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Ryerson Elects New Board Director

March 7, 2007 — Ryerson Inc.’s Board of Directors has elected James R. Kackley to the company's Board of Directors.

We are extremely pleased to have James Kackley join our Board," said Neil Novich, Ryerson’s Chairman and CEO. "James brings an extensive background in finance and experience auditing multi-location retailers and distributors. In the past three years, we have added five new directors to Ryerson's Board, part of an ongoing process to bring a fresh perspective and relevant experience that complements our outstanding and active Board of Directors," added Novich.

The Ryerson Board of Directors also determined that, as part of a planned succession process, Gregory P. Josefowicz, a member of the company's Board since 1999, will succeed James A. Henderson as Chair of the company's nominating and governance committee, effective at the next Annual Meeting of Stockholders. The Chair of this committee acts as the presiding director of the Board and chairs all executive sessions of the non-management and independent directors.

James R. Kackley, 64, is a private investor. He practiced as a public accountant for Arthur Andersen from 1963 to 1999. From 1974 to 1999, he was an audit partner for the firm, dealing with a substantial number of public and non-public companies, including companies engaged in manufacturing, distribution, and retail businesses. In addition, in 1998 and 1999, he served as Chief Financial Officer for Andersen Worldwide, then a $16 billion a year professional services firm operating in more than 100 countries. From June 1999 to May 2002, Mr. Kackley was an adjunct professor at the Kellstadt School of Management at DePaul University.

Mr. Kackley currently serves as a director, member of the audit and management compensation committees and the audit committee financial expert for PepsiAmericas, Inc., a $4-billion soft-drink bottler based in Minneapolis, Minn. In addition, he currently serves as a director, Chairman of the audit committee and as the audit committee financial expert of Herman Miller, Inc., a Michigan-based manufacturer of office furniture. He also acts as a director and Chairman of the audit and finance committee for Orion Energy Systems, Inc., a Wisconsin-based manufacturer of industrial lighting. Previously, he served on the audit committees of Northwestern University and the Chicago Symphony Orchestra, both not-for-profit corporations. He is currently a Life Trustee of Northwestern University and the Museum of Science and Industry in Chicago.

Gregory P. Josefowicz is the retired Chairman, President and CEO of Borders Group, Inc., an operator of book superstores and mall-based bookstores. Previously, he was Chief Executive Officer of the Jewel-Osco division of American Stores Co., which operates food and drug stores in Illinois and Wisconsin, and was Albertson's President, Midwest Region after Albertsons acquired Jewel.


Ryerson Inc. is a leading distributor and processor of metals in North America, with 2006 revenues of $5.9 billion. The company services customers through a network of service centers across the United States and in Canada, Mexico, India, and China.

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