<ARTICLE> 5
<LEGEND>
THE SCHEDULE  CONTAINS  SUMMARY  FINANCIAL  INFORMATION  EXTRACTED  FROM THE WHX
CORPORATION  CONSOLIDATED  FINANCIAL  STATEMENTS AS OF SEPTEMBER 30, 1998 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                                           
<PERIOD-TYPE>                                 3-MOS
<FISCAL-YEAR-END>                                              DEC-31-1998
<PERIOD-START>                                                 JUL-01-1998
<PERIOD-END>                                                   SEP-30-1998
<CASH>                                                              10,565
<SECURITIES>                                                       484,368
<RECEIVABLES>                                                      130,291
<ALLOWANCES>                                                         2,970
<INVENTORY>                                                        492,476
<CURRENT-ASSETS>                                                 1,137,840
<PP&E>                                                           1,275,134
<DEPRECIATION>                                                     447,464
<TOTAL-ASSETS>                                                   2,564,863
<CURRENT-LIABILITIES>                                              732,483
<BONDS>                                                            896,783
<COMMON>                                                               178
<PREFERRED-MANDATORY>                                                    0
<PREFERRED>                                                            589
<OTHER-SE>                                                         453,032
<TOTAL-LIABILITY-AND-EQUITY>                                     2,564,863
<SALES>                                                            459,563
<TOTAL-REVENUES>                                                   459,563
<CGS>                                                              380,250
<TOTAL-COSTS>                                                      441,078
<OTHER-EXPENSES>                                                         0
<LOSS-PROVISION>                                                         0
<INTEREST-EXPENSE>                                                  23,415
<INCOME-PRETAX>                                                     37,562
<INCOME-TAX>                                                        15,779
<INCOME-CONTINUING>                                                 21,783
<DISCONTINUED>                                                           0
<EXTRAORDINARY>                                                      2,240
<CHANGES>                                                                0
<NET-INCOME>                                                        24,023
<EPS-PRIMARY>                                                         0.91
<EPS-DILUTED>                                                         0.61