Renco Metals Inc – ‘NT 10-K’ for 10/31/00

On:  Tuesday, 1/30/01, at 5:07pm ET   ·   For:  10/31/00   ·   Accession #:  914121-1-104   ·   File #:  33-68230

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Notice of a Late Filing of a Form 10-K   —   Form 12b-25
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: NT 10-K     Form 12B-25                                            5     12K 

NT 10-K
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 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

 WASHINGTON, D. C. 20549

 FORM 12B-25

 NOTIFICATION OF LATE FILING

Commission File Number 001-12837

/x/ Form 10-K / / Form 20-F / / Form 11-K / / From 10-Q / / Form N-SAR (Check   
One):                                                                           

For Period Ended: October 31, 2000

[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
 [ ] Transition Report on Form N-SAR

For the Transition Period Ended:
--------------------------------------------------------------------------------

NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS        
VERIFIED ANY INFORMATION CONTAINED HEREIN.                                      

NT 10-K
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If the notification relates to a portion of the filing checked above, identify  
the Item(s) to which the notification relates:                                  
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PART 1 -- REGISTRANT INFORMATION

Renco Metals, Inc.
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 Full Name of Registrant

 N/A
--------------------------------------------------------------------------------
 Former Name if Applicable

 238 North 2200 West
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 Address of Principal Executive Office (Street and Number)

Salt Lake City, UT 84116
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City, State and Zip Code

NT 10-K
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 PART II -- RULES 12b-25 (b) and (c)

If the subject report could not be filed without unreasonable effort or expense 
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed.                                                                   
(Check box if appropriate)                                                      

    [X] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;            

      [X] (b) The subject annual report, semi-annual report, transition report
on Form 10-K, 20-F, 11-K, or Form N-SAR, or portion thereof, will be filed on or
before the fifteenth calendar day following the prescribed due date; or the     
subject quarterly report or transition report on Form 10-Q, or portion thereof  
will be filed on or before the fifth calendar day following the prescribed due  
date; and                                                                       

     [ ]     (c) The  accountant's  statement or other  exhibit  required by
Rule 12b-25(c) has been attached if applicable.   

 PART III -- NARRATIVE

State below in  reasonable  detail the reasons  why the Form 10-K,  20-F,  11-K,
N-SAR, or the transition  report or portion  thereof,  could not be filed within
the prescribed time period. (ATTACH EXTRA SHEETS IF NEEDED)                     

The Registrant's Annual Report on Form 10-K for the fiscal year ended October   
31, 2000 could not be filed within the prescribed time period due to delay in   
obtaining and compiling financial and other information required to be included 
in the Form 10-K, which delay could not be eliminated by the Company without    
unreasonable effort and expense.                                                

NT 10-K
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PART IV -- OTHER INFORMATION

(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
notification.                                                                   

Roger L. Fay                  (212)                   541-6000      
------------------           -----------        ---------------------   
(Name)                   (Area Code)          (Telephone Number)

(2) Have all other periodic reports required under Section 13 or 15(d) of the   
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of  
1940 during the preceding 12 months or for such shorter period that the         
registrant was required to file such reports been filed? If answer is no,       
identify report(s).                                                             

[X] Yes     [ ] No                                                      

(3) Is it anticipated that any significant change in results of operations from 
the corresponding period for the last fiscal year will be reflected by the      
earnings statements to be included in the subject report or portion thereof?    

[X] Yes     [ ] No                                                      

    If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.                                                  

Explanation: A significant change in results of operations from the             
corresponding period for the last fiscal year is the continued worsening of     
magnesium market conditions, as has been reported in the registrant's quarterly 
reports on Form 10-Q throughout fiscal 2000. For fiscal year 2000, magnesium    
sales volume declined approximately 13% and magnesium sales prices declined     
approximately 7% when compared to the corresponding prior period. Net sales in  
the magnesium segment declined by a total of approximately $23 million.         

As disclosed on the registrant's current report on Form 8-K filed December 19,  
2000, subsequent to the registrant's October 31, 2000 fiscal year end, the      
registrant exited the steel wholesaling and fabricating business when it sold   
all the outstanding shares of capital stock of its subsidiary, Sabel Industries,
Inc. The transaction resulted in a loss on disposal estimated at $1.7 million.  
Accordingly, the estimated loss on disposal will be recognized in the financial 
statements for the period ended October 31, 2000, and the steel segment's       
operating results will be presented as discontinued operations. Sabel's net     
income for 2000 was $154,000.                                                   

Subject to review by independent auditors, the registrant's net income (loss)   
from continuing operations declined by an estimated $24.8 million, from net     
income from continuing operations of $5.4 million in 1999 to a net loss from    
continuing operations of $19.4 million in 2000. Net loss for 2000 is estimated  
to be $20.9 million, compared to net income of $5.3 million in 1999.            

NT 10-K
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Renco Metals, Inc.
------------------------------------------------------
(Name of Registrant as Specified in Charter)

has  caused  this  notification  to be signed on its  behalf by the  undersigned
hereunto duly authorized.                                                       

Date: January 30, 2001                     /s/ Roger L. Fay               
         ----------------                     ----------------------------------
                               Name:  Roger L. Fay
                                           Title: Vice President - Finance

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘NT 10-K’ Filing		Date		First		Last			Other Filings
Filed on:		1/30/01		5
		12/19/00		4					8-K
For Period End:		10/31/00		1		4
									List all Filings