Russel Metals Inc.

Russel Metals Inc.

February 24, 2005 13:16 ET

Russel Metals Increases Dividend For Common Shares


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: RUSSEL METALS INC.

TSX SYMBOL: RUS

FEBRUARY 24, 2005 - 13:16 ET

Russel Metals Increases Dividend For Common Shares

TORONTO, ONTARIO--(CCNMatthews - Feb. 24, 2005) - Russel Metals Inc.
(TSX:RUS) announced today that it has declared a dividend in the amount
of Cdn 20 cents per share on its Common Shares, payable on March 15,
2005 to shareholders of record at the close of business on March 8, 2005.

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.

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