Steel Technologies Declares Semi-Annual Dividend of $0.15 Per Share

Steel Technologies Inc. (NASDAQ: STTX) today announced that its Board of Directors has declared a semi-annual cash dividend of $0.15 per share. The dividend is payable on May 22, 2007, to shareholders of record as of May 7, 2007.

Steel Technologies processes flat-rolled steel to specific thickness, width, temper, finish and shape requirements for automotive, appliance, lawn and garden, office furniture, agriculture, construction, hardware, and consumer goods. The Company now has 25 facilities, including its joint venture operations, located throughout the United States, Mexico and Canada. More information about the Company may be found on the World Wide Web at www.steeltechnologies.com.