Schnitzer Steel Industries, Inc. Fourth Quarter 2005 Earnings Conference Call

PORTLAND, Ore.--Sept. 27, 2005--Schnitzer Steel Industries, Inc. , in conjunction with its fourth quarter earnings release to be made before the market opens on October 6, 2005, invites you to listen to its conference call that will be broadcast over the Internet Thursday, October 6, 2005 at 11:30 a.m. Eastern Time with John D. Carter, President and Chief Executive Officer, Ken Novack, Chairman of the Board, Gregory J. Witherspoon, Interim Chief Financial Officer, and Kelly E. Lang, Vice President.

The call is being webcast by Thomson Financial and can be accessed on the events calendar page located in the investor relations section of Schnitzer Steel's web site at www.schnitzersteel.com.

Schnitzer Steel Industries, Inc. is one of the nation's largest recyclers of ferrous metals, a leading self-service used auto parts retailer with 30 locations in the U.S. and Canada, and manufacturer of finished steel products. The Company, with its joint venture partners, processes approximately 5.2 million tons of recycled ferrous metals per year as well as brokers nearly 3.0 million tons through various brokerage arrangements. In addition, the Company's steel mill has an annual production capacity of approximately 700,000 tons of finished steel products. The Company and its joint venture partners operate primarily along the West Coast and Northeastern seaboard of the United States.