Dated as of March 12, 1998 NatWest Capital Markets Limited McDonald & Company Securities, Inc. PaineWebber Incorporated ECT Securities Corp. c/o Gleacher NatWest Inc. 660 Madison Avenue New York, NY 10021 Dear Sirs: NSM Steel (Delaware) Inc. and NSM...NSM Steel • June 10th, 1998 • NSM Steel Co LTD • New York
