News Release

Schnitzer Announces Fourth Quarter Earnings Date
October 20, 2011 - 5:00 p.m. Eastern

PORTLAND, Ore., Oct 11, 2011 (BUSINESS WIRE) --

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) will report its fourth quarter 2011 financial results on Thursday, October 20, 2011, and will webcast a conference call to discuss the performance at 5:00 p.m. Eastern on the 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 at The call will be hosted by Tamara Lundgren, President and Chief Executive Officer, and Richard Peach, Senior Vice President and Chief Financial Officer.

About Schnitzer Steel Industries, Inc.

Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled ferrous metal products in the United States with 58 operating facilities located in 14 states, Puerto Rico and Western Canada. The Company has seven deep water export facilities located on both the West and East coasts as well as in Hawaii and Puerto Rico. The Company's integrated operating platform also includes its auto parts and steel manufacturing businesses. The Company's auto parts business sells used auto parts through its 50 self-service facilities located in 14 states and 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 105th year of operations in fiscal year 2011.

SOURCE: Schnitzer Steel Industries, Inc.

Schnitzer Steel Industries, Inc.
Investor Relations: Alexandra Deignan, 646-278-9711
Media Relations: Chip Terhune, 503-367-2568
Email: [email protected]

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