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Press Release - April 14, 2008

Centric and ArcelorMittal Announce Partnership for Distribution in North America

Doylestown, Pa- (Business Wire) - April 14, 2008- Centric Alloys Corporation and ArcelorMittal - Stainless and Nickel Alloys, a division of ArcelorMittal, today announced a new partnership for North America. Centric Alloys will be the U.S. sales and distribution channel for the nickel alloy bar and wire rod products supplied to the North American market.

Under the terms of the agreement, Centric Alloys will provide a full complement of sales, multi-location distribution, technical assistance, and other valued services to distinguished customers in the North American market.

"The unique experience and knowledge of a team dedicated to nickel alloys is a key for us," said Guy Virrion, Vice President, Sales and Marketing for ArcelorMittal- Stainless and Nickel Alloys. "Their core management group brings forth the depth, experience and vision we’re looking for to ensure that the ArcelorMittal product is positioned as the leading brand in Nickel Alloy long products."

Michael Walsh, President of Centric Alloys, added, “We are extremely pleased to be a partner of ArcelorMittal in such an important marketplace. Together, we are certain that the customer will benefit by virtue of this partnership.”

About Centric Alloys Corporation

Centric Alloys, based in Doylestown, Pennsylvania, sells and distributes specialty alloys, stainless steels, and aluminum products.

About ArcelorMittal

ArcelorMittal is the world’s number one steel company with 320,000 employees in more than 60 countries. It is the global leader in all major consuming markets.

Centric Alloys Corp. 250 Wood Street Doylestown, PA 18901 Toll Free: 1-888-392-5569 Office Phone 1-215-345-5129
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