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Rouge Industries, Inc. Declares Third Quarter Cash Dividend

11 September 1997

Rouge Industries, Inc. Declares Third Quarter Cash Dividend

    DEARBORN, Mich., Sept. 11 -- Rouge Industries, Inc.
announced today that its Board of Directors declared a third
quarter cash dividend of three cents ($0.03) per share outstanding to
shareholders of record at the close of business on October 10, 1997 and
payable on October 24, 1997.
    Rouge Industries, Inc. is the parent holding company of Rouge Steel
Company, whose single site integrated steel making facilities and corporate
offices are located in Dearborn.  Rouge Steel Company manufactures and markets
premium-quality flat rolled sheet steel to the automotive, converter and
service center markets.

SOURCE  Rouge Industries, Inc.