---

Rouge Industries Declares Fourth Quarter Dividend

7 December 1999

Rouge Industries Declares Fourth Quarter Dividend

    DEARBORN, Mich., Dec. 7 -- Rouge Industries, Inc.
announced today that its Board of Directors approved a fourth quarter cash
dividend in the amount of three cents ($0.03) per share payable on January 21,
2000 to shareholders of record at the close of business on January 7, 2000.
    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.