News Release

Schnitzer Steel Industries, Inc. First Quarter 2008 Earnings Conference Call

PORTLAND, Ore.--(BUSINESS WIRE)--Jan. 3, 2008--Schnitzer Steel Industries, Inc. (NASDAQ:SCHN), in conjunction with its first quarter 2008 earnings release to be made before the market opens on January 7, 2008, invites you to listen to its conference call that will be broadcast over the Internet Monday, January 7, 2008 at 11:30 a.m. Eastern Time with John D. Carter, President and Chief Executive Officer, and Richard D. Peach, Chief Financial Officer.

The call is being webcast 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 largest manufacturers and exporters of recycled ferrous metals products in the United States with 34 operating facilities located in 11 states throughout the country, including six export facilities located on the East and West Coasts and in Hawaii. SSI's vertically integrated operating platform also includes its auto parts and steel manufacturing businesses. SSI's auto parts business sells used auto parts through its 35 Pick-n-Pull self service facilities and 18 GreenLeaf full service facilities located in 14 states and western Canada. With an annual production capacity of more than 750,000 tons, SSI's steel manufacturing business produces finished steel products, including rebar, wire rod and other specialty products. SSI commenced its 102nd year of operations in 2008.

    CONTACT: Schnitzer Steel Industries, Inc.
             Investor Relations Contact: Rob Stone, 503-224-9900
             Press Relations Contact: Tom Zelenka, 503-323-2821
             Email: [email protected]

    SOURCE: Schnitzer Steel Industries, Inc.

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