<PAGE>   1



                                                                      Exhibit 24




                              INLAND STEEL COMPANY

                               POWER OF ATTORNEY



    KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, 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 Company 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 Company 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 Company 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 COMPANY

                               POWER OF ATTORNEY



    KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, 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 Company 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 Company 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 Company 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 COMPANY

                               POWER OF ATTORNEY



    KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, 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 Company 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 Company 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 Company 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 COMPANY

                               POWER OF ATTORNEY



    KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, 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 Company 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 Company 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 Company 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 COMPANY

                               POWER OF ATTORNEY



    KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, 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 Company 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 Company 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 Company 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 COMPANY

                               POWER OF ATTORNEY



    KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, 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 Company 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 Company 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 Company 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 COMPANY

                               POWER OF ATTORNEY



    KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, 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 Company 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 Company 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 Company 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 COMPANY

                               POWER OF ATTORNEY



    KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, 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 Company 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 Company 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 Company 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 COMPANY

                               POWER OF ATTORNEY



    KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, 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 Company 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 Company 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 Company 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 COMPANY

                               POWER OF ATTORNEY



    KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, 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 Company 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 Company 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 Company 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 COMPANY

                               POWER OF ATTORNEY



    KNOW ALL MEN BY THESE PRESENTS, that I, the undersigned, as a director
and(or) officer of Inland Steel Company, 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 Company 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 Company 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 Company 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      
                                                    --------------------