<PAGE>   1

                                                                      Exhibit 24





                         INLAND STEEL INDUSTRIES, INC.

                               POWER OF ATTORNEY



         KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Industries, Inc., a Delaware corporation, do
hereby nominate, constitute and appoint Robert J. Darnall, Earl L. Mason, Vicki
L. Avril and George A. Ranney, Jr., or any one or more of them, my true and
lawful attorneys and agents to do any and all acts and things and execute any
and all instruments which said attorneys and agents, or any of them, may deem
necessary or advisable to enable said Inland Steel Industries, Inc. to comply
with the Securities Exchange Act of 1934, as amended, and any requirements of
the Securities and Exchange Commission in respect thereof, in connection with
the preparation and filing of the Annual Report on Form 10-K of said Inland
Steel Industries, Inc. for the fiscal year ended December 31, 1995, including
specifically, but without limitation thereof, full power and authority to sign
my name as a director and (or) officer of said Inland Steel Industries, Inc. to
said Annual Report on Form 10-K and any amendment thereto, hereby ratifying and
confirming all that said attorneys and agents, or any of them, shall do or
cause to be done by virtue thereof.

         IN WITNESS WHEREOF, I have hereunto set my hand this 26th day of
January, 1996.





                                                        /s/  A. Robert Abboud  
                                                        ---------------------
<PAGE>   2





                         INLAND STEEL INDUSTRIES, INC.

                               POWER OF ATTORNEY



         KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Industries, Inc., a Delaware corporation, do
hereby nominate, constitute and appoint Robert J. Darnall, Earl L. Mason, Vicki
L. Avril and George A. Ranney, Jr., or any one or more of them, my true and
lawful attorneys and agents to do any and all acts and things and execute any
and all instruments which said attorneys and agents, or any of them, may deem
necessary or advisable to enable said Inland Steel Industries, Inc. to comply
with the Securities Exchange Act of 1934, as amended, and any requirements of
the Securities and Exchange Commission in respect thereof, in connection with
the preparation and filing of the Annual Report on Form 10-K of said Inland
Steel Industries, Inc. for the fiscal year ended December 31, 1995, including
specifically, but without limitation thereof, full power and authority to sign
my name as a director and (or) officer of said Inland Steel Industries, Inc. to
said Annual Report on Form 10-K and any amendment thereto, hereby ratifying and
confirming all that said attorneys and agents, or any of them, shall do or
cause to be done by virtue thereof.

         IN WITNESS WHEREOF, I have hereunto set my hand this 27th day of
January, 1996.




 
                                                   /s/  James W. Cozad        
                                                   --------------------
<PAGE>   3





                         INLAND STEEL INDUSTRIES, INC.

                               POWER OF ATTORNEY



         KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Industries, Inc., a Delaware corporation, do
hereby nominate, constitute and appoint Robert J. Darnall, Earl L. Mason, Vicki
L. Avril and George A. Ranney, Jr., or any one or more of them, my true and
lawful attorneys and agents to do any and all acts and things and execute any
and all instruments which said attorneys and agents, or any of them, may deem
necessary or advisable to enable said Inland Steel Industries, Inc. to comply
with the Securities Exchange Act of 1934, as amended, and any requirements of
the Securities and Exchange Commission in respect thereof, in connection with
the preparation and filing of the Annual Report on Form 10-K of said Inland
Steel Industries, Inc. for the fiscal year ended December 31, 1995, including
specifically, but without limitation thereof, full power and authority to sign
my name as a director and (or) officer of said Inland Steel Industries, Inc. to
said Annual Report on Form 10-K and any amendment thereto, hereby ratifying and
confirming all that said attorneys and agents, or any of them, shall do or
cause to be done by virtue thereof.

         IN WITNESS WHEREOF, I have hereunto set my hand this 26th day of
January, 1996.





                                                   /s/  Robert J. Darnall     
                                                   ----------------------
<PAGE>   4





                         INLAND STEEL INDUSTRIES, INC.

                               POWER OF ATTORNEY



         KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Industries, Inc., a Delaware corporation, do
hereby nominate, constitute and appoint Robert J. Darnall, Earl L. Mason, Vicki
L. Avril and George A. Ranney, Jr., or any one or more of them, my true and
lawful attorneys and agents to do any and all acts and things and execute any
and all instruments which said attorneys and agents, or any of them, may deem
necessary or advisable to enable said Inland Steel Industries, Inc. to comply
with the Securities Exchange Act of 1934, as amended, and any requirements of
the Securities and Exchange Commission in respect thereof, in connection with
the preparation and filing of the Annual Report on Form 10-K of said Inland
Steel Industries, Inc. for the fiscal year ended December 31, 1995, including
specifically, but without limitation thereof, full power and authority to sign
my name as a director and (or) officer of said Inland Steel Industries, Inc. to
said Annual Report on Form 10-K and any amendment thereto, hereby ratifying and
confirming all that said attorneys and agents, or any of them, shall do or
cause to be done by virtue thereof.

         IN WITNESS WHEREOF, I have hereunto set my hand this 26th day of
January, 1996.





                                                   /s/  James A. Henderson      
                                                   -----------------------
<PAGE>   5





                         INLAND STEEL INDUSTRIES, INC.

                               POWER OF ATTORNEY



         KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Industries, Inc., a Delaware corporation, do
hereby nominate, constitute and appoint Robert J. Darnall, Earl L. Mason, Vicki
L. Avril and George A. Ranney, Jr., or any one or more of them, my true and
lawful attorneys and agents to do any and all acts and things and execute any
and all instruments which said attorneys and agents, or any of them, may deem
necessary or advisable to enable said Inland Steel Industries, Inc. to comply
with the Securities Exchange Act of 1934, as amended, and any requirements of
the Securities and Exchange Commission in respect thereof, in connection with
the preparation and filing of the Annual Report on Form 10-K of said Inland
Steel Industries, Inc. for the fiscal year ended December 31, 1995, including
specifically, but without limitation thereof, full power and authority to sign
my name as a director and (or) officer of said Inland Steel Industries, Inc. to
said Annual Report on Form 10-K and any amendment thereto, hereby ratifying and
confirming all that said attorneys and agents, or any of them, shall do or
cause to be done by virtue thereof.

         IN WITNESS WHEREOF, I have hereunto set my hand this 27th day of
January, 1996.





                                                /s/  Robert B. McKersie
                                                -----------------------
<PAGE>   6





                         INLAND STEEL INDUSTRIES, INC.

                               POWER OF ATTORNEY



         KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Industries, Inc., a Delaware corporation, do
hereby nominate, constitute and appoint Robert J. Darnall, Earl L. Mason, Vicki
L. Avril and George A. Ranney, Jr., or any one or more of them, my true and
lawful attorneys and agents to do any and all acts and things and execute any
and all instruments which said attorneys and agents, or any of them, may deem
necessary or advisable to enable said Inland Steel Industries, Inc. to comply
with the Securities Exchange Act of 1934, as amended, and any requirements of
the Securities and Exchange Commission in respect thereof, in connection with
the preparation and filing of the Annual Report on Form 10-K of said Inland
Steel Industries, Inc. for the fiscal year ended December 31, 1995, including
specifically, but without limitation thereof, full power and authority to sign
my name as a director and (or) officer of said Inland Steel Industries, Inc. to
said Annual Report on Form 10-K and any amendment thereto, hereby ratifying and
confirming all that said attorneys and agents, or any of them, shall do or
cause to be done by virtue thereof.

         IN WITNESS WHEREOF, I have hereunto set my hand this 25th day of
January, 1996.






                                                    /s/  Maurice S. Nelson   
                                                    ----------------------
<PAGE>   7



                         INLAND STEEL INDUSTRIES, INC.

                               POWER OF ATTORNEY


         KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Industries, Inc., a Delaware corporation, do
hereby nominate, constitute and appoint Robert J. Darnall, Earl L. Mason, Vicki
L. Avril and George A. Ranney, Jr., or any one or more of them, my true and
lawful attorneys and agents to do any and all acts and things and execute any
and all instruments which said attorneys and agents, or any of them, may deem
necessary or advisable to enable said Inland Steel Industries, Inc. to comply
with the Securities Exchange Act of 1934, as amended, and any requirements of
the Securities and Exchange Commission in respect thereof, in connection with
the preparation and filing of the Annual Report on Form 10-K of said Inland
Steel Industries, Inc. for the fiscal year ended December 31, 1995, including
specifically, but without limitation thereof, full power and authority to sign
my name as a director and (or) officer of said Inland Steel Industries, Inc. to
said Annual Report on Form 10-K and any amendment thereto, hereby ratifying and
confirming all that said attorneys and agents, or any of them, shall do or
cause to be done by virtue thereof.

         IN WITNESS WHEREOF, I have hereunto set my hand this 26th day of
January, 1996.


                                                /s/  Donald S. Perkins   
                                                ----------------------
<PAGE>   8





                         INLAND STEEL INDUSTRIES, INC.

                               POWER OF ATTORNEY



         KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Industries, Inc., a Delaware corporation, do
hereby nominate, constitute and appoint Robert J. Darnall, Earl L. Mason, Vicki
L. Avril and George A. Ranney, Jr., or any one or more of them, my true and
lawful attorneys and agents to do any and all acts and things and execute any
and all instruments which said attorneys and agents, or any of them, may deem
necessary or advisable to enable said Inland Steel Industries, Inc. to comply
with the Securities Exchange Act of 1934, as amended, and any requirements of
the Securities and Exchange Commission in respect thereof, in connection with
the preparation and filing of the Annual Report on Form 10-K of said Inland
Steel Industries, Inc. for the fiscal year ended December 31, 1995, including
specifically, but without limitation thereof, full power and authority to sign
my name as a director and (or) officer of said Inland Steel Industries, Inc. to
said Annual Report on Form 10-K and any amendment thereto, hereby ratifying and
confirming all that said attorneys and agents, or any of them, shall do or
cause to be done by virtue thereof.

         IN WITNESS WHEREOF, I have hereunto set my hand this 26th day of
January, 1996.





                                                  /s/  Jean-Pierre Rosso
                                                  ----------------------
<PAGE>   9





                         INLAND STEEL INDUSTRIES, INC.

                               POWER OF ATTORNEY



         KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Industries, Inc., a Delaware corporation, do
hereby nominate, constitute and appoint Robert J. Darnall, Earl L. Mason, Vicki
L. Avril and George A. Ranney, Jr., or any one or more of them, my true and
lawful attorneys and agents to do any and all acts and things and execute any
and all instruments which said attorneys and agents, or any of them, may deem
necessary or advisable to enable said Inland Steel Industries, Inc. to comply
with the Securities Exchange Act of 1934, as amended, and any requirements of
the Securities and Exchange Commission in respect thereof, in connection with
the preparation and filing of the Annual Report on Form 10-K of said Inland
Steel Industries, Inc. for the fiscal year ended December 31, 1995, including
specifically, but without limitation thereof, full power and authority to sign
my name as a director and (or) officer of said Inland Steel Industries, Inc. to
said Annual Report on Form 10-K and any amendment thereto, hereby ratifying and
confirming all that said attorneys and agents, or any of them, shall do or
cause to be done by virtue thereof.

              IN WITNESS WHEREOF, I have hereunto set my hand this 30th day of 
January, 1996.





                                                    /s/  Joshua I. Smith
                                                    --------------------
<PAGE>   10





                         INLAND STEEL INDUSTRIES, INC.

                               POWER OF ATTORNEY



         KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Industries, Inc., a Delaware corporation, do
hereby nominate, constitute and appoint Robert J. Darnall, Earl L. Mason, Vicki
L. Avril and George A. Ranney, Jr., or any one or more of them, my true and
lawful attorneys and agents to do any and all acts and things and execute any
and all instruments which said attorneys and agents, or any of them, may deem
necessary or advisable to enable said Inland Steel Industries, Inc. to comply
with the Securities Exchange Act of 1934, as amended, and any requirements of
the Securities and Exchange Commission in respect thereof, in connection with
the preparation and filing of the Annual Report on Form 10-K of said Inland
Steel Industries, Inc. for the fiscal year ended December 31, 1995, including
specifically, but without limitation thereof, full power and authority to sign
my name as a director and (or) officer of said Inland Steel Industries, Inc. to
said Annual Report on Form 10-K and any amendment thereto, hereby ratifying and
confirming all that said attorneys and agents, or any of them, shall do or
cause to be done by virtue thereof.

         IN WITNESS WHEREOF, I have hereunto set my hand this 25th day of
January, 1996.





                                                /s/  Nancy H. Teeters
                                                ---------------------
<PAGE>   11





                         INLAND STEEL INDUSTRIES, INC.

                               POWER OF ATTORNEY



         KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Industries, Inc., a Delaware corporation, do
hereby nominate, constitute and appoint Robert J. Darnall, Earl L. Mason, Vicki
L. Avril and George A. Ranney, Jr., or any one or more of them, my true and
lawful attorneys and agents to do any and all acts and things and execute any
and all instruments which said attorneys and agents, or any of them, may deem
necessary or advisable to enable said Inland Steel Industries, Inc. to comply
with the Securities Exchange Act of 1934, as amended, and any requirements of
the Securities and Exchange Commission in respect thereof, in connection with
the preparation and filing of the Annual Report on Form 10-K of said Inland
Steel Industries, Inc. for the fiscal year ended December 31, 1995, including
specifically, but without limitation thereof, full power and authority to sign
my name as a director and (or) officer of said Inland Steel Industries, Inc. to
said Annual Report on Form 10-K and any amendment thereto, hereby ratifying and
confirming all that said attorneys and agents, or any of them, shall do or
cause to be done by virtue thereof.

         IN WITNESS WHEREOF, I have hereunto set my hand this 26th day of
January, 1996.





                                               /s/  Arnold R. Weber
                                               --------------------