an Exhibit to an amendment to this
Form 8-K within 10 business days of the filing of this report.
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS
(c) Exhibits
16. Letter from Coopers & Lybrand L.L.P. re change in
certifying accountant.
<PAGE>
SIGNATURE
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 hereunto duly authorized.
Dated: July 30, 1996
-------------
OREGON STEEL MILLS, INC.
By /s/ L. Ray Adams
-------------------------------------
L. Ray Adams
Vice President of Finance and Chief
Financial Officer
EXHIBIT 16
July 29, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Oregon Steel Mills, Inc.
(Commission File Number 1-9887) (copy attached), which we understand
will be filed with the Commission, pursuant to Item 4 of Form 8-K, as
part of the Company's Form 8-K report for the month of July, 1996. We
agree with the statements concerning our Firm in such Form 8-K.
Very truly yours,
/s/ Coopers & Lybrand L.L.P.
