Specialty Steel Works Acquires Tulsa Centerless Bar Processing, Inc.

May 7, 2021 — Specialty Steel Works Incorporated (“SSWI”) is pleased to announce it has acquired Tulsa Centerless
Bar Processing, Inc. (“Tulsa Centerless”), located in Tulsa, Oklahoma. Tulsa Centerless uses advanced methods to
process various steel grades, red metals, nickel products and exotic metals to exacting specifications and requirements.
Tulsa Centerless’ vast experience in centerless grinding, finished product machining, and other bar and tube value-added
services, is a great complement to the steel bar and seamless tube products and processing services offered by

Tulsa Centerless contributes to SSWI’s long-term strategy, alongside its wholly-owned subsidiaries Niagara LaSalle
Corporation (“Niagara LaSalle”), Corey Steel Company (“Corey”), and Michigan Seamless Tube, LLC (“MST”). Niagara
LaSalle and Corey represent the largest independent manufacturers of high quality engineered cold finished steel bars
in the United States. MST is a leading independent manufacturer of value-added precision-tolerance, cold drawn
seamless tubes.

Michael Salamon, CEO and President of SSWI stated:

“I am pleased to welcome Tulsa Centerless into the SSWI family of companies. Tulsa Centerless fits perfectly
into SSWI’s long-term strategy of building a leading specialty steel processor; delivering high quality steel
products and value-added services to our customers. SSWI, its management team and employees are delighted
by this opportunity to continue to solidify its position in the specialty steel industry and to strengthen
relationships with its customers and suppliers.”

Evan Hudson, President of Tulsa Centerless stated:

“The Tulsa Centerless family is excited to be joining the SSWI team. The resources that SSWI brings to bear
will allow Tulsa Centerless to continue servings its customers at the highest level and expand into additional
processes and markets. We are excited about the future that becoming part of the SSWI team provides.”

Tulsa Centerless will continue to operate as a separate brand and entity under the SSWI umbrella.

About Specialty Steel Works Incorporated:

Specialty Steel Works Incorporated (“SSWI”), headquartered in Hammond, IN, is one of North America’s leading
independent manufacturers of high quality cold finished steel bars and cold drawn seamless tubes. As a steel
processing specialist, the company leverages its technical expertise, skilled workforce and sophisticated equipment to
produce highly engineered products including specialty bars, pressure-carbon, pressure-alloy, mechanical-carbon and
mechanical-alloy tubing that meet its clients’ exact order specifications. SSWI is operated by its wholly-owned
subsidiaries: Hammond, IN-based Niagara LaSalle Corporation, Cicero, IL-based Corey Steel Company, South Lyon, MI-based
Michigan Seamless Tube, LLC, and now including Tulsa, OK-based Tulsa Centerless Bar Processing, Inc.