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) January 31,
1997
Weirton Steel Corporation
(Exact name of Registrant as specified in its charter)
Delaware 1-10244 06-1075442
(State or other jurisdiction (Commission (IRS or
of incorporation) File Number) employer ID
No.)
400 Three Springs Drive
Weirton, West Virginia
(Address of principal executive offices)
26062-4989
(Zip Code)
Registrant's telephone number, including area code (304) 797-2000
Item 5. OTHER EVENTS.
On February 4, 1997, the Company formally announced in a press
release that the Company would be adversely affected by
approximately $5.0 million in the first quarter of 1997 by an
outage at its hot strip mill which commenced on January 31, 1997
and was expected to last for approximately one week. The text of
the February 4, 1997 press release is filed as Exhibit 1 to this
Report on Form 8-K.
EXHIBIT 1.
News Media Contact: Analysts Contact:
Gregg Warren, Director Rick Garan,
Director
Corp. Communications Investor
Relations
304-797-2828 304-797-2728
February 4, 1997
For Immediate Release
WEIRTON STEEL EXPERIENCES HOT MILL OUTAGE
WEIRTON, W. Va.-- Weirton Steel Corp. (NYSE:WS) today said
it expects its 1997 first quarter operating performance to be
adversely affected due to an outage which began late last week of
its hot strip mill.
The loss of production from this incident, together with
minor disruptions in its primary metals facilities in January,
will adversely affect the company's operating income for the
first quarter by approximately $5 million.
The hot strip mill was idled Jan. 31, after an electrical
short circuit halted a 7,000 horsepower motor which drives the
mill's reversing rougher. The reversing rougher is a step in
reducing nine-inch thick steel slabs into thin coils of steel.
Originally, the company expected the hot strip mill to
return to service over the weekend, however, it now anticipates
the mill will resume operations by the end of this week.
"The necessary repairs, installation and testing of
replacement components means that we will incur about a week of
downtime on our hot strip mill in addition to some of our other
downstream finishing operations," said Gregg Warren, company
spokesman.
The company plans to mitigate the impact of the hot strip
mill outage by scheduling one additional turn per week on the
unit once it has been returned to service.
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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: February 4, 1997
/s/ William R. Kiefer
________________________
William R. Kiefer
Vice President - Law
