Ryerson Holding Corp

This Annual Report contains “forward-looking statements.” Such statements can be identified by the use of forward-looking terminology such as “objectives,” “goals,” “preliminary,” “range,” “believes,” “expects,” “may,” “estimates,” “will,” “should,” “plans” or “anticipates” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and may involve significant risks and uncertainties, and that actual results may vary materially from those anticipated or implied in the forward-looking statements as a result of various factors. Among the factors that significantly impact the metals distribution industry and our business are:

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highly cyclical fluctuations resulting from, among others, seasonality, market uncertainty, and costs of goods sold;

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remaining competitive and maintaining market share in the highly competitive and fragmented metals distribution industry;

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managing the costs of purchased metals relative to the price at which we sell our products during periods of rapid price escalation or deflation;

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the management of inventory and other costs and expenses;

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customer, supplier, and competitor consolidation, bankruptcy, or insolvency;

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the impairment of goodwill that could result from, among other things, volatility in the markets in which we operate;

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the impact of geopolitical events;

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future funding for postretirement employee benefits may require substantial payments from current cash flow;

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the failure to effectively integrate newly acquired operations;

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the regulatory and other operational risks associated with our operations located outside of the United States (“U.S.”);

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the ability of management to focus on North American and foreign operations;

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currency fluctuations in the U.S. dollar versus the Canadian dollar, the Chinese renminbi, the Mexican peso, and the Hong Kong dollar;

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the adequacy of our efforts to mitigate cyber security risks and threats;

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reduced production schedules, layoffs or work stoppages by our own, our suppliers’, or customers’ personnel;

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certain employee retirement benefit plans are underfunded and the actual costs could exceed current estimates;

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prolonged disruption of our processing centers;

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the ability to retain and attract management and key personnel;

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our risk management strategies may result in losses;

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the incurrence of substantial costs or liabilities to comply with, or as a result of violations of, environmental laws;

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the impact of new or pending litigation against us;

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the risk of product liability claims;

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our indebtedness and the covenants in instruments governing such indebtedness;

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the ability to comply with the terms of our asset-based credit facility; and

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the influence of a single investor group over our policies and procedures.

These risks and uncertainties could cause actual results to differ materially from those suggested by the forward-looking statements. Forward-looking statements should, therefore, be considered in light of various factors, including those set forth in this Annual Report under “Risk Factors” and the caption “Industry and Operating Trends” included in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in this Annual Report. Moreover, we caution you not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. We do not undertake any obligation to revise or publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this Annual Report or to reflect the occurrence of unanticipated events.