JANUARY 2011
                                        

Schnitzer’s Pick-n-Pull actively expanding

Schnitzer Steel Industries, Inc. announced three transactions related to its auto parts business. The three transactions included the acquisition of substantially all of the assets of Waco U-Pull-It, Inc.; a facility in Stockton, California that will be developed into a specialty self-service facility; and a property adjacent to one of its facilities in Oregon which will enable expansion of the existing operation.

Said Tamara Lundgren, CEO of Schnitzer Steel Industries, “We are expanding our network of retail Pick-n-Pull stores and continuing to expand in the high growth Texas market.”

Waco U-Pull-It has been providing self-service used auto parts for two years at its current location.