<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the December 31, 1996 Consolidated Balance Sheets and Cosolidated Statements of Operations of Birmingham Steel Corporation and is qualified in its entirety by reference to such. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-Mos <FISCAL-YEAR-END> Jun-30-1997 <PERIOD-END> Dec-31-1996 <CASH> 2,747 <SECURITIES> 0 <RECEIVABLES> 107,179 <ALLOWANCES> 1,546 <INVENTORY> 219,519 <CURRENT-ASSETS> 341,972 <PP&E> 842,837 <DEPRECIATION> 151,832 <TOTAL-ASSETS> 1,114,800 <CURRENT-LIABILITIES> 253,734 <BONDS> 333,500 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 297 <OTHER-SE> 455,471 <TOTAL-LIABILITY-AND-EQUITY> 1,114,800 <SALES> 443,562 <TOTAL-REVENUES> 443,562 <CGS> 399,208 <TOTAL-COSTS> 399,208 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 2,534 <INTEREST-EXPENSE> 8,633 <INCOME-PRETAX> 20,793 <INCOME-TAX> 8,525 <INCOME-CONTINUING> 12,268 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 12,268 <EPS-PRIMARY> .43 <EPS-DILUTED> .43