&lt;SHARON STEEL CORP> EXTENDS EXCHANGE OFFER

  Sharon Steel Corp said it extended
  from March six to March 31 the expiration date for its debt
  exchange offer to allow time to complete the sale of its
  Mueller Brass Co unit and to meet other conditions of the
  offer.
      The exchange offer covers Sharon's outstanding 13.5 pct
  subordinated sinking fund debentures due 2000 and its 14.25 pct
  subordinated sinking fund debentures due 1990.
      Sharon said that as of March six, 31.6 pct of the 13.5 pct
  notes and 20.9 pct of the 14.25 pct notes were tendered. The
  Mueller sale is conditioned on receipt of 80 pct of the notes.
  

