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Rouge Industries, Inc. Declares First Quarter Dividend

6 March 1998

Rouge Industries, Inc. Declares First Quarter Dividend

    DEARBORN, Mich., March 5 -- Rouge Industries, Inc.
announced today that its Board of Directors approved a first
quarter cash dividend in the amount of three cents ($0.03) per share payable
on April 24, 1998 to shareholders of record at the close of business on
April 10, 1998.
    Rouge Industries is the parent holding company of Rouge Steel Company
whose fully integrated steel making facilities and corporate offices are
located in Dearborn.  Rouge Steel Company principally serves the automotive,
converter and service center markets.

SOURCE  Rouge Industries, Inc.