Ryerson Holding Corporation and Olympic Steel, Inc. have entered into a definitive agreement to merge, creating the second-largest metals service center in North America. The merger combines two highly complementary businesses, integrating Olympic Steel’s footprint, product range, and processing capabilities into Ryerson’s network of value-added service centers.
The combined company expects to achieve around USD 120 mln in annual synergies within two years, driven by procurement efficiencies, network optimization, and commercial enhancements.
The transaction is anticipated to close in the first quarter of 2026, subject to regulatory and shareholder approvals as well as other customary conditions.
