8-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                              --------------------

                                    FORM 8-K

                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934



Date of Report (Date of earliest event reported): SEPTEMBER 30, 1997
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                                 WHX Corporation
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(Exact name of registrant as specified in its charter)


     DELAWARE                   1-2394             13-3768097
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(State or other jurisdiction    (Commission       (IRS Employer
   of incorporation)            File Number)   Identification No.)

                 110 East 59th Street, New York, New York 10022
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                     Address of principal executive offices


Registrant's telephone number, including area code: (212) 355-5200

                                       N/A
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         (Former name or former address, if changed since last report.)






         Item 5.           OTHER EVENTS.

                  On September 30, 1997, WHX Corporation issued a press release,
which is set forth as Exhibit 99.1 to this Current Report.






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    EXHIBIT NO.                                 EXHIBITS
    -----------                                 --------

     99.1                           Press  Release  of  WHX  Corporation   dated
                                    September 30, 1997.



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                                    SIGNATURE


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                           WHX Corporation


Dated: October 1, 1997                     By:/S/ Ronald LaBow
                                              ---------------------------------
                                              Name:   Ronald LaBow
                                              Title: Chairman of the Board


                                       -4-

EX-99.1

                                  EXHIBIT 99.1


                   WHX ANNOUNCES THIRD-QUARTER SPECIAL CHARGE


         NEW  YORK,  September  30,  1997  -- WHX  Corporation,  parent  firm of
Wheeling-Pittsburgh  Steel  Corporation,  said today it  anticipates  a one-time
special charge of approximately  $90 million in the third quarter as a result of
the previously  reported labor  agreement  between  Wheeling-Pittsburgh  and the
United Steelworkers of America.

         The charge is related to  retirement  enhancements  ($70  million)  and
various short-term signing bonus/unemployment  payments ($20 million) stipulated
in the labor  agreement.  Approximately  20 percent of the union  workforce  has
elected and will retire under the retirement enhancement program.

         In addition to the $70 million retirement  enhancement charge, WHX will
record an  additional  pension  liability of  approximately  $78 million with an
equal amount  recorded as an intangible  asset.  The total pension  liability at
September 30, 1997 is anticipated to be approximately $160 million.

         Wheeling-Pittsburgh  Steel is the ninth largest  integrated steel maker
in the United States. Its approximately 4,300 union workers ratified a five-year
labor  agreement on August 12. Since then, the company has restarted  operations
at all of its facilities and recalled more than half of its union workforce.