FOR IMMEDIATE RELEASE

Contact:
         Patricia Sturms/Matthew Sherman
         Abernathy MacGregor Frank
         (212) 371-5999

             WHX CORPORATION COMPLETES ACQUISITION OF HANDY & HARMAN


                  New York -- April  13,  1998 -- WHX  Corporation  (NYSE:  WHX)
announced  today that it has completed its  acquisition of Handy & Harman (NYSE:
HNH), which has been merged with a wholly owned subsidiary of WHX. Each share of
Handy &  Harman  common  stock  not  owned by WHX or its  subsidiaries  has been
converted into the right to receive $35.25 per share in cash.

                  WHX, indirectly through Wheeling-Pittsburgh Steel Corporation,
operates the ninth largest domestic integrated steel business. Handy & Harman is
a  diversified  industrial  manufacturing  company with  operations in materials
engineering  and  specialty  manufacturing.  Handy & Harman's  products  include
electronic components, specialty fasteners, engineered materials, specialty wire
and tubing and fabricated precious metals.

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