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Russel Metals Applies for Termination of Reporting Obligations

Russel Metals Inc. announced that it intends to terminate its reporting obligations under section 15(d) of the Securities Exchange Act of 1934 with respect to its 6.375% Senior Notes due March 1, 2014.

The Securities and Exchange Commission (SEC) now permits a foreign private issuer to terminate its reporting obligations under Section 15(d) of the Exchange Act with respect to a class of securities. The allowance is pursuant to the newly-adopted Rule 12h-6 under the Exchange Act.
 
Russel Metals filed a Form 15F with the SEC on Monday to terminate its reporting obligations with respect to its 6.375% Senior Notes. The termination will become effective 90 days after the filing, unless the Form 15F is withdrawn prior to that time by the company or denied by the SEC.

Russel Metals, one of the largest metals distribution companies in North America, conducts business in three distribution segments: metals service centers, energy tubular products and steel distributors. The company operates 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, Leroux Steel, McCabe Steel, Megantic Metal, Metaux Russel, Milspec Industries, Pioneer Pipe, Russel Metals Williams Bahcall, Spartan Steel Products, Sunbelt Group, Triumph Tubular & Supply, Wirth Steel, and York-Ennis.