SANDMEYER STEEL COMPANY APPOINTS NEW DISTRICT SALES MANAGER IN MIDATLANTIC EAST TERRITORY

Philadelphia, PA - MAY 2, 2002 --

Sandmeyer Steel Company has announced the appointment of Shawn F. Fenerty to the position
of District Sales Manager - Midatlantic East.

Fenerty, age 44, has been with Sandmeyer Steel Company since 1976 in a number of inside and outside sales positions. He most recently served as the Company's Western District Sales Manager. Fenerty will be based in the Philadelphia area and will be responsible for servicing the Company's customers in New Jersey, Delaware, Virginia, Eastern Pennsylvania and Southeastern New York.

Sandmeyer Steel Company, founded by the late Paul C. Sandmeyer, celebrates its 50th anniversary this year. Family owned and managed, the Company is recognized as a leading producer of stainless steel plate and nickel alloy plate products used in processing equipment for the chemical, wastewater treatment, pulp and paper, energy, food and beverage, and high vacuum industries. The Company employs 135 employees and services customers throughout North America.

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