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                                                                   EXHIBIT 10.36


                                Bridge Loan Note


Lender:   Albert Fried & Company, LLC                         New York, New York
Principal Amount:  $3,500,000                                  December 22, 2000

        For Value Received, the undersigned, GENEVA STEEL COMPANY, a Utah
corporation (the "Borrower"), hereby promises to pay to the order of the Lender
set forth above (the "Lender") the Principal Amount set forth above, or, if
less, the aggregate unpaid principal amount of the Bridge Loan (as defined in
the Bridge Loan commitment letter between Lender and Borrower dated as of
December 13, 2000 (the "Commitment Letter")) of the Lender to the Borrower,
payable at such times, and in such amounts, as are specified in the Commitment
Letter.

        The Borrower promises to pay interest on the unpaid principal amount of
such Bridge Loan from the date made until such principal amount is paid in full,
at such interest rates, and payable at such times, as are specified in the
Commitment Letter.

        Both principal and interest are payable in Dollars to Lender in
immediately available funds.

        The Commitment Letter, among other things, provides for the making of a
Bridge Loan to the Borrower in an aggregate amount not to exceed at any time
outstanding the Principal Amount set forth above, the indebtedness of the
Borrower being evidenced by this Note.

        Demand, diligence, presentment, protest and notice of non-payment and
protest are hereby waived by the Borrower.

        This Note shall be governed by, and construed and interpreted in
accordance with, the laws of the State of New York.

        In witness hereof, Borrower agrees to the foregoing as of this 22nd day
of December 2000.


                                      By:   /s/  Ken C. Johnsen
                                      -----------------------------------
                                      Ken C. Johnsen
                                      Executive Vice President