Exhibit 99.2
NOTICE OF GUARANTEED DELIVERY
of
11 1/2% First Mortgage Notes Due 2005
of
SHEFFIELD STEEL CORPORATION
As set forth in the Prospectus, dated ___________, 1998 (as the same may be
amended from time to time, the "Prospectus"), of Sheffield Steel Corporation
(the "Company") under the caption "The Exchange Offer Guaranteed Delivery
Procedures," this form or one substantially equivalent hereto must be used to
accept the Company's offer (the "Exchange Offer") to exchange its 11 1/2% Series
B First Mortgage Notes due 2005 (the "New First Mortgage Notes"), which have
been registered under the Securities Act of 1933, as amended (the "Securities
Act"), for an equal principal amount of its 11 1/2% Series A First Mortgage
Notes due 2005 (the "Old First Mortgage Notes"), if (i) certificates
representing the Old First Mortgage Notes to be exchanged are not lost but are
not immediately available or (ii) time will not permit all required documents to
reach the Exchange Agent prior to the Expiration Date. This form may be
delivered by an Eligible Institution by mail or hand delivery or transmitted,
via facsimile, to the Exchange Agent at its address set forth below not later
than 5:00 p.m., New York City time, on ____________, 1998. All capitalized terms
used herein but not defined herein shall have the meanings ascribed to them in
the Prospectus.
The Exchange Agent is:
STATE STREET BANK AND TRUST COMPANY
By Mail: By Hand:
State Street Bank and Trust Company State Street Bank and Trust Company
Corporate Trust Department Corporate Trust Department
Goodwin Square Goodwin Square
225 Asylum Street, 23rd Floor 225 Asylum Street, 23rd Floor
Hartford, Connecticut 06103 Hartford, Connecticut 06103
Attn: Elizabeth Hammer Attn: Elizabeth Hammer
By Facsimile:
(860) 244-1889
Confirm by Telephone:
(860) 244-1817
DELIVERY, OR TRANSMISSION VIA FACSIMILE, OF THIS INSTRUMENT
TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE
WILL NOT CONSTITUTE A VALID DELIVERY.
Ladies and Gentlemen:
The undersigned hereby tender(s) for exchange to the Company, upon the
terms and subject to the conditions set forth in the Prospectus and Letter of
Transmittal, receipt of which is hereby acknowledged, the principal amount of
Old First Mortgage Notes set forth below pursuant to the guaranteed delivery
procedures set forth in the Prospectus under the caption "The Exchange Offer
Guaranteed Delivery Procedures."
The undersigned understands and acknowledges that the Exchange Offer will
expire at 5:00 p.m., New York City time, on _______________, 1998 unless
extended by the Company. With respect to the Exchange Offer, "Expiration Date"
means such time and date, or if the Exchange Offer is extended, the latest time
and date to which the Exchange Offer is so extended by the Company.
All authority herein conferred or agreed to be conferred by this Notice of
Guaranteed Delivery shall survive the death or incapacity of the undersigned and
every obligation of the undersigned under this Notice of Guaranteed Delivery
shall be binding upon the heirs, personal representatives, executors,
administrators, successors and assigns, trustees in bankruptcy and other legal
representatives of the undersigned.
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SIGNATURES
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Signature of Owner
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Signature of Owner (if more than one)
Dated:______________, 1998
Name(s)
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(Please Print)
Address:
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(Include Zip Code)
Area Code and
Telephone No.:
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Capacity (full title), if signing
in a representative capacity
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Taxpayer Identification or Social Security No.
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Principal Amount of Old First Mortgage Notes Exchanged: $
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Certificate Nos. of Old First Mortgage Notes (if available)
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Total: $
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GUARANTEE OF DELIVERY
(Not to Be Used for Signature Guarantee)
The undersigned, a firm which is a member of a registered national
securities exchange or of the National Association of Securities Dealers, Inc.,
or is a commercial bank or trust company having an office or correspondent in
the United States, or is otherwise an "eligible guaranteed institution" within
the meaning of Rule 17Ad-15 under the Securities Exchange Act of 1934, as
amended, guarantees deposit with the Exchange Agent of the Letter of Transmittal
(or facsimile thereof), together with the Old First Mortgage Notes tendered
hereby in proper form for transfer (or confirmation of the book-entry transfer
of such Old First Mortgage Notes into the Exchange Agent's account at the Book-
Entry Transfer Facility described in the Prospectus under the caption "The
Exchange Offer Guaranteed Delivery Procedures" and in the Letter of Transmittal)
and any other required documents, all by 5:00 p.m., New York City time, on the
fifth New York Stock Exchange trading day following the Expiration Date.
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Name of Firm:
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Authorized Signature
Address: Name:
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Title:
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Area Code and Telephone No.: Date:
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NOTE: DO NOT SEND OLD FIRST MORTGAGE NOTES WITH THIS FORM, ACTUAL SURRENDER
OF OLD FIRST MORTGAGE NOTES MUST BE MADE PURSUANT TO, AND BE ACCOMPANIED BY, THE
LETTER OF TRANSMITTAL.
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