Reliance Steel & Aluminum Co. Declares 2007 Third Quarter Dividend Payment

LOS ANGELES--(BUSINESS WIRE)--

Reliance Steel & Aluminum Co. (NYSE:RS) announced today that on July 18, 2007, its Board of Directors declared a regular quarterly cash dividend of $.08 per share of common stock. The dividend is payable on September 14, 2007 to shareholders of record August 24, 2007. The Company has paid regular quarterly dividend payments for 47 consecutive years. On July 19, 2007, Reliance reported record financial results for the second quarter ended June 30, 2007. Sales were $1.90 billion, up 22% compared with 2006 second quarter sales of $1.56 billion. Net income was $122.8 million, up 22% compared with net income of $100.5 million for the 2006 second quarter. Earnings per diluted share were $1.59, compared with $1.32 for the same period a year ago.

Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is one of the largest metals service center companies in the United States. Through a network of more than 180 locations in 37 states and Belgium, Canada, China and South Korea, the Company provides value-added metals processing services and distributes a full line of over 100,000 metal products. These products include galvanized, hot-rolled and cold-finished steel; stainless steel; aluminum; brass; copper; titanium and alloy steel sold to more than 125,000 customers in various 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 2007 "Fortune 500" List and the Fortune "100 Fastest Growing Companies" List and the Fortune 2007 List of "America's Most Admired Companies" and the 2007 Forbes "Platinum 400 List of America's Best Big Companies." This release may contain forward-looking statements relating to future financial results. Actual results may differ materially as a result of factors over which Reliance Steel & Aluminum Co. has no control. These risk factors and additional information are included in the Company's Annual Report on Form 10-K for the year ended December 31, 2006 and other reports on file with the Securities and Exchange Commission.

Source: Reliance Steel & Aluminum Co.

Released July 24, 2007