Decrane Alfred C Jr. – ‘4’ for 12/2/99 re: Birmingham Steel Corp.

As of:  Friday, 12/10/99   ·   For:  12/2/99   ·   Accession #:  779334-99-55   ·   File #:  1-09820

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Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Form 4 - December 2, 1999                              2±    11K 


UNITED STATES SECURITIES AND EXCHANGE COMMISSION                                
WASHINGTON, D.C. 20549                                                          
FORM 4                                                                          
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP                                    
(X) Check this box if no longer subject to Section 16.                          
Form 4 or Form 5 obligations may continue. See Instructions 1(b).               
1. Name and Address of Reporting Person                                         
DeCrane, Jr., Alfred C.                                                   
Two Greenwich Place, Suite 300                                            
Greenwich, CT  06836                                                      
USA                                                                       
2. Issuer Name and Ticker or Trading Symbol                                     
Birmingham Steel Corporation                                              
BIR                                                                       
3. IRS or Social Security Number of Reporting Person (Voluntary)                
276-26-0086                                                               
4. Statement for Month/Year                                                     
December 2, 1999                                                          
5. If Amendment, Date of Original (Month/Year)                                  

6. Relationship of Reporting Person(s) to Issuer (Check all applicable)         
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other       
(specify below)                                                           

7. Individual or Joint/Group Filing (Check Applicable Line)                     
(X) Form filed by One Reporting Person                                    
( ) Form filed by More than One Reporting Person                          

                                                        [Enlarge/Download Table]

___________________________________________________________________________________________________________________________________ 
 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
___________________________________________________________________________________________________________________________________|
1. Title of Security       |2.    |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                           | Transaction |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                           |      |      |                                  |  Beneficially     |(D)or |                           |
                           |      |    | |                  | A/|           |  Owned at         |Indir |                           |
                           | Date |Code|V|    Amount        | D |    Price  |  End of Month     |ect(I)|                           |
___________________________________________________________________________________________________________________________________|
                                                                                                                                    
Birmingham Steel Corporatio|      |    | |                  |   |           |                   |      |                           |
n                          |      |    | |                  |   |           |                   |      |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
Common Stock               |      |    | |                  |   |           |3,500              |D     |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
DRIP                       |      |    | |                  |   |           |20                 |D     |                           |
-----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|

___________________________________________________________________________________________________________________________________ 
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con-  |3.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security            |version |Transaction | rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                      |or Exer |     |      | rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                      |cise    |     |      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                      |Price of|     |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                      |Deriva- |     |      |               |Date |Expir|                    |       |ficially    |Ind|            |
                      |tive    |     |      |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                      |Secu-   |     |    | |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                      |rity    |Date |Code|V|  Amount   |   |ble  |     |                    |       |Month       |(I)|            |
___________________________________________________________________________________________________________________________________|
                                                                                                                                    
Right to Buy          |        |     |    | |           |   |     |     |            |       |       |            |   |            |
-----------------------------------------------------------------------------------------------------------------------------------|
Stock Options         |        |     |    | |           |   |     |     |            |       |       |1,500       |D  |            |
-----------------------------------------------------------------------------------------------------------------------------------|
Phanton Stock Units   |        |12/01|J-1 | |137.93     |A  |     |     |Common      |137.93 |7.250  |            |   |            |
                      |        |/99  |    | |           |   |     |     |            |       |       |            |   |            |
-----------------------------------------------------------------------------------------------------------------------------------|
Phanton Stock Units   |        |12/02|J-1 | |137.93     |A  |     |     |Common      |137.93 |7.250  |            |   |            |
                      |        |/99  |    | |           |   |     |     |            |       |       |            |   |            |
-----------------------------------------------------------------------------------------------------------------------------------|
                      |        |     |    | |           |   |     |     |            |       |       |4078.01     |D  |            |
-----------------------------------------------------------------------------------------------------------------------------------|
                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|

Explanation of Responses:                                                       
J-1 = Phanton stock acquired through the Company Non-Employee Directors         
Deferred Compensation Plan                                                      
SIGNATURE OF REPORTING PERSON                                                   
**Catherine W. Pecher is the Reporting Agent                                    
DATE                                                                            
December 10, 1999                                                               

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘4’ Filing		Date		Other Filings
Filed on:		12/10/99
For Period end:		12/2/99		4,  DEFA14A,  DEFN14A
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