Russel Metals Inc.

Russel Metals Inc.

March 17, 2005 10:39 ET

Russel Metals' Executive Share Purchase


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: RUSSEL METALS INC.

TSX SYMBOL: RUS

MARCH 17, 2005 - 10:39 ET

Russel Metals' Executive Share Purchase

TORONTO, ONTARIO--(CCNMatthews - March 17, 2005) - Russel Metals Inc.
(TSX:RUS) announced that the Chief Executive Officer and other senior
executives have exercised stock options.

Edward M. Siegel, Jr., Chief Executive Officer, exercised options and
sold 225,000 common shares. He currently holds 800,000 common shares
worth approximately $14.2 million. Mr. Siegel has 375,000 common share
options remaining after the exercise.

Brian R. Hedges, Chief Financial Officer, exercised options and sold
95,000 common shares. After giving effect to the trade, Mr. Hedges
currently holds 100,000 common shares worth $1.8 million and 170,000
common share options.

Russel Metals is one of the largest metals distribution companies in
North America. It carries on business in three distribution segments:
metals service centers, energy tubular products and steel distributors,
under various names including Russel Metals, A.J. Forsyth, Acier Leroux,
Acier Loubier, Acier Richler, Arrow Steel Processors, B&T Steel, Baldwin
International, Comco Pipe and Supply, Fedmet Tubulars, Leroux Steel,
McCabe Steel, Megantic Metal, Metaux Russel, Milspec Industries, Pioneer
Pipe, Russel Leroux, Russel Metals Williams Bahcall, Spartan Steel
Products, Sunbelt Group, Triumph Tubular & Supply, Vantage Laser, Wirth
Steel and York-Ennis.

-30-

Contact Information