Schnitzer Steel Industries, Inc. First Quarter 2006 Earnings Conference Call

PORTLAND, Ore.--Dec. 2, 20052, 2005--Schnitzer Steel Industries, Inc. , in conjunction with its first quarter earnings release to be made before the market opens on January 9, 2006, invites you to listen to its conference call that will be broadcast over the Internet Monday, January 9, 2006 at 11:30 a.m. Eastern Time with John D. Carter, President and Chief Executive Officer, and Gregory J. Witherspoon, Interim Chief Financial Officer.

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.

A vertically integrated business, Schnitzer Steel Industries, Inc. is one of the nation's largest recyclers of ferrous metals with a significant presence on the U.S. West Coast, the Northeastern seaboard and the Southeast as well as a trading business that sources scrap and sells recycled metals products in foreign markets. The Company also owns and operates approximately 50 used auto parts locations that participate in the self-service and full-service used auto parts business across the U.S. and in western Canada and is a manufacturer of finished steel with a production capacity of approximately 700,000 tons of finished steel annually. For more information about Schnitzer Steel Industries, Inc., visit www.schnitzersteel.com.