News Release

Schnitzer Steel Industries, Inc. Second Quarter 2005 Earnings Conference Call

PORTLAND, Ore.--(BUSINESS WIRE)--March 24, 2005--Schnitzer Steel Industries, Inc. (NASDAQ:SCHN), in conjunction with its second quarter earnings release to be made before the market opens on April 6, 2005, invites you to listen to its conference call that will be broadcast over the Internet Wednesday, April 6, 2005 at 11:30 a.m. Eastern Time with Robert W. Philip, Chairman and Chief Executive Officer and Barry A. Rosen, Vice President - Finance and Chief Financial Officer.

The call is being webcast by CCBN and can be accessed on the events calendar page located in the investor relations section of Schnitzer Steel's web site at

Schnitzer Steel Industries, Inc. is one of the nation's largest recyclers of ferrous metals, a leading self-service used auto parts retailer with 30 locations in the U.S. and Canada, and manufacturer of finished steel products. The Company, with its joint venture partners, processes approximately 5.2 million tons of recycled ferrous metals per year as well as brokers nearly 3.0 million tons through various brokerage arrangements. In addition, the Company's steel mill has an annual production capacity of approximately 700,000 tons of finished steel products. The Company and its joint venture partners operate primarily along the West Coast and Northeastern seaboard of the United States.

    CONTACT: Schnitzer Steel Industries, Inc.
             Financial Contact:
             Barry Rosen, 503-323-2720
             Press Contact:
             Tom Zelenka, 503-323-2821
             [email protected]

    SOURCE: Schnitzer Steel Industries, Inc.

Data provided by Thomson Reuters