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

LOS ANGELES--(BUSINESS WIRE)--

Reliance Steel & Aluminum Co. (NYSE:RS) announced today that on April 18, 2007, its Board of Directors declared a regular quarterly cash dividend of $.08 per share of common stock. The dividend is payable on June 22, 2007 to shareholders of record June 1, 2007. The Company has paid regular quarterly dividend payments for 47 consecutive years. On February 14, 2007, the Board of Directors declared a 33% increase in the regular quarterly cash dividend to $.08 per share of common stock. On April 19, 2007, Reliance reported record financial results for the first quarter ended March 31, 2007. Sales were $1.84 billion, up 86% compared with 2006 first quarter sales of $988 million. Net income was $111.7 million, up 55% compared with net income of $71.9 million for the 2006 first quarter. Earnings per diluted share were $1.46, compared with $1.07 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 List of "America's Most Admired Companies" by Fortune 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 reports on file with the Securities and Exchange Commission.

Source: Reliance Steel & Aluminum Co.

Released April 24, 2007