FOR IMMEDIATE RELEASE
December 5, 2006

CONTACT:
Mitsui & Co. (U.S.A.), Inc.
Nobuhiko Tomishima
Direct: 212-878-0942

Mitsui & Co. (U.S.A.), Inc. Announces the Integration of
Mi-Tech Steel, Inc. and Mitsui Auto Steel Canada Inc.

New York, December 5, 2006 - Mitsui & Co. (U.S.A.), Inc. (“Mitsui USA”) announced today that Mi-Tech Steel, Inc. will acquire 100% of the stock in Mitsui Auto Steel Canada Inc. in Cambridge, Ontario. It is Mitsui USA’s intention to provide better services to customers in the U.S. and Canada through this organizational integration, and to expand business, especially in the automotive steel processing and just-in-time logistics operations.

Mi-Tech Steel, Inc. is a 50/50 joint venture between a subsidiary of Mitsui USA of New York and Steel Technologies Inc. of Louisville, Kentucky. Established in 1987, Mi-Tech Steel, Inc. has rapidly grown by providing steel processing and logistics services to mainly Japanese automotive OEMs and parts manufacturers in the U.S. It currently operates five steel processing facilities in Tennessee, Indiana, Alabama, and Mississippi.

Mitsui Auto Steel Canada Inc. (“MASCI”), established in 1996, is a steel service center in which Mitsui & Co., Ltd. directly and indirectly owns a 100% equity interest. Headquartered in Cambridge, Ontario, MASCI provides warehousing, inspection, and just-in-time delivery services primarily to Toyota Motor Manufacturing Canada. Following the completion of the integration with Mi-Tech Steel, Inc., the company plans to construct the second facility in Woodstock, Ontario, Canada near the construction site for Toyota’s 7^th North American plant. The new facility is expected to be operational in mid-2008.

“Mi-Tech Steel, Inc. has developed a successful business model together with their customers, primarily Japanese automotive OEMs and parts manufacturers in the U.S.,” says Ichizo Kutsukake, Senior Vice President, Iron & Steel Products Div., Mitsui & Co. (U.S.A.), Inc. “Mitsui Auto Steel Canada Inc. is another very successful service center operation that has provided quality services to our automotive customers in Canada. We believe the integration of the two companies will enable us to enhance our customer services by capitalizing on both companies’ experiences and customer relationships in the U.S. and Canada, thus strengthening our position in these countries.”

About Mitsui & Co. ( U.S.A.), Inc.

Mitsui & Co. (U.S.A.), Inc. is the largest wholly owned subsidiary of Mitsui & Co., Ltd., Japan, a diversified trading, investment, and service enterprise operating globally with about 41,000 employees (consolidated), 168 offices, and over 580 affiliated companies worldwide.