# Ryerson and Olympic Steel announce merger agreement

Ryerson Holding Corporation and Olympic Steel announced a definitive merger agreement. Olympic Steel shareholders will receive 1.7105 Ryerson shares per Olympic Steel share and own about 37% of the combined company. The deal is expected to close in Q1 2026.

- Type: Acquisition
- Announced: 2025-10-28
- Where: United States
- Status: announced
- Products: industrial metals processing and distribution
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Ryerson Holding Corporation](https://endata.com/companies/31102.md)
- [Olympic Steel](https://endata.com/companies/31064.md) (target)
- [Ryerson Holding Corporation](https://endata.com/companies/31102.md) (acquirer)

## Sources

- [ir.ryerson.com](https://ir.ryerson.com/news/news-details/2025/Ryerson-and-Olympic-Steel-Announce-Merger-Agreement/default.aspx), 2025-10-28: "Ryerson Holding Corporation and Olympic Steel, Inc. announced today that they have entered into a definitive agreement to merge."
- [barchart.com](https://www.barchart.com/press-releases/35741945/ryerson-and-olympic-steel-announce-merger-agreement), 2025-10-28: "This merger represents an immensely attractive and unique opportunity for Ryerson and Olympic Steel as it combines our two organizations, which couldn't be more complementary and synergistic around the products, services, footprint, and customer experience."
- [willkie.com](https://www.willkie.com/news/2025/10/willkie-advises-ryerson-holding-corporation-on-merger-with-olympic-steel), 2025-10-29: "On October 28, Ryerson and Olympic announced that they entered into a definitive agreement to merge."
- [thefabricator.com](https://www.thefabricator.com/thefabricator/news/metalsmaterials/ryerson-and-olympic-steel-announce-merger-agreement), 2025-10-29: "Ryerson Holding Corp., a value-added processor and distributor of industrial metals, and metals service center Olympic Steel Inc. have entered into a definitive agreement to merge."
- [distributionstrategy.com](https://distributionstrategy.com/2025/10/ryerson-olympic-steel-to-merge-creating-6-5-billion-metals-distribution-organization/), 2025-10-30: "Two of North America's leading metals service center operators, Ryerson Holding Corp. and Olympic Steel Inc., have agreed to merge"
- [sec.gov](https://www.sec.gov/Archives/edgar/data/917470/000143774925032438/zeus20251030_425.htm), 2025-10-30: "On October 28, 2025, Olympic Steel, Inc. entered into an Agreement and Plan of Merger with Ryerson Holding Corporation."
- [themachinemaker.com](https://themachinemaker.com/news/ryerson-and-olympic-steel-finalize-merger-agreement/), 2025-11-05: "This merger is a unique opportunity that strengthens both of our organizations."
- [stainless-steel-world.net](https://stainless-steel-world.net/ryerson-to-merge-with-olympic-steel/), 2025-11-09: "The merger will strengthen the combined company’s position as the second-largest metals service center in North America and brings together complementary footprints, capabilities, and product offerings within Ryerson’s interconnected network of value-added service centers."
- [industrialsage.com](https://www.industrialsage.com/headlines-episode-12/), 2025-11-16: "Ryerson-Olympic Steel merger creates $6.5B revenue company operating 160+ facilities, generating $120M annual synergies through network optimization."
- [stocktitan.net](https://www.stocktitan.net/sec-filings/RYI/s-4-ryerson-holding-corp-business-combination-registration-5d0f75c80ba2.html), 2025-12-05: "Ryerson Holding Corporation has filed a Form S-4 outlining an all-stock acquisition of Olympic Steel, Inc."
- [mdm.com](https://www.mdm.com/companies/olympic-steel/), 2026-04-02: "It will result in a combined company with about $6.5 billion in annual revenue, more than 160 locations and 6,300 employees."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.