Russel Metals Inc.

Russel Metals Inc.

September 10, 2007 14:30 ET

Russel Metals to Terminate Its Reporting Obligations Under the U.S. Securities Exchange Act of 1934

TORONTO, ONTARIO--(Marketwire - Sept. 10, 2007) - Russel Metals Inc. (TSX:RUS) today announced that it intends to terminate its reporting obligations under section 15(d) of the Securities Exchange Act of 1934 ("Exchange Act") with respect to its 6.375% Senior Notes due March 1, 2014.

Pursuant to the newly-adopted Rule 12h-6 under the Exchange Act, the Securities and Exchange Commission ("SEC") now permits a foreign private issuer to terminate its reporting obligations under Section 15(d) of the Exchange Act with respect to a class of securities. Russel Metals has today filed a Form 15F with the SEC to terminate its reporting obligations with respect its 6.375% Senior Notes. The termination will become effective 90 days after the filing, unless the Form 15F is earlier withdrawn by the Company or denied by the SEC.

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, Wirth Steel and York-Ennis.

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