Schnitzer Steel Industries, Inc. (NASDAQ:SCHN), in conjunction with its fourth quarter earnings release to be made before the market opens on October 27, 2009, invites you to listen to its conference call and view a slide presentation that will be broadcast over the Internet Tuesday, October 27, 2009 at 11:30 a.m. Eastern Time with Tamara Lundgren, President and Chief Executive Officer, and Richard Peach, Chief Financial Officer.

The call and slide presentation are being webcast and can be accessed on the events calendar page located in the investor relations section of Schnitzer Steel’s web site at www.schnitzersteel.com.

Schnitzer Steel Industries, Inc. is one of the largest manufacturers and exporters of recycled ferrous metal products in the United States with 42 operating facilities located in 13 states and Puerto Rico, including seven export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico. The Company’s vertically integrated operating platform also includes its auto parts and steel manufacturing businesses. The Company’s auto parts business sells used auto parts through its 43 self-service facilities located in 14 states and in western Canada. With an annual production capacity of nearly 800,000 tons, the Company’s steel manufacturing business produces finished steel products, including rebar, wire rod and other specialty products. The Company commenced its 104th year of operations in fiscal 2010