Schnitzer Board Declares Quarterly Dividend

  Schnitzer Board Declares Quarterly Dividend

Business Wire

PORTLAND, Ore. -- April 30, 2014

The Board of Directors of Schnitzer Steel Industries, Inc. (Nasdaq: SCHN)
declared a cash dividend of $0.1875 per common share, payable on May 27, 2014,
to shareholders of record on May 12, 2014. 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
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 self-service
facilities located in 16 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 108^th year of
operations in 2014.

Contact:

Schnitzer Steel Industries, Inc.
Investor Relations:
Alexandra Deignan, 646-278-9711
or
Press Relations:
Tom Zelenka, 503-323-2821
ir@schn.com
www.schnitzersteel.com
 
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