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Rouge Industries Declares Third Quarter Dividend

21 September 1999

Rouge Industries Declares Third Quarter Dividend

    DEARBORN, Mich., Sept. 20 -- 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 22, 1999 to shareholders of record at the close of business on
October 8, 1999.
    Rouge Industries is the parent holding company of Rouge Steel Company
whose fully integrated steel making facilities and corporate offices are
located in Dearborn, Mich.  Rouge Industries principally serves the
automotive, converter and service center markets.