Newport Beach, CA, February 2, 2004 -Macsteel Service Centers USA Inc., announced today that it has acquired the business and assets of Hokin-Katz, a privately owned metals service center located in Los Angeles, California. Terms of the purchase were not disclosed.

Hokin-Katz will operate under its existing name as a Macsteel Service Centers USA facility. Their management will continue with the Company in their present roles. The current flat rolled business of Macsteel Service Centers USA, Western Division will be relocated to the Hokin-Katz operations.

Hokin-Katz specializes in close tolerance slitting and precision blanking of high quality products including thin gauges and surface critical coated and non-coated steel products, supplying high end focused niche markets. In addition, they distribute the broadest variety of products to be found on the West Coast.

Michael Hoffman, President and CEO of Macsteel Service Centers USA commented: "Hokin-Katz is an excellent fit for our company. They not only enhance the Macsteel Service Centers USA current product offering but also extend our flat rolled customer base in the California market. We are pleased that the existing employees will continue to operate the facility and become part of our Macsteel team."

Marshall Katz, President and Co-Founder of Hokin Katz added: "I am elated with the opportunity to join an organization with an eye to the future of the steel service center industry. There is a perfect fit between the two companies since neither currently competes with the other and the strong attributes of both companies will be greatly enhanced."



The acquisition of Hokin-Katz follows on the heels of Macsteel Service Centers USA's recent purchases of Baldwin Steel in 2002 and structural steel specialist, Regal Steel in 2003. In June 2003, Macsteel expanded its presence in Mexico with the establishment of a Greenfield site, Macsteel Service Centers de Mexico.

Macsteel Service Centers USA is one of the leading companies in the North American metals service center industry. The company has a network of 29 locations, which includes the former Edgcomb Metals, Regal Steel, Baldwin Steel and Ferro Union sites, all of which now operate under one name, Macsteel Service Centers USA.

Macsteel Service Centers USA processes and distributes carbon, stainless, aluminum and specialty metals to customers throughout North America and Puerto Rico. Products include a full range of flat rolled, plate, tubing, pipe, bar and structurals. The company also supplies a full range of steel building products, coated and prepainted metals.
 
Macsteel Service Centers USA is headquartered in Newport Beach, CA and is owned by the global steel company, Macsteel Holdings.
 

Macsteel Service Centers USA Expands in California-
Acquires Regal Steel Supply

CHICAGO, IL, March 3, 2003 -Macsteel Service Centers USA Inc., announced today that it has acquired the business and assets of Regal Steel Supply, headquartered in Stockton, California. Terms of the purchase were not disclosed.

As a result of the acquisition, Regal Steel will operate as a Macsteel Service Centers USA division, under its existing name. Current Regal management will continue to operate the facility.

Regal Steel Supply is currently owned jointly by the Corus Group and Birch Lakes Investments, and is a Long Products service center. The company operates facilities in Stockton and Fontana, California and maintains an extensive inventory of beams and other structural products supplying building and construction industries.

In announcing the acquisition, Michael Hoffman, CEO & President of Macsteel Service Centers USA said, "We are most pleased to acquire Regal Steel as the company closely aligns with our market focus and business units in California. Regal enjoys an excellent reputation with its customers and suppliers. We are looking forward to adding them and their innovative staff to our network and as a result to further expand Macsteel's participation in the structural products market.

On September 30, 2002, Macsteel Service Centers USA announced that it had acquired the business and assets of Baldwin Steel Company.

Macsteel Service Centers USA is one of the leading companies in the North American metals service center industry. Through its operating entities, Edgcomb Metals Company, Ferro Union, California Steel & Tube, Baldwin Steel and newly acquired Regal Steel, it operates 31 service centers, plants and offices, servicing the majority of the U.S. market., Puerto Rico and Mexico. The company processes and distributes a full range of carbon steel, general line, stainless and aluminum flat rolled and specialty products to customers throughout North America. These products include the manufacture of mechanical tube and rolled-formed products; value added plate processing and prepainted metals.

Macsteel Service Centers USA is owned by the global steel company, Macsteel Holdings.

Macsteel Service Centers USA Expands its Network-
Acquires Baldwin Steel Company

CHICAGO, IL, September 30, 2002 -Macsteel Service Centers USA Inc., announced today that it has acquired substantially all of the business and assets of Baldwin Steel Company, headquartered in Laurence Harbor, New Jersey. Terms of the purchase were not disclosed.

As a result of the acquisition, Baldwin Steel Company will operate as a Macsteel Service Centers USA region, under its existing name. Current Baldwin management will continue to operate the facilities.

Baldwin Steel Company is owned by the privately held Duferco Group, and is full-line metals processor and service center. The company has served the U.S. industry for more than 40 years and operates facilities in Tulsa, Oklahoma; Houston, Texas; Memphis, Tennessee and Chicago, Illinois. Baldwin Steel maintains an extensive inventory of value added and coated products supplying most industries. Their processes include light gauge slitting, multi-cut blanking and processing of prepainted and coated products. They also operate numerous roll-forming machines.

According to Michael Hoffman, CEO & President of Macsteel Service Centers USA, "The acquisition of Baldwin Steel fits well with our current operations. It not only broadens our product range but also strengthens our market presence in key geographic areas that complement our existing market reach. Furthermore, we are excited to have added such an astute and talented management group to our team."



Ben Sciortino on behalf of the Duferco Group commented, "We are pleased to complete the sale of the Baldwin Steel business to our friends at Macsteel with whom we have a close relationship throughout the world. This sale is consistent with our U.S. strategy to focus more closely on growth initiatives in our other businesses, most notably, our U.S. trading operation headquartered in New Jersey and our steel production facilities at Duferco Farrell, located in Farrell, PA."

On June 3, 2002, Macsteel Service Centers USA announced that it had acquired certain assets of the Jersey City, NJ Division of Baldwin Steel Company. These assets and the customer base were previously combined into Edgcomb Metals Company.

Macsteel Service Centers USA is one of the leading companies in the North American metals service center industry. Through its operating entities, Edgcomb Metals Company, Ferro Union Inc., California Steel & Tube and newly acquired Baldwin Steel, it operates 30 service centers, plants and offices, servicing the majority of the U.S. market., Puerto Rico and Mexico. The company processes and distributes a full range of carbon steel, general line, stainless and aluminum flat rolled and specialty products to customers throughout North America. These products include the manufacture of mechanical tube and rolled-formed products; value added plate processing and prepainted metals.

Macsteel Service Centers USA is owned by the global steel company, Macsteel Holdings.

Macsteel Service Centers USA Acquires Certain Assets of
the Jersey City, NJ Division of Baldwin Steel Company

CHICAGO, IL, June 3, 2002 -Macsteel Service Centers USA Inc., through its wholly owned subsidiary Edgcomb Metals Company, announced today that it has acquired certain assets of the Jersey City, New Jersey Division of Baldwin Steel Company. The assets will be incorporated into the Company's Eastern Region.

Baldwin Steel Company, headquartered in Laurence Harbor, NJ is a subsidiary of Duferco Steel Inc. Baldwin Steel Company has four other steel service center plants throughout the U.S. that will not be affected by this transaction. The Jersey City Division has been in business for over 40 years and has been a leading distributor and processor of flat rolled steel servicing the Northeast U.S. markets.

The Baldwin Steel Jersey City assets and customer base will be combined with Macsteel USA's wholly owned subsidiary Edgcomb Metals' state-of-the-art facilities in Philadelphia, PA; Nashua, New Hampshire; York, PA and Charlottesville, VA. Edgcomb has operated in the New England region of the U.S. for 50 years and in the Philadelphia area for over 75 years, and is managed by John Prouty, the Eastern Region's President.
"We are pleased with this acquisition as it supports our continued growth in the Northeastern U.S. The Baldwin Jersey City Division's product line and customer base is complimentary to Edgcomb's existing operations and we are confident that the combination of our facilities will provide excellent service to meet the current and future needs of its customers," said Michael Hoffman, CEO and President of Macsteel Service Centers USA.



Macsteel Service Centers USA is one of the leading metals processors and distributors in North America. Through its operating entities, Edgcomb Metals Company, Ferro Union and California Steel & Tube, it operates 28 service centers, plants and offices, servicing the majority of the U.S. market. The company processes and distributes a full complement of carbon steel, general line and specialty products as well as a comprehensive range of stainless steel and aluminum flat rolled to customers throughout North America.

Macsteel Service Centers USA is owned by the global steel company Macsteel Holdings.

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