SECURITIES AND EXCHANGE COMMISSION 
                           WASHINGTON, DC  20549 
  
  
                                  FORM 8-K 
  
                               CURRENT REPORT 
                   PURSUANT TO SECTION 13 OR 15(d) OF THE 
                      SECURITIES EXCHANGE ACT OF 1934 
  
                             September 23, 1998 
                     (Date of earliest event reported) 
  
                       INLAND STEEL INDUSTRIES, INC. 
           (Exact Name of Registrant as Specified in its Charter) 
  
  

    Delaware                     1-9117                   36-3425828 
 (State or Other               (Commission              (IRS Employer 
 Jurisdiction of               File Number)             Identification 
 Incorporation)                                            Number) 
  
  
                30 West Monroe Street, Chicago, Illinois 60603
              (Address of Principal Offices, including zip code) 
  
  
                                 (312) 346-0300
             (Registrant's telephone number, including area code) 
  

  

 Item 5.   Other Events 
  
           On September 23, 1998, Inland Steel Industries, Inc. ("ISI")
 announced that its Board of Directors has approved an offer to acquire all
 of the outstanding publicly held shares of Ryerson Tull, Inc. ("RT")
 pursuant to which the stockholders of RT (other than ISI and its
 subsidiaries) would receive 0.54 of a share of Common Stock, par value
 $1.00 per share, of ISI for each whole share of Class A Common Stock, par
 value $1.00 per share, of RT held.  Copies of the press release announcing
 this proposal and the Letter to the Chairman of the Special Committee of
 the Board of Directors of Ryerson Tull, Inc. containing the proposal are
 attached to this Current Report as Exhibits 99.1 and 99.2, respectively. 
  
 Item 7.   Exhibits 
  
           99.1 Press Release dated September 23, 1998 
  
           99.2 Letter to the Chairman of the Special Committee of the       
                Board of Directors of Ryerson Tull, Inc. dated 
                September 23, 1998 

  
                                    SIGNATURE
  
           Pursuant to the requirements of the Securities Exchange Act of
 1934, the registrant has duly caused this report to be signed on its behalf
 by the undersigned hereunto duly authorized. 
  
  
                               INLAND STEEL INDUSTRIES, INC. 
  
  
 Dated:  October 1, 1998       By:  /s/ James M. Hemphill                
                                  ------------------------------------
                                  Name:  James M. Hemphill 
                                  Title:  Controller              
                                

  
                                  EXHIBIT INDEX
  
  
 Exhibit 
 Number              Description 
  
 99.1      Press Release dated September 23, 1998 
  
 99.2      Letter to the Chairman of the Special Committee of the Board      
           of Directors of Ryerson Tull, Inc. dated September 23, 1998
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3043}]
{"company-data": {"conformed-name": "INLAND STEEL INDUSTRIES INC /DE/", "cik": "0000790528", "assigned-sic": "3312", "irs-number": "363425828", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "file-number": "001-09117", "film-number": "98719715"}, "business-address": {"street1": "30 W MONROE ST", "city": "CHICAGO", "state": "IL", "zip": "60603", "phone": "3123460300"}, "mail-address": {"street1": "30 WEST MONROE STREET", "street2": "16TH FLOOR", "city": "CHICAGO", "state": "IL", "zip": "60603"}}
SECURITIES AND EXCHANGE COMMISSION 
                           WASHINGTON, DC  20549 
  
  
                                  FORM 8-K 
  
                               CURRENT REPORT 
                   PURSUANT TO SECTION 13 OR 15(d) OF THE 
                      SECURITIES EXCHANGE ACT OF 1934 
  
                             September 23, 1998 
                     (Date of earliest event reported) 
  
                       INLAND STEEL INDUSTRIES, INC. 
           (Exact Name of Registrant as Specified in its Charter) 
  
  

    Delaware                     1-9117                   36-3425828 
 (State or Other               (Commission              (IRS Employer 
 Jurisdiction of               File Number)             Identification 
 Incorporation)                                            Number) 
  
  
                30 West Monroe Street, Chicago, Illinois 60603
              (Address of Principal Offices, including zip code) 
  
  
                                 (312) 346-0300
             (Registrant's telephone number, including area code) 
  

  

 Item 5.   Other Events 
  
           On September 23, 1998, Inland Steel Industries, Inc. ("ISI")
 announced that its Board of Directors has approved an offer to acquire all
 of the outstanding publicly held shares of Ryerson Tull, Inc. ("RT")
 pursuant to which the stockholders of RT (other than ISI and its
 subsidiaries) would receive 0.54 of a share of Common Stock, par value
 $1.00 per share, of ISI for each whole share of Class A Common Stock, par
 value $1.00 per share, of RT held.  Copies of the press release announcing
 this proposal and the Letter to the Chairman of the Special Committee of
 the Board of Directors of Ryerson Tull, Inc. containing the proposal are
 attached to this Current Report as Exhibits 99.1 and 99.2, respectively. 
  
 Item 7.   Exhibits 
  
           99.1 Press Release dated September 23, 1998 
  
           99.2 Letter to the Chairman of the Special Committee of the       
                Board of Directors of Ryerson Tull, Inc. dated 
                September 23, 1998 

  
                                    SIGNATURE
  
           Pursuant to the requirements of the Securities Exchange Act of
 1934, the registrant has duly caused this report to be signed on its behalf
 by the undersigned hereunto duly authorized. 
  
  
                               INLAND STEEL INDUSTRIES, INC. 
  
  
 Dated:  October 1, 1998       By:  /s/ James M. Hemphill                
                                  ------------------------------------
                                  Name:  James M. Hemphill 
                                  Title:  Controller              
                                

  
                                  EXHIBIT INDEX
  
  
 Exhibit 
 Number              Description 
  
 99.1      Press Release dated September 23, 1998 
  
 99.2      Letter to the Chairman of the Special Committee of the Board      
           of Directors of Ryerson Tull, Inc. dated September 23, 1998