Ryerson completed the merger with Olympic Steel for $792m.

Ryerson Holding Corporation, a company operating in the industrial‐metals processing and distribution sector, completed the merger with Olympic Steel, a metals service center business, for $792m. "The union of Ryerson and Olympic Steel unlocks tremendous growth opportunities across our now combined network of service centers, family of companies, and brands. The augmented network density, product diversity, and service offerings promises a customer experience with greater speed to market, wider selection of products and services, and consistency of high value-added experiences. For our stockholders, we expect the merger will strengthen our ability to improve our quality of earnings through the cycle with accretive margins, strong free cash flow potential, an improved leverage profile, and approximately $120 million in attainable synergies all leading to enhanced shareholder value," Eddie Lehner, Ryerson CEO.