Esmark Incorporated Settles Lawsuit with Metal Management, Inc.

WHEELING, W.Va., March 31 /PRNewswire-FirstCall/ -- Esmark Incorporated
(Nasdaq: ESMK) today confirmed the settlement of litigation pending in state
court in New York since June 2007 between its wholly owned subsidiaries,
Esmark Steel Service Group, Inc. and Wheeling Pittsburgh-Steel Corporation,
and Metal Management, Inc. (MMI). The litigation arose out of a commercial
dispute relating to steel scrap purchased by Wheeling-Pittsburgh from MMI. By
mutual agreement, the terms of the settlement were not disclosed.
About Esmark Incorporated
Esmark Incorporated is a vertically integrated steel producer and
distributor, combining steel production capabilities through both blast
furnace and electric arc furnace technologies with the just-in-time delivery
of value-added steel products to a broad customer base concentrated in the
Ohio Valley and Midwest regions. Currently headquartered in Wheeling, WV, the
Company is a producer of carbon flat-rolled products for the construction,
container, appliance, converter/processor, steel service center, automotive
and other markets. The company's products include various sheet products such
as hot rolled, cold rolled, hot dipped galvanized, electro-galvanized, black
plate and electrolytic tinplate. More information about Esmark can be found
at www.esmark.com.
SOURCE Esmark Incorporated

Media or Investor Relations, Dennis Halpin of Esmark Incorporated, office,
+1-304-234-2421, mobile, +1-304-650-6474, dhalpin@esmark.com; or Media, Bill
Keegan of Edelman, mobile, +1-312-927-8424, bill.keegan@edelman.com, for
Esmark Incorporated