Steel Technologies Inc. announced that it has been added to the Russell 2000 Index^(R) as part of the annual reconstitution of that index.

"We are very pleased that Steel Technologies is now part of the Russell 2000 and Russell 3000 indices," said Bradford T. Ray, Chairman and CEO. "We believe inclusion in these indices will increase our visibility with investors and institutions that rely on the Russell indices as part of their investment strategy, providing us with the opportunity to expand our shareholder base. This milestone provides additional momentum as we continue to execute our long-term strategy."

Produced by the Frank Russell Co., The Russell 2000 index is a subset of the Russell 3000, which measures the performance of the 3,000 largest U.S.-based companies ranked by market capitalization. The Russell 2000 is an index of the 2,000 smallest companies on the Russell 3000 list, offering investors access to the small-cap segment of the U.S. equity universe.

Annual reconstruction of the Russell indices began at the end of May and became effective on June 25. The Frank Russell Co. has now published the final listing of companies making up its newly reconstituted membership lists for the Russell 2000, Russell 1000 and Russell 3000. For a full listing of companies to be added to the Russell 2000 Index for the next 12 months, visit the Russell website.

Steel Technologies processes flat-rolled steel to specific thickness, width, temper, finish and shape requirements for applications including automotive, appliance, lawn and garden, office furniture, agriculture, railcar, construction, hardware, and consumer goods. The company has 21 facilities, including joint-venture operations, located throughout the United States and Mexico.