CLAYMONT, Del., July 24, 2007 (PRIME NEWSWIRE) -- Claymont Steel Holdings (Nasdaq:PLTE) filed an amended 2006 10-K and first quarter 2007 10-Q after it determined in discussion with its auditors that the 15% Senior Note (redeemed in its entirety on February 14, 2007 with the proceeds of the company's Initial Public Offering), should have been classified as a current liability due to the fact that the company's redemption notice was issued on December 28, 2006. The change has no impact on the company's historical earnings, equity or earnings per share and will have no impact on future earnings.
About Claymont Steel Holdings
Claymont Steel Holdings manufactures and sells custom discrete steel plate in North America through its subsidiary Claymont Steel Inc. Claymont's headquarters and manufacturing facilities are located in Claymont, Delaware. More information is available at /www.claymontsteel.com.
(PLTE-G)