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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) October 3, 1997
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Weirton Steel Corporation
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(Exact name of Registrant as specified in its charter)
Delaware 1-10224 06-1075422
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(State or other jurisdiction (Commission (IRS Employer
of incorporation or File Number) Identification No.)
organization)
400 Three Springs Drive
Weirton, West Virginia 26062-4989
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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.
On October 3, 1997, the Company and Koninklijke Hoogovens NV announced in a
press release they intend to form a joint venture to construct and operate a
300,000 ton per year galvanizing facility. The text of the October 3, 1997,
press release is filed as Exhibit 99 to this Report on Form 8-K.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.
WEIRTON STEEL CORPORATION
Dated: October 3, 1997 /s/ WILLIAM R. KIEFER
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William R. Kiefer
Vice President - Law
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Exhibit 99
NEWS MEDIA CONTACT: FINANCIAL ANALYSTS CONTACT:
GREGG WARREN, DIRECTOR- RICK GARAN,
CORPORATE COMMUNICATIONS ASSISTANT TREASURER
(WEIRTON) 304-797-2828 (WEIRTON) 304-797-2728
-- OR --
CEES BRINK, DIRECTOR
FOR IMMEDIATE RELEASE CORPORATE COMMUNICATIONS
DATE: OCTOBER 3, 1997 (HOOGOVENS/NETHERLANDS)
001-31-251-491622
WEIRTON STEEL, KONINKLIJKE HOOGOVENS
ANNOUNCE GALVANIZING JOINT VENTURE
(Attention Editors: The English translation for Koninklijke is Royal. It
is appropriate to use either word in the company's name).
WEIRTON, W.VA. -- Weirton Steel Corp. (NYSE: WS) and Koninklijke (Royal)
Hoogovens NV today announced they intend to form a joint venture to construct
and operate a 300,000 ton per year galvanizing facility.
The joint venture, yet unnamed, is expected to be completed in early 1999.
It will produce light gauge, 60-inch wide hot-dipped galvanized sheet and will
be located in either Indiana or Mississippi.
James B. Bruhn, Weirton's executive vice president--commercial, will
become the joint venture's president and chief executive officer.
Weirton and Royal Hoogovens, a Netherlands-based international steel and
aluminum producer, will each hold an equal interest in the joint venture. Both
companies intend to supply cold rolled steel to the joint venture.
Officials from both companies noted the joint venture will help enhance
their presence in the steadily growing galvanized market. Weirton
representatives, noting this is the company's first manufacturing joint
venture, said the project is consistent with their strategy of forming
alliances with partners that will share and leverage core competencies to meet
customer needs.
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-- CONTINUED --
PAGE 2/WEIRTON-ROYAL HOOGOVENS
OCTOBER 3, 1997
Weirton, the eighth largest U.S. integrated steel company, produces hot
and cold rolled, galvanized and tin plated products. The company, with its
primary focus on light gauge products, last year shipped 2.8 million tons of
products with net sales totaling $1.4 billion.
Royal Hoogovens, with sales revenue in 1996 of $4.3 billion on 6.6 million
tons of steel shipped, has production facilities and joint ventures in Europe
and Asia
The company also has been operating in the U.S. for four decades. At
present, Royal Hoogovens has several production facilities throughout the
country as well as an extensive sales network.
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FOR FURTHER INFORMATION ABOUT BOTH COMPANIES, VISIT THEIR RESPECTIVE WEB SITES:
WEIRTON STEEL: WWW.WEIRTON.COM
ROYAL HOOGOVENS: WWW.HOOGOVENS.NL
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