Exhibit 99.1

                  Reliance Steel & Aluminum Co. Signs
        Agreement to Acquire Flat Rock Metal Processing L.L.C.

    LOS ANGELES--(BUSINESS WIRE)--Feb. 28, 2006--Reliance Steel &
Aluminum Co. (NYSE:RS) announced today that its subsidiary, Precision
Strip, Inc., has signed an agreement to acquire certain assets and
business of Flat Rock Metal Processing L.L.C. based in Flat Rock,
Michigan. Terms were not disclosed. The transaction is expected to be
completed within 60 days, subject to the completion of due diligence.
Flat Rock was founded in 2001 and is a privately held, toll processing
company with facilities in Perrysburg, Ohio and Eldridge, Iowa.
    Upon completion of the acquisition, the two Flat Rock facilities
will operate as Precision Strip locations that process and deliver
carbon steel, aluminum and stainless steel products on a "toll" basis,
processing the metal for a fee, without taking ownership of the metal.
Precision Strip currently has facilities in Kenton, Middletown,
Minster and Tipp City, Ohio; Anderson and Rockport, Indiana; Bowling
Green, Kentucky and Talladega, Alabama. Precision Strip's customers
include steel and aluminum mills as well as companies in the
automotive, appliance, metal furniture and capital goods industries.
    Thomas A. Compton, President of Precision Strip, Inc., said, "This
acquisition will expand our toll processing capabilities and
strengthen our geographic presence in the Midwest. Additionally, it
allows us to better serve and grow our existing customer base."
    Reliance Steel & Aluminum Co., headquartered in Los Angeles,
California, is one of the largest metals service center companies in
the United States. Through a network of more than 100 locations in 32
states and Belgium and South Korea, the Company provides value-added
metals processing services and distributes a full line of over 90,000
metal products. These products include galvanized, hot-rolled and
cold-finished steel; stainless steel; aluminum; brass; copper;
titanium and alloy steel sold to more than 95,000 customers in various
industries.
    Reliance and Earle M. Jorgensen Company filed an SEC Form S-4
Registration Statement and a preliminary proxy statement/prospectus on
February 7, 2006, as amended. Investors and security holders are urged
to read the proxy statement/prospectus that will be sent to Jorgensen
stockholders regarding the proposed merger, when it becomes available,
because it will contain important information. Investors and security
holders may obtain a free copy of the proxy statement/prospectus, when
it is available, and other documents filed by Reliance and Jorgensen
with the Securities and Exchange Commission at the Commission's web
site at www.sec.gov. The proxy statement/prospectus and these other
documents may also be obtained, when available, free of charge from
Reliance at www.rsac.com. Jorgensen stockholders should read the
definitive proxy statement/prospectus carefully before making a
decision concerning the merger.
    Reliance and Jorgensen, and their respective directors, executive
officers and certain other of their employees, may be soliciting
proxies from Jorgensen's stockholders in favor of the approval of the
merger. Information regarding the persons who may, under SEC rules, be
deemed to be participants in the solicitation of Jorgensen's
stockholders in connection with the merger is set forth in Reliance's
proxy statement for its 2005 annual meeting, filed with the SEC on
April 15, 2005 and in Jorgensen's proxy statement for its 2005 annual
meeting, filed with the SEC on July 21, 2005, and additional
information will be set forth in the definitive proxy
statement/prospectus referred to above when it is filed with the SEC.
    Reliance Steel & Aluminum Co.'s press releases and additional
information are available on the Company's web site at www.rsac.com.
The Company was named to the 2006 Forbes Platinum 400 List of
America's Best Big Companies and was also named as one of "America's
Most Admired Companies" listed in the diversified wholesaler's
category in the March 7, 2005 issue of Fortune.
    This release may contain forward-looking statements relating to
future financial results. Actual results may differ materially as a
result of factors over which Reliance Steel & Aluminum Co. has no
control. These risk factors and additional information are included in
the Company's reports on file with the Securities and Exchange
Commission.



    CONTACT: Reliance Steel & Aluminum Co.
             Kim P. Feazle
             Investor Relations
             713-610-9937
             213-576-2428
             kfeazle@rsac.com
             investor@rsac.com