Steel Technologies Inc. expects its results for the third fiscal quarter to reflect continued substantial increases in volume through its operations.

For the three months ending June 30, 2004, the company expects sales to increase to approximately $225 million and tons shipped to increase over 40% compared with the third quarter last year. Net income for the quarter is expected to be in the range of $0.75 to $0.78 per diluted share.

---

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