8-K

                      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 22, 1999
                        (Date of earliest event reported)

                               RYERSON TULL, 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)


                 2621 West 15th Place, Chicago, Illinois 60608
               (Address of Principal Offices, including zip code)


                                 (773) 762-2121
              (Registrant's telephone number, including area code)


 Item 5.   Other Events

 AMENDMENT OF RIGHTS AGREEMENT

           On September 22, 1999, the Board of Directors of Ryerson Tull,
 Inc. (the "Company"), approved an amendment (the "Amendment") to the Rights
 Agreement, as amended and restated as of December 10, 1998, between the
 Company and Harris Trust and Savings Bank, as Rights Agent (the "Rights
 Agreement").  The Amendment, among other things, reduces the threshold
 beneficial ownership level of common stock which triggers the distribution
 and exercisability of the rights issued pursuant to the Rights Agreement
 (the "Rights") from 20% to 10%.  As amended, if a person, together with
 such person's affiliates and associates, becomes the beneficial owner of
 10% or more of the outstanding common stock of Ryerson Tull, the
 outstanding Rights (other than those held by the acquiror) become
 exercisable for common stock of Ryerson Tull having a value of two times
 the exercise price of the Right.  Any person that beneficially owns 10% or
 more of the outstanding shares of Ryerson Tull common stock on September
 22, 1999 and has publicly disclosed such ownership prior to such date will
 not trigger the Rights unless such person subsequently acquires additional
 shares resulting in its beneficial ownership of 15% or more of the
 outstanding shares of Ryerson Tull common stock.  The Amendment also
 contains certain other changes relating to the reduction of the triggering
 threshold to 10%.

           The Amendment also provides that during the six month period
 following a change of control of the Board of Directors of the Company
 (resulting in a majority of the Board of Directors being comprised of
 persons who were not nominated by the Board of Directors in office
 immediately prior to such election) that occurs within nine months after an
 unsolicited third party acquisition or business combination proposal, then
 the Rights will only be redeemable by the Board of Directors either (1) if
 they have followed certain prescribed procedures or (2) in any other case,
 provided that, if in any such other case their decision regarding
 redemption and any acquisition or business combination is challenged as a
 breach of fiduciary duty of care or loyalty, the directors can establish
 the entire fairness of such decision without the benefit of any business
 judgment rule or other presumption.

 AMENDMENT OF BY-LAWS

           On September 22, 1999, the Board of Directors of the Company also
 approved an amendment to its By-Laws (the "By-Law Amendment") to change the
 advance notice period required for shareholder proposals and nominations
 for election of directors from not less than 90 days nor more than 115 days
 prior to an annual meeting to not less than 90 days nor more than 120 days
 prior to the mailing date of the proxy statement for the prior year's
 annual meeting.  Under the amended By-Laws, to be properly brought before
 the next annual meeting of shareholders of the Company, shareholder
 proposals and nominations for election of directors must be received by the
 Secretary no earlier than November 18, 1999 and no later than December 18,
 2000.

           The foregoing descriptions of the Amendment and the By-Law
 Amendment do not purport to be complete and are qualified in their entirety
 by reference to the amended and restated Rights Agreement and the amended
 and restated By-Laws, respectively, which are attached hereto as exhibits
 and incorporated herein by reference.

 Item 7.   Exhibits

           3.1  By-Laws of the Company, as amended and restated to and
                including September 22, 1999.

           4.1  Rights Agreement, as amended and restated as of September
                22, 1999, between the Company and Harris Trust and Savings
                Bank, as Rights Agent (incorporated herein by reference to
                the Form 8-A/A-2 of the Company, filed on October 5, 1999).

           99.1 Press Release, dated September 22, 1999.



                                    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.


                                    RYERSON TULL, INC.


 Dated: October 5, 1999            By:  /s/ Jay M. Gratz
                                         -------------------------
                                    Name:  Jay M. Gratz
                                    Title: Executive Vice President and
                                           Chief Financial Officer



                                  EXHIBIT INDEX


 Exhibit
 Number              Description

 3.1       By-Laws of the Registrant, as amended and restated to and
           including September 22, 1999.

 4.1       Rights Agreement, as amended and restated as of September 22,
           1999, between the Company and Harris Trust and Savings Bank, as
           Rights Agent (incorporated herein by reference to the Form 8-A/A-
           2 of the Company filed on October 5, 1999).

 99.1      Press Release, dated September 22, 1999.

EX-3

Exhibit 3.1


                                  BY-LAWS
                                     OF
                             RYERSON TULL, INC.
              (AS AMENDED TO AND INCLUDING SEPTEMBER 22, 1999)

                                 ARTICLE I

                                  OFFICES

      Section 1.  The registered office of the Corporation shall be in the
 City of Wilmington, County of New Castle, State of Delaware. The
 Corporation may also have offices at such other places both within and
 without the State of Delaware as the Board of Directors may from time to
 time determine or the business of the Corporation may require.

                                 ARTICLE II

                                STOCKHOLDERS

      Section 1.   Time and Place of Meetings.  All meetings of the
 stockholders for the election of directors or for any other purpose shall
 be held at such time and place, within or without the State of Delaware, as
 shall be designated by the Board of Directors.

      Section 2.     Annual Meetings; Nomination of Directors.  An annual
 meeting of stockholders shall be held for the purpose of electing Directors
 and for the transaction of only such other business as is properly brought
 before the meeting in accordance with these By-Laws.  The date of the
 annual meeting shall be the fourth Wednesday of May each year or such other
 date as may be determined by the Board of Directors.

      To be properly brought before the meeting, business must be either (a)
 specified in the notice of meeting (or any supplement thereto) given by or
 at the direction of the Board, (b) otherwise properly brought before the
 meeting by or at the direction of the Board or (c) otherwise properly
 brought before the meeting by a stockholder.  In addition to any other
 applicable requirements, for business to be properly brought before an
 annual meeting by a stockholder, the stockholder must have given timely
 notice thereof in writing to the Secretary of the Corporation.  To be
 timely, a stockholder's notice must be delivered to or mailed and received
 at the principal executive offices of the Corporation, (a) not less than
 ninety days nor more than one hundred twenty days in advance of a day
 corresponding to the date of mailing the Corporation's proxy statement in
 connection with the previous year's annual meeting, or (b) if no annual
 meeting was held in the previous year or the date of the applicable annual
 meeting has been changed by more than 30 days from the date contemplated at
 the time of the previous year's proxy statement, not later than the close
 of business on the fifteenth day following the day on which notice of the
 date of the annual meeting was mailed or publicly disclosed, whichever
 occurs first.  A stockholder's notice to the Secretary shall set forth as
 to each matter the stockholder proposes to bring before the annual meeting
 (i) a brief description of the business desired to be brought before the
 annual meeting and the reasons for conducting such business at the annual
 meeting, (ii) the name and record address of the stockholder proposing such
 business, (iii) the class and number of shares of the Corporation which are
 beneficially owned by the stockholder and (iv) any material interest of the
 stockholder in such business.

      Notwithstanding anything in the By-Laws to the contrary, no business
 shall be conducted at the annual meeting except in accordance with the
 procedures set forth in this Article II, Section 2, provided, however, that
 nothing in this Article II, Section 2 shall be deemed to preclude
 discussion by any stockholder of any business properly brought before the
 annual meeting.

      The Chairman of an annual meeting shall, if the facts warrant,
 determine and declare to the meeting that business was not properly brought
 before the meeting in accordance with the provisions of this Article II,
 Section 2, and if he should so determine, he shall so declare to the
 meeting and any such business not properly brought before the meeting shall
 not be transacted.

      Only persons who are nominated in accordance with the following
 procedures shall be eligible for election as Directors.  Nominations of
 persons for election to the Board of the Corporation at the annual meeting
 may be made at a meeting of stockholders by or at the direction of the
 Board of Directors by any nominating committee or person appointed by the
 Board or by any stockholder of the Corporation entitled to vote for the
 election of Directors at the meeting who complies with the notice
 procedures set forth in this Article II, Section 2.  Such nominations,
 other than those made by or at the direction of the Board, shall be made
 pursuant to timely notice in writing to the Secretary of the Corporation.
 To be timely, a stockholder's notice shall be delivered to or mailed and
 received at the principal executive offices of the Corporation, (a) not
 less than ninety days nor more than one hundred twenty days in advance of a
 day corresponding to the date of mailing the Corporation's proxy statement
 in connection with the previous year's annual meeting, or (b) if no annual
 meeting was held in the previous year or the date of the applicable annual
 meeting has been changed by more than 30 days from the date contemplated at
 the time of the previous year's proxy statement, not later than the close
 of business on the fifteenth day following the day on which notice of the
 date of the annual meeting was mailed or publicly disclosed, whichever
 occurs first.  Such stockholder's notice to the Secretary shall set forth:
 (a) as to each person whom the stockholder proposes to nominate for
 election or re-election as a Director, (i) the name, age, business address
 and residence address of the person, (ii) the principal occupation or
 employment of the person, (iii) the class and number of shares of capital
 stock of the Corporation which are beneficially owned by the person and
 (iv) any other information relating to the person that is required to be
 disclosed in solicitations for proxies for election of Directors pursuant
 to Regulation 14A under the Securities Exchange Act of 1934, as amended;
 and (b) as to the stockholder giving the notice, (i) the name and record
 address of such stockholder and (ii) the class and number of shares of
 capital stock of the Corporation which are beneficially owned by such
 stockholder.  The Corporation may require any proposed nominee to furnish
 such other information as may reasonably be required by the Corporation to
 determine the eligibility of such proposed nominee to serve as a Director
 of the Corporation.  No person shall be eligible for election as a Director
 of the Corporation unless nominated in accordance with the procedures set
 forth herein.

      The Chairman of the meeting shall, if the facts warrant, determine and
 declare to the meeting that a nomination was not made in accordance with
 the foregoing procedure, and if he should so determine, he shall so declare
 to the meeting and the defective nomination shall be disregarded.

      Section 3.   Special Meetings.  Special meetings of the stockholders,
 for any purpose or purposes, unless otherwise prescribed by law, may be
 called by the Chairman of the Board, Vice Chairman of the Board, the
 President or the Board of Directors and shall be called by the Secretary at
 the direction of the Chairman of the Board, Vice Chairman of the Board, the
 President or the Board of Directors.

      Section 4.   Notice of Meetings.  Written notice of each meeting of
 the stockholders stating the place, date and time of the meeting shall,
 unless otherwise required by law, be given not less than ten nor more than
 sixty days before the date of the meeting to each stockholder entitled to
 vote at such meeting. The notice of any special meeting of stockholders
 shall state the purpose or purposes for which the meeting is called. If
 mailed, such notice shall be deemed to be delivered to a stockholder when
 deposited in the United States mail in a sealed envelope addressed to the
 stockholder at his or her address as it appears on the records of the
 Corporation with postage thereon paid.

      Section 5.   Quorum.  A majority of the votes of the voting securities
 entitled to vote, present in person or represented by proxy, shall
 constitute a quorum at a meeting of stockholders.  If a quorum is not
 present or represented, the holders of the voting securities present in
 person or represented by proxy at the meeting and entitled to vote thereat
 shall have power, by the affirmative vote of the holders of a majority of
 the votes of such voting securities, to adjourn the meeting to another time
 and/or place, without notice other than announcement at the meeting, until
 a quorum shall be present or represented.  At such adjourned meeting, at
 which a quorum shall be present or represented, any business may be
 transacted which might have been transacted at the original meeting.  If
 the adjournment is for more than thirty days, or if after the adjournment a
 new record date is fixed for the adjourned meeting, a notice of the
 adjourned meeting shall be given to each holder of record entitled to vote
 at the meeting.

      Section 6.   Voting.  At all meetings of the stockholders, each holder
 of record on the record date for the meeting shall be entitled to vote as
 set forth in the Corporation's Certificate of Incorporation (including any
 Certificates of Designations) or as otherwise required by law, in person or
 by proxy, the voting securities owned of record by such holder on the
 record date. In all matters other than the election of directors, the
 affirmative vote of a majority of the votes of the voting securities
 present in person or represented by proxy at the meeting and entitled to
 vote on the subject matter shall be the act of the holders, unless the
 question is one upon which, by express provision of law or of the
 Certificate of Incorporation, a different vote is required, in which case
 such express provision shall govern and control the decision of such
 question. Directors shall be elected by a plurality of the votes of the
 voting securities present in person or represented by proxy at the meeting
 and entitled to vote on the election of directors.

                                ARTICLE III

                                 DIRECTORS

      Section 1.   General Powers.  The business and affairs of the
 Corporation shall be managed and controlled by or under the direction of a
 Board of Directors, which may exercise all such powers of the Corporation
 and do all such lawful acts and things as are not by law or by the
 Certificate of Incorporation or by these By-Laws directed or required to be
 exercised or done by the stockholders.

      Section 2.   Number, Qualification and Tenure.  Prior to the first
 annual meeting of stockholders, the Board of Directors shall consist of not
 fewer than three (3) Directors nor more than eighteen (18) Directors.
 Thereafter, the Board of Directors shall consist of not fewer than six (6)
 Directors nor more than twelve (12) Directors. Within the limits above
 specified, the number of Directors shall be determined from time to time by
 resolution of the Board of Directors. The Directors shall be elected at the
 annual meeting of the stockholders, except as provided in Section 3 of this
 Article, and each Director elected shall hold office until his or her
 successor is elected and qualified or until his or her earlier resignation
 or removal. Directors need not be stockholders. Except as provided in
 Article III, Section 3 of these By-laws, the Directors shall designate from
 among their number a Chairman of the Board, who shall preside at all
 meetings of the stockholders and of the Board of Directors of the
 Corporation and who, if he or she is an employee of the Corporation, shall
 exercise all of the powers and duties conferred on the Chairman of the
 Board by the provisions of these By-Laws. If the person selected by the
 Directors as the Chairman of the Board is not, or ceases to be, an employee
 of the Corporation, then, notwithstanding any other provision of these By-
 Laws to the contrary, he or she shall exercise only such powers and duties
 conferred on the Chairman of the Board by these By-Laws as the Directors
 shall determine by resolution duly adopted and any other powers and duties,
 including those of chief executive officer of the Corporation, shall be
 exercised by the President of the Corporation.

      Section 3.   Vacancies.  Vacancies and newly created directorships
 resulting from any increase in the number of directors may be filled by a
 majority of the Directors then in office (even if less than a quorum), and
 each Director so chosen shall hold office until his or her successor is
 elected and qualified or until his or her earlier resignation or removal.
 If there are no Directors in office, then an election of Directors may be
 held in the manner provided by law.

      Immediately upon the Chairman of the Board's death, physical or mental
 incapacity, or other inability to act (other than due to absence for a
 brief and identifiable period), the Chairman of the committee responsible
 for recommending candidates to fill vacancies on the Board of Directors of
 the Corporation (the "Nominating Committee Chairman") shall assume the
 position of Chairman of the Board and responsibility for performing all
 functions, authorities and duties thereof, and shall serve in such capacity
 until his or her successor is duly elected and qualified pursuant to
 Article III, Section 2 and any other applicable provision of these By-laws
 or until his or her earlier resignation or removal. The Nominating
 Committee Chairman shall have sole discretion to determine, at any time and
 from time to time, whether the Chairman of the Board is physically or
 mentally incapacitated, otherwise unable to act, or absent for other than a
 brief and identifiable period and shall, immediately upon making such a
 determination or learning of the death of the Chairman of the Board, notify
 each member of the Board of Directors and each officer of the Corporation
 of the relevant facts and circumstances.

      Section 4.   Place of Meetings.  The Board of Directors may hold
 meetings, whether regular or special, within or without the State of
 Delaware.

      Section 5.   Regular Meetings.  The Board of Directors shall hold a
 regular meeting, to be known as the annual meeting, immediately following
 each annual meeting of the stockholders. Other regular meetings of the
 Board of Directors shall be held at such time and place as shall from time
 to time be determined by the Board. No notice of regular meetings need be
 given.

      Section 6.   Special Meetings.  Special meetings of the Board may be
 called by the Chairman of the Board, the Vice Chairman of the Board, any
 five Directors or the President.  Special meetings shall be called by the
 Secretary on the written request of any Director. Notice of special
 meetings shall be given at least one day before any such meeting.

      Section 7.   Quorum.  At all meetings of the Board of Directors a
 majority of the total number of Directors shall constitute a quorum for the
 transaction of business and the act of a majority of the Directors present
 at any meeting at which there is a quorum shall be the act of the Board of
 Directors, except as may be otherwise specifically provided by law.  If a
 quorum shall not be present at any meeting of the Board of Directors, the
 Directors present thereat may adjourn the meeting from time to time,
 without notice other than announcement at the meeting, until a quorum shall
 be present.

      Section 8.   Organization.  The Chairman of the Board, if elected,
 shall act as chairman at all meetings of the Board of Directors.  If a
 Chairman of the Board is not elected or, if elected, is not present, the
 Vice Chairman of the Board, if any, or if the Vice Chairman of the Board is
 not present, the President or, in the absence of the President, a Director
 chosen by a majority of the Directors present, shall act as chairman at
 meetings of the Board of Directors.

      Section 9.   Executive Committee.  The Board of Directors, by
 resolution adopted by a majority of the whole Board, may designate not
 fewer than four (4) and not more than nine (9) Directors to constitute an
 Executive Committee, to serve as such, unless the resolution designating
 the Executive Committee is sooner amended or rescinded by the Board of
 Directors, until the next annual meeting of the Board or until their
 respective successors are designated. The Board of Directors, by resolution
 adopted by a majority of the whole Board, may also designate additional
 Directors as alternate members of the Executive Committee (so long as the
 aggregate number of members of the Executive Committee does not exceed nine
 (9)) to serve as members of the Executive Committee in the place and stead
 of any regular member or members thereof who may be unable to attend a
 meeting or otherwise unavailable to act as a member of the Executive
 Committee. In the absence or disqualification of a member and all alternate
 members who may serve in the place and stead of such member, the member or
 members thereof present at any meeting and not disqualified from voting,
 whether or not such member or members constitute a quorum, may unanimously
 appoint another Director to act at the meeting in the place of any such
 absent or disqualified member.

      Except as expressly limited by the General Corporation Law of the
 State of Delaware or the Certificate of Incorporation, the Executive
 Committee shall have and may exercise all the powers and authority of the
 Board of Directors in the management of the business and affairs of the
 Corporation between the meetings of the Board of Directors, but subject
 always to the final control of the Board of Directors except where rights
 of third parties have intervened. The Executive Committee shall keep a
 record of its acts and proceedings, which shall form a part of the records
 of the Corporation in the custody of the Secretary, and all actions of the
 Executive Committee shall be reported to the Board of Directors at the next
 meeting of the Board.

      Meetings of the Executive Committee may be called at any time by the
 Chairman of the Board, the Chairman of the Executive Committee or any two
 (2) members of the Executive Committee. A majority of the members of the
 Executive Committee shall constitute a quorum for the transaction of
 business and, except as expressly limited by this Section, the act of a
 majority of the members present at any meeting at which there is a quorum
 shall be the act of the Executive Committee. Except as expressly provided
 in this Section, the Executive Committee shall fix its own rules of
 procedure. Notice of Executive Committee meetings shall be given at least
 one day before such meetings.

      Section 10.  Finance and Retirement Committee.  The Board of Directors
 may, annually, by resolution passed by a majority of the whole Board of
 Directors, designate not fewer than four (4) and not more than eleven (11)
 Directors to constitute a Finance and Retirement Committee. Such
 designation may be made either at the first meeting of the Board of
 Directors held after each annual meeting of the stockholders of the
 Corporation, or at any subsequent regular or special meeting of the Board
 of Directors. Vacancies in the Finance and Retirement Committee may be
 filled, or additional members of the Finance and Retirement Committee (so
 long as the aggregate number of the Finance and Retirement Committee does
 not exceed eleven (11)) may be designated, at any meeting of the Board of
 Directors. Each member of the Finance and Retirement Committee shall hold
 office until his or her successor shall have been duly elected, or until
 his or her death, or until he or she shall resign or shall have been
 removed. Any member of the Finance and Retirement Committee may be removed
 by the Board of Directors whenever in its judgment the best interests of
 the Corporation would be served thereby.

      The Finance and Retirement Committee, from time to time, shall
 consider the fiscal affairs of the Corporation and make recommendations
 with respect thereto to the Board of Directors and the Executive Committee.
 The Finance and Retirement Committee shall also administer and act with
 respect to pension or retirement plans and trusts of the Corporation and
 such other matters as shall from time to time be specified in resolutions
 passed by a majority of the whole Board of Directors, subject, however, to
 any conditions and provisions set forth in such resolutions.  The Pension
 and Retirement Committee is designated as the Pension Plan Retirement
 Committee.

      The Finance and Retirement Committee shall meet at the call of the
 Chairman of the Board, the Vice Chairman of the Board, the Chairman of the
 Finance and Retirement Committee, or any two (2) members of the Finance and
 Retirement Committee.  Three (3) members of the Finance Committee shall
 constitute a quorum. The Finance and Retirement Committee shall keep a
 record of its acts and proceedings and all actions of the Finance Committee
 shall be reported to the Board of Directors at its next regular meeting,
 and the minute books of the Finance and Retirement Committee shall be open
 to the inspection of any Directors.

      Section 11.  Other Committees.  The Board of Directors, by resolution
 adopted by a majority of the whole Board, may designate one or more other
 committees, each such committee to consist of one or more Directors.
 Except as expressly limited by the General Corporation Law of the State of
 Delaware or the Certificate of Incorporation, any such committee shall have
 and may exercise such powers as the Board of Directors may determine and
 specify in the resolution designating such committee.  The Board of
 Directors, by resolution adopted by a majority of the whole Board, also may
 designate one or more additional Directors as alternate members of any such
 committee to replace any absent or disqualified member at any meeting of
 the committee, and at any time may change the membership of any committee
 or amend or rescind the resolution designating the committee. In the
 absence or disqualification of a member or alternate member of a committee,
 the member or members thereof present at any meeting and not disqualified
 from voting, whether or not such member or members constitute a quorum, may
 unanimously appoint another Director to act at the meeting in the place of
 any such absent or disqualified member, provided that the Director so
 appointed meets any qualifications stated in the resolution designating the
 committee. Each committee shall keep a record of proceedings and report the
 same to the Board of Directors to such extent and in such form as the Board
 of Directors may require. Unless otherwise provided in the resolution
 designating a committee, a majority of all of the members of any such
 committee may select its Chairman, fix its rules or procedure, fix the time
 and place of its meetings and specify what notice of meetings, if any,
 shall be given.

      Section 12.  Action without Meeting.  Unless otherwise restricted by
 the Certificate of Incorporation or these By-Laws, any action required or
 permitted to be taken at any meeting of the Board of Directors or of any
 committee thereof may be taken without a meeting, if all members of the
 Board or committee, as the case may be, consent thereto in writing, and the
 writing or writings are filed with the minutes of proceedings of the Board
 or committee.

      Section 13.  Attendance by Telephone.  Members of the Board of
 Directors, or of any committee, may participate in a meeting of the Board
 of Directors, or of such committee, by means of conference telephone or
 similar communications equipment by means of which all persons
 participating in the meeting can hear each other, and such participation in
 a meeting shall constitute presence in person at the meeting.

      Section 14.  Compensation.  The Board of Directors shall have the
 authority to fix the compensation of Directors, which may include
 reimbursement of their expenses, if any, of attendance of each meeting of
 the Board of Directors or of a committee.

      Section 15.  Honorary Directors.  Any person who has at any time been
 chief executive officer of the Corporation (or of Inland Steel Company
 prior to May 1, 1986), may, after retirement or resignation from the Board
 of Directors (or having retired or resigned from the Board of Directors of
 Inland Steel Company), be appointed by the Board of Directors as an
 Honorary Director for one or more year terms.  Honorary Directors shall
 serve in an advisory capacity to the Board of Directors, shall have no vote
 and shall not be considered as Directors for the purposes of determining a
 quorum. Honorary Directors shall be reimbursed for their expenses in
 attending meetings of the Board of Directors. Any Honorary Director who is
 not at the time otherwise regularly employed by the Corporation or any
 subsidiary shall receive such fees (which may include reimbursement of
 expenses, if any) for attendance at each meeting of the Board of Directors
 as may be fixed from time to time by the Board of Directors, but shall not
 receive any other director's fees or any other compensation for his or her
 services.

                                 ARTICLE IV

                                  OFFICERS

      Section 1.   Enumeration.  The officers of the Corporation shall be
 chosen by the Board of Directors and shall be a President, a Secretary, a
 Treasurer, a General Counsel and a Controller.  The Board of Directors may
 also elect a Chairman of the Board, a Vice Chairman, one or more Assistants
 to the Chairman, one or more Vice Presidents, one or more Assistant
 Secretaries and Assistant Treasurers and such other officers and agents as
 it shall deem appropriate.  Any number of offices may be held by the same
 person.

      Section 2.   Term of Office.  The officers of the Corporation shall be
 elected at the annual meeting of the Board of Directors and shall hold
 office until their successors are elected and qualified.  Any officer
 elected or appointed by the Board of Directors may be removed at any time
 by the Board of Directors. Any vacancy occurring in any office of the
 Corporation required by this Article shall be filled by the Board of
 Directors, and any vacancy in any other office may be filled by the Board
 of Directors.

      Section 3.   Chairman of the Board.  Subject to the provisions of
 Article III, Section 2 of these By-Laws, the Chairman of the Board, when
 elected, shall be the Chief Executive Officer of the Corporation and, as
 such, shall have general supervision, direction and control of the business
 and affairs of the Corporation, subject to the control of the Board of
 Directors, shall preside at meetings of stockholders and shall have such
 other functions, authority and duties as customarily appertain to the
 office of the chief executive of a business corporation or as may be
 prescribed by the Board of Directors.

      Section 4.   Vice Chairman of the Board.  The Vice Chairman of the
 Board shall, in the case of absence of the Chairman of the Board for any
 brief and identifiable period, have and exercise the powers and duties of
 the Chairman of the Board. He or she shall have such other duties and
 powers as may be assigned to him by the Board of Directors, the Executive
 Committee or the Chairman of the Board.

      Section 5.   President.  During any period when there shall be a
 Chairman of the Board, the President shall be the Chief Operating Officer
 of the Corporation and shall have such functions, authority and duties as
 may be prescribed by the Board of Directors or the Chairman of the Board.
 During any period when there shall not be a Chairman of the Board or Vice
 Chairman of the Board, the President shall be the Chief Executive Officer
 of the Corporation and, as such, shall have the functions, authority and
 duties provided for the office of Chairman of the Board.

      Section 6.   Executive and Senior Vice Presidents.  Each Executive
 Vice President shall have such duties and powers as may be assigned to him
 or her by the Board of Directors, the Executive Committee, the Chairman of
 the Board, the Vice Chairman of the Board, or the President. An Executive
 Vice President, designated by the Board of Directors, shall (in the event
 of absence, death or other inability to act of the President) have and
 exercise the powers and duties of the President.

      Each Senior Vice President shall have such duties and powers as may be
 assigned to him or her by the Board of Directors, the Executive Committee,
 the Chairman of the Board, the Vice Chairman of the Board or the President.

      Section 7.   Vice Presidents.  Each Vice President shall perform such
 duties and have such other powers as may from time to time be prescribed by
 the Board of Directors, the Chairman of the Board or the President or the
 Executive Committee.

      Section 8.   Secretary.  The Secretary shall keep a record of all
 proceedings of the stockholders of the Corporation and of the Board of
 Directors, Finance Committee and Executive Committee, and shall perform
 like duties for any other standing committees when required. The Secretary
 shall give, or cause to be given, notice, if any, of all meetings of the
 stockholders and shall perform such other duties as may be prescribed by
 the Board of Directors, the Chairman of the Board, the President, or the
 Executive Committee. The Secretary shall have custody of the corporate seal
 of the Corporation and the Secretary, or in the absence of the Secretary
 any Assistant Secretary, shall have authority to affix the same to any
 instrument requiring it, and when so affixed it may be attested by the
 signature of the Secretary or an Assistant Secretary. The Board of
 Directors may give general authority to any other officer to affix the seal
 of the corporation and to attest such affixing of the seal.

      Section 9.   Assistant Secretary.  The Assistant Secretary, or if
 there be more than one, the Assistant Secretaries in the order determined
 by the Board of Directors (or if there be no such determination, then in
 the order of their election), shall, in the absence of the Secretary or in
 the event of the Secretary's inability or failure to act, perform the
 duties and exercise the powers of the Secretary and shall perform such
 other duties as may from time to time be prescribed by the Board of
 Directors, the Chairman of the Board, the President or the Secretary.

      Section 10.  Treasurer.  The Treasurer shall have the custody of the
 corporate funds and securities and shall keep full and accurate accounts of
 receipts and disbursements in books belonging to the Corporation and shall
 deposit all moneys and other valuable effects in the name and to the credit
 of the Corporation in such depositories as may be designated by the Board
 of Directors or the Executive Committee.  The Treasurer shall disburse the
 funds of the Corporation as may be ordered by the Board of Directors,
 keeping proper records of such disbursements, and shall render to the
 Chairman of the Board, Vice Chairman of the Board, the Chairman of the
 Executive Committee, the Chairman of the Finance Committee, the President,
 the officer designated by the Board of Directors as Chief Financial
 Officer, if any, and the Board of Directors, the Executive Committee and
 the Finance Committee at their regular meetings or when the Board of
 Directors so requires, an account of all transactions as Treasurer and of
 the financial condition of the Corporation. The Treasurer shall perform
 such other duties as may from time to time be prescribed by the Board of
 Directors, the Chairman of the Board, the President or the Chief Financial
 Officer.

      Section 11.  Assistant Treasurer.  The Assistant Treasurer, or if
 there shall be more than one, the Assistant Treasurers in the order
 determined by the Board of Directors (or if there be no such determination,
 then in the order of their election), shall, in the absence of the
 Treasurer or in the event of the Treasurer's inability or refusal to act,
 perform the duties and exercise the powers of the Treasurer and shall
 perform such other duties and have such other powers as may from time to
 time be prescribed by the Board of Directors, the Chairman of the Board,
 the President or the Treasurer.

      Section 12.  Assistant to the Chairman.  The Assistant to the Chairman
 of the Board shall have and exercise such powers and duties as may be
 assigned to him or her by the Chairman of the Board.

      Section 13.  General Counsel.  The General Counsel shall be
 responsible for the legal affairs of the Corporation and shall have such
 other duties as from time to time may be assigned to him or her by the
 Chairman of the Board, the Vice Chairman of the Board, the President, the
 Board of Directors or the Executive Committee.

      Section 14.  Controller.  The Controller shall be the chief accounting
 officer of the Corporation. He or she shall, when proper, approve all bills
 for purchases, payrolls, and similar instruments providing for disbursement
 of money by the Corporation, for payment by the Treasurer. He or she shall
 be in charge of and maintain books of account and accounting records of the
 Corporation. He or she shall perform such other acts as are usually
 performed by a Controller of a corporation. He or she shall render to the
 Chairman of the Board, the Vice Chairman of the Board, the Chairman of the
 Executive Committee, the Chairman of the Finance Committee, the President,
 the Chief Financial Officer, the Board of Directors, the Executive
 Committee and the Finance Committee, such reports as any thereof may
 require.

      Section 15.  Other Officers.  Any officer who is elected or appointed
 from time to time by the Board of Directors and whose duties are not
 specified in these By-Laws shall perform such duties and have such powers
 as may be prescribed from time to time by the Board of Directors, the
 Chairman of the Board, the Vice Chairman of the Board, the President or the
 Executive Committee.

      Section 16.  Surety Bonds.  The Board of Directors or Executive
 Committee may by resolution, require any officers of the Corporation to
 give bonds for the faithful discharge of their duties in such sums and with
 such sureties as the Board of Directors or Executive Committee shall
 determine, the expense of which shall be paid by the Corporation.

                                 ARTICLE V

                           CERTIFICATES OF STOCK

      Section 1.   Form.  The shares of the Corporation shall be represented
 by certificates; provided, however, that the Board of Directors may provide
 by resolution or resolutions that some or all of any or all classes or
 series of the Corporation's stock shall be uncertificated shares.
 Certificates of stock in the Corporation, if any, shall be signed by or in
 the name of the Corporation by the Chairman of the Board or the President
 or a Vice President and by the Treasurer or an Assistant Treasurer or the
 Secretary or an Assistant Secretary of the Corporation.  The signatures of
 the Chairman of the Board, the President or a Vice President and the
 Treasurer or an Assistant Treasurer or the Secretary or an Assistant
 Secretary may be facsimiles.  In case any officer, transfer agent or
 registrar who has signed or whose facsimile signature has been placed upon
 a certificate shall have ceased to be such officer, transfer agent or
 registrar before such certificate is issued, the certificate may be issued
 by the Corporation with the same effect as if such officer, transfer agent
 or registrar were such officer, transfer agent or registrar at the date of
 its issue.

      Section 2.   Transfer.  Upon surrender to the Corporation or the
 transfer agent of the Corporation of a certificate for shares duly endorsed
 or accompanied by proper evidence of succession, assignment or authority to
 transfer, it shall be the duty of the Corporation to issue a new
 certificate to the person entitled thereto, cancel the old certificate and
 record the transaction on its books.

      Section 3.   Replacement.  In case of the loss, destruction or theft
 of a certificate for any stock of the Corporation, a new certificate of
 stock or uncertificated shares in place of any certificate therefor issued
 by the Corporation may be issued upon satisfactory proof of such loss,
 destruction or theft and upon such terms as the Board of Directors may
 prescribe.  The Board of Directors may in its discretion require the owner
 of the lost, destroyed or stolen certificate, or his or her legal
 representative, to give the Corporation a bond, in such sum and in such
 form and with such surety or sureties as it may direct, to indemnify the
 Corporation against any claim that may be made against it with respect to a
 certificate alleged to have been lost, destroyed or stolen.

                                 ARTICLE VI

                 INDEMNIFICATION OF DIRECTORS AND OFFICERS

      Section 1.  Each person who was or is made a party or is threatened to
 be made a party to or is involved in or called as a witness in any action,
 suit or proceeding, whether civil, criminal, administrative or
 investigative, and any appeal therefrom (hereinafter, collectively a
 "proceeding"), by reason of the fact that he or she, or a person of whom he
 or she is the legal representative, is, was or had agreed to become a
 director of the Corporation or is, was or had agreed to become an officer
 of the Corporation or is or was serving at the request of the Corporation
 as a director, officer, employee or agent of another corporation or of a
 partnership, joint venture, trust or other enterprise, including service
 with respect to employee benefit plans, shall be indemnified and held
 harmless by the Corporation to the fullest extent permitted under the
 General Corporation Law of the State of Delaware (the "DGCL"), as the same
 now exists or may hereafter be amended (but, in the case of any such
 amendment, only to the extent that such amendment permits the Corporation
 to provide broader indemnification rights than the DGCL permitted the
 Corporation to provide prior to such amendment), against all expenses,
 liabilities and losses (including attorneys' fees, judgments, fines, excise
 taxes or penalties pursuant to the Employee Retirement Income Security Act
 of 1974, as amended, and amounts paid or to be paid in settlement)
 reasonably incurred or suffered by such person in connection therewith;
 provided, that except as explicitly provided herein, prior to a Change in
 Control, as defined herein, a person seeking indemnity in connection with a
 proceeding (or part thereof) initiated by such person against the
 Corporation or any director, officer, employee or agent of the Corporation
 shall not be entitled thereto unless the Corporation has joined in or
 consented to such proceeding (or part thereof). For purposes of this
 Article, a "Change in Control of the Corporation" shall be deemed to have
 occurred if (i) any "Person" (as is used in Sections 13(d) and 14(d) of the
 Securities Exchange Act of 1934, as amended) is or becomes (except in a
 transaction approved in advance by the Board of Directors of the
 Corporation) the beneficial owner (as defined in Rule 13d-3 under such
 Act), directly or indirectly, of securities of the Corporation representing
 20% or more of the combined voting power of the Corporation's then
 outstanding securities or (ii) during any period of two consecutive years,
 individuals who at the beginning of such period constitute the Board of
 Directors of the Corporation cease for any reason to constitute at least a
 majority thereof unless the election of each director who was not a
 director at the beginning of the period was approved by a vote of at least
 two-thirds of the directors then still in office who were directors at the
 beginning of the period.

      Any indemnification under this Section 1 (unless ordered by a court)
 shall be paid by the Corporation unless within 60 days of such request for
 indemnification a determination is made (i) by the Board of Directors by a
 majority vote of a quorum consisting of directors who were not parties to
 such proceeding, (ii) if such quorum is not obtainable, or even if
 obtainable a quorum of disinterested directors so directs, by independent
 legal counsel (who may be the regular counsel of the Corporation) in a
 written opinion or (iii) by the stockholders, that indemnification of such
 person is not proper under the circumstances because such person has not
 met the necessary standard of conduct under Delaware law; provided,
 however, that following a Change in Control of the Corporation, with
 respect to all matters thereafter arising out of acts, omissions or events
 prior to the Change in Control of the Corporation concerning the rights of
 any person seeking indemnification under this Section 1, such determination
 shall be made by special independent counsel selected by such person and
 approved by the Corporation (which approval shall not be unreasonably
 withheld), which counsel has not otherwise performed services (other than
 in connection with similar matters) within the five years preceding its
 engagement to render such opinion for such person or for the Corporation or
 any affiliates (as such term is defined in Rule 405 under the Securities
 Act of 1933, as amended) of the Corporation (whether or not they were
 affiliates when services were so performed) ("Independent Counsel"). Unless
 such person has theretofore selected Independent Counsel pursuant to this
 Section 1 and such Independent Counsel has been approved by the
 Corporation, legal counsel approved by a resolution or resolutions of the
 Board of Directors prior to a Change in Control of the Corporation shall be
 deemed to have been approved by the Corporation as required. Such
 Independent Counsel shall determine as promptly as practicable whether and
 to what extent such person would be permitted to be indemnified under
 applicable law and shall render its written opinion to the Corporation and
 such person to such effect. The Corporation agrees to pay the reasonable
 fees of the Independent Counsel referred to above and to fully indemnify
 such Independent Counsel against any and all expenses, claims, liabilities
 and damages arising out of or relating to this Article or its engagement
 pursuant hereto.

      Section 2.   Expenses.  Expenses, including attorneys' fees, incurred
 by a person referred to in Section 1 of this Article in defending or
 otherwise being involved in a proceeding shall be paid by the Corporation
 in advance of the final disposition of such proceeding, including any
 appeal therefrom, upon receipt of an undertaking (the "Undertaking") by or
 on behalf of such person to repay such amount if it shall ultimately be
 determined that he or she is not entitled to be indemnified by the
 Corporation.

      Section 3.   Right of Claimant to Bring Suit.  If a claim under
 Section 1 hereof is not paid in full by the Corporation within 60 days
 after a written claim has been received by the Corporation or if expenses
 pursuant to Section 2 hereof have not been advanced within 10 days after a
 written request for such advancement accompanied by the Undertaking has
 been received by the Corporation, the claimant may at any time thereafter
 bring suit against the Corporation to recover the unpaid amount of the
 claim or the advancement of expenses.  (If the claimant is successful, in
 whole or in part, in such suit or any other suit to enforce a right for
 expenses or indemnification against the Corporation or any other party
 under any other agreement, such claimant shall also be entitled to be paid
 the reasonable expense of prosecuting such claim.) It shall be a defense to
 any such action (other than an action brought to enforce a claim for
 expenses incurred in defending any proceeding in advance of its final
 disposition where the required Undertaking has been tendered to the
 Corporation) that the claimant has not met the standards of conduct which
 make it permissible under the DGCL for the Corporation to indemnify the
 claimant for the amount claimed. After a Change in Control, the burden of
 proving such defense shall be on the Corporation, and any determination by
 the Corporation (including its Board of Directors, independent legal
 counsel or its stockholders) that the claimant had not met the applicable
 standard of conduct required under the DGCL shall not be a defense to the
 action nor create a presumption that claimant had not met such applicable
 standard of conduct.

      Section 4.   Non-Exclusivity of Rights.  The rights conferred on any
 person by this Article shall not be exclusive of any other right which such
 person may have or hereafter acquire under any statute, provision of the
 Certificate of Incorporation, By-Law, agreement, vote of stockholders or
 disinterested directors or otherwise.  The Board of Directors shall have
 the authority, by resolution, to provide for such other indemnification of
 directors, officers, employees or agents as it shall deem appropriate.

      Section 5.   Insurance.  The Corporation may purchase and maintain
 insurance to protect itself and any director, officer, employee or agent of
 the Corporation or another corporation, partnership, joint venture, trust
 or other enterprise against any expenses, liabilities or losses, whether or
 not the Corporation would have the power to indemnify such person against
 such expenses, liabilities or losses under the DGCL.

      Section 6.   Enforceability.  The provisions of this Article shall be
 applicable to all proceedings commenced after its adoption, whether such
 arise out of events, acts, omissions or circumstances which occurred or
 existed prior or subsequent to such adoption, and shall continue as to a
 person who has ceased to be a director or officer and shall inure to the
 benefit of the heirs, executors and administrators of such person.  This
 Article shall be deemed to grant each person who, at any time that this
 Article is in effect, serves or agrees to serve in any capacity which
 entitles him to indemnification hereunder rights against the Corporation to
 enforce the provisions of this Article, and any repeal or other
 modification of this Article or any repeal or modification of the DGCL or
 any other applicable law shall not limit any rights of indemnification then
 existing or arising out of events, acts, omissions, circumstances occurring
 or existing prior to such repeal or modification, including, without
 limitation, the right to indemnification for proceedings commenced after
 such repeal or modification to enforce this Article with regard to acts,
 omissions, events or circumstances occurring or existing prior to such
 repeal or modification.

      Section 7.   Severability.  If this Article or any portion hereof
 shall be invalidated on any ground by any court of competent jurisdiction,
 then the Corporation shall nevertheless indemnify each director and officer
 of the Corporation as to costs, charges and expenses (including attorneys'
 fees), judgments, fines and amounts paid in settlement with respect to any
 proceeding, whether civil, criminal, administrative or investigative,
 including an action by or in the right of the Corporation, to the full
 extent permitted by any applicable portion of this Article that shall not
 have been invalidated and to the full extent permitted by applicable law.

                                ARTICLE VII

                             GENERAL PROVISIONS

      Section 1.   Fiscal Year.  The fiscal year of the Corporation shall be
 the calendar year.

      Section 2.   Corporate Seal.  The corporate seal shall be in such form
 as may be approved from time to time by the Board of Directors.  The seal
 may be used by causing it or a facsimile thereof to be impressed or affixed
 or in any other manner reproduced.

      Section 3.   Waiver of Notice.  Whenever any notice is required to be
 given under law or the provisions of the Certificate of Incorporation or
 these By- Laws, a waiver thereof in writing, signed by the person or
 persons entitled to said notice, whether before or after the time stated
 therein, shall be deemed equivalent to notice.

                                ARTICLE VIII

                                 AMENDMENTS

      These By-Laws may be altered, amended or repealed or new By-Laws may
 be adopted by the Board of Directors.  The fact that the power to amend,
 alter, repeal or adopt the By-Laws has been conferred upon the Board of
 Directors shall not divest the stockholders of the same powers.

EX-99

Exhibit  99.1

Ryerson Tull Declares Dividends and Amends Shareholder Rights Plan

CHICAGO, Sept. 22 /PRNewswire/ -- The Board of Directors of Ryerson Tull,
Inc. (NYSE: RT) at its meeting today declared cash dividends of 5 cents per
share on the company's common stock and 60 cents per share on its Series A
$2.40 Cumulative Convertible Preferred Stock. The dividends will be payable
November 1, 1999, to stockholders of record at the close of business on
October 8, 1999.

Also at the meeting, the directors approved an amendment to the Company's
Shareholder Rights Plan, including a reduction of the triggering threshold
from 20 percent to 10 percent. As amended, if a person, together with such
person's affiliates and associates, becomes the beneficial owner of 10
percent or more of the outstanding common stock of Ryerson Tull, the
outstanding rights (other than those held by the acquiror) become
exercisable for common stock of Ryerson Tull having a value of two times
the exercise price of the right. The public announcement by a person prior
to September 22, 1999 that it held 10 percent or more of the outstanding
shares of Ryerson Tull common stock will not trigger the rights unless such
person subsequently acquires additional shares resulting in its ownership
of 15 percent or more of the outstanding shares of Ryerson Tull common
stock.

A copy of the Amended and Restated Rights Agreement will be filed with the
Securities and Exchange Commission and is available upon request from
Ryerson Tull.

Ryerson Tull, Inc. is North America's leading distributor and processor of
metals, with annual revenues of $2.8 billion. The company has a network of
nearly 70 facilities across the United States and in Canada. Through joint
ventures, the company operates service centers in Mexico and Asia, and
maintains metal trading capabilities around the world.

SOURCE Ryerson Tull, Inc. -0- 09/22/1999

/CONTACT: Terence R. Rogers, Treasurer of Ryerson Tull,
773-788-3206/

/Web site: http://www.ryersontull.com/