Russel Metals Declares Dividend For Class II Preferred Shares, Series C

    TORONTO--July 26, 2001--Russel Metals Inc. announced today that it has declared a dividend in the amount of Cdn 46.875 cents per share on its Class II Preferred Shares, Series C, payable on September 15, 2001 to shareholders of record at the close of business on August 7, 2001.

    Russel Metals is one of the largest metals distribution companies in North America. It carries on business in three metals distribution segments: service center distribution, energy sector distribution and steel import/export, under various names including Russel Metals, B&T Steel, Bahcall Group, Baldwin International, Comco Pipe and Supply, Drummond McCall, Fedmet Tubulars, Metaux Russel, Pioneer Pipe, Sunbelt Group, Triumph Tubular & Supply and Wirth Steel.