An anonymous director reports

RUSSEL METALS ANNOUNCES 2023 ANNUAL MEETING VOTING RESULTS

Russel Metals Inc. has released voting results from its 2023 annual meeting of shareholders held on May 9, 2023. A total of 32,058,428 common shares were represented at the meeting in person or by proxy, representing 51.35 per cent of the 62,428,342 issued and outstanding common shares as of the record date on March 17, 2023.

Shareholders voted in favour of the election of each nominee director as shown in an attached table.

The company's advisory say-on-pay resolution was also approved with 87.46 per cent of the votes cast in favour of the resolution. In addition, the resolution appointing Deloitte LLP as auditor of the company was approved.

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 centres, energy products and steel distributors. Its network of metals service centres 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 products operations 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 centres and large equipment manufacturers mainly on an as-is basis.