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
NOVEMBER 27, 1996
Date of Report (Date of earliest event reported)
ROUGE STEEL COMPANY
(Exact Name of Registrant as Specified in its Charter)
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DELAWARE 1-12852 38-2386833
(State of Organization) (Commission File Number) (IRS Employer Identification Number)
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3001 MILLER ROAD
DEARBORN, MICHIGAN 48121
(Address of Registrant's Principal Executive Office) (Zip Code)
(313) 390-6877
(Registrant's telephone number, including area code)
NG18144.1
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ITEM 5. OTHER EVENTS.
On November 27, 1996, the Registrant announced that it had encountered a
series of problems with its largest blast furnace. Reference is made to the
press release, dated November 27, 1996, which is annexed hereto as Exhibit 20.1
and incorporated by reference herein, for information regarding the
announcement.
ITEM 7. EXHIBITS.
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EXHIBIT NO. DESCRIPTION OF DOCUMENT
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20.1 Press Release, dated November 27, 1996.
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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.
ROUGE STEEL COMPANY
(Registrant)
By: /S/ GARY P. LATENDRESSE
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Gary P. Latendresse
Vice President and Chief Financial Officer
Date: December 5, 1996
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EXHIBIT INDEX
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EXHIBIT NO. DESCRIPTION OF DOCUMENT PAGE NO.
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20.1 Press Release, dated November 27, 1996. 5
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EXHIBIT 20.1
ROUGE STEEL IRON PRODUCTION RETURNS TO NORMAL
Dearborn, MI, November 27, 1996 -- Rouge Steel Company (NYSE:ROU)
reported today that it has encountered operating problems with its largest
blast furnace resulting in an unexpected loss of approximately 50,000 tons of
iron production in November. Rouge Steel had recently completed a $35 million
reline of this furnace which was returned to production on October 28, 1996.
According to Louis D. Camino, president and chief operating officer,
"After completing our reline and a successful start-up, we experienced a series
of operating problems which resulted in the temporary shutdown of our "C" blast
furnace. The recovery process has been slow, but the furnace is now responding
to our efforts and is approaching its expected operating rate."
According to Gary P. Latendresse, vice president and chief financial
officer, "The recent "C" blast furnace production loss and its impact on
downstream operations are expected to reduce the Company's operating income in
the fourth quarter of 1996 by $5 million."
Rouge Steel company is a fully integrated producer of premium-quality
flat rolled sheet steel. Its single site manufacturing facilities and
corporate offices are located in Dearborn, Michigan. It principally serves the
automotive, converter and service center markets.
