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Press release from Marketwire

Russel Metals Declares Common Share Dividend

Tuesday, November 02, 2010

Russel Metals Declares Common Share Dividend16:08 EDT Tuesday, November 02, 2010TORONTO, ONTARIO--(Marketwire - Nov. 2, 2010) - Russel Metals Inc. (TSX:RUS) announced today that it has declared a dividend in the amount of Cdn$0.25 per share on its common shares, payable on December 15, 2010 to shareholders of record at the close of business on November 23, 2010.Russel Metals is one of the largest metals distribution companies in North America. It carries on business in three metals distribution segments: metals service centers, energy tubular products and steel distributors, under various names including Russel Metals, A.J. Forsyth, Acier Leroux, Acier Loubier, Acier Richler, Arrow Steel Processors, B&T Steel, Baldwin International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel Metals, Leroux Steel, McCabe Steel, Mégantic Métal, Métaux Russel, Métaux Russel Produits Spécialisés, Milspec, Norton Metals, Pioneer Pipe, Russel Metals Specialty Products, Russel Metals Williams Bahcall, Spartan Steel Products, Sunbelt Group, Triumph Tubular & Supply, Wirth Steel and York-Ennis.FOR FURTHER INFORMATION PLEASE CONTACT: Sherri MooserRussel Metals Inc.Assistant Secretary(905) 819-7419info@russelmetals.comwww.russelmetals.com