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Press release from Marketwire

Russel Metals Announces a 10% Increase In Common Share Dividend

Thursday, February 17, 2011

Russel Metals Announces a 10% Increase In Common Share Dividend17:03 EST Thursday, February 17, 2011TORONTO, ONTARIO--(Marketwire - Feb. 17, 2011) - Russel Metals Inc. (TSX:RUS) announced today that it has declared a dividend in the amount of Cdn$0.275 per share on its common shares, an increase of 10% over the prior rate. The dividend is payable on March 15, 2011 to shareholders of record at the close of business on February 28, 2011.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