Tube City IMS UK Operation Receives Outstanding Achievement in Safety Award

PITTSBURGH, March 24, 2011 - Tube City IMS Corporation, a leading provider of products and services to
steel mills and foundries globally, today announced that its Tube City IMS UK
operation, based in Scunthorpe, England, has received the prestigious
"Outstanding Achievement in Safety Award" from the North Lincolnshire Health
& Safety Group.

The award, which recognizes companies that excel in safety performance,
was presented by the group at its annual awards ceremony in Scunthorpe. More
than 160 people, including Lincolnshire's manufacturing industries, local
dignitaries and officials of the United Kingdom safety group attended the
gala. A total of 19 companies were recognized for exceeding health and safety
targets, with Tube City IMS UK taking home the special award. Tube City IMS
UK has won the "Safety Achievement Award" every year since 2005, but this is
the first time it has received the "Outstanding Achievement in Safety Award."

Marco Gravina, General Manager, Tube City IMS UK, and Don Jowett,
Environmental, Safety and Quality Manager, Tube City IMS UK, were presented
with a solid silver trophy to display for the next 12 months, along with a
permanent glass trophy.

"It was an honor to receive this award in the presence of our local
elected officials and so many professionals. It truly recognizes the hard
work of the whole group, and it reflects the commitment of every employee to
the Company's safety program," Mr. Jowett said.

Mr. Gravina also thanked the panel and the employees for the award. "We
are honored that Tube City IMS UK has received such an important and
distinguished award that demonstrates our constant commitment to safety," he
said.

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 73 customer sites in
nine countries and operates a global raw materials procurement network with
offices in 15 countries. 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 of Tube City IMS, +1-412-267-5226