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WCI Steel Announces Extension of Debt Tender Offer

WARREN, Ohio, Nov. 25 /PRNewswire/ -- WCI Steel, Inc. (NYSE: WRN) announced today that it has extended its offer to purchase up to all of its outstanding 10-1/2% Senior Notes due 2002 and the concurrent solicitation of consents to certain proposed amendments to the indenture pursuant to which the notes were issued. The new expiration date is midnight Eastern Standard Time on Tuesday, Nov. 26, 1996. As of 4:30 p.m. EST Friday, $203,113,000 in aggregate principal amount of the notes had been tendered, which represents 98.4 percent of the outstanding principal amount.

WCI Steel, Inc. is an integrated flat-rolled steel producer with an emphasis on custom carbon, alloy and electrical steel products. WCI offers approximately 135 grades of high-quality steel used by strip convertors, steel service centers, electrical equipment manufacturers and the automotive and construction industries.

SOURCE WCI Steel, Inc.
 -0- 11/25/96


/CONTACT: Jack Walter, Director-Corporate Affairs, of WCI Steel, Inc., 330-841-8216/

/WCI Steel's press releases available through Company News On-Call by fax, 800-758-5804, ext. 959038, or at http://www.prnewswire.com/

(WRN)

CO: WCI Steel, Inc. ST: Ohio IN: MNG SU: OFR

BG-SP -- CLM010 -- 3445 11/25/96 07:48 EST http://www.prnewswire.com
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Publication:PR Newswire
Date:Nov 25, 1996
Words:203
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