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) April 6, 1994
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WEIRTON STEEL CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-10244 06-1075442
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
400 Three Springs Drive, Weirton, WV 26062
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 304-797-2000
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Item 5. OTHER EVENTS
A fire occurred on April 6, 1994 in the Registrant's
Strip Steel Department causing extensive damage to the No. 9 Tandem
Mill, a cold rolling facility. The fire, however, was confined to
the top level of the mill, and as such, it appears the basement,
oil cellars, and computer room were not affected. Ten people
suffered minor injuries. No other facilities sustained damage
impairing their continued operation.
The Registrant has determined to rebuild the Tandem Mill
as quickly as possible. All electrical work and piping will need
to be replaced. The finishing stands did not appear to suffer
damage. Roof dismantling and replacement began April 10, 1994.
The No. 9 Tandem was custom built in 1975; accordingly, some
replacement parts may not be readily available and may need to be
manufactured. An estimate is not currently available on the length
of time the No. 9 Tandem will be out of operation.
The No. 9 Tandem supplied steel coils to the Registrant's
tin mill for further processing. In order to adjust the production
of remaining units, the Registrant's No. 7 and No. 8 Tandem Mills
will run additional turns to handle cold rolling with the No. 7
Tandem running tin plate and the No. 8 Tandem running sheet
products. With the No. 9 Tandem offline, the Registrant estimates
approximately 20% of its production may be affected.
Reflecting the need for reduced manpower, layoffs of
hourly workers began on April 10, 1994, with 241 workers affected.
The Registrant expects to review its manpower situation on a weekly
basis and make adjustments accordingly.
The Registrant's accident investigation committee and
OSHA have not yet released reports on the incident. The Registrant
maintains insurance coverage for both property damage and business
interruption. No estimates have yet been completed on any
insurance claims or the cost of reconstructing the facility.
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 hereunto duly authorized.
WEIRTON STEEL CORPORATION
/s/ William R. Kiefer
William R. Kiefer
Vice President - Law
Dated April 19, 1994
