News Release

Schnitzer Steel Industries, Inc., Announces Second Quarter 2008 Earnings Conference Call

PORTLAND, Ore.--(BUSINESS WIRE)--March 31, 2008--Schnitzer Steel Industries, Inc. (NASDAQ:SCHN), in conjunction with its second quarter earnings release to be made before the market opens on April 3, 2008, invites you to listen to its conference call that will be broadcast over the Internet Thursday, April 3, 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 by Thomson Financial 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 metal products in the United States with 37 operating facilities located in 11 states throughout the country, including six export facilities located on both the East and West Coasts and in Hawaii. The Company's vertically integrated operating platform also includes its auto parts and steel manufacturing businesses. The Company's auto parts business sells used auto parts through its 35 self-service facilities and 18 full-service facilities located in 14 states and in western Canada. With an annual production capacity of over 750,000 tons, the Company's steel manufacturing business produces finished steel products, including rebar, wire rod and other specialty products. The Company commenced its 102nd year of operations in 2008.

CONTACT: Schnitzer Steel Industries, Inc.
Rob Stone, 503-224-9900

SOURCE: Schnitzer Steel Industries, Inc.

Data provided by Thomson Reuters