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ROANOKE ELECTRIC STEEL DECLARES 139TH CONSECUTIVE QUARTERLY CASH DIVIDEND

 ROANOKE, Va., July 20 /PRNewswire/ -- Roanoke Electric Steel Corporation (NASDAQ-NMS: RESC) today reported that at a regular meeting of the board of directors of the corporation held July 20, 1993, the 139th consecutive quarterly cash dividend was declared in the amount of 12 cents per share of common stock payable Aug. 25, 1993, to shareholders of record Aug. 6, 1993.
 Roanoke Electric Steel Corporation is a mini-mill producer of finished steel products, consisting of angles, plain rounds, flats, channels and reinforcing bars, which are sold to steel fabricators and steel service centers and semi-finished steel billets, which are sold to other steel producers. Four subsidiaries are involved in various steel- related activities, consisting of steel scrap processing, steel bar joist fabrication and reinforcing bar fabrication.
 -0- 7/20/93
 /CONTACT: Thomas J. Crawford of Roanoke Electric Steel Corporation, 703-342-1831/
 (RESC)


CO: Roanoke Electric Steel Corporation ST: Virginia IN: MNG SU: DIV

DC-IH -- DC037 -- 3558 07/20/93 16:26 EDT
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Publication:PR Newswire
Date:Jul 20, 1993
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