QUAKER CAPITAL MANAGEMENT CORP
SC 13G/A, 2000-02-14
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                 SCHEDULE 13G/A


                    Under the Securities Exchange Act of 1934
                               (Amendment No. 4)*



                            COLD METAL PRODUCTS, INC.
        ----------------------------------------------------------------
                                (Name of Issuer)

                                  Common Shares
        ----------------------------------------------------------------
                         (Title of Class of Securities)

                                    192861102
        ----------------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 1999
        ----------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

      / X / Rule 13d-1(b)
      /   / Rule 13d-1(c)
      /   / Rule 13d-1(d)

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).



<PAGE>

                                 SCHEDULE 13G/A
                               CUSIP NO. 192861102


1.    NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Quaker Capital Management Corporation
      --------------------------------------

2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                        (a)
                                                                             ---
                                                                        (b)   X
                                                                             ---
3.    SEC USE ONLY

4.    CITIZENSHIP OR PLACE OF ORGANIZATION

           Pennsylvania
           ------------

   NUMBER OF            5.  SOLE VOTING POWER                              6,000
    SHARES
  BENEFICIALLY          6.  SHARED VOTING POWER                          312,600
   OWNED BY
      EACH              7.  SOLE DISPOSITIVE POWER                         6,000
   REPORTING
     PERSON             8.  SHARED DISPOSITIVE POWER                     312,600
      WITH

9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

            318,600
            -------

10.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
                                                                            ----

      The Reporting  Person  disclaims  beneficial  ownership of 312,600  shares
      owned by its clients.


11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

            5.00%
            -----

12.   TYPE OF REPORTING PERSON*

             IA
            ----



                               Page 2 of 6 Pages
<PAGE>


                                 SCHEDULE 13G/A
                               CUSIP NO. 192861102


Item 1.

      (a)   Name of Issuer

            Cold Metal Products, Inc.
            --------------------------------------------------------------------

      (b)   Address of Issuer's Principal Executive Offices

            8526 South Avenue, Youngstown, Ohio 44514
            --------------------------------------------------------------------
Item 2.

      (a)   Name of Persons Filing

            Quaker Capital Management Corporation
            --------------------------------------------------------------------

      (b)   Address of Principal Business Office or, if none,
            Residence

            401 Wood Street, Suite 1300, Pittsburgh, PA  15222
            --------------------------------------------------------------------

      (c)   Citizenship

            Pennsylvania, USA
            --------------------------------------------------------------------

      (d)   Title of Class of Securities

            Common Stock
            --------------------------------------------------------------------

      (e)   CUSIP Number

            192861102
            --------------------------------------------------------------------



                               Page 3 of 6 Pages
<PAGE>


                                 SCHEDULE 13G/A
                               CUSIP NO. 192861102


Item 3.     If this  statement   is  filed   pursuant to  ss.ss.240.13d-1(b)  or
            240.13d-2(b) or (c), check whether the person filing is a:

   (a)   /   /    Broker of dealer registered under section 15 of the Act;

   (b)   /   /    Bank as defined in section 3(a)(6) of the Act;

   (c)   /   /    Insurance company as defined in section 3(a)(19) of the Act;

   (d)   /   /    Investment  company  registered   under   section  8  of   the
                  Investment Company Act of 1940;

   (e)   / X /    An investment   adviser  in accordance with ss.240.13d-1(b)(l)
                 (ii)(E);

   (f)   /   /    An employee benefit plan or endowment fund in accordance  with
                  ss.240.13d-1(b)(1)(ii)(F);

   (g)   /   /    A parent holding company or control person in accordance  with
                  ss.240.13d-1(b)(1)(ii)(G);

   (h)   /   /    A savings association as  defined  in  Section  3(b)  of   the
                  Federal Deposit Insurance Act;

   (i)   /   /    A  church  plan  that is  excluded  from the  definition of an
                  investment  company under section  3(c)(14) of the  Investment
                  Company Act of 1940;

   (j)   /   /    Group, in accordance with ss.240.13d-1((b)(l)(ii)(J)

Item 4.     Ownership
            ---------

      (a)   The Reporting Person, in its capacity as investment adviser,  may be
            deemed to be the beneficial owner of 312,600  shares  of  the Common
            Stock of the Issuer which are owned by various  investment  advisory
            clients of the Reporting Person in accounts over which the Reporting
            Person has discretionary authority.  The filing of this report shall
            not be construed as an admission that the Reporting Person is,   for
            purposes of Section 13(d) or 13(g) of the Act, the beneficial  owner
            of these securities.  Additionally, the  Reporting Person and/or its
            principals and employees own 6,000 shares of the Common Stock of the
            Issuer.

      (b)   The shares  covered  by this  report  represent  5.00% of the Common
            Stock of the Issuer.



                               Page 4 of 6 Pages
<PAGE>


                                 SCHEDULE 13G/A
                               CUSIP NO. 192861102


      (c)   The Reporting  Person has shared voting and  dispositive  power over
            312,600  shares owned by its clients and held in accounts over which
            it has  discretionary  authority.  The  Reporting  Person and/or its
            principals and employees have sole voting and dispositive power over
            the 6,000 shares owned by the Reporting Person and/or its principals
            and employees.

Item 5.     Ownership of Five Percent or Less of a Class

            If this  statement  is being filed to report the fact that as of the
date hereof,  the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following:
                                                                  --------------

Item 6.     Ownership of More than Five Percent on Behalf of
            Another Person

            312,600 of the shares with respect to which this report is filed are
owned by a variety of investment advisory clients of the Reporting Person, which
clients are entitled to receive  dividends on and the proceeds  from the sale of
such shares. No client is known to own more than 5% of the class.

Item 7.     Identification and Classification of the Subsidiary Which   Acquired
            the Security Being Reported on by the Parent Holding Company

            Not applicable.

Item 8.     Identification and Classification of Members of the Group

            Not applicable.

Item 9.     Notice of Dissolution of Group

            Not applicable.

Item 10.    Certification

            By signing  below I certify  that,  to the best of my knowledge  and
belief,  the  securities  referred  to above were  acquired  and are held in the
ordinary  course  of  business  and were not  acquired  and are not held for the
purpose of or with the effect of  changing  or  influencing  the  control of the
issuer of the  securities  and were not acquired and are not held in  connection
with or as a participant in any transaction having that purpose or effect.



                               Page 5 of 6 Pages
<PAGE>


                                 SCHEDULE 13G/A
                               CUSIP NO. 192861102


                                    SIGNATURE

            After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.


                              QUAKER CAPITAL MANAGEMENT CORPORATION


                                 February 14, 2000
                                 -----------------------------------------------
                                        Date


                                 /s/ Marek G. Schoeppner
                                 -----------------------------------------------
                                        Signature


                                 Mark G. Schoeppner, President
                                 -----------------------------------------------
                                        Name/Title






                               Page 6 of 6 Pages



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