For Immediate Release

HEIDTMAN STEEL AND THE MATERIAL WORKS, LTD. ENTER JOINT VENTURE
TO BUILD FIRST COIL-TO-COIL SCS PRODUCTION LINE

July 30, 2004, Toledo, Ohio – Heidtman Steel Products, Inc., the nation’s largest privately - held flat-rolled service center network, announces a joint venture with The Material Works, Ltd. (TMW) to build the first coil-to-coil configured (SCS®) Production Line.

The collaborative efforts between Heidtman and TMW will take advantage of SCS and its superior product quality and process innovations. Today they are proud to announce a new line that employs coil -to-coil SCS processing that will feature the typical SCS “napkin clean” oil-free surface produced in an environmentally friendly operation and at a very low operating cost. This SCS Coil Line will initially reach speeds of 150 fpm and is projected for an April 2005 installation. Heidtman and TMW have selected Red Bud Industries as the manufacturer of this equipment.

SCS® is a registered trademark of The Material Works, Ltd.

About Heidtman Steel
Founded in 1954, Heidtman is celebrating 50 years in the steel industry. Headquartered in Toledo, Ohio, Heidtman Steel is a world leader in marketing flat-rolled carbon steel products sold through its 11 state-of-the-art processing facilities. Noted for their expertise in high strength steels, Heidtman processes nearly five million tons of steel annually through its Heidtman facilities or through joint ventures. Its products are distributed to industries including automotive, truck and bus, construction, pipe and tube, metal building, appliances, and furniture. For more information on Heidtman Steel, log on to www.heidtman.com.

About TMW
Since its inception in 1992, TMW has offered toll processing that adds value to material through stretcher leveling, slitting, multicut blanking, and SCSing. To learn more about TMW and the world’s most advanced processing lines visit www.thematwks.com. To learn more about TMW’s patented process, SCS, log on to www.scsprocess.com or call 618-282-4200.

Kevin Voges
President
The Material Works, Ltd.
(618) 282-4200
KevinV@thematwks.com

Contact:

Mike Kruse
Vice President,
Marketing & Sales Administration
Heidtman Steel Products, Inc
(734) 848-3333