Financial Highlights
| (Dollars in millions, except per share data) | 1996 | 1995 |
| For The Year Net Sales |
$ 4,679.0 | $ 4,867.5 |
| Estimated restructuring loss | 465.0 | - |
| Income from operations before restructuring loss | 136.6 | 268.9 |
| Net income | (308.8) | 179.6 |
| Net income per Common share | (3.15) | 1.24 |
| Cash provided from operating activities | 340.8 | 586.3 |
| Capital expenditures | 259.0 | 266.8 |
| Depreciation | 268.7 | 284.0 |
| Raw steel production capability (net tons in thousands) |
10,500 | 11,500 |
| Raw steel production (net tons in thousands) | 9,447 | 10,449 |
| Steel products shipped (net tons in thousands) | 8,782 | 8,986 |
| Average number of employees receiving pay | 17,800 | 19,500 |
| At Year End Cash and cash equivalents |
$ 136.6 | $ 180.0 |
| Available borrowings under bank commitments | 309.9 | 332.0 |
| Total debt and capital lease obligations | 546.7 | 638.3 |
| Stockholders' equity | 966.0 | 1,238.3 |
| Total debt as a percent of invested capital | 36 % | 34 % |
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