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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): September 30, 1996
REPUBLIC ENGINEERED STEELS, INC.
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(Exact Name of Registrant as specified in its charter)
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Delaware File No. 33-70578 52-1635079
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(State or other jurisdiction (Commission File Number) (IRS Employer Identification No.)
of incorporation)
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410 Oberlin Road, S.W. Massillon, Ohio 44647
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (216) 837-6000
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Not Applicable
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(Former name or former address, if changed since last report)
Exhibit Index on Page 4
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ITEM 5. Other Events
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On September 30, 1996, Republic Engineered Steels, Inc. ("Republic")
issued the attached press release concerning recent analysts' projections for
the fiscal quarter ending September 30, 1996.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibit:
99 Republic's Press Release, dated September 30, 1996.
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SIGNATURE
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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 thereunto duly authorized.
REPUBLIC ENGINEERED STEELS, INC.
Date: October 1, 1996 /s/ Russell W. Maier
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Russell W. Maier
President and Chief Executive Officer
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REPUBLIC ENGINEERED STEELS, INC.
FORM 8-K
CURRENT REPORT
Exhibit Index
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Exhibit No. Description Page
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99 Press Release, dated September 30, 1996 5
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PRESS RELEASE
EXHIBIT 99
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[REPUBLIC LOGO]
Engineered Steels NEWS RELEASE
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EXH. 99
FOR IMMEDIATE RELEASE
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INVESTOR RELATIONS CONTACT: MEDIA CONTACT:
John George Marian Carpenter
Treasurer Director, Corporation Communications
(330) 837-6491 (330) 837-6302
e-mail:[email protected]
REPUBLIC COMMENTS ON INDUSTRY CONDITIONS
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MASSILLON, Ohio -- September 30, 1996 -- Republic Engineered Steels, Inc.
(Nasdaq-NNM: REPS) today indicated that certain recent analysts' projections for
the September 30 quarter appear not to have taken into account the continued
difficult current environment for steel producing companies. While Republic as a
general rule does not comment on analysts' projections, it was concerned that
the analysts' projections did not reflect the magnitude of price reductions in
the industry. The Company noted that imports of stainless steel, one of the
Company's higher-priced value added product lines, have increased significantly
and that, while the Company's total net tons shipped for the quarter appears to
be within estimates, the mix for the current quarter appears to have consisted
of increased sales of semi-finished steels rather than higher margin, value
added finished steels.
Republic Engineered Steels, Inc. is the leading domestic producer of
carbon and alloy high quality engineered bar, stainless, tool steels and
remelted specialty steels designed to meet the world's most demanding
applications. Headquartered in Massillon, Ohio, Republic has 10 plants located
in Ohio, Pennsylvania, Connecticut, Maryland, Indiana and Illinois.
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