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Press Release - April 15, 2008

Pricing Announcement

Dear Valued Customers,

We want to provide our representatives, customers and distributors with an update on the current steel market conditions and notify you of changes in pricing. Our February 5th pricing announcement described a very unstable steel market and also rising costs in other facets of our business. The steel situation has not stabilized and it appears this volatility will continue. We continue to receive additional steel increases that have resulted in an increase of over 65% since the first of the year. This brings the current cost of hot rolled steel to $1000 per ton. Fuel, energy costs and aluminum ingot also continue to increase.

With projections for further increases, we will honor terms of our quotations but regretfully can no longer hold prices firm on outdated quotations or orders that were placed on a “hold for release” basis where the firm price period has expired. When released, these orders will be requoted at current prices. The recent cost increases will result in an additional general increase of approximately 10% - 15% depending on the product and specific size over and above the February price increase.

The current situation remains very unpredictable and we will continue to provide you with updates as conditions change. We very much appreciate your understanding and continued support as we deal with this volatile market.

Sincerely,

Ronald J. Martino
Vice President, Sales