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WEIRTON STEEL ISSUES ANNOUNCEMENT

WEIRTON STEEL ISSUES ANNOUNCEMENT
 WEIRTON, W.Va., Sept. 30 /PRNewswire/ -- Weirton Steel Corporation (NYSE: WS) announced today that it has issued 2,000,000 shares of its common stock, valued at $8.25 million, to the company's pension plan.
 This transaction results in an increase in Weirton's stockholders' equity of $8.25 million. Under the terms of the transaction, the company has agreed to reimburse the pension plan for losses incurred by it due to certain resales of the shares in the event of a decline in the market price to $3-1/4.
 A similar transaction took place last Sept. 30, when the company issued 3,870,968 shares to the pension plan for $15 million.
 Weirton Steel employs approximately 6,700 at its integrated flat rolled mill in Weirton.
 -0- 09/30/92
 CONTACT: Richard W. Garan, director media and investor relations, 304-797-2728
 (WS) CO: WEIRTON STEEL CORPORATION IN: MNG ST: WV -- PG019 -- X672 09/30/92
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Publication:PR Newswire
Date:Sep 30, 1992
Words:158
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