Company Announcements
February 16, 2026
Written by Laura Miller
Ryerson Holding Corp. and Olympic Steel Inc. announced they have completed their previously announced blockbuster merger. The move boosts Ryerson’s position as the second-largest service center in North America.
Olympic Steel shareholders received 1.7105 shares of Ryerson common stock for each Olympic share. They now own ~37% of Ryerson.
On October 12, SMU will launch our Daily Digest newsletter, a new way to keep you informed on the latest steel market news and insights. The Daily Digest will replace the current Executive and Premium newsletter emails.
The United Steelworkers (USW) union has not yet reached a labor agreement with either U.S. Steel or Cleveland-Cliffs.
On October 12, SMU will launch our Daily Digest newsletter, a new way to keep you informed on the latest steel market news and insights. The Daily Digest will replace the current Executive and Premium newsletter emails.
This October, SMU is introducing a new way to keep you informed on the latest steel market news and insights: the Daily Digest. Beginning in mid-October, our new Daily Digest will replace the three newsletters currently delivered each week.
Algoma Steel Group Inc. expects the first heat from its second electric-arc furnace (EAF) in the coming days, even as it forecasts a quarterly EBITDA loss and a 20% decline in shipments.