News Release

Schnitzer Steel Industries, Inc. Third Quarter 2010 Financial Conference Call

PORTLAND, Ore., Jun 24, 2010 (BUSINESS WIRE) --Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) said it will release the financial results of its third fiscal quarter after the market closes on June 30, 2010 and will hold a conference call for analysts at 5:00 p.m. Eastern Time on that same day.

The webcast of the call and the accompanying slide presentation may be accessed on the Schnitzer Steel website under the Investors section's Event Calendar page at The slides will be available on the web site one hour prior to the call. The call will be hosted by Tamara Lundgren, President and Chief Executive Officer, and Richard Peach, Chief Financial Officer.

Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled ferrous metal products in the United States with 42 operating facilities located in 13 states and Puerto Rico, including seven export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico. 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 45 self-service facilities located in 14 states and in western Canada. With an effective annual production capacity of approximately 800,000 tons, the Company's steel manufacturing business produces finished steel products, including rebar, wire rod and other specialty products. The Company commenced its 104th year of operations in fiscal 2010.

SOURCE: Schnitzer Steel Industries, Inc.

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

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