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Continental Steel & Tube Company Named Authorized Vendor to Ferrari S.P.A. for Titanium Products

Press release date: July 17, 2009

PREMIER AUTO MAKER CHOOSES CONTINENTAL STEEL & TUBE CO FOR TITANIUM SUPPLY

Fort Lauderdale - July 17, 2009 - Don Ascione, President and Chief Executive Officer of Continental Steel & Tube Company (CS&T) announced today that CS&T has been approved as an authorized vendor of Titanium Products to Ferrari's Formula One Race Car Group. This announcement follows an exhaustive qualification process and a presentation visit to Ferrari's Modena, Italy plant by CS&T's Product Manager for Titanium Products, Ms. Andrea Carolina Perez. During her visit, Perez presented CS&T's unique qualifications as a Titanium supplier to Ferrari's senior management and received Ferrari's stamp of approval for Titanium Products.

Ascione acknowledged his pride in the recent growth spurt achieved by Continental's Titanium Department and articulated his satisfaction with CS&T's substantial Titanium sales penetration into the aerospace, commercial, industrial and medical industries. CS&T stocks and sells a wide array of Titanium products including Bars, Sheets, Plates, Pipe, Tubing, Wire and Forgings. Through the "Catalogue Navigator" located at CS&T's interactive website, Titanium buyers from all over the world can obtain quotations and study detailed technical information about each of the 14 Titanium grades offered by CS&T.

Ferrari S.p.A., the world famous Italian sports car manufacturer, was founded by Enzo Ferrari in 1928. Throughout its history, the company has been noted for its continued participation in auto racing - especially in Formula One - where it has enjoyed great notoriety and consistent success. Continental fully expects Ferrari's success and CS&T's supply agreement to continue for many years to come.

For more information about the products and services offered by Continental Steel & Tube Company's Titanium Department, please contact:

Ms. Andrea Carolina Perez, Product Manager for Titanium Products
Phone: (954) 332-2290
Toll Free: (800) 487-8335
Fax: (954) 332-2296
E-mail: carolina@continentalsteel.com
URL: www.continentalsteel.com