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Schnitzer Announces Third Quarter Earnings Date June 28, 2012 – 11:30 A.m. Eastern

Schnitzer Steel Industries, Inc. (Nasdaq:SCHN) will report its third quarter 2012 financial results on Thursday, June 28, 2012 and will webcast a conference call to discuss the performance at 11:30 a.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 Investor section’s Event Calendar at www.schnitzersteel.com/events. 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 57 operating facilities located in 14 states, Puerto Rico and Western Canada. The business has seven deep water export facilities located on both the East and West Coasts and 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 51 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 106th year of operations in fiscal 2012. Schnitzer was named Scrap Company of the Year by American Metals Market's 2011 Awards for Steel Excellence. The awards recognize advancements rooted in pioneering and implementing business improvements that have delivered real change to the steel industry.

Copyright Business Wire 2010

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