<ARTICLE>                    5
<LEGEND>
The schedule  contains  summary  financial  information  extracted  from the WHX
Corporation  Consolidated  Financial  Statements  as of  June  30,  1997  and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER>         1,000
       
                                         
<PERIOD-TYPE>                               3-MOS
<FISCAL-YEAR-END>                                                DEC-31-1997
<PERIOD-START>                                                   APR-01-1997
<PERIOD-END>                                                     JUN-30-1997
<CASH>                                                                 9,405
<SECURITIES>                                                         417,822
<RECEIVABLES>                                                         17,331
<ALLOWANCES>                                                           1,285
<INVENTORY>                                                          259,731
<CURRENT-ASSETS>                                                     719,835
<PP&E>                                                             1,100,525
<DEPRECIATION>                                                       364,925
<TOTAL-ASSETS>                                                     1,718,341
<CURRENT-LIABILITIES>                                                354,629
<BONDS>                                                              267,996
<COMMON>                                                                 226
<PREFERRED-MANDATORY>                                                      0
<PREFERRED>                                                              589
<OTHER-SE>                                                           613,092
<TOTAL-LIABILITY-AND-EQUITY>                                       1,718,341
<SALES>                                                              128,472
<TOTAL-REVENUES>                                                     128,472
<CGS>                                                                145,515
<TOTAL-COSTS>                                                        174,544
<OTHER-EXPENSES>                                                           0
<LOSS-PROVISION>                                                           0
<INTEREST-EXPENSE>                                                     6,974
<INCOME-PRETAX>                                                     (47,858)
<INCOME-TAX>                                                        (16,751)
<INCOME-CONTINUING>                                                 (31,107)
<DISCONTINUED>                                                             0
<EXTRAORDINARY>                                                            0
<CHANGES>                                                                  0
<NET-INCOME>                                                         (31,107)
<EPS-PRIMARY>                                                          (1.58)
<EPS-DILUTED>                                                          (1.58)