Reliance Steel & Aluminum Co. Subsidiary AMI Metals, Inc. Awarded Lockheed Martin...

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Aug. 8, 2003

Reliance Steel & Aluminum Co. (NYSE:RS) announced today that its subsidiary, AMI Metals, Inc., headquartered in Brentwood, Tennessee, has been awarded two contracts. AMI Metals was awarded an aluminum plate contract

to support the Lockheed Martin Aeronautics Company. The $38 million contract runs through December 31, 2008, with the possibility of additional option years. The contract requirements include value-added, just-in-time, cut-to-size processing of aluminum plate for use at several Lockheed Martin facilities across the United States focusing on military aerospace applications.

Additionally, AMI Metals was also awarded a contract with GKN Aerospace Limited. The $1.2 million contract runs through December 31, 2005, with the possibility of additional option years. The contract requirements include value-added, just-in-time, cut-to-size processing of aluminum sheet for use at the GKN facility in the United Kingdom focusing on aerospace applications.

David H. Hannah, Reliance's Chief Executive Officer, said, "We are pleased that AMI Metals has been chosen to provide aluminum plate for Lockheed Martin Aeronautics Company and aluminum sheet for GKN Aerospace Limited. These contracts are a fine example of the capabilities of AMI Metals to service the aerospace industry."

Scott A. Smith, president of AMI Metals, Inc., said, "We are proud of our long-term relationship with Lockheed Martin and our ability to assist them going forward with the aluminum products and services needed for the manufacture of their military aircraft. We also look forward to assisting GKN Aerospace by providing global coverage through our six strategically located U.S facilities and our new European facility located in Belgium. AMI Metals has worked together for many years with Lockheed Martin and GKN Aerospace on several programs that have resulted in reduced costs, high quality products and on-time delivery, while also utilizing the optimum best value and business practices."

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 107 processing and distribution centers in 29 states and Belgium, France and South Korea, the Company provides value added metals processing services and distributes a full line of over 85,000 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 85,000 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 ranked No. 1 in sales (five-year average) in the metals industry category of the 2003 Forbes Platinum 400 List of America's Best Big Companies and was also named to the 2002, 2001 and 2000 lists.

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.