ACME METALS INC /DE/
8-K, 1995-03-24
STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
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                       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)      March 17, 1995
                                                ------------------------------


                            Acme Metals Incorporated
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


           Delaware                0-14727               36-3802419
--------------------------------------------------------------------------------
(State or other jurisdiction       (Commission          (IRS Employer
 of incorporation)                 File Number)        Identification No.)


         13500 South Perry Avenue, Riverdale, Illinois     60627-1182
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           (Address of principal executive offices)        (Zip Code)



Registrant's telephone number, including area code   (708) 849-2500
                                                   ----------------------------



--------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)

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Item 5.   Other Events.

          On March 17, 1995 the Company issued a press release announcing that
its Acme Steel Company subsidiary ("Acme Steel"), now engaged in a major
modernization and expansion of its steel making operations, has signed a Joint
Development Program Agreement with SMS Schloemann Siemag AG, Dusseldorf ("SMS").

          SMS is the primary equipment supplier for Acme Steel's modernization
and expansion project, which includes installation of a continuous thin slab
caster/hot strip mill at Acme Steel's Riverdale, IL plant.


Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits.

          The following exhibit accompanies this Current Report on Form 8-K:


               Exhibit No.              Description
               -----------              -----------

                  20.1                  Press release issued
                                        on March 17, 1995



                                   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.


                                        ACME METALS INCORPORATED
                                        ---------------------------------------
                                        (Registrant)



                                              /s/ Edward P. Weber, Jr.

Date:  March 23, 1995                   By:
                                           ------------------------------------
                                             Edward P. Weber, Jr.
                                             Vice President, General Counsel and
                                             Secretary


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                                                                    EXHIBIT 20.1

NEWS FROM
--------------------------------------------------------------------------------

[Logo]

FOR IMMEDIATE RELEASE
March 17, 1995


For further information, contact:
Charles A. Nekvasil
Director of Public and Investor Relations
Acme Metals Incorporated
(708) 841-8383, Ext. 2266


                      ACME METALS, SMS SCHLOEMANN SIEMAG AG
                    SIGN JOINT DEVELOPMENT PROGRAM AGREEMENT

RIVERDALE, IL, March 17, 1995 -- Acme Metals Incorporated today announced that
its Acme Steel Company subsidiary, now engaged in a major modernization and
expansion of its steel making operations, has signed a Joint Development Program
Agreement with SMS Schloemann Siemag AG, Dusseldorf.

SMS is the primary equipment supplier for Acme Steel's modernization and
expansion project, which includes installation of a continuous thin slab
caster/hot strip mill at Acme's Riverdale, IL plant.

"Existing installations of the SMS Compact Strip Production (CSP) technology
have successfully cast low- to mid-carbon steels.  SMS has successfully cast
higher carbon and alloy steels on CSP pilot plants.  Under this development
program, we will jointly develop commercial CSP casting practices for those
additional products," explained Brian W.H. Marsden, Acme Metals Chairman and
Chief Executive Officer.

<PAGE>

Acme Metals Incorporated
Acme, Schloeman Agreement Add-1


The agreement includes gain sharing and penalty provisions, along with joint
licensing provisions under which Acme and SMS will share revenues from licensing
improvement patents and process know-how developed by the program.  Terms were
not disclosed.

Acme Metals Incorporated, through its operating subsidiaries, is a fully
integrated producer of steel, steel strapping and strapping tools, welded steel
tube, and auto and light truck jacks.  Its common stock is traded on NASDAQ's
National Market System under the symbol ACME, and on the Toronto Stock Exchange
under the symbol AMK.


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