# Ryerson and Olympic Steel shareholders approve merger

Shareholders of Ryerson Holding Corporation and Olympic Steel, Inc. have approved the merger of the two metals service center companies. The closing is expected on February 13, 2026, with Olympic Steel shareholders receiving 1.7105 Ryerson shares per Olympic share.

- Type: Acquisition
- Announced: 2026-02-12
- Where: Chicago and Cleveland, United States
- Value: $6.50B
- Status: announced
- Products: industrial metals, carbon steel, stainless steel, aluminum
- 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

- [prnewswire.com](https://www.prnewswire.com/news-releases/ryerson-holding-corporation-stockholders-and-olympic-steel-inc-shareholders-approve-proposals-related-to-pending-transaction-302686611.html), 2026-02-12: "the closing of the merger is expected to occur on February 13, 2026, subject to the satisfaction of the remaining customary closing conditions."
- [ryerson.com](https://www.ryerson.com/about-us/news-events/news/ryerson-initiatives/ryerson-and-olympic-steel-announce-successful-closing-of-merger), 2026-02-13: "Ryerson and Olympic Steel, Inc. ... together announce that they have successfully merged as of today."
- [ir.ryerson.com](https://ir.ryerson.com/news/news-details/2026/Ryerson-and-Olympic-Steel-Announce-Successful-Closing-of-Merger/default.aspx), 2026-02-13: "Ryerson Holding Corporation and Olympic Steel, Inc. together announce that they have successfully merged as of today."
- [clevelandjewishnews.com](https://www.clevelandjewishnews.com/news/local_news/olympic-steel-ryerson-merger-creates-6-5b-company/article_528b5c2e-059a-44e3-8c69-4680d8cc598d.html), 2026-02-17: "We just think we have an obligation to continue to grow, and this exhilarates our opportunities to continue on the path from 1954 (until) today to really have explosive growth as we look forward from 2026."
- [stocktitan.net](https://www.stocktitan.net/sec-filings/RYI/8-k-ryerson-holding-corp-reports-material-event-f8fd503337e0.html), 2026-02-23: "Ryerson Holding Corporation shared an investor presentation detailing its outlook after closing an all-stock merger with Olympic Steel."
- [stainless-steel-world.net](https://stainless-steel-world.net/ryerson-merges-with-olympic-steel/), 2026-03-03: "The merger of these two companies enhances Ryerson’s presence as the second-major North American metals service center."

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