MSA/RMDAS[TM] monthly ferrous scrap price index.

RMDAS PRICING EDGES DOWN

Buyers of shredded scrap paid $7 per ton less on average In November, while prompt industrial No. 1 busheling and bundles drifted down another $18 per ton after falling by $33 In October. The smallest decline occurred In the No. 1 heavy melting scrap (HMS) category, with average purchases dropping Just $4 per ton.

Reported regional aggregated spot market prices per gross ton shown for each commodity are based on all Management Science Associates' (MSA) Raw Material Data Aggregation Service (RMDAS) participants' actual order data submitted to and processed by MSA as of the 20th of each respective "buy month," rounded to the whole integer. A map of RMDAS regions is available at http://rmdas.msa. com, as is a further explanation of RMDAS methodology and an accompanying disclaimer.

No. 2 Shredded Scrap is defined as containing .17 percent or greater copper content. The Prompt Industrial Composite consists of an average of No. 1 bundles and No. 1 busheling. Additional pricing information on each grade can be found at www.RecyclingToday.com.

[c] 2006 Management Science Associates Inc. All rights reserved RMDAS is a trademark of Management Science Associates Inc.

November 2006 RMDAS Ferrous Price Index

                               TOTAL U.S.     NORTH CENTRAL/EAST

Prompt Industrial Composite       $231               $233
#1 HMS                            $204               $210
#2 Shredded Scrap                 $226               $228
#2 Shredded/Change
  vs. Month Before                 -$7               -$6

                              NORTH MIDWEST         SOUTH

Prompt Industrial Composite       $217               $221
#1 HMS                            $197               $199
#2 Shredded Scrap                 $213               $225
#2 Shredded/Change
  vs. Month Before                -$17               -$8