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Rouge Industries, Inc. Declares Q3 Dividend

11 September 1998

Rouge Industries, Inc. Declares Third Quarter Dividend

    DEARBORN, Mich., Sept. 10 -- Rouge Industries, Inc.
announced today that its Board of Directors approved a third
quarter cash dividend in the amount of three cents ($0.03) per share payable
on October 23, 1998 to shareholders of record at the close of business on
October 9, 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 Industries principally serves the automotive,
converter and service center markets.