Steel Technologies Inc. expects its results for the second fiscal quarter to reflect continued significant increases in sales throughout its operations.

For the three months ended March 31, 2005, the company expects to report sales of approximately $280 million. Tons shipped for the second quarter are expected to total approximately 320,000 tons. As a result, the company expects to report record earnings of approximately $1.08 per diluted share for the second quarter.

Results will include an income tax benefit of approximately $0.06 per diluted share, reflecting changes in tax laws effective January 1, 2005, for the company's Mexican operations.

Steel Technologies processes flat-rolled steel to specific thickness, width, temper, finish and shape requirements for a wide range of applications. The company has 20 facilities, including its joint-venture operations, located throughout the United States and Mexico.