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):
May 31, 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 May 31, 3005, Reliance Steel & Aluminum Co. (“Reliance”) and its wholly-owned subsidiary RSAC Management Corp. (“RSAC”), both California corporations, entered into a Stock Purchase Agreement with Chapel Steel Corp., a Pennsylvania corporation, and its shareholders for the purchase by RSAC of all of the outstanding securities of Chapel Steel Corp. Chapel Steel Corp. (“Chapel”) is a metals service center company that specializes in processing and distributing carbon and alloy steel plate products from five facilities in Pottstown, (Philadelphia), Pennsylvania; Bourbonnais (Chicago), Illinois; Houston, Texas; Birmingham, Alabama; and Portland, Oregon. Chapel Steel Corp. also warehouses and distributes products in Cincinnati, Ohio and Hamilton, Ontario, Canada. Chapel’s net sales for the fiscal year ended December 31, 2004 were $273 million. The purchase price and other terms and conditions of the proposed acquisition were determined by negotiations between the parties and are confidential. The completion of the acquisition is subject to Reliance’s successful completion of due diligence and regulatory approvals. Neither the shareholders of Chapel nor any of its 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 June 1, 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: June 6, 2005	By	/s/ David H. Hannah
		David H. Hannah
		Chief Executive Officer

RELIANCE STEEL & ALUMINUM CO.

FORM 8-K

INDEX TO EXHIBITS

Exhibit No.	Description
99.1	Press Release dated June 1, 2005.

EX-99.1

EXHIBIT 99.1

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 ACQUIRE CHAPEL STEEL CORP.

     Los Angeles, CA — June 1, 2005 — Reliance Steel & Aluminum Co. (NYSE:RS) announced today that it has reached an agreement to acquire Chapel Steel Corp., headquartered in Spring House (Philadelphia), Pennsylvania. The transaction is expected to be finalized within 60 days, subject to the successful completion of due diligence and regulatory approvals. Terms were not disclosed. Chapel was founded in 1972 and is a privately held metals service center company that processes and distributes carbon and alloy steel plate products from five facilities in Pottstown (Philadelphia), PA; Bourbonnais (Chicago), IL; Houston, TX; Birmingham, AL; and Portland, OR. Chapel also warehouses and distributes its products in Cincinnati, OH and Hamilton, Ontario, Canada. Chapel’s net sales for the fiscal year ended December 31, 2004 were approximately $273 million. Chapel services the construction, defense, heavy equipment, shipbuilding, energy and other industries.

     Reliance’s Chief Executive Officer, David H. Hannah, said, “Chapel is a well-run and growing company that adds to both our product offerings and our geographic coverage across the country. We are very excited about the future potential of this new addition to the Reliance family.”

     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 30 states and Belgium, France 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.

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     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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