Ryerson, Olympic bet big on merger as steel slump enters third year

Ryerson Holding Corp. used its third-quarter earnings call to spotlight the transformative merger with Olympic Steel announced on Tuesday. Executives from both companies framed the all-stock deal as a path to scale, efficiency, and long-term growth despite ongoing weakness in the metals market.

Ryerson President and CEO Eddie Lehner described the combination as “a compelling and attractive merger” that will create the second-largest metals service center in North America, with more than $6.5 billion in annual revenue and a network of 160 facilities.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.