8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
October 7, 2005

RELIANCE STEEL & ALUMINUM CO.

(Exact name of registrant as specified in its charter)

California	001-13122	95-1142616
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

350 S. Grand Ave., Suite 5100
Los Angeles, CA 90071
(Address of principal executive offices)

(213) 687-7700
(Registrant’s telephone number, including area code)

Not applicable.
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

     On October 7, 2005, Reliance Steel & Aluminum Co. (“Reliance”) and its wholly-owned subsidiary RSAC Management Corp. (“RSAC”), both California corporations, entered into a Share Subscription and Shareholders’ Agreement with New Wave Technologies, Ltd., a corporation organized under the laws of Singapore (“New Wave”), and its associate, Manufacturing Network Pte. Ltd., a corporation organized under the laws of Singapore (“MNPL”), with the intent and purpose to form a joint venture to operate as a corporation under the name Reliance Pan Pacific Pte. Ltd. (“RPP”). RPP is to be organized under the laws of Singapore and is to be owned 70% by RSAC and 30% by MNPL. MNPL owns all of the registered capital of Everest Metals (Suzhou) Co., Ltd., a corporation organized under the laws of the People’s Republic of China (“Everest Metals”), which is a metals service center company operating near Shanghai in the People’s Republic of China. If the requisite approvals are obtained (both from the New Wave shareholders and from the applicable governmental authorities), and Reliance successfully completes its due diligence, it is expected that RPP will acquire all of the registered capital of Everest Metals from MNPL. Everest Metals’ 2004 revenues were approximately $2.5 million. The purchase price and other terms and conditions of the proposed acquisition were determined by negotiations between the parties. Neither New Wave nor MNPL nor any of their respective officers or directors is affiliated with Reliance.

Item 9.01 Financial Statements and Exhibits.

(a)	Financial Statements of Businesses Acquired.
	N/A
(b)	Pro Forma Financial Information.
	N/A
(c)	Exhibits.

Exhibit No.	Description
99.1	Press Release dated October 10, 2005.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	RELIANCE STEEL & ALUMINUM CO.
Dated: October 10, 2005	By:	/s/ Karla Lewis
		Karla Lewis
		Executive Vice President and Chief Financial Officer

RELIANCE STEEL & ALUMINUM CO.

FORM 8-K

INDEX TO EXHIBITS

Exhibit No.	Description
99.1	Press Release dated October 10, 2005.

EX-99.1

Exhibit 99.1

350 SOUTH GRAND AVENUE, SUITE 5100 LOS ANGELES, CALIFORNIA 90071
 
PHONE: 213 687-7700     WWW.RSAC.COM     FAX: 213 687-8792
 

NEWS RELEASE

FOR IMMEDIATE RELEASE

CONTACT: Kim P. Feazle
Investor Relations
(713) 610-9937
(213) 576-2428
kfeazle@rsac.com
investor@rsac.com

RELIANCE STEEL & ALUMINUM CO.
SIGNS AGREEMENT TO ENTER THE CHINESE MARKET

     Los Angeles, CA — October 10, 2005 — Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it has reached an agreement with New Wave Technologies Ltd. (“New Wave”), a Singapore public company, and its associate, Manufacturing Network Pte. Ltd. (“MNPL”), based in Singapore, to form a joint venture company, Reliance Pan Pacific, Pte. Ltd. Reliance Pan Pacific will be 70% owned by Reliance Steel & Aluminum Co. and 30% owned by MNPL. Upon completion of the transaction, it is expected that, subject to regulatory approvals, MNPL will sell its 100% interest in Everest Metals (Suzhou) Co., Ltd., a Chinese metals service center company, to Reliance Pan Pacific.

     Everest Metals was formed in 2001 and began processing and distributing primarily aluminum products to the electronics industry in 2002. Everest’s 2004 revenues were approximately $2.5 million. The transaction is expected to be finalized in early 2006, subject to the successful completion of due diligence and regulatory approvals, including the approvals of the People’s Republic of China and the shareholders of New Wave.

     Reliance’s Chief Executive Officer, David H. Hannah, said, “We are very excited about this opportunity that allows us to service our semiconductor and electronics customers that operate in China, and positions us well for future growth with an established company in a fast-growing market.”

(more)

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     Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is one of the largest metals service center companies in the United States. Through a network of more than 100 locations in 31 states and Belgium and South Korea, the Company provides value-added metals processing services and distributes a full line of over 90,000 metal products. These products include galvanized, hot-rolled and cold-finished steel; stainless steel; aluminum; brass; copper; titanium and alloy steel sold to more than 95,000 customers in various industries.

     Reliance Steel & Aluminum Co.’s press releases and additional information are available on the Company’s web site at www.rsac.com. The Company was named to the 2005 Forbes Platinum 400 List of America’s Best Big Companies and was also named as one of “America’s Most Admired Companies” listed in the diversified wholesaler’s category in the March 7, 2005 issue of Fortune.

     This release may contain forward-looking statements relating to future financial results. Actual results may differ materially as a result of factors over which Reliance Steel & Aluminum Co. has no control. These risk factors and additional information are included in the Company’s reports on file with the Securities and Exchange Commission.

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