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                                                                     EXHIBIT 21






                 SUBSIDIARIES OF INLAND STEEL INDUSTRIES, INC.


The subsidiaries of Inland Steel Industries, Inc. (other than certain
subsidiaries which, considered in the aggregate as a single subsidiary, do not
constitute a significant subsidiary), each of which is incorporated in the
State of Delaware (except as noted below) and each of which is wholly owned,
either by Inland Steel Industries, Inc. or by one of its wholly owned
subsidiaries, are as follows:

   Inland Steel Company

          Inland Steel Mining Company

          Inland Steel Administrative Service Company (formerly known
          as Inland Steel Finance Company)

   Inland Materials Distribution Group, Inc.
   (formerly known as Inland Steel Services Holding, Inc.)

          Joseph T. Ryerson & Son, Inc.

          J. M. Tull Metals Company, Inc.
          (a Georgia corporation)