Tube City IMS CORP Watch

from S-4 14 pages [Restricted Securities Legend for Securities Offered Otherwise Than in Reliance on Regulation S]

from S-4 14 pages Unless This Certificate Is Presented by an Authorized Representative of the Depository Trust Company, a New York Corporation (“Dtc”), New York, New York, to the Company or Its Agent for Registration of Transfer, Exchange or Payment, and Any Certificate Issued Is Registered in the Name of Cede & Co. or Such Other Name as Is Requested by an Authorized Representative of Dtc (And Any Payment Is Made to Cede & Co., or to Such Other Entity as Is Requested by an Authorized Representative of Dtc) Any Transfer, Pledge or Other Use Hereof for Value or Otherwise by or to Any Person Is Wrongful Inasmuch as the Registered Owner Hereof, Cede & Co., Has an Interest Herein

from S-4 4 pages Counterpart to the Registration Rights Agreement

from S-4 23 pages $225,000,000 Tube City IMS Corporation 9 3/4% Senior Subordinated Notes Due 2015 Registration Rights Agreement

from S-4 5 pages Supplemental Indenture, Dated as of January 25, 2007

from S-4 153 pages Metal Services Merger Sub Corp. Issuer 9 3/4% Senior Subordinated Notes Due 2015 Indenture Dated as of January 25, 2007 the Bank of New York Trustee