Investment Profile - 2008

Printable Varsion Price as of 3/30/08: 30.91 52-Week High/Low Price: 16.70 - 38.10 Shares Outstanding: 22.0M Market Capitalization: 688.7M Dividend Rate/Share: 0.24 Price/Earnings Ratio: 12.96

CORPORATE PROFILE

Founded in 1890, A. M. Castle & Co. (the “Company”) is a global distributor of specialty metal and plastic products, value-added services and supply chainsolutions, principally serving the producer durable equipment sector of the economy. Its customer base includes many Fortune 500 companies as well asthousands of medium and smaller-sized firms spread across a variety of industries. Within its metals business, it specializes in the distribution of alloy and stainless steels; nickel alloys; aluminum and carbon. Through its subsidiary, Total Plastics, Inc., the Company also distributes a broad range of value-added industrial plastics. Together, Castle operates over 65 locations throughout North America, Europe and Asia.

2007 FINANCIAL HIGHLIGHTS

Revenues were a record $1.4 billion, up 20.6% over 2006.

EBITDA grew 5% to a record $116 million.

Net earnings were the second highest in the Company's history at $51 million, or $2.41 per diluted share.

Return on shareholders equity of 13%.

Debt-to-capital ratio stood at 18.3% as a result of higher operating cash flow and the proceeds from the equity offering.

OPERATIONAL REVIEW

2007 was  record year for revenue and EBITDA with consolidated net sales at $1.4 billion, an increase of 20.6%, and EBITDA at $116 million, an increase of 5.5%, over 2006.  These milestones were achieved as the Company made significant strides in the execution of its long-term growth strategy.  The Company's focus will continue to remain on building the organization into the industry's leading global provider of specialty metal products and supply chain services.

RECENT DEVELOPMENTS

January 2008 – The Company announced that it will open a new service center in Shanghai, China which is expected to be fully operational in the fiscal second quarter of 2008.

January 2008 – The Company announced that it acquired Metals UK Group, a distributor and processor of specialty metals primarily serving the Oil and Gas, Aerospace, Petrochemical and Power Generation markets worldwide.

May 2007 – The Company announced pricing of its secondary public offering of 4 million shares of its common stock at $33.00 per share.

February 2007 – The Company committed to deploy an Oracle platform as the engine for its Enterprise Resource Planning system, which will provide significantly enhanced functionality.  The estimated cost of this project is $10 to $12 million over the next 2 years.

BUSINESS OUTLOOK FOR 2008 AND BEYOND:

While the current outlook for the general U.S. economy is uncertain, we are cautiously optimistic about 2008 for several reasons.

• First, we expect pricing to remain at historically high levels.

• Second, we participate in several strong markets such as Aerospace and Oil & Gas, but do not significantly participate
  in end markets that are strongly tied to the more consumer-driven general economic cycle.

• Third, our customer base is increasingly global in scope, which further moderates our susceptibility to economic
  downturns in North America.

• And last but not least, we are very excited about two strategic moves we made recently (the acquisition of Metals U.K. Group and the opening of a new facility in Shanghai) and the opportunities they create.  Both of these moves support our emphasis on high-growth markets and expand our global capability.

Fiscal Year Ending December 31

($ in millions)	1Q08**	2007*	2006*	2005	2004	2003
Revenues	$393.4	$1,420.4	$1,177.6	$959.0	$761.0	$543.0
EBITDA	30.0	116.2	110.0	92.1	47.6	(8.2)
Net Earnings	13.8	51.2	54.2	37.9	15.4	(19.9)
Assets	799.9	677.0	655.1	423.7	383.0	338.9
Total Dept	125.2	86.5	226.1	80.1	117.9	121.3
Stockholders' Equity	395.0	385.1	215.9	175.5	130.4	113.7

** includes the affect of the consolidation of Metals U.K. into A. M. Castle as of January 2008
  * includes the affect of the consolidation of Transtar into A. M. Castle as of September 2006

Officers:	Investor Contact:
Pres & CEO – Michael Goldberg Pres, Castle Metals – Stephen Hooks VP, CFO & Treas – Lawrence Boik Pres, Castle Metals Oil & Gas – Curtis Samford Pres, Castle Metals Plate – Blain Tiffany Pres, Castle Aerospace – Michael Zundel Managing Director, Metals U.K. Group – Ian Griffiths Pres, Total Plastics, Inc. – Thomas Garrett	Larry Boik 847-349-2576 lboik@amcastle.com 3400 North Wolf Road Franklin Park, IL 60131

For complete financial results please see Castle’s Annual Report and SEC Filing on Form 10-K for further information. 1st Quarter Press Release and SEC Filings on Form 10-Q for further information.
Links to each document are available within the Investor Information section of www.amcastle.com