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Reliance Steel & Aluminum Co. declares 1996 fourth quarter dividend payment.

LOS ANGELES--(BUSINESS WIRE)--Nov. 25, 1996--Reliance Steel & Aluminum Co. (NYSE:RS) Monday announced that its board of directors has declared its fourth quarterly cash dividend for 1996.

The dividend of 3 cents per share of common stock is payable on Jan. 10, 1997 to shareholders of record Dec. 20, 1996.

"We are pleased to continue our long-standing tradition of distributing dividends to our shareholders," said David H. Hannah, president.

Reliance Steel & Aluminum Co., with headquarters in Los Angeles, is one of the largest metals service center companies in the United States.

Through a network of 34 metals service centers in 13 states and Canada, including Siskin Steel & Supply Company, Inc., CCC Steel Inc. and Reliance's 50%-owned and operationally controlled company, American Steel L.L.C., the company provides value-added metals processing services and distributes a full line of over 20,000 metal products.

These products include galvanized, hot-rolled and cold-finished steel; stainless steel; aluminum; brass; copper and alloy steel to more than 30,000 customers in various industries. Valex Corp., a wholly owned subsidiary, is a leading domestic manufacturer and international distributor of electropolished stainless steel tubing and fittings for use in the construction and maintenance of semiconductor manufacturing plants.

CONTACT: Reliance Steel & Aluminum Co., Los Angeles

David H. Hannah, 213/582-2272


Hill and Knowlton Inc.

Kim P. Feazle, 213/966-5721
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Publication:Business Wire
Date:Nov 25, 1996
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