Reliance Steel & Aluminum Co. Declares 1997 Fourth-Quarter Dividend Payment

Business Wire, Nov 21, 1997

LOS ANGELES--(BUSINESS WIRE)--Nov. 21, 1997--Reliance Steel & Aluminum Co. (NYSE:RS) Friday announced that its board of directors has declared a regular quarterly cash dividend of 3-1/2 cents per share of common stock, payable on Jan. 9, 1998, to shareholders of record Dec. 19, 1997.

Reliance has paid quarterly dividends for 37 consecutive years.

Reliance Steel & Aluminum Co., with headquarters in Los Angeles, is one of the largest metals service-center companies in the United States.

Through a network of 43 metals service centers in 15 states, including CCC Steel Inc., Siskin Steel & Supply Co. Inc., AMI Metals Inc., Amalco Metals Inc., Service Steel Aerospace Corp. and Reliance's 50 percent-owned and operationally controlled company, American Steel LLC, the company provides value-added metals-processing services and distributes a full line of more than 20,000 metal products.

These products include galvanized, hot-rolled and cold-finished steel; stainless steel; aluminum; brass; copper; and alloy steel to more than 33,000 customers in various industries.

Valex Corp., a 97 percent-owned subsidiary, is a leading domestic manufacturer and worldwide distributor of electropolished stainless-steel tubing and fittings used in the construction and maintenance of semiconductor-manufacturing plants.

CONTACT: Reliance Steel & Aluminum Co., Los Angeles

David H. Hannah, 213/582-2272

or

Hill and Knowlton Inc., Los Angeles

Kim P. Feazle, 213/966-5721