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GENEVA STEEL COMPLETES REPAIRS TO DAMAGED BLAST FURNACE

 VINEYARD, Utah, Dec. 13 /PRNewswire/ -- Geneva Steel (NYSE: GNV; PSE) announced today that it has completed repairs to a damaged blast furnace. The Company has restarted the furnace and expects it to reach full production by Wednesday, Dec. 15.
 The Company announced on Nov. 29 that an equipment failure would temporarily interrupt operation of one of its two operating blast furnaces. Iron ore, coke and limestone are smelted in a blast furnace to make molten iron.
 The Company initially planned to start up its third blast furnace to replace production from the damaged furnace. The Company, however, has been able to complete repairs to the damaged furnace and resume production earlier than anticipated, thereby eliminating the need to start up its third furnace.
 Operating costs have temporarily increased as a result of the disruption in production. Similarly, December 1993 shipments are expected to be adversely impacted.
 Geneva Steel is the only integrated steel mill west of the Mississippi River. The Company manufactures hot-rolled steel sheet, plate and pipe for sale primarily in the western and central United States.
 -0- 12/13/93
 /CONTACT: Dennis L. Wanlass of Geneva Steel, 801-227-9302/
 (GNV)


CO: Geneva Steel ST: Utah IN: MNG SU:

JG-SH -- NY069 -- 3207 12/13/93 13:37 EST
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Publication:PR Newswire
Date:Dec 13, 1993
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