Schnitzer Board Declares Quarterly Dividend

  Schnitzer Board Declares Quarterly Dividend

Business Wire

PORTLAND, Ore. -- August 2, 2013

The Board of Directors of Schnitzer Steel Industries, Inc. (Nasdaq:SCHN)
declared a cash dividend of $0.1875 per common share, payable on August 26,
2013, to shareholders of record on August 12, 2013. Schnitzer has paid a
dividend every quarter since going public in November 1993.

About Schnitzer Steel Industries, Inc.

Schnitzer Steel Industries, Inc. is one of the largest manufacturers and
exporters of recycled ferrous metal products in the United States with 59
operating facilities located in 14 states, Puerto Rico and Western Canada. The
business has seven deep water export facilities located on both the East and
West Coasts and in Hawaii and Puerto Rico. The Company's integrated operating
platform also includes its auto parts and steel manufacturing businesses. The
Company's auto parts business sells used auto parts through its 62
self-service facilities located in 17 states and Western Canada. With an
effective annual production capacity of approximately 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 107^th year of operations in 2013.

Contact:

Schnitzer Steel Industries, Inc.
Investor Relations Contact: Alexandra Deignan, 646-278-9711
Press Relations Contact: Chip Terhune, 503-804-6966
www.schnitzersteel.com
ir@schn.com
 
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