Ryerson and Olympic Steel shareholders approve merger

Ryerson Holding Corporation (NYSE: RYI) and Olympic Steel Inc. (NASDAQ: ZEUS) announced that their respective shareholders have approved the pending merger transaction at special meetings held February 12, 2026.

The merger is expected to close February 13, 2026, subject to remaining customary closing conditions. Olympic Steel shares will cease trading on February 13, 2026, and the company will no longer be listed on the NASDAQ exchange following the closing.

Under the merger agreement terms, Olympic Steel shareholders will receive 1.7105 shares of Ryerson common stock for each share of Olympic Steel common stock they own.

Ryerson operates as a value-added processor and distributor of industrial metals with operations in the United States, Canada, Mexico, and China. The company was founded in 1842 and has approximately 4,300 employees across 106 locations.

Olympic Steel, founded in 1954, operates as a metals service center focused on carbon and coated sheet, plate and coil steel products, stainless steel products, aluminum products, and related materials. The Cleveland-based company operates from 53 facilities.

The information was disclosed in a joint press release from both companies.

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