RUS Russel Metals Inc

TORONTO, ONTARIO today announced the promotion of two senior executives.

Brian Hedges, formerly Chief Financial Officer of the Company, is promoted to Chief Operating Officer. Mr. Hedges has been with the Company 13 years.

Marion Britton, formerly the Company's Chief Accounting Officer, is promoted to Chief Financial Officer. Ms. Britton has been with the Company 23 years.

Bud Siegel, President and Chief Executive Officer, commented, "Brian and Marion have made significant contributions to our success in elevating Russel Metals to its position as one of the premier metals distribution companies in North America. Their promotions are an extension of our succession planning as Brian has assumed an increasing role in our operations and growth strategy and Marion has assumed greater responsibilities in the financial area. Appointing proven industry executives to these important positions reflects the confidence that our Board of Directors and I have in their capabilities and their dedication to generating continued superior performance for our stakeholders."

Russel Metals is one of the largest metals distribution companies in North America. It carries on business in three distribution segments: metals service centers, energy tubular products and steel distributors, under various names including Russel Metals, A.J. Forsyth, Acier Leroux, Acier Loubier, Acier Richler, Arrow Steel Processors, B&T Steel, Baldwin International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel Metals, Leroux Steel, McCabe Steel, Megantic Metal, Metaux Russel, Metaux Russel Produits Specialises, Milspec Industries, Pioneer Pipe, Russel Metals Specialty Products, Russel Metals Williams Bahcall, Spartan Steel Products, Sunbelt Group, Triumph Tubular & Supply, Wirth Steel and York-Ennis.

Statements contained in this press release that relate to Russel Metals' beliefs or expectations as to certain future events are not statements of historical fact and are forward-looking statements. Russel Metals cautions readers that there are important factors, risks and uncertainties, including but not limited to economic, competitive and governmental factors affecting Russel Metals' operations, markets, products, services and prices that could cause its actual results, performance or achievements to be materially different from those forecasted or anticipated in such forward-looking statements.

The forward-looking statements in this document reflect management's current beliefs and are based on information currently available to management. The material assumptions applied in making the forward-looking statements in this document include the following: there will be steady demand in the manufacturing, resource and construction segments of the Canadian economy, oil and gas prices will not change materially, there will be continued consolidation of steel producers, the recent stability in the price of steel will continue, and the Canadian dollar will maintain recent gains while not appreciating significantly. Although the forward-looking statements contained in this document are based upon what management believes to be reasonable estimates and assumptions, Russel Metals cannot ensure that actual results will not be materially different from those expressed or implied by these forward-looking statements.

Contacts: Russel Metals Inc. Marion E. Britton, C.A. Vice President and Chief Financial Officer (905) 819-7407 Email: info@russelmetals.com Website: www.russelmetals.com

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