August 28, 2008

Schnitzer Steel board declares quarterly dividend

The Board of Directors of Schnitzer Steel Industries, Inc declared a cash dividend of USD 0.017 per common share, payable on June 2, 2008, to shareholders of record on May 19th 2008. Schnitzer has paid a dividend every quarter since going public in November 1993.

Schnitzer Steel Industries Inc is one of the largest manufacturers and exporters of recycled ferrous metal products in the United States with 36 operating facilities located in 11 states throughout the country, including six export facilities located on both the East and West Coasts and in Hawaii.