Metal Management, Inc. Appoints Norman R. Bobins to Board of Directors; Kevin P. McGuinness to Become Director Emeritus

Metal Management, Inc. (Nasdaq:MTLM), one of the
nation's largest full service scrap metal recyclers, today announced
the appointment of Norman R. Bobins to the Metal Management Board of
Directors. Mr. Bobins, President and Chief Executive Officer of
LaSalle Bank Corporation, will succeed Kevin P. McGuinness. Mr.
McGuinness will retire from active board service to become Director
Emeritus after serving as a Director since 2001. Both Mr. Bobins'
appointment and Mr. McGuinness' retirement are effective April 1,
2006.
   In addition to serving as President and Chief Executive Officer of
LaSalle Bank Corporation, Mr. Bobins is Senior Executive Vice
President of LaSalle's parent company, ABN AMRO Bank N.V. Previously,
Mr. Bobins served for nearly a decade as Senior Executive Vice
President and Chief Lending Officer of The Exchange National Bank of
Chicago until its acquisition by LaSalle National Corporation, the
predecessor to LaSalle Bank Corporation. Earlier in his career, Mr.
Bobins was Senior Vice President of the American National Bank and
Trust Company, serving in a range of commercial lending positions.
   Daniel W. Dienst, Chairman, President and Chief Executive Officer
of Metal Management said, "We are very pleased that Norm Bobins is
joining our board as a new independent director. His wealth of
experience, not only as a financial expert but more importantly, with
a track record of building institutions with cultures of success, will
serve Metal Management's shareholders well. We look forward to his
contributions as we continue to seek to deliver long-term value for
our shareholders."
   Mr. Dienst continued, "Since Kevin McGuinness joined Metal
Management about five years ago, the market capitalization of Metal
Management has increased by approximately $650 million. On behalf of
the shareholders of Metal Management, I would like to thank Kevin for
his many contributions that he has made to the Company. His extensive
knowledge of the global scrap metal recycling industry has been a
tremendous benefit to the company, and we look forward to his
continuing counsel and insight as Director Emeritus."

   About Metal Management, Inc.

   Metal Management is one of the largest full service metal
recyclers in the United States, with approximately 50 recycling
facilities in 16 states.
   For more information about Metal Management, Inc., visit the
Company's website at www.mtlm.com.

   Forward Looking Statements

   All of the statements in this release, other than historical
facts, are forward-looking statements made in reliance upon the Safe
Harbor Provisions of the Private Securities Litigation Reform Act of
1995. As such, they involve risks and uncertainties and are subject to
change at any time. These statements reflect our current expectations
regarding the future profitability of the Company and its
subsidiaries. As discussed in our annual report on Form 10-K for the
fiscal year ended March 31, 2005, and in other periodic filings filed
by the Company with the U.S. Securities and Exchange Commission, some
of the factors that could affect our performance include, among other
things: cyclicality and competitiveness of the metals recycling
industry, commodity price fluctuations, debt covenants that restrict
our ability to engage in certain transactions, compliance with
environmental, health, safety and other regulatory requirements
applicable to the Company, potential environmental liability, risk of
deterioration of relations with labor unions, dependence on key
management, dependence on suppliers of scrap metal, concentration of
customer risk, impact of export and other market conditions on the
business, availability of scrap alternatives, and under funded defined
benefit pension plans.