Tube City IMS Announces Promotions

PITTSBURGH, July 21, 2010 - Tube City IMS Corporation, a provider of products and services to steel
mills and foundries globally, announced today the promotion of three
executives.

Joseph Jung has been promoted to Vice President - European Operations. He
will be responsible for the Company's mill services operations in Europe and
will be based in France. Prior to his promotion, Mr. Jung had been Vice
President - Scarfing/Metal Recovery at the Company's operation in Middletown,
Ohio. Mr. Jung joined the Company in 1987 and has held various positions of
increasing responsibility in the Operations department. He will continue his
responsibility for the Company's global surface conditioning operations.

Pascal Martin has been promoted to General Manager and will be
responsible for the Company's U.S.-based surface conditioning operations. He
returns to the United States after nearly three years at the Company's site
in Kosice, Slovakia, directing the successful startup of the surface
conditioning operation. Mr. Martin joined the Company in 1987 and has held
various positions of increasing responsibility in the Operations department
at the Company's operations in Ohio, Indiana, Pennsylvania and Michigan. He
will be based at the Company's office in Chicago.

Jean-Claude DeMay has been promoted to Site Manager of the Company's
surface conditioning operation in Kosice, replacing Mr. Martin. Prior to his
promotion, Mr. DeMay was Superintendent of Scarfing and Metal Recovery at the
Company's operation in Claymont, Delaware. Mr. DeMay joined the Company in
1987 and is relocating to Kosice.

The Company also announced that Andy Torn has joined the Company's
subsidiary, Tube City IMS UK, based on Scunthorpe, England, as Operations and
Commercial Manager. Prior to joining the Company, he worked at Corus, a Tata
Steel Group company, in the UK.

"I am delighted to announce the promotions of Joseph, Pascal and
Jean-Claude and to welcome Andy to the team," said William Miller, Executive
Vice President — Operations, Tube City IMS. "All are dedicated, hard working
professionals with extensive experience and insight. We look forward to their
continued contributions to the Company."

About Tube City IMS

Tube City IMS, is the largest provider of outsourced industrial services
to steel mills in North America and has a substantial and growing
international presence. The Company provides services at 74 customer sites in
nine countries and operates a global raw materials procurement network. More
information about Tube City IMS is available at the Company's website,
www.tubecityims.com.

Certain information in this news release contains forward-looking
statements with respect to our financial condition, results of operations or
business or our expectations or beliefs concerning future events. Such
forward-looking statements include the discussions of Tube City IMS
Corporation's business strategies, estimates of future global steel
production and other market metrics and our expectations concerning future
operations, margins, profitability, liquidity and capital resources. Although
Tube City IMS believes that such forward-looking statements are reasonable,
we cannot assure you that any forward-looking statements will prove to be
correct. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance or achievements to be materially different. Additional
information relating to factors that may cause actual results to differ from
our forward-looking statements can be found in our Quarterly Report and our
Registration Statement on Form S-1. Tube City IMS undertakes no obligation to
update or revise forward-looking statements after the day of the release as a
result of new information, future events or developments except as required
by law.

Jim Leonard, Tube City IMS, +1-412-267-5226