1
1995
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
AMENDMENT NO. 1
TO ANNUAL REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1995
Commission file number 1-9117
INLAND STEEL INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 36-3425828
(State of Incorporation) (I.R.S. Employer Identification No.)
30 West Monroe Street, 60603
Chicago, Illinois (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (312) 346-0300
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2
AMENDMENT NO. 1
The undersigned registrant hereby amends the following items,
financial statements, exhibits and other portions of its Annual Report for 1995
on Form 10-K:
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K.
(A) DOCUMENTS FILED AS A PART OF THIS REPORT.
1. CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY. The consolidated
financial statements listed below are set forth in the Company's Annual
Report to Stockholders for the fiscal year ended December 31, 1995, and
are incorporated by reference in Item 8 of this Annual Report on Form
10-K.
Report of Independent Accountants dated February 19, 1996.
Statement of Accounting and Financial Policies.
Consolidated Statements of Operations and Reinvested Earnings for
the three years ended December 31, 1995.
Consolidated Statement of Cash Flows for the three years ended
December 31, 1995.
Consolidated Balance Sheet at December 31, 1995 and 1994.
Schedules to Consolidated Financial Statements at December 31, 1995
and 1994, relating to:
Investments and Advances.
Property, Plant and Equipment.
Long-Term Debt.
Notes to Consolidated Financial Statements.
2. FINANCIAL STATEMENT SCHEDULES OF THE COMPANY.
Report of Independent Accountants on Financial Statement Schedules
dated February 19, 1996. (Included on page 26 of this Report)
Consent of Independent Accountants. (Included on page 26 of this
Report)
For the years ended December 31, 1995, 1994 and 1993:
Schedule I -- Condensed Financial Information (Parent Company
Only). (Included on pages 27 to 29, inclusive, of this
Report)
Schedule II -- Reserves. (Included on page 30 of this Report)
3. CONSOLIDATED FINANCIAL STATEMENTS OF INLAND MATERIALS DISTRIBUTION
GROUP, INC.
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The consolidated financial statements listed below are set forth in
Appendix A on pages A-1 to A-14 inclusive, of this Report.
Report of Independent Accountants dated February 19, 1996.
(Page A-2)
Consolidated Statements of Operations and Reinvested Earnings for
the three years ended December 31, 1995. (Page A-3)
Consolidated Statement of Cash Flows for the three years ended
December 31, 1995. (Page A-4)
Consolidated Balance Sheet at December 31, 1995 and 1994.
(Page A-5)
Statement of Accounting and Financial Policies. (Page A-6 to A-7)
Notes to Consolidated Financial Statements. (Pages A-8 to A-14,
inclusive)
4. EXHIBITS. The exhibits required to be filed by Item 601 of
Regulation S-K are listed under the caption "Exhibits" below.
(B) REPORTS ON FORM 8-K.
No reports on Form 8-K were filed by the Company during the quarter ended
December 31, 1995.
(C) EXHIBITS.
See Index to Exhibits included herewith.
Pursuant to the requirements of the Securities Exchange Act or 1934, the
registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.
INLAND STEEL INDUSTRIES, INC.
(Registrant)
By: /s/ Jay M. Gratz
-------------------------
Jay M. Gratz
Vice President and
Chief Financial Officer
Date: June 26, 1996
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INDEX TO EXHIBITS
EXHIBIT SEQUENTIAL
NUMBER DESCRIPTION PAGE NO.
------ ----------- ----------
3.(i) Copy of Certificate of Incorporation, as amended, of the Company **
3.(ii) Copy of By-laws, as amended, of the Company. (Filed as Exhibit 3.(ii) to the
Company's Quarterly Report on Form 10-Q for the quarter ended September 30, --
1995, and incorporated by reference herein.)
4.A Copy of Certificate of Designations, Preferences and Rights of Series A $2.40
Cumulative Convertible Preferred Stock of the Company. (Filed as part of
Exhibit B to the definitive Proxy Statement of Inland Steel Company dated
March 21, 1986 that was furnished to stockholders in connection with the
annual meeting held April 23, 1986, and incorporated by reference herein.) --
4.B Copy of Certificate of Designation, Preferences and Rights of Series D Junior
Participating Preferred Stock of the Company. (Filed as Exhibit 4-D to the
Company's Annual Report on Form 10-K for the fiscal year ended December 31,
1987, and incorporated by reference herein.) --
4.C Copy of Rights Agreement, dated as of November 25, 1987, as amended and
restated as of May 24, 1989, between the Company and The First National Bank
of Chicago, as Rights Agent (Harris Trust and Savings Bank, as successor
Rights Agent). (Filed as Exhibit 1 to the Company's Current Report on Form
8-K filed on May 24, 1989, and incorporated by reference herein.) --
4.D Copy of Certificate of Designations, Preferences and Rights of Series E ESOP
Convertible Preferred Stock of the Company. (Filed as Exhibit 4-F to the
Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 1989,
and incorporated by reference herein.) --
4.E Copy of Subordinated Voting Note due December 17, 1999 in the amount of
$185,000,000 from the Company to NS Finance, III, Inc. (Filed as Exhibit 4.8
to Form S-3 Registration Statement No. 33-62897 and incorporated by reference
herein.) --
4.F Copy of Indenture dated as of December 15, 1992, between the Company and
Harris Trust and Savings Bank, as Trustee, respecting the Company's
$150,000,000 12-3/4% Notes due December 15, 2002. (Filed as Exhibit 4-G to
the Company's Annual Report on Form 10-K for the fiscal year ended December
31, 1992, and incorporated by reference herein.) --
4.G Copy of First Mortgage Indenture, dated April 1, 1928, between Inland Steel
Company (the "Steel Company") and First Trust and Savings Bank and Melvin A.
Traylor, as Trustees, and of supplemental indentures thereto, to and
including the Thirty-Fourth Supplemental Indenture, incorporated by reference
from the following Exhibits: (i) Exhibits B-1(a), B-1(b), B-1(c), B-1(d) and
B-1(e), filed with Steel Company's Registration Statement on Form A-2 (No. 2-
1855); (ii) Exhibits D-1(f) and D-1(g), filed with Steel Company's
Registration Statement on Form E-1 (No 2-2182); (iii) Exhibit B-1(h), filed
with Steel Company's Current Report on Form 8-K dated January 18, 1937;
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** Previously included in Registrant's Annual Report on Form 10-K for
1995, as originally filed.
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EXHIBIT SEQUENTIAL
NUMBER DESCRIPTION PAGE NO.
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(iv) Exhibit B-1(i), filed with Steel Company's Current Report on Form 8-K,
dated February 8, 1937; (v) Exhibits B-1(j) and B-1(k), filed with Steel
Company's Current Report on Form 8-K for the month of April, 1940; (vi)
Exhibit B-2, filed with Steel Company's Registration Statement on Form A-2
(No. 2-4357); (vii) Exhibit B-1(l), filed with Steel Company's Current Report
on Form 8-K for the month of January, 1945; (viii) Exhibit 1, filed with
Steel Company's Current Report on Form 8-K for the month of November, 1946;
(ix) Exhibit 1, filed with Steel Company's Current Report on Form 8-K for the
months of July and August, 1948; (x) Exhibits B and C, filed with Steel
Company's Current Report on Form 8-K for the month of March, 1952; (xi)
Exhibit A, filed with Steel Company's Current Report on Form 8-K for the
month of July, 1956; (xii) Exhibit A, filed with Steel Company's Current
Report on Form 8-K for the month of July, 1957; (xiii) Exhibit B, filed with
Steel Company's Current Report on Form 8-K for the month of January, 1959;
(xiv) the Exhibit filed with Steel Company's Current Report on Form 8-K for
the month of December, 1967; (xv) the Exhibit filed with Steel Company's
Current Report on Form 8-K for the month of April, 1969; (xvi) the Exhibit
filed with Steel Company's Current Report on Form 8-K for the month of July,
1970; (xvii) the Exhibit filed with the amendment on Form 8 to Steel
Company's Current Report on Form 8-K for the month of April, 1974; (xviii)
Exhibit B, filed with Steel Company's Current Report on Form 8-K for the
month of September, 1975; (xix) Exhibit B, filed with Steel Company's Current
Report on Form 8-K for the month of January, 1977; (xx) Exhibit C, filed with
Steel Company's Current Report on Form 8-K for the month of February, 1977;
(xxi) Exhibit B, filed with Steel Company's Quarterly Report on Form 10-Q for
the quarter ended June 30, 1978; (xxii) Exhibit B, filed with Steel Company's
Quarterly Report on Form 10-Q for the quarter ended June 30, 1980; (xxiii)
Exhibit 4-D, filed with Steel Company's Annual Report on Form 10-K for the
fiscal year ended December 31, 1980; (xxiv) Exhibit 4-D, filed with Steel
Company's Annual Report on Form 10-K for the fiscal year ended December 31,
1982; (xxv) Exhibit 4-E, filed with Steel Company's Annual Report on Form
10-K for the fiscal year ended December 31, 1983; (xxvi) Exhibit 4(i) filed
with the Steel Company's Registration Statement on Form S-2 (No. 33-43393);
(xxvii) Exhibit 4 filed with Steel Company's Current Report on Form 8-K dated
June 23, 1993; (xxviii) Exhibit 4.H filed with the Steel Company's Quarterly
Report on Form 10-Q for the quarter ended June 30, 1995; and (xxix) Exhibit
4.H filed with the Steel Company's Quarterly Report on Form 10-Q for the
quarter ended September 30, 1995. --
4.H Copy of consolidated reprint of First Mortgage Indenture, dated April 1,
1928, between Inland Steel Company and First Trust and Savings Bank and
Melvin A. Traylor, as Trustees, as amended and supplemented by all
supplemental indentures thereto, to and including the Thirteenth Supplemental
Indenture. (Filed as Exhibit 4-E to Form S-1 Registration Statement No.
2-9443, and incorporated by reference herein.) --
[The registrant hereby agrees to provide a copy of any other agreement
relating to long-term debt at the request of the Commission.]
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EXHIBIT SEQUENTIAL
NUMBER DESCRIPTION PAGE NO.
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10.A* Copy of Inland Steel Industries, Inc. Annual Incentive Plan, as amended.
(Filed as Exhibit 10.A to the Company's Quarterly Report on Form 10-Q for the
quarter ended September 30, 1995, and incorporated by reference herein). --
10.B* Copy of Inland Steel Industries, Inc. Special Achievement Award Plan. (Filed
as Exhibit 10-I to the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 1987, and incorporated by reference herein.) --
10.C* Copy of Inland 1995 Incentive Stock Plan. (Filed as Exhibit A to the
Company's definitive Proxy Statement dated April 17, 1995 that was furnished
to stockholders in connection with the annual meeting held May 24, 1995, and
incorporated by reference herein.) --
10.D* Copy of Inland 1984 Incentive Stock Plan, as amended. (Filed as Exhibit 10.A
to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30,
1995, and incorporated by reference herein.) --
10.E* Copy of Inland 1988 Incentive Stock Plan, as amended. (Filed as Exhibit 10.B
to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30,
1995, and incorporated by reference herein.) --
10.F* Copy of Inland 1992 Incentive Stock Plan, as amended. (Filed as Exhibit 10.C
to the Company's Quarterly Report Form on 10-Q for the quarter ended June 30,
1995, and incorporated by reference herein.) --
10.G* Copy of Inland Steel Industries Non-Qualified Thrift Plan, as amended.
(Filed as Exhibit 10.D to the Company's Quarterly Report on Form 10-Q for the
quarter ended June 30, 1995, and incorporated by reference herein.) --
10.H* Copy of Inland 1992 Stock Plan for Non-Employee Directors, as amended.
(Filed as Exhibit 10.E to the Company's Quarterly Report on Form 10-Q for the
quarter ended June 30, 1995, and incorporated by reference herein.) --
10.I* Copy of Inland Steel Industries Supplemental Retirement Benefit Plan for
Covered Employees, as amended. (Filed as Exhibit 10.I to the Company's Annual
Report on Form 10-K for the fiscal year ended December 31, 1993, and
incorporated by reference herein.) --
10.J* Copy of Inland Steel Industries Special Retirement Benefit Plan for Covered
Employees, as amended. (Filed as Exhibit 10.J to the Company's Annual Report
on Form 10-K for the fiscal year ended December 31, 1993, and incorporated by
reference herein.) --
10.K* Copy of the Inland Steel Industries Deferred Compensation Plan for Certain
Employees, as amended. (Filed as Exhibit 10.J to the Company's Annual Report
on Form 10-K for the fiscal year ended December 31, 1994 and incorporated by
reference herein.) --
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* Management contract or compensatory plan or arrangement required to be
filed as an exhibit to the Company's Annual Report on Form 10-K.
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EXHIBIT SEQUENTIAL
NUMBER DESCRIPTION PAGE NO.
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10.L* Copy of Inland Steel Industries Deferred Compensation Plan for Directors, as
amended. (Filed as Exhibit 10-L to the Company's Annual Report on Form 10-K
for the fiscal year ended December 31, 1992, and incorporated by reference
herein.) --
10.M* Copy of Inland Steel Industries Terminated Retirement Plan for Non-Employee
Directors. **
10.N* Inland Steel Industries, Inc. Deferred Phantom Stock Unit Plan for Non-
Employee Directors. **
10.O* Copy of Outside Directors Accident Insurance Policy. (Filed as Exhibit 10-F
to Inland Steel Company's Annual Report on Form 10-K for the fiscal year
ended December 31, 1983, and incorporated by reference herein.) --
10.P.(1)* Copy of form of Severance Agreement dated June 28, 1989 between the Company
and each of the seven executive officers of the Company identified on the
exhibit relating to terms and conditions of termination of employment
following a change in control of the Company. (Filed as Exhibit 10-0-(1) to
the Company's Annual Report or Form 10-K for the fiscal year ended December
31, 1989, and incorporated by reference herein.) --
10.P.(2)* Amended listing of executive officers of the Company who are parties to the
form of Severance Agreement dated June 28, 1989 in Exhibit 10.P.(1) hereof.
(Filed as Exhibit 10.N.(2) to the Company's Annual Report on Form 10-K for
the fiscal year ended December 31, 1994, and incorporated by reference --
herein.)
10.P.(3)* Copy of Severance Agreement dated June 28, 1989 between the Company and Judd
R. Cool. (Filed as Exhibit 10-O-(2) to the Company's Annual Report on Form
10-K for the fiscal year ended December 31, 1989, and incorporated by
reference herein.) --
10.P.(4)* Copy of Severance Agreement dated June 26, 1991 between the Company and Earl
L. Mason. (Filed as Exhibit 10-X to the Company's Quarterly Report on Form
10-Q for the quarter ended June 30, 1991, and incorporated by reference
herein.) --
10.P.(5)* Copy of Severance Agreement dated November 27, 1991 between the Company and
Maurice S. Nelson, Jr. (Filed as Exhibit 10-O-(6) to the Company's Annual
Report on Form 10-K for the fiscal year ended December 31, 1992, and
incorporated by reference herein.) --
-----------------------
* Management contract or compensatory plan or arrangement required to be
filed as an exhibit to the Company's Annual Report on Form 10-K.
** Previously included in Registrant's Annual Report on Form 10-K for
1995, as originally filed.
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EXHIBIT SEQUENTIAL
NUMBER DESCRIPTION PAGE NO.
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10.P.(6)* Copy of Employment Agreement dated as of April 8, 1994 between the Company
and Neil S. Novich. (Filed as Exhibit 10.N.(8) to the Company's Annual
Report on Form 10-K for the fiscal year ended December 31, 1994 and
incorporated by reference herein.) --
10.P.(7)* Copy of Severance Agreement dated as of April 8, 1994 between the Company and
Neil S. Novich. (Filed as Exhibit 10.N.(9) to the Company's Annual Report on
Form 10-K for the fiscal year ended December 31, 1994, and incorporated by
reference herein.) --
10.Q.(1)* Copy of letter to Judd R. Cool dated September 2, 1987 relating to terms and
conditions of employment. (Filed as Exhibit 10-K to the Company's Annual
Report on Form 10-K for the fiscal year ended December 31, 1987, and
incorporated by reference herein.) --
10.Q.(2)* Copy of letter agreement dated November 23, 1987 between the Company and Judd
R. Cool. (Filed as Exhibit 10-L to the Company's Annual Report on Form 10-K
for the fiscal year ended December 31, 1987, and incorporated by reference
herein.) --
10.Q.(3)* Copy of letter agreement dated December 10, 1993 between the Company and Judd
R. Cool restating certain provisions of the September 2, 1987 and November
23, 1987 letters in Exhibits 10.P.(1) and (2). (Filed as Exhibit 10.P.(3) to
the Company's Annual Report on Form 10-K for the fiscal year ended December
31, 1993, and incorporated by reference herein.) --
10.R* Copy of letter to Earl L. Mason dated May 17, 1991 relating to terms and
conditions of employment. (Filed as Exhibit 10-W to the Company's Quarterly
Report on Form 10-Q for the quarter ended June 30, 1991, and incorporated by
reference herein.) --
10.S* Copy of letter to Maurice S. Nelson, Jr. dated March 26, 1993 relating to
supplemental pension arrangement. (Filed as Exhibit 10-S to the Company's
Annual Report on Form 10-K for the fiscal year ended December 31, 1992, and
incorporated by reference herein.) --
10.T Copy of Stock Purchase Agreement, dated as of July 7, 1989, between the
Company and Harris Trust and Savings Bank, as ESOP Trustee. (Filed as Exhibit
4-G to the Company's Quarterly Report on Form 10-Q for the quarter ended June
30, 1989, and incorporated by reference herein.) --
10.U.(1) Copy of Letter Agreement dated December 18, 1989 among the Company, Nippon
Steel Corporation and NS Finance III, Inc. (an indirectly wholly owned
subsidiary of Nippon Steel Corporation) relating to sale to NS Finance III,
Inc. of 185,000 shares of Series F Exchangeable Preferred Stock of the
Company. (Filed as Exhibit 4(b) to the Company's Current Report on Form 8-K
filed on December 18, 1989, and incorporated by reference herein.) --
----------------------
* Management contract or compensatory plan or arrangement required to be
filed as an exhibit to the Company's Annual Report on Form 10-K.
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EXHIBIT SEQUENTIAL
NUMBER DESCRIPTION PAGE NO.
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10.U.(2) Copy of Steel Technology Agreement dated as of July 14, 1989 between Inland
Steel Company and Nippon Steel Corporation relating to technology sharing
between the signatories. (Filed as Exhibit 10-S-(2) to the Company's Annual
Report on Form 10-K for the fiscal year ended December 31, 1989, and
incorporated by reference herein.) --
10.U.(3) Copy of Basic Agreement dated as of July 21, 1987 between the Company and
Nippon Steel Corporation relating to the I/N Tek joint venture. (Filed as
Exhibit 10-S-(3) to the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 1989, and incorporated by reference herein.) --
10.U.(4) Copy of Partnership Agreement dated as of July 21, 1987 between ISC Tek, Inc.
(an indirectly wholly owned subsidiary of the Company) and NS Tek, Inc. (an
indirectly wholly owned subsidiary of Nippon Steel Corporation) relating to
the I/N Tek joint venture. (Filed as Exhibit 10-S-(4) to the Company's Annual
Report on Form 10-K for the fiscal year ended December 31, 1989, and
incorporated by reference herein.) --
10.U.(5) Copy of Basic Agreement dated as of September 12, 1989 between the Company
and Nippon Steel Corporation relating to the I/N Kote joint venture. (Filed
as Exhibit 10-S-(5) to the Company's Annual Report on Form 10-K for the
fiscal year ended December 31, 1989, and incorporated by reference herein.) --
10.U.(6) Copy of Partnership Agreement dated as of September 12, 1989 between ISC
Kote, Inc. (an indirectly wholly owned subsidiary of the Company) and NS Tek,
Inc. (an indirectly wholly owned subsidiary of Nippon Steel Corporation)
relating to the I/N Kote joint venture. (Filed as Exhibit 10-S-(6) to the
Company's Annual Report on Form 10-K for the fiscal year ended December 31,
1989, and incorporated by reference herein.) --
10.U.(7) Copy of Substrate Supply Agreement dated as of September 12, 1989 between
Inland Steel Company and I/N Kote, an Indiana general partnership. (Filed as
Exhibit 10-S-(7) to the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 1989, and incorporated by reference herein.) --
10.U.(8) First Amendment to Substrate Supply Agreement dated as of May 1, 1990 between
Inland Steel Company and I/N Kote relating to the I/N Kote joint venture.
(Filed as Exhibit 10-R-(8) to the Company's Annual Report on Form 10-K for
the fiscal year ended December 31, 1990, and incorporated by reference
herein.) --
10.U.(9) Letter Agreement dated as of May 1, 1990 among I/N Kote, the Company and
Nippon Steel Corporation relating to partner loans. (Filed as Exhibit
10-R-(9) to the Company's Annual Report on Form 10-K for the fiscal year
ended December 31, 1990, and incorporated by reference herein.) --
10.U.(10) First Amendment to I/N Kote Basic Agreement dated as of May 1, 1990 between
the Company and Nippon Steel Corporation relating to the I/N Kote joint
venture. (Filed as Exhibit 10-R-(10) to the Company's Annual Report on Form
10-K for the fiscal year ended December 31, 1990, and incorporated by
reference herein.) --
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EXHIBIT SEQUENTIAL
NUMBER DESCRIPTION PAGE NO.
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10.U.(11) Letter Agreement dated as of April 19, 1990 between the Company and Nippon
Steel Corporation relating to capital contributions to I/N Tek. (Filed as
Exhibit 10-R-(11) to Company's Annual Report on Form 10-K for the fiscal year
ended December 31, 1990, and incorporated by reference herein.) --
10.U.(12) Letter Agreement dated April 20, 1990 between ISC Tek, Inc. (an indirectly
wholly owned subsidiary of the Company) and NS Tek, Inc. (an indirectly
wholly owned subsidiary of Nippon Steel Corporation) relating to amendment of
the partnership agreement of I/N Tek. (Filed as Exhibit 10-R-(12) to the
Company's Annual Report on Form 10-K for the fiscal year ended December 31,
1990, and incorporated by reference herein.) --
10.U.(13) CCM Override Amendment dated as of April 20, 1990 among the Company; Nippon
Steel Corporation; Inland Steel Company; ISC Tek, Inc.; I/N Tek; NS Sales,
Inc.; and NS Tek, Inc. relating to I/N Tek. (Filed as Exhibit 10-R-(13) to
the Company's Annual Report on Form 10-K for the fiscal year ended December
31, 1990, and incorporated by reference herein.) --
10.V Copy of ESOP Stock Purchase Agreement, dated May 30, 1990, between the
Company and Harris Trust and Savings Bank, as ESOP Trustee. (Filed as Exhibit
10-T to the Company's Quarterly Report on Form 10-Q for the quarter ended
September 30, 1990, and incorporated by reference herein.) --
10.W Copy of Inland Steel Industries Thrift Plan ESOP Trust, dated July 7, 1989,
between the Company and Harris Trust and Savings Bank, as ESOP Trustee.
(Filed as Exhibit 10-P to the Company's Quarterly Report on Form 10-Q for the
quarter ended June 30, 1989, and incorporated by reference herein.) --
10.X Letter Agreement dated March 1, 1991 between Nippon Steel Corporation and the
Company regarding Series F Exchangeable Preferred Stock. (Filed as Exhibit
10-U to the Company's Annual Report on Form 10-K for the fiscal year ended
December 31, 1990, and incorporated by reference herein.) --
10.Y Letter Agreement dated May 10, 1991 by and between Nippon Steel Corporation
and Inland Steel Industries, Inc. relating to Letter Agreement dated December
18, 1989. (Filed as Exhibit 10-V to the Company's Quarterly Report on Form
10-Q for the quarter ended March 31, 1991, and incorporated by reference
herein.) --
11 Statement of Earnings per Share of Common Stock. **
13 Information incorporated by reference from Annual Report to Stockholders for
the fiscal year ended December 31, 1995. **
21 List of certain subsidiaries of the Company. **
23 Consent of Independent Accountants, appearing on page 28 of this Annual
Report on Form 10-K. --
23.A Consent of Independent Accountants. . . . . . . . . . . . . . . . . . . . . .
24 Powers of attorney. **
______________________
** Previously included in Registrant's Annual Report on Form 10-K for
1995, as originally filed.
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EXHIBIT SEQUENTIAL
NUMBER DESCRIPTION PAGE NO.
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27 Financial Data Schedules. **
99 Letter to stockholders of common stock of the Company dated December 22, 1987
explaining Stockholder Rights Plan adopted by Board of Directors on November
25, 1987. (Filed as Exhibit 3 to the Company's Current Report on Form 8-K
filed on December 18, 1987, and incorporated by reference herein.) --
99.A Inland Steel Industries Thrift Plan Financial Statements and Supplemental
Schedules for the fiscal year ended December 31, 1995 . . . . . . . . . . . .
----------------------
** Previously included in Registrant's Annual Report on Form 10-K for
1995, as originally filed.
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