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SECURITIES AND EXCHANGE COMMISSION DECLARES EFFECTIVE STATEMENT FOR BETHLEHEM STEEL CORPORATION PUBLIC OFFERING

 BETHLEHEM, Pa., Aug. 24 /PRNewswire/ -- Bethlehem Steel Corporation (NYSE: BS) announced today that the Securities and Exchange Commission had declared effective a registration statement for the public offering of $105 million of 10-3/8 percent Senior Notes due 2003.
 The offering is being managed by Salomon Brothers Inc. Closing is scheduled for Wednesday, Sept. 1, 1993.
 The net proceeds of the offering will be used to finance construction of a facility for the preparation and injection of granular and pulverized coal into blast furnaces at Bethlehem's Burns Harbor Division steel operations in northwest Indiana. Construction of the facility is being partially financed by the U.S. Department of Energy through its Clean Coal Technology demonstration program. Use of this coal injection technology will lower costs and provide environmental benefits. Use of granular and pulverized coal will eliminate the consumption of natural gas in the blast furnaces and reduce the amount of coke needed as the primary fuel, thereby reducing cokemaking requirements.
 /delval/
 -0- 8/24/93
 /CONTACT: H.H. Von Spreckelsen, manager, corporate communications, of Bethlehem Steel, 215-694-3711/
 (BS)


CO: Bethlehem Steel Corporation ST: Pennsylvania IN: MNG SU: OFR

MJ-JM -- PH019 -- 5626 08/24/93 18:09 EDT
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Publication:PR Newswire
Date:Aug 24, 1993
Words:198
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