Schnitzer Announces Fourth Quarter And Fiscal 2012 Earnings Date And Conference Call October 25, 2012 – 11:30 A.m. Eastern

Schnitzer Steel Industries, Inc. (Nasdaq:SCHN) will report its Fourth Quarter and Fiscal 2012 financial results on Thursday, October 25, 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.

Replay Information

Toll Free Dial In: 855-859-2056 or 800-585-8367

Toll Free International Dial In: 404-537-3406

Conference ID # 24640952

Available from: 10/25/2012 15:30 to 10/31/2012 23:59

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 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 106 th year of operation in fiscal 2012.

Copyright Business Wire 2010

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