<ARTICLE> 5
<MULTIPLIER> 1,000,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                             107
<SECURITIES>                                         0
<RECEIVABLES>                                    1,020
<ALLOWANCES>                                        11
<INVENTORY>                                      1,767
<CURRENT-ASSETS>                                 3,243
<PP&E>                                          25,634
<DEPRECIATION>                                  14,420
<TOTAL-ASSETS>                                  17,352
<CURRENT-LIABILITIES>                            2,733
<BONDS>                                          5,442
<COMMON>                                           372<F1>
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        112
<OTHER-SE>                                       3,907
<TOTAL-LIABILITY-AND-EQUITY>                    17,352
<SALES>                                          5,038
<TOTAL-REVENUES>                                 5,038
<CGS>                                            4,642
<TOTAL-COSTS>                                    4,642
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 133
<INCOME-PRETAX>                                    249
<INCOME-TAX>                                        95
<INCOME-CONTINUING>                                154
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       154
<EPS-PRIMARY>                                        0<F2>
<EPS-DILUTED>                                        0<F3>
<FN>
<F1>Consists of Marathon Stock issued, $287; Steel Stock issued, $76; Delhi
Stock issued, $9.
<F2>Primary earnings per share applicable to Marathon Stock, $0.26;
Steel Stock, $0.89; Delhi Stock $0.30.
<F3>Fully diluted earnings per share applicable to Marathon Stock,
$0.26; Steel Stock, $0.86; Delhi Stock, $0.30.
</FN>