Novamerican Steel Inc. to Announce Third Quarter Results

Business Wire, Sept 23, 2008

NORWOOD, Mass. -- Novamerican Steel Inc. ("Novamerican") (NASDAQ: TONS, TONSW) will release its financial results for the quarter ended August 30, 2008 on Monday, October 13, 2008, prior to the opening of the markets. Novamerican's conference call with investors and analysts will be held later that morning, Monday, October 13, 2008, at 11:00 am Eastern Standard Time.

[TABLE OMITTED]

About Novamerican Steel Inc.

Novamerican has twenty-one operating locations in Canada and the United States. It processes and distributes carbon steel, stainless steel and aluminum products and operates as an intermediary between primary metal producers and manufacturers that require processed metal. Novamerican also produces roll formed steel sections and manufactures heavy equipment parts and accessories. Novamerican's flat rolled processing capabilities include pickling, slitting, blanking, leveling, temper-rolling and cutting-to-length to precise customer specifications. Additionally, Novamerican performs many of these processing services for customers who provide their own steel, referred to in the industry as toll processing. For additional information on Novamerican, visit its website at http://www.novamerican.com.