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PROSPECTUS SUPPLEMENT
To Prospectus dated May 19, 1995
3,946,385 SHARES
INLAND STEEL INDUSTRIES, INC.
COMMON STOCK
(PAR VALUE $1.00 PER SHARE)
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The 3,946,385 shares (the "Shares") of common stock, par value $1.00 (the
"Common Stock"), of Inland Steel Industries, Inc. (the "Company") offered
hereby were transferred by the Company to the Selling Stockholder on May 1,
1995 for credit against certain of the Company's obligations to the Inland
Steel Industries Pension Plan (the "Pension Plan"). The Shares are being sold
for the account of the Selling Stockholder, and the Company will not receive
any proceeds from the sale of the Shares.
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The Selling Stockholder has advised the Company that it may from time to
time offer and sell the Shares on the New York Stock Exchange or otherwise at
market prices then prevailing or at prices and upon terms then obtainable or in
underwritten offerings. Other sales may be made in ordinary brokerage
transactions, in block transactions, in privately negotiated transactions,
pursuant to Rule 144 ("Rule 144") under the Securities Act of 1933, as amended
(the "Securities Act") or otherwise. The Selling Stockholder has informed the
Company that it intends to sell Shares through Merrill Lynch, Pierce, Fenner &
Smith Incorporated ("Merrill Lynch"), acting as sales agent. With respect to
sales on the New York Stock Exchange, ordinary brokerage transactions, block
transactions, privately negotiated transactions or otherwise, the Selling
Stockholder will pay Merrill Lynch a negotiated commission not to exceed the
usual and customary brokerage commissions for such transactions. In addition,
Merrill Lynch may purchase any or all of the Shares either as agent for others
or as principal for its own account. Purchases of the Shares by Merrill Lynch
as principal from the Selling Stockholder may be made on such terms as shall be
agreed to by Merrill Lynch and the Selling Stockholder. If Merrill Lynch
purchases any of the Shares as principal it may sell such Shares by any of the
methods described in the accompanying Prospectus. The Company will pay the
underwriting commissions or discounts in connection with any underwritten
offering of shares by the Selling Stockholder and will bear the expenses of
registering the Shares for sale by the Selling Stockholder, including the
expenses of the Selling Stockholder (including the fees and expenses of the
Selling Stockholder's legal counsel). The Company has agreed to indemnify
Merrill Lynch against certain liabilities, including liabilities under the
Securities Act of 1933.
Merrill Lynch may be deemed to be an "underwriter" within the meaning of
Section 2(11) of the Securities Act of 1933 with respect to Share sold through
or by it, and any profits realized by Merrill Lynch may be deemed to be
underwriting commissions.
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THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED
BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY
STATE SECURITIES NOR HAS THE COMMISSION OR ANY
STATE SECURITIES COMMISSION PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS.
ANY REPRESENTATION TO THE CONTRARY IS
A CRIMINAL OFFENSE.
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The date of this Prospectus Supplement is July 11, 1995
