Exhibit 99.1

FOR IMMEDIATE RELEASE



                  WHX CORPORATION EXTENDS CONSENT SOLICITATION
                        FOR 10 1/2% SENIOR NOTES DUE 2005


New York, September 27, 2000 -- WHX Corporation (NYSE: WHX) today announced that
it is extending the expiration date for its consent solicitation relating to its
10 1/2% Senior Notes due 2005 (the  "Notes")  until 5:00 p.m. New York City time
on October 3,  2000,  unless  further  extended  by WHX prior to such time.  The
record date for the consent solicitation is the expiration date, as so extended.
WHX  commenced  soliciting  consents  from holders of its Notes to amendments of
certain  covenants and other provisions of the indenture  governing the Notes on
September 18, 2000.

The detailed terms and conditions of the consent  solicitation  are contained in
the consent  solicitation  statement dated September 18, 2000.  Holders of Notes
can obtain copies of the  Solicitation  Statement and related  material from the
information agent for the consent solicitation,  Innisfree M&A, Incorporated, at
(888)  750-5834  (toll free) or (212) 750-5833  (collect).  Donaldson,  Lufkin &
Jenrette ("DLJ") is acting as Solicitation Agent for the solicitation. Questions
regarding  the  solicitation  can be  addressed to DLJ at (310)  282-7495  (call
collect).

WHX is a holding  company that has been structured to invest in and/or acquire a
diverse group of businesses on a decentralized  basis.  WHX's primary businesses
currently  are  Handy  &  Harman,  a  diversified  manufacturing  company  whose
strategic business segments encompass, among others, specialty wire, tubing, and
fasteners,  and precious metals plating and  fabrication,  and WPC, a vertically
integrated  manufacturer of value-added  and flat rolled steel  products.  WHX's
other businesses include Unimast  Incorporated,  a leading manufacturer of steel
framing and other products for commercial and residential  construction  and WHX
Entertainment  Corp.,  a co-owner  of a  racetrack  and video  lottery  facility
located in Wheeling, West Virginia.


This  press  release  contains  certain  forward-looking  statements  within the
meaning of Section 27A of the  Securities  Act of 1933, as amended,  and Section
21E of the Securities Exchange Act of 1934, as amended, which are intended to be
covered by the safe harbors  created  thereby.  Investors are cautioned that all
forward-looking statements involve risks and uncertainty.  Although WHX believes
that the assumptions underlying the forward-looking  statements contained herein
are reasonable, any of the assumptions could be inaccurate, and therefore, there
can be no assurance that the  forward-looking  statements included in this press
release will prove to be  accurate.  In light of the  significant  uncertainties
inherent in the  forward-looking  statements  included herein,  the inclusion of
such


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information  should  not be  regarded  as a  representation  by WHX or any other
person that the objectives and plans of WHX will be achieved.

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Contact:          Niron Stabinsky
                  Donaldson, Lufkin & Jenrette
                  (310) 282-7495



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