Russel Metals Inc. (TSX: RUS) announces that it has closed its previously announced offering of $300 million aggregate principal amount of 4.423% senior unsecured notes due 2030. The net proceeds from the Offering will be used for general corporate purposes. The Notes have been assigned a final rating of BBB (low), with a stable trend, by DBRS Limited.

About Russel Metals Inc.

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing.  It carries on business in three segments: metals service centers, energy field stores and steel distributors.  Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.  Its energy field stores carry a specialized product line focused on the needs of energy industry customers.  Its steel distributors operations act as master distributors selling steel in large volumes to other steel service centers and large equipment manufacturers mainly on an “as is” basis.