March 7, 2007 — Ryerson Inc. is postponing its 2007 annual meeting of stockholders, originally scheduled for May 11, 2007.

Ryerson’s Board, with the assistance of management and its financial adviser, has been actively engaged in a review of strategic alternatives to maximize shareholder value. This process includes comparing the company's strategic plan with other alternatives. The Board believes it is in the best interests of all stockholders to conduct a comprehensive and thorough process prior to holding the annual meeting.

Alternatives potentially being evaluated could include, but are not limited to, a sale of the company, a business combination, a recapitalization or a share repurchase.

Ryerson says it will announce a new meeting date and record date for stockholders eligible to vote at the meeting at an appropriate time.

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.