S.E.T. Steel, Inc. Secures Financing

    DETROIT, July 10 S.E.T. Steel, Inc. (SET) today announced
the completion of a $34.5 Million financing package with Comerica Bank and
Noble International, Ltd. (NOBLE) .  SET will use the proceeds
to repay debt to Noble in connection with its purchase earlier this year of
Noble Metal Processing - Midwest, Inc. and Noble Metal Forming, Inc. and to
fund working capital requirements for the expansion of the company.
    SET is a Certified Minority Business Enterprise to the automotive
industry.  SET, as a Tier I and Tier II supplier, provides high quality metal
stamped parts and assemblies, blanking, slitting and cut to length processing
of flat rolled coil and sheet steel.
    Noble International, Ltd. is a leading supplier of automotive parts,
component assemblies and value-added services to the automotive industry and a
leading supplier of dedicated regional logistic services.  As an automotive
supplier, Noble provides design, engineering, manufacturing, complete program
management and other services to the automotive market.  Noble delivers
integrated component solutions, technological leadership and product
innovation to original equipment manufacturers (OEMs) and Tier I automotive
parts suppliers, thereby helping its customers increase their productivity
while controlling costs.
    Certain statements in this news release may be forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Statements regarding future prospects and developments are based upon current
expectations and involve certain risks and uncertainties that could cause
actual results and developments to differ materially from the forward-looking
statements, including those detailed in the company's filings with the
Securities and Exchange Commission.