Reliance Steel & Aluminum Co. Acquires Assets of HLN Metal Centre Pte. Ltd.

LOS ANGELES--(BUSINESS WIRE)--

Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it has acquired the assets, including the inventory, machinery, and equipment, of the Singapore operation of HLN Metal Centre Pte. Ltd. (HLN Metal). The primary business of Singapore-based HLN Metal involves the processing and distribution of custom machined materials and the sawing of metal products and components. The purchase price of the assets was approximately $2.6 million.

The business will operate as Reliance Metalcenter Asia Pacific Pte. Ltd. (RMAP). The new business will focus primarily on supplying the electronics, semiconductor, and solar energy markets. This acquisition represents an expansion of Reliance Steel & Aluminum Co.'s presence in Asia, and demonstrates the Company's continued commitment to international growth.

Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is the largest metals service center company in North America. Through a network of more than 200 locations in 39 states and Belgium, Canada, China, Mexico, South Korea and the United Kingdom, the Company provides value-added metals processing services and distributes a full line of over 100,000 metal products to more than 125,000 customers in a broad range of industries.

Reliance Steel & Aluminum Co.'s press releases and additional information are available on the Company's web site at www.rsac.com. The Company was named to the 2008 "Fortune 500" List, the Fortune 2008 List of "America's Most Admired Companies," the 2008 Forbes "America's Best Managed Companies" List, and the 2008 Forbes "Platinum 400 List of America's Best Big Companies."

This release may contain forward-looking statements. Actual results and events may differ materially as a result of a variety of factors, many of which are outside of Reliance Steel & Aluminum Co.'s control. Risk factors and additional information are included in Reliance Steel & Aluminum Co.'s reports on file with the Securities and Exchange Commission, including Reliance Steel & Aluminum Co.'s Annual Report on Form 10-K for the year ended December 31, 2007, and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2008 and June 30, 2008.

Source: Reliance Steel & Aluminum Co.

Released September 17, 2008