Ryerson Holding (RYI) 10-Q 5 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 02, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	RYI
Entity Registrant Name	RYERSON HOLDING CORPORATION
Entity Central Index Key	1,481,582
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		32,099,700

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement Of Income And Comprehensive Income [Abstract]
Net sales	$ 702.6	$ 868
Cost of materials sold	555	718
Gross profit	147.6	150
Warehousing, delivery, selling, general and administrative	109.3	116.4
Operating profit	38.3	33.6
Other income and (expense), net	5.3	(11.3)
Interest and other expense on debt	(22)	(25.3)
Income (loss) before income taxes	21.6	(3)
Provision (benefit) for income taxes	8.1	(0.2)
Net income (loss)	13.5	(2.8)
Less: Net loss attributable to noncontrolling interest		(0.3)
Net income (loss) attributable to Ryerson Holding Corporation	13.5	(2.5)
Comprehensive income (loss)	21.9	(9.1)
Less: Comprehensive loss attributable to noncontrolling interest		(0.3)
Comprehensive income (loss) attributable to Ryerson Holding Corporation	$ 21.9	$ (8.8)
Basic and diluted earnings (loss) per share	$ 0.42	$ (0.08)

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating activities:
Net income (loss)	$ 13.5	$ (2.8)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	10.9	11.1
Stock-based compensation	0.2
Deferred income taxes	8.4	(1)
Provision for allowances, claims and doubtful accounts	0.9	1.5
(Gain) loss on retirement of debt	(8.2)	0.5
Other-than-temporary impairment charge on available-for-sale investments		12.3
Other items	(0.1)	(0.2)
Change in operating assets and liabilities:
Receivables	(36)	(16.9)
Inventories	(12.6)	70.8
Other assets	6	2.5
Accounts payable	54.6	31.9
Accrued liabilities	16.9	6.8
Accrued taxes payable/receivable	0.2	(1.3)
Deferred employee benefit costs	(7.7)	(13.6)
Net adjustments	33.5	104.4
Net cash provided by operating activities	47	101.6
Investing activities:
Increase in restricted cash	(0.9)
Capital expenditures	(5.4)	(5.7)
Proceeds from sale of property, plant and equipment	1.2	0.1
Net cash used in investing activities	(5.1)	(5.6)
Financing activities:
Repayment of debt	(16.9)	(30.3)
Net repayments of short term borrowings	(23.5)	(26.9)
Net increase (decrease) in book overdrafts	4.4	(25.1)
Principal payments on capital lease obligations	(1.3)	(0.4)
Net cash used in financing activities	(37.3)	(82.7)
Net increase in cash and cash equivalents	4.6	13.3
Effect of exchange rate changes on cash and cash equivalents	2.7	(2.5)
Net change in cash and cash equivalents	7.3	10.8
Cash and cash equivalents—beginning of period	63.2	60
Cash and cash equivalents—end of period	70.5	70.8
Cash paid during the period for:
Interest paid to third parties	3.5	5.2
Income taxes, net	0.4	0.9
Noncash investing activities:
Asset additions under capital leases	$ 0.5	$ 1.1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 70.5	$ 63.2
Restricted cash	2.1	1.2
Receivables less provision for allowances, claims and doubtful accounts	343	305.7
Inventories	571.1	555.8
Prepaid expenses and other current assets	28.1	32.8
Total current assets	1,014.8	958.7
Property, plant, and equipment, at cost	661.1	654.5
Less: Accumulated depreciation	263.3	254.2
Property, plant and equipment, net	397.8	400.3
Deferred income taxes	17.1	31.8
Other intangible assets	44.7	46.2
Goodwill	103.2	103.2
Deferred charges and other assets	5.2	5
Total assets	1,582.8	1,545.2
Current liabilities:
Accounts payable	265.9	206.3
Salaries, wages and commissions	30.9	26.3
Other accrued liabilities	63	52
Short-term debt	20.8	22
Current portion of deferred employee benefits	9.2	9.1
Total current liabilities	389.8	315.7
Long-term debt	955.8	1,001.5
Deferred employee benefits	320.9	327.7
Taxes and other credits	35	41.1
Total liabilities	$ 1,701.5	$ 1,686
Commitments and contingencies
Redeemable noncontrolling interest	$ (0.1)	$ 0.1
Ryerson Holding Corporation stockholders’ equity (deficit):
Preferred stock, value
Common stock, value	$ 0.3	$ 0.3
Capital in excess of par value	302.8	302.6
Accumulated deficit	(117.4)	(130.9)
Treasury stock at cost – Common stock, value	(6.6)	(6.6)
Accumulated other comprehensive loss	(298.6)	(307)
Total Ryerson Holding Corporation stockholders’ equity (deficit)	(119.5)	(141.6)
Noncontrolling interest	0.9	0.7
Total equity (deficit)	(118.6)	(140.9)
Total liabilities and equity	$ 1,582.8	$ 1,545.2

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Statement Of Financial Position [Abstract]
Receivables, provision for allowances, claims and doubtful accounts	$ 5.9	$ 5.2
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	7,000,000	7,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	32,312,200	32,312,200
Treasury stock at cost - Common stock, shares	212,500	212,500

Financial Statements

Financial Statements	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Financial Statements	NOTE 1: FINANCIAL STATEMENTS Ryerson Holding Corporation (“Ryerson Holding”), a Delaware corporation, is the parent company of Joseph T. Ryerson & Son, Inc. (“JT Ryerson”), a Delaware corporation. Affiliates of Platinum Equity, LLC (“Platinum”) own approximately 21,037,500 shares of our common stock, which is approximately 66% Ryerson Holding conducts materials distribution operations in the United States through JT Ryerson, in Canada through its indirect wholly-owned subsidiary Ryerson Canada, Inc., a Canadian corporation (“Ryerson Canada”) and in Mexico through its indirect wholly-owned subsidiary Ryerson Metals de Mexico, S. de R.L. de C.V., a Mexican corporation (“Ryerson Mexico”). In addition to our North American operations, we conduct materials distribution operations in China through Ryerson China Limited (“Ryerson China”), and in Brazil through Açofran Aços e Metais Ltda (“Açofran”), a company in which we have a 50% direct ownership percentage. Unless the context indicates otherwise, Ryerson Holding, JT Ryerson, Ryerson Canada, Ryerson China, Ryerson Mexico and Açofran together with their subsidiaries, are collectively referred to herein as “Ryerson,” “we,” “us,” “our,” or the “Company.” The following table shows our percentage of sales by major product lines for the three months ended March 31, 2016 and 2015, respectively: Three Months Ended March 31, Product Line 2016 2015 Carbon Steel Flat 25 % 23 % Carbon Steel Plate 10 11 Carbon Steel Long 16 17 Stainless Steel Flat 16 16 Stainless Steel Plate 4 4 Stainless Steel Long 3 4 Aluminum Flat 16 16 Aluminum Plate 3 3 Aluminum Long 5 4 Other 2 2 Total 100 % 100 % Results of operations for any interim period are not necessarily indicative of results of any other periods or for the year. The financial statements as of March 31, 2016 and for the three months ended March 31, 2016 and 2015 are unaudited, but in the opinion of management include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of results for such periods. The year-end condensed consolidated balance sheet data contained in this report was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. These financial statements should be read in conjunction with the financial statements and related notes contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2016
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Recent Accounting Pronouncements	NOTE 2: RECENT ACCOUNTING PRONOUNCEMENTS Impact of Recently Issued Accounting Standards—Adopted In April 2015, the FASB issued Accounting Standards Update (“ASU”) 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” 11.0 In April 2015, the FASB issued ASU 2015-05, “ Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement In September 2015, the FASB issued ASU 2015-16, “ Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments. Impact of Recently Issued Accounting Standards—Not Yet Adopted In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers, Revenue from Contracts with Customers Revenue Recognition. In March 2016, the FASB issued ASU 2016-08, “ Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net) .” The amendment clarifies the implementation guidance on principal versus agent considerations, and affects the guidance in ASU 2014-09 “ Revenue from Contracts with Customers, ” which is not yet effective. The update is effective for interim reporting periods within annual reporting periods beginning after December 15, 2017. Early adoption is permitted. We will adopt this guidance for our fiscal year beginning January 1, 2018. We are still assessing the impact of adoption on our consolidated financial statements. In April 2016, the FASB issued ASU 2016-10, “ Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing.” The amendment clarifies the implementation guidance on identifying performance obligations and accounting for licenses of intellectual property, and affects the guidance in ASU 2014-09 Revenue from Contracts with Customers, which is not yet effective. In August 2014, the FASB issued ASU 2014-15, “ Presentation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. In January 2016, the FASB issued ASU 2016-01, " Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. Early adoption is permitted. We will adopt this guidance for our fiscal year beginning January 1, 2018. We are still assessing the impact of adoption on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “ Leases ” codified in ASC 842, “ Leases. ” The guidance requires that lessees will be required to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months. The amendment also will require disclosures designed to give financial statement users information on the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative information. The update is effective for interim and annual reporting periods beginning after December 15, 2018. Early adoption is permitted. We will adopt this guidance for our fiscal year beginning January 1, 2019. We are still assessing the impact of adoption on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-07, “ Investments – Equity Method and Joint Ventures: Simplifying the Transition to the Equity Method of Accounting .” The amendment eliminates the retroactive adjustments to an investment upon it qualifying for the equity method of accounting as a result of an increase in the level of ownership interest or degree of influence by the investor. ASU 2016-07 requires that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor's previously held interest and adopt the equity method of accounting as of the date the investment qualifies for equity method accounting. The update is effective for interim and annual reporting periods beginning after December 15, 2016. Early adoption is permitted. We will adopt this guidance for our fiscal year beginning January 1, 2017, including interim periods within that reporting period. The adoption of this guidance is not expected to have a material impact on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, “ Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting

Inventories

Inventories	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Inventories	NOTE 3: INVENTORIES The Company primarily uses the last-in, first-out (LIFO) method of valuing inventory. Interim LIFO calculations are based on actual inventory levels. Inventories, at stated LIFO value, were classified at March 31, 2016 and December 31, 2015 as follows: March 31, December 31, 2016 2015 (In millions) In process and finished products $ 571.1 $ 555.8 If current cost had been used to value inventories, such inventories would have been $149 million Inventories are stated at the lower of cost or market value. We record amounts required, if any, to reduce the carrying value of inventory to its lower of cost or market as a charge to cost of materials sold. we recorded a lower of cost or market charge of $11.8 million and zero for the three months ended March 31, 2016 and 2015, respectively, to cost of materials sold to reflect this lower value. The lower of cost or market reserve totaled $49.7 million and $37.9 million at March 31, 2016 and December 31, 2015, respectively. The Company has consignment inventory at certain customer locations, which totaled $8.3 million and $9.9 million at March 31, 2016 and December 31, 2015, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	NOTE 4: GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill, which represents the excess of cost over the fair value of net assets acquired, amounted to $103.2 million Intangibles – Goodwill and Other, October 1, 2015, and it Other intangible assets with finite useful lives continue to be amortized over their useful lives. We review the recoverability of our long-lived assets whenever events or changes in circumstances indicate the carrying amount of such assets may not be recoverable.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Acquisitions	NOTE 5: ACQUISITIONS Southern Tool Steel On August 3, 2015, the Company acquired all of the issued and outstanding capital stock of Southern Tool Steel, Inc. (“Southern Tool”). Southern Tool is a distributor of long products, predominantly processed bars and tool steel, and is based in Chattanooga, TN. The acquisition is not material to our consolidated financial statements.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Long-Term Debt	NOTE 6: LONG-TERM DEBT Long-term debt consisted of the following at March 31, 2016 and December 31, 2015: March 31, December 31, 2016 2015 (In millions) Ryerson Credit Facility $ 249.9 $ 272.2 9% Senior Secured Notes due 2017 569.9 569.9 11.25% Senior Notes due 2018 145.3 170.4 Foreign debt 20.8 22.0 Unamortized debt issuance costs (9.3 ) (11.0 ) Total debt 976.6 1,023.5 Less: Short-term foreign debt 20.8 22.0 Total long-term debt $ 955.8 $ 1,001.5 Ryerson Credit Facility On July 24, 2015, Ryerson terminated its $1.35 billion revolving credit facility agreement (the “Old Credit Facility”) and entered into a new $1.0 billion revolving credit agreement (the “Ryerson Credit Facility”). Borrowings under the Ryerson Credit Facility were used to repay indebtedness under the Old Credit Facility. The Ryerson Credit Facility has a maturity date of the earlier of (a) July 24, 2020 or (b) 60 days prior to the stated maturity of any outstanding indebtedness with a principal amount of $50,000,000 or more. As a result of the Ryerson Credit Facility, the Company recorded a $2.9 million charge in the third quarter of 2015 to write-off a portion of the issuance costs associated with the Old Credit Facility. At March 31, 2016 , Ryerson had $249.9 million of outstanding borrowings, $16 million of letters of credit issued and $240 million available under was 2.5 percent and 2.1 percent at March 31, 2016 and December 31, 2015, respectively. The total $1.0 billion Ryerson Credit Facility has an allocation of $925 million to the Company’s subsidiaries in the United States and an allocation of $75 million to Ryerson Holding’s Canadian subsidiary that is a borrower. Amounts outstanding under the Ryerson Credit Facility bear interest at (i) a rate determined by reference to (A) the base rate (the highest of the Federal Funds Rate plus 0.50%, Bank of America, N.A.’s prime rate and the one-month LIBOR rate plus 1.00%) or (B) a LIBOR rate or, (ii) for Ryerson Holding’s Canadian subsidiary that is a borrower, (A) a rate determined by reference to the Canadian base rate (the greatest of the Federal Funds Rate plus 0.50%, Bank of America-Canada Branch’s “base rate” for pricing loans in U.S. Dollars made at its “base rate” and the 30 day LIBOR rate plus 1.00%), (B) the prime rate (the greatest of the Bank of Canada overnight rate plus 0.50%, Bank of America-Canada Branch’s “prime rate” for commercial loans made by it in Canada in Canadian Dollars and the one-month Canadian bankers’ acceptance rate plus 1.00%) or (C) the bankers’ acceptance rate. The spread over the base rate and prime rate is between 0.25% and 0.75% and the spread over the LIBOR and for the bankers’ acceptances is between 1.25% and 1.75%, depending on the amount available to be borrowed under the Ryerson Credit Facility. Overdue amounts and all amounts owed during the existence of a default bear interest at 2% above the rate otherwise applicable thereto. Ryerson also pays commitment fees on amounts not borrowed at a rate of 0.25%. Borrowings under the Ryerson Credit Facility are secured by first-priority liens on all of the inventory, accounts receivables, lockbox accounts and related assets of the borrowers and the guarantors. The Ryerson Credit Facility also contains covenants that, among other things, restrict Ryerson and its restricted subsidiaries with respect to the incurrence of debt, the creation of liens, transactions with affiliates, mergers and consolidations, sales of assets and acquisitions. The Ryerson Credit Facility also requires that, if availability under the Ryerson Credit Facility declines to a certain level, Ryerson maintain a minimum fixed charge coverage ratio as of the end of each fiscal quarter, and includes defaults upon (among other things) the occurrence of a change of control of Ryerson and a cross-default to other financing arrangements. The Ryerson Credit Facility contains events of default with respect to, among other things, default in the payment of principal when due or the payment of interest, fees and other amounts due thereunder after a specified grace period, material misrepresentations, failure to perform certain specified covenants, certain bankruptcy events, the invalidity of certain security agreements or guarantees, material judgments and the occurrence of a change of control of Ryerson. If such an event of default occurs, the lenders under the Ryerson Credit Facility will be entitled to various remedies, including acceleration of amounts outstanding under the Ryerson Credit Facility and all other actions permitted to be taken by secured creditors. The lenders under the Ryerson Credit Facility have the ability to reject a borrowing request if any event, circumstance or development has occurred that has had or could reasonably be expected to have a material adverse effect on the Company. If Ryerson Holding, JT Ryerson, any of the other borrowers or any restricted subsidiaries of JT Ryerson becomes insolvent or commences bankruptcy proceedings, all amounts borrowed under the Ryerson Credit Facility will become immediately due and payable. Proceeds from borrowings under the Ryerson Credit Facility and repayments of borrowings thereunder that are reflected in the Condensed Consolidated Statements of Cash Flows represent borrowings under the Company’s revolving credit agreement with original maturities greater than three months. Net proceeds (repayments) under the Ryerson Credit Facility represent borrowings under the Ryerson Credit Facility with original maturities less than three months. 2017 and 2018 Notes On October 10, 2012, JT Ryerson issued $600 million in aggregate principal amount of the 2017 Notes (the “2017 Notes”) and $300 million in aggregate principal amount of the 2018 Notes (together with the 2017 Notes, the “2017 and 2018 Notes”). The 2017 Notes bear interest at a rate of 9% per annum. The 2018 Notes bear interest at a rate of 11.25% per annum. The 2017 Notes are fully and unconditionally guaranteed on a senior secured basis and the 2018 Notes are fully and unconditionally guaranteed on a senior unsecured basis by all of our existing and future domestic subsidiaries that are co-borrowers or that have guarantee obligations under the Ryerson Credit Facility. The 2017 Notes and related guarantees are secured by a first-priority lien on substantially all of our and our guarantors’ present and future assets located in the United States (other than receivables, inventory, related general intangibles, certain other assets and proceeds thereof), subject to certain exceptions and customary permitted liens. The 2017 Notes and related guarantees are secured on a second-priority basis by a lien on the assets that secure our obligations under the Ryerson Credit Facility. The 2018 Notes are not secured. The 2017 and 2018 Notes contain customary covenants that, among other things, limit, subject to certain exceptions, our ability, and the ability of our restricted subsidiaries, to incur additional indebtedness, pay dividends on our capital stock or repurchase our capital stock, make investments, sell assets, engage in acquisitions, mergers or consolidations or create liens or use assets as security in other transactions. Subject to certain exceptions, JT Ryerson may only pay dividends to Ryerson Holding to the extent of 50% of future net income, once prior losses are offset. The 2017 Notes became redeemable by the Company, in whole or in part on April 15, 2015 and the 2018 Notes became redeemable, in whole or in part, on October 15, 2015, in each case at specified redemption prices. As of March 31, 2016, $569.9 and $145.3 million of the original outstanding principal amount of the 2017 and 2018 Notes remain outstanding, respectively. The Company has repurchased and in the future may repurchase 2017 and 2018 Notes in the open market. During the first three months of 2016, a principal amount of $25.1 million of the 2018 Notes were repurchased for $16.9 million and retired, resulting in the recognition of a $8.2 million gain within other income and (expense), net on the Condensed Consolidated Statement of Comprehensive Income. During the first three months of 2015, a principal amount of $16.8 million of the 2017 Notes were repurchased for $17.0 million and retired, resulting in the recognition of a $0.2 million loss within other income and (expense), net on the Condensed Consolidated Statement of Comprehensive Income. During the first three months of 2015, a principal amount of $13.0 million of the 2018 Notes were repurchased for $13.3 million and retired, resulting in the recognition of a $0.3 million Foreign Debt At March 31, 2016, Ryerson China’s total foreign borrowings were $20.6 million, which were owed to banks in Asia at a weighted average interest rate of 4.4% per annum and secured by inventory and property, plant and equipment. At December 31, 2015, Ryerson China’s total foreign borrowings were $21.8 million rate of 4.3% borrowings were $0.2 million at March 31, 2016 and December 31, 2015. Availability under the foreign credit lines was $25

Employee Benefits

Employee Benefits	3 Months Ended
	Mar. 31, 2016
Compensation And Retirement Disclosure [Abstract]
Employee Benefits	NOTE 7: EMPLOYEE BENEFITS The following table summarizes the components of net periodic benefit cost for the three months ended March 31, 2016 and 2015 for the Ryerson pension plans and postretirement benefits other than pension: Three Months Ended March 31, Pension Benefits Other Benefits 2016 2015 2016 2015 (In millions) Components of net periodic benefit (credit) cost Service cost $ — $ 1 $ — $ — Interest cost 7 9 1 1 Expected return on assets (11 ) (12 ) — — Recognized actuarial (gain) loss 3 3 (2 ) (2 ) Amortization of prior service credit — — (1 ) (1 ) Net periodic benefit (credit) cost $ (1 ) $ 1 $ (2 ) $ (2 ) Contributions The Company has contributed $2 million to the pension plan fund through the three months ended March 31, 2016 and anticipates that it will have a minimum required pension contribution funding of approximately $20 million for the remaining nine months of 2016.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 8: COMMITMENTS AND CONTINGENCIES From time to time, we are named as a defendant in legal actions incidental to our ordinary course of business. We do not believe that the resolution of these claims will have a material adverse effect on our financial position, results of operations or cash flows. We maintain liability insurance coverage to assist in protecting our assets from losses arising from or related to activities associated with business operations. In October 2011, the United States Environmental Protection Agency (the “EPA”) named us as one of more than 100 businesses that may be a potentially responsible party for the Portland Harbor Superfund Site (“Portland Harbor”). On February 9, 2016, we received correspondence from the EPA stating that its initial Remedial Investigation and Feasibility Study will be completed in “early 2016,” a Proposed Plan for the site should be released in April 2016, and a final cleanup decision for the site should be published in the Record of Decision by December 31, 2016. As of May 5, 2016, the EPA’s Proposed Plan for the site has not been released. We do not currently have sufficient information available to us to determine the total cost of any required investigation or remediation of the Portland Harbor site and therefore, management cannot predict the ultimate outcome of this matter or estimate a range of potential loss at this time. There are various claims and pending actions against the Company. The amount of liability, if any, for those claims and actions at March 31, 2016 is not determinable but, in the opinion of management, such liability, if any, will not have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Derivatives and Fair Value Meas

Derivatives and Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Investments All Other Investments [Abstract]
Derivatives and Fair Value Measurements	NOTE 9: DERIVATIVES AND FAIR VALUE MEASUREMENTS Derivatives The Company is exposed to certain risks relating to its ongoing business operations. The primary risks managed by using derivative instruments are interest rate risk, foreign currency risk, and commodity price risk. Interest rate swaps are entered into to manage interest rate risk associated with the Company’s floating-rate borrowings. We use foreign currency exchange contracts to hedge our Canadian subsidiaries’ variability in cash flows from the forecasted payment of currencies other than the functional currency. From time to time, we may enter into fixed price sales contracts with our customers for certain of our inventory components. We may enter into metal commodity futures and options contracts periodically to reduce volatility in the price of metals. We may also enter into natural gas and diesel fuel price swaps to manage the price risk of forecasted purchases of natural gas and diesel fuel. The Company currently does not account for its derivative contracts as hedges but rather marks them to market with a corresponding offset to current earnings. The Company regularly reviews the creditworthiness of its derivative counterparties and does not expect to incur a significant loss from the failure of any counterparties to perform under any agreements. The following table summarizes the location and fair value amount of our derivative instruments reported in our Condensed Consolidated Balance Sheets as of March 31, 2016 and December 31, 2015: Asset Derivatives Liability Derivatives March 31, 2016 December 31, 2015 March 31, 2016 December 31, 2015 Balance Balance Balance Balance Sheet Fair Sheet Fair Sheet Fair Sheet Fair Location Value Location Value Location Value Location Value (In millions) Derivatives not designated as hedging instruments under ASC 815 Foreign exchange contracts Prepaid and other current assets $ — Prepaid and other current assets $ 0.1 Other accrued liabilities $ 0.1 Other accrued liabilities $ — Commodity contracts Prepaid and other current assets 1.5 Prepaid and other current assets — Other accrued liabilities 1.8 Other accrued liabilities 3.5 Total derivatives $ 1.5 $ 0.1 $ 1.9 $ 3.5 As of March 31, 2016 and December 31, 2015, the Company’s foreign currency exchange contracts had a U.S. dollar notional amount of $2.2 $1.6 million tons has The following table summarizes the location and amount of gains and losses reported in our Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2016 and 2015: Derivatives Location of Gain/(Loss) Amount of Gain/(Loss) Recognized in Income on Derivatives hedging instruments under Recognized in Income on Three Months Ended March 31, ASC 815 Derivatives 2016 2015 (In millions) Foreign exchange contracts Other income and (expense), net $ (0.2 ) $ 0.1 Commodity contracts Cost of materials sold 2.2 (3.8 ) Diesel fuel hedges Warehousing, delivery, selling, general and administrative — (0.1 ) Total $ 2.0 $ (3.8 ) Fair Value Measurements To increase consistency and comparability in fair value measurements, ASC 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels as follows: 1. Level 1 – quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access as of the reporting date. 2. Level 2 – inputs other than quoted prices included within Level 1 that are directly observable for the asset or liability or indirectly observable through corroboration with observable market data. 3. Level 3 – unobservable inputs, such as internally-developed pricing models for the asset or liability due to little or no market activity for the asset or liability. The following table presents assets and liabilities measured and recorded at fair value on our Condensed Consolidated Balance Sheet on a recurring basis and their level within the fair value hierarchy as of March 31, 2016: At March 31, 2016 Level 1 Level 2 Level 3 (In millions) Assets Prepaid and other current assets: Common stock—available-for-sale investment $ 3.8 $ — $ — Mark-to-market derivatives: Commodity contracts $ — $ 1.5 $ — Liabilities Mark-to-market derivatives: Foreign exchange contracts $ — $ 0.1 $ — Commodity contracts — 1.8 — Total liability derivatives $ — $ 1.9 $ — The following table presents assets and liabilities measured and recorded at fair value on our Condensed Consolidated Balance Sheet on a recurring basis and their level within the fair value hierarchy as of December 31, 2015: At December 31, 2015 Level 1 Level 2 Level 3 (In millions) Assets Prepaid and other current assets: Common stock – available-for-sale investment $ 2.2 $ — $ — Mark-to-market derivatives: Foreign exchange contracts $ — $ 0.1 $ — Liabilities Mark-to-market derivatives: Commodity contracts $ — $ 3.5 $ — The fair value of each derivative contract is determined using Level 2 inputs and the market approach valuation technique, as described in ASC 820. The Company has various commodity derivatives to lock in nickel prices for varying time periods. The fair value of these derivatives is determined based on the spot price each individual contract was purchased at and compared with the one-month daily average actual spot price on the London Metals Exchange for nickel on the valuation date. The Company also has commodity derivatives to lock in hot roll coil and aluminum prices for varying time periods. The fair value of hot roll coil and aluminum derivatives is determined based on the spot price each individual contract was purchased at and compared with the one-month daily average actual spot price on the New York Mercantile Exchange and the London Metals Exchange, respectively, for the commodity on the valuation date. The Company has various commodity derivatives to lock in diesel prices for varying time periods. The fair value of these derivatives is determined based on the spot price each individual contract was purchased at and compared with the one-month daily average actual spot price of the Platts Index for Gulf Coast Ultra Low Sulfur Diesel on the valuation date. In addition, the Company has numerous foreign exchange contracts to hedge our Canadian subsidiaries’ variability in cash flows from the forecasted payment of currencies other than the functional currency, the Canadian dollar. The Company defines the fair value of foreign exchange contracts as the amount of the difference between the contracted and current market value at the end of the period. The Company estimates the current market value of foreign exchange contracts by obtaining month-end market quotes of foreign exchange rates and forward rates for contracts with similar terms. The Company uses the exchange rates provided by Reuters. Each contract term varies in the number of months, but on average is between 3 to 12 months The carrying and estimated fair values of the Company’s financial instruments at March 31, 2016 and December 31, 2015 were as follows: At March 31, 2016 At December 31, 2015 Carrying Amount Fair Value Carrying Amount Fair Value (In millions) Cash and cash equivalents $ 70.5 $ 70.5 $ 63.2 $ 63.2 Restricted cash 2.1 2.1 1.2 1.2 Receivables less provision for allowances, claims and doubtful accounts 343.0 343.0 305.7 305.7 Accounts payable 265.9 265.9 206.3 206.3 Long-term debt, including current portion 976.6 848.9 1,023.5 855.3 The estimated fair value of the Company’s cash and cash equivalents, receivables less provision for allowances, claims and doubtful accounts and accounts payable approximate their carrying amounts due to the short-term nature of these financial instruments. The estimated fair value of the Company’s long-term debt and the current portions thereof is determined by using quoted market prices of Company debt securities (Level 2 inputs). Assets Held for Sale The Company had $3.1 Property, Plant and Equipment – Other Presentation Matters The following table presents those assets that were measured at fair value on our Condensed Consolidated Balance Sheet on a non-recurring basis and their level within the fair value hierarchy at March 31, 2016: At March 31, 2016 Level 1 Level 2 Level 3 (In millions) Assets Prepaid expenses and other current assets – assets held for sale $ — $ 3.1 $ — The following table presents those assets that were measured and recorded at fair value on our Condensed Consolidated Balance Sheet on a non-recurring basis and their level within the fair value hierarchy at December 31, 2015: At December 31, 2015 Level 1 Level 2 Level 3 (In millions) Assets Prepaid expenses and other current assets – assets held for sale $ — $ 4.2 $ — Available-For-Sale Investments The Company has classified investments made during 2010 and 2012 as available-for-sale at the time of their purchase. Investments classified as available-for-sale are recorded at fair value with the related unrealized gains and losses included in accumulated other comprehensive income. Management evaluates investments in an unrealized loss position on whether an other-than-temporary impairment has occurred on a periodic basis. Factors considered by management in assessing whether an other-than-temporary impairment has occurred include: the nature of the investment; whether the decline in fair value is attributable to specific adverse conditions affecting the investment; the financial condition of the investee; the severity and the duration of the impairment; and whether we intend to sell the investment or will be required to sell the investment before recovery of its amortized cost basis. When it is determined that an other-than-temporary impairment has occurred, the investment is written down to its market value at the end of the period in which it is determined that an other-than-temporary decline has occurred. The investment was in a gross unrealized loss position for twelve months as of March 31, 2015. Based on the duration and severity of our unrealized loss, management determined that an other-than-temporary impairment occurred and thus recognized a $12.3 million impairment charge within other income and (expense), net in the first quarter of 2015. As of March 31, 2016, the investment has been in an unrealized loss position from its adjusted cost basis for nine months. Management does not currently intend to sell the investment before recovery of its adjusted cost basis. Realized gains and losses are recorded within the Condensed Consolidated Statement of Comprehensive Income upon sale of the security and are based on specific identification. The Company’s available-for-sale securities as of March 31, 2016 can be summarized as follows: At March 31, 2016 Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In millions) Common stock $ 5.1 $ — $ (1.3 ) $ 3.8 The Company’s available-for-sale securities as of December 31, 2015 can be summarized as follows: At December 31, 2015 Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In millions) Common stock $ 5.1 $ — $ (2.9 ) $ 2.2 There is no maturity date for these investments and there have been no sales

Stockholders' Equity (Deficit),

Stockholders' Equity (Deficit), Accumulated Other Comprehensive Income (Loss) and Redeemable Noncontrolling Interest	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Stockholders' Equity (Deficit), Accumulated Other Comprehensive Income (Loss) and Redeemable Noncontrolling Interest	NOTE 10: STOCKHOLDERS’ EQUITY (DEFICIT), ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) AND REDEEMABLE NONCONTROLLING INTEREST The following table details changes in these accounts: Ryerson Holding Corporation Stockholders Accumulated Other Comprehensive Income (Loss) Common Stock Treasury Stock Capital in Excess of Par Accumulated Deficit Foreign Currency Translation Benefit Plan Liabilities Available-For-Sale Investments Noncontrolling Interest Total Equity Redeemable Noncontrolling Interest Shares Dollars Shares Dollars Dollars Dollars Dollars Dollars Dollars Dollars Dollars Dollars (In millions, except shares in thousands) Balance at January 1, 2016 32,312 $ 0.3 213 $ (6.6 ) $ 302.6 $ (130.9 ) $ (53.8 ) $ (252.5 ) $ (0.7 ) $ 0.7 $ (140.9 ) $ 0.1 Net income (loss) — — — — — 13.5 — — — 0.2 13.7 (0.2 ) Foreign currency translation — — — — — — 4.2 — — — 4.2 — Gain on intra-entity foreign currency transactions — — — — — — 3.0 — — — 3.0 — Changes in defined benefit pension and other post-retirement benefit plans, net of tax of $0.1 — — — — — — — 0.3 — — 0.3 — Unrealized gain on available-for-sale investment, net of tax of $0.6 — — — — — — — — 0.9 — 0.9 — Stock-based compensation expense — — — — 0.2 — — — — — 0.2 — Balance at March 31, 2016 32,312 $ 0.3 213 $ (6.6 ) $ 302.8 $ (117.4 ) $ (46.6 ) $ (252.2 ) $ 0.2 $ 0.9 $ (118.6 ) $ (0.1 ) The following table details the changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2016: Changes in Accumulated Other Comprehensive Income (Loss) by Component Foreign Currency Translation Benefit Plan Liabilities Available- For-Sale Investments (In millions) Balance at January 1, 2016 $ (53.8 ) $ (252.5 ) $ (0.7 ) Other comprehensive income before reclassifications 7.2 — 0.9 Amounts reclassified from accumulated other comprehensive income — 0.3 — Net current-period other comprehensive income 7.2 0.3 0.9 Balance at March 31, 2016 $ (46.6 ) $ (252.2 ) $ 0.2 The following table details the reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2016 and 2015: Reclassifications Out of Accumulated Other Comprehensive Income (Loss) Amounts reclassified from Accumulated Other Comprehensive Income (Loss) Three Months Ended Affected line item in the Condensed Details about Accumulated Other March 31, 2016 March 31, 2015 Consolidated Statements of Comprehensive Income (Loss) Components (In millions) Comprehensive Income Other-than-temporary impairment Other-than-temporary impairment charge $ — $ 12.3 Other income and (expense) net Tax benefit — (4.7 ) Net of tax $ — $ 7.6 Amortization of defined benefit pension and other post-retirement benefit plan items Actuarial loss $ 1.1 $ 1.5 Warehousing, delivery, selling, general and administrative Prior service credit (0.7 ) (0.6 ) Warehousing, delivery, selling, general and administrative Total before tax 0.4 0.9 Tax provision 0.1 0.3 Net of tax $ 0.3 $ 0.6

Related Parties

Related Parties	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Parties	NOTE 11: RELATED PARTIES JT Ryerson, one of our subsidiaries, was party to a corporate advisory services agreement with Platinum Advisors, an affiliate of Platinum, pursuant to which Platinum Advisors provided JT Ryerson certain business, management, administrative and financial advice. On July 23, 2014, JT Ryerson’s Board of Directors approved the termination of this services agreement contingent on the closing of the initial public offering of Ryerson Holding common stock, which occurred on August 13, 2014. As consideration for terminating the advisory fee services agreement, Platinum Advisors and its affiliates were paid $15.0 million in August 2014, with an additional $10.0 million paid in August 2015. The total advisory fee recorded was zero for the three months ended March 31, 2016 and 2015.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 12: INCOME TAXES For the three months ended March 31, 2016, the Company recorded income tax expense from operations of . In accordance with FASB ASC 740, “ Income Taxes this determination, we analyze, among other things, our recent history of earnings, the nature and timing of reversing book-tax temporary differences, tax planning strategies and future income. The Company maintains a valuation allowance on certain foreign and U.S. federal and state deferred tax assets until such time as in management’s judgment, considering all available positive and negative evidence, the Company determines that these deferred tax assets are more likely than not realizable. The valuation allowance is reviewed quarterly and will be maintained until sufficient positive evidence exists to support the reversal of some or all of the valuation allowance. The valuation allowance was $24.3 million and $22.6 million at March 31, 2016 and December 31, 2015, respectively.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 13: EARNINGS PER SHARE Basic earnings (loss) per share attributable to Ryerson Holding’s common stock is determined based on earnings (loss) for the period divided by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share attributable to Ryerson Holding’s common stock considers the effect of potential common shares, unless inclusion of the potential common shares would have an antidilutive effect. Potentially dilutive securities whose effect would have been antidilutive were not significant for the three months ended March 31, 2016 and 2015. The following table sets forth the calculation of basic and diluted earnings (loss) per share: Three Months Ended March 31, Basic and diluted earnings (loss) per share 2016 2015 (In millions, except share and per share data) Numerator: Net income (loss) attributable to Ryerson Holding Corporation $ 13.5 $ (2.5 ) Denominator: Weighted average shares outstanding 32,099,700 32,037,500 Dilutive effect of stock-based awards — — Weighted average shares outstanding adjusted for dilutive securities 32,099,700 32,037,500 Earnings (loss) per share Basic $ 0.42 $ (0.08 ) Diluted $ 0.42 $ (0.08 )

Condensed Consolidating Guarant

Condensed Consolidating Guarantor Financial Statements	3 Months Ended
	Mar. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Condensed Consolidating Guarantor Financial Statements	NOTE 14: CONDENSED CONSOLIDATING GUARANTOR FINANCIAL STATEMENTS On October 10, 2012, JT Ryerson issued the 2017 and 2018 Notes. The 2017 Notes are fully and unconditionally guaranteed on a senior secured basis and the 2018 Notes are fully and unconditionally guaranteed on a senior unsecured basis by all of our existing and future domestic subsidiaries that are co-borrowers or guarantee obligations under the Ryerson Credit Facility. On December 30, 2014, Ryerson Holding entered into agreements with JT Ryerson, as issuer, Wells Fargo Bank, as trustee, and each of the guarantors party to the 2017 and 2018 Notes, whereby Ryerson Holding provided unconditional guarantees of the 2017 and 2018 Notes, jointly and severally with the other guarantors of the 2017 and 2018 Notes. Each guarantor of the 2017 and 2018 Notes is 100% owned by Ryerson Holding and the guarantees are joint and several. JT Ryerson may only pay dividends to Ryerson Holding to the extent of 50% of future net income, once prior losses are offset. Presented below is the condensed consolidating financial information of Ryerson Holding and its subsidiaries as of March 31, 2016 and December 31, 2015 and for the three months ended March 31, 2016 and 2015. RYERSON HOLDING CORPORATION CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) THREE MONTHS ENDED MARCH 31, 2016 (In millions) Parent Joseph T. Ryerson Guarantor Non- guarantor Eliminations Consolidated Net sales $ — $ 601.2 $ 465.3 $ 89.3 $ (453.2 ) $ 702.6 Cost of materials sold — 477.6 456.5 74.1 (453.2 ) 555.0 Gross profit — 123.6 8.8 15.2 — 147.6 Warehousing, delivery, selling, general and administrative 0.1 91.0 5.3 12.9 — 109.3 Operating profit (loss) (0.1 ) 32.6 3.5 2.3 — 38.3 Other income and (expense), net — 8.2 — (2.9 ) — 5.3 Interest and other expense on debt — (21.5 ) — (0.5 ) — (22.0 ) Intercompany transactions: Interest expense on intercompany loans — (2.1 ) — (0.9 ) 3.0 — Interest income on intercompany loans — — 3.0 — (3.0 ) — Income (loss) before income taxes (0.1 ) 17.2 6.5 (2.0 ) — 21.6 Provision (benefit) for income taxes (0.1 ) 5.0 3.3 (0.1 ) — 8.1 Equity in (earnings) loss of subsidiaries (13.5 ) (1.3 ) 1.7 — 13.1 — Net income (loss) 13.5 13.5 1.5 (1.9 ) (13.1 ) 13.5 Less: Net income (loss) attributable to noncontrolling interest — — — — — — Net income (loss) attributable to Ryerson Holding Corporation $ 13.5 $ 13.5 $ 1.5 $ (1.9 ) $ (13.1 ) $ 13.5 Comprehensive income $ 21.9 $ 22.0 $ 2.4 $ 2.6 $ (27.0 ) $ 21.9 Less: Comprehensive income (loss) attributable to noncontrolling interest — — — — — — Comprehensive income attributable to Ryerson Holding Corporation $ 21.9 $ 22.0 $ 2.4 $ 2.6 $ (27.0 ) $ 21.9 RYERSON HOLDING CORPORATION CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) THREE MONTHS ENDED MARCH 31, 2015 (In millions) Parent Joseph T. Ryerson Guarantor Non- guarantor Eliminations Consolidated Net sales $ — $ 738.1 $ 531.4 $ 102.2 $ (503.7 ) $ 868.0 Cost of materials sold — 615.5 518.5 87.7 (503.7 ) 718.0 Gross profit — 122.6 12.9 14.5 — 150.0 Warehousing, delivery, selling, general and administrative 0.1 93.8 7.7 14.8 — 116.4 Operating profit (loss) (0.1 ) 28.8 5.2 (0.3 ) — 33.6 Other income and (expense), net — (0.5 ) (12.3 ) 1.5 — (11.3 ) Interest and other expense on debt — (24.5 ) — (0.8 ) — (25.3 ) Intercompany transactions: Interest expense on intercompany loans — (0.9 ) — (1.0 ) 1.9 — Interest income on intercompany loans — — 1.9 — (1.9 ) — Income (loss) before income taxes (0.1 ) 2.9 (5.2 ) (0.6 ) — (3.0 ) Provision (benefit) for income taxes — 2.2 (3.1 ) 0.7 — (0.2 ) Equity in loss of subsidiaries 2.4 3.1 0.8 — (6.3 ) — Net loss (2.5 ) (2.4 ) (2.9 ) (1.3 ) 6.3 (2.8 ) Less: Net loss attributable to noncontrolling interest — — — (0.3 ) — (0.3 ) Net loss attributable to Ryerson Holding Corporation $ (2.5 ) $ (2.4 ) $ (2.9 ) $ (1.0 ) $ 6.3 $ (2.5 ) Comprehensive income (loss) $ (8.8 ) $ (8.8 ) $ 0.9 $ (7.4 ) $ 15.0 $ (9.1 ) Less: Comprehensive loss attributable to noncontrolling interest — — — (0.3 ) — (0.3 ) Comprehensive income (loss) attributable to Ryerson Holding Corporation $ (8.8 ) $ (8.8 ) $ 0.9 $ (7.1 ) $ 15.0 $ (8.8 ) RYERSON HOLDING CORPORATION CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) THREE MONTHS ENDED MARCH 31, 2016 (In millions) Parent Joseph T. Ryerson Guarantor Non- guarantor Eliminations Consolidated OPERATING ACTIVITIES: Net income (loss) $ 13.5 $ 13.5 $ 1.5 $ (1.9 ) $ (13.1 ) $ 13.5 Non-cash (income) expenses (0.6 ) 7.2 4.9 0.6 — 12.1 Equity in (earnings) loss of subsidiaries (13.5 ) (1.3 ) 1.7 — 13.1 — Changes in working capital 0.6 3.4 11.1 6.3 — 21.4 Net adjustments (13.5 ) 9.3 17.7 6.9 13.1 33.5 Net cash provided by operating activities — 22.8 19.2 5.0 — 47.0 INVESTING ACTIVITIES: Capital expenditures — (5.2 ) — (0.2 ) — (5.4 ) Loan to related companies — — (24.6 ) — 24.6 — Other investing activities — (0.1 ) — 0.2 0.2 0.3 Net cash used in investing activities — (5.3 ) (24.6 ) — 24.8 (5.1 ) FINANCING ACTIVITIES: Repayment of debt — (16.9 ) — — — (16.9 ) Net repayments of short-term borrowings — (22.3 ) — (1.2 ) — (23.5 ) Proceeds from intercompany borrowings — 24.6 — — (24.6 ) — Other financing activities — (2.1 ) 5.2 0.2 (0.2 ) 3.1 Net cash provided by (used in) financing activities — (16.7 ) 5.2 (1.0 ) (24.8 ) (37.3 ) Net increase (decrease) in cash and cash equivalents — 0.8 (0.2 ) 4.0 — 4.6 Effect of exchange rates on cash and cash equivalents — — — 2.7 — 2.7 Net change in cash and cash equivalents — 0.8 (0.2 ) 6.7 — 7.3 Beginning cash and cash equivalents — 5.2 0.4 57.6 — 63.2 Ending cash and cash equivalents $ — $ 6.0 $ 0.2 $ 64.3 $ — $ 70.5 RYERSON HOLDING CORPORATION CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) THREE MONTHS ENDED MARCH 31, 2015 (In millions) Parent Joseph T. Ryerson Guarantor Non- guarantor Eliminations Consolidated OPERATING ACTIVITIES: Net loss $ (2.5 ) $ (2.4 ) $ (2.9 ) $ (1.3 ) $ 6.3 $ (2.8 ) Non-cash expenses — 12.0 9.9 2.3 — 24.2 Equity in loss of subsidiaries 2.4 3.1 0.8 — (6.3 ) — Changes in working capital 0.1 50.5 26.3 3.3 — 80.2 Net adjustments 2.5 65.6 37.0 5.6 (6.3 ) 104.4 Net cash provided by operating activities — 63.2 34.1 4.3 — 101.6 INVESTING ACTIVITIES: Capital expenditures — (4.9 ) (0.3 ) (0.5 ) — (5.7 ) Loan repayment from related companies — — 8.4 — (8.4 ) — Other investing activities — — — 0.1 — 0.1 Net cash provided by (used in) investing activities — (4.9 ) 8.1 (0.4 ) (8.4 ) (5.6 ) FINANCING ACTIVITIES: Repayment of debt — (30.3 ) — — — (30.3 ) Net proceeds/(repayments) of short-term borrowings — (27.9 ) — 1.0 — (26.9 ) Repayment of intercompany borrowings — (8.4 ) — — 8.4 — Net increase (decrease) in book overdrafts — 16.0 (41.1 ) — — (25.1 ) Other financing activities — (0.4 ) — — — (0.4 ) Net cash provided by (used in) financing activities — (51.0 ) (41.1 ) 1.0 8.4 (82.7 ) Net increase in cash and cash equivalents — 7.3 1.1 4.9 — 13.3 Effect of exchange rates on cash and cash equivalents — — — (2.5 ) — (2.5 ) Net change in cash and cash equivalents — 7.3 1.1 2.4 — 10.8 Beginning cash and cash equivalents 11.1 4.6 0.7 43.6 — 60.0 Ending cash and cash equivalents $ 11.1 $ 11.9 $ 1.8 $ 46.0 $ — $ 70.8 RYERSON HOLDING CORPORATION CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) MARCH 31, 2016 (In millions) Parent Joseph T. Ryerson Guarantor Non- guarantor Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 6.0 $ 0.2 $ 64.3 $ — $ 70.5 Receivables less provision for allowances, claims and doubtful accounts — 264.9 6.7 71.4 — 343.0 Inventories — 501.2 10.8 59.1 — 571.1 Intercompany receivable — — 160.4 — (160.4 ) — Other current assets — 15.8 3.9 10.5 — 30.2 Total current assets — 787.9 182.0 205.3 (160.4 ) 1,014.8 Investments in subsidiaries — 469.0 285.5 — (754.5 ) — Intercompany notes receivable — — 325.7 — (325.7 ) — Property, plant and equipment net of accumulated depreciation — 367.7 3.1 27.0 — 397.8 Deferred charges — 4.2 — 1.0 — 5.2 Other noncurrent assets 30.0 90.4 57.1 4.5 (17.0 ) 165.0 Total assets $ 30.0 $ 1,719.2 $ 853.4 $ 237.8 $ (1,257.6 ) $ 1,582.8 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable $ — $ 56.6 $ 174.3 $ 35.0 $ — $ 265.9 Intercompany payable 0.8 136.6 — 23.0 (160.4 ) — Salaries, wages, and commissions — 30.1 0.1 0.7 — 30.9 Short-term debt — — — 20.8 — 20.8 Other current liabilities — 62.7 0.6 8.9 — 72.2 Total current liabilities 0.8 286.0 175.0 88.4 (160.4 ) 389.8 Dividends in excess of investment in subsidiaries 148.7 — — — (148.7 ) — Long-term debt — 955.8 — — — 955.8 Long-term debt – intercompany — 279.9 — 45.8 (325.7 ) — Deferred employee benefits — 300.9 — 20.0 — 320.9 Other noncurrent liabilities — 45.3 2.6 4.1 (17.0 ) 35.0 Total liabilities 149.5 1,867.9 177.6 158.3 (651.8 ) 1,701.5 Redeemable noncontrolling interest — — — (0.1 ) — (0.1 ) Ryerson Holding Corporation stockholders’ equity (119.5 ) (148.7 ) 675.8 78.7 (605.8 ) (119.5 ) Noncontrolling interest — — — 0.9 — 0.9 Total liabilities and equity $ 30.0 $ 1,719.2 $ 853.4 $ 237.8 $ (1,257.6 ) $ 1,582.8 RYERSON HOLDING CORPORATION CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2015 (In millions) Parent Joseph T. Ryerson Guarantor Non-guarantor Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 5.2 $ 0.4 $ 57.6 $ — $ 63.2 Receivables less provision for allowances, claims and doubtful accounts — 228.7 6.6 70.4 — 305.7 Inventories — 488.2 13.5 54.1 — 555.8 Intercompany receivable — — 132.7 — (132.7 ) — Other current assets — 17.0 2.3 12.2 2.5 34.0 Total current assets — 739.1 155.5 194.3 (130.2 ) 958.7 Investments in subsidiaries — 462.0 287.4 0.1 (749.5 ) — Intercompany notes receivable — — 301.0 — (301.0 ) — Property, plant and equipment net of accumulated depreciation — 370.3 3.7 26.3 — 400.3 Deferred charges — 3.9 — 1.1 — 5.0 Other noncurrent assets 29.9 91.5 60.1 4.1 (4.4 ) 181.2 Total assets $ 29.9 $ 1,666.8 $ 807.7 $ 225.9 $ (1,185.1 ) $ 1,545.2 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable $ — $ 45.0 $ 132.4 $ 28.9 $ — $ 206.3 Intercompany payable — 111.8 — 20.9 (132.7 ) — Salaries, wages, and commissions — 24.8 0.5 1.0 — 26.3 Short-term debt — — — 22.0 — 22.0 Other current liabilities 0.6 48.0 0.6 9.8 2.1 61.1 Total current liabilities 0.6 229.6 133.5 82.6 (130.6 ) 315.7 Dividends in excess of investment in subsidiaries 170.9 — — — (170.9 ) — Long-term debt — 1,001.5 — — — 1,001.5 Long-term debt – intercompany — 258.1 — 42.9 (301.0 ) — Deferred employee benefits — 308.2 — 19.5 — 327.7 Other noncurrent liabilities — 40.3 0.7 4.1 (4.0 ) 41.1 Total liabilities 171.5 1,837.7 134.2 149.1 (606.5 ) 1,686.0 Redeemable noncontrolling interest — — — 0.1 — 0.1 Ryerson Holding Corporation stockholders’ equity (141.6 ) (170.9 ) 673.5 76.0 (578.6 ) (141.6 ) Noncontrolling interest — — — 0.7 — 0.7 Total liabilities and equity $ 29.9 $ 1,666.8 $ 807.7 $ 225.9 $ (1,185.1 ) $ 1,545.2

Financial Statements (Tables)

Financial Statements (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Percentage of Sales by Major Product Lines	The following table shows our percentage of sales by major product lines for the three months ended March 31, 2016 and 2015, respectively: Three Months Ended March 31, Product Line 2016 2015 Carbon Steel Flat 25 % 23 % Carbon Steel Plate 10 11 Carbon Steel Long 16 17 Stainless Steel Flat 16 16 Stainless Steel Plate 4 4 Stainless Steel Long 3 4 Aluminum Flat 16 16 Aluminum Plate 3 3 Aluminum Long 5 4 Other 2 2 Total 100 % 100 %

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories, at stated LIFO value, were classified at March 31, 2016 and December 31, 2015 as follows: March 31, December 31, 2016 2015 (In millions) In process and finished products $ 571.1 $ 555.8

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Long-Term Debt	Long-term debt consisted of the following at March 31, 2016 and December 31, 2015: March 31, December 31, 2016 2015 (In millions) Ryerson Credit Facility $ 249.9 $ 272.2 9% Senior Secured Notes due 2017 569.9 569.9 11.25% Senior Notes due 2018 145.3 170.4 Foreign debt 20.8 22.0 Unamortized debt issuance costs (9.3 ) (11.0 ) Total debt 976.6 1,023.5 Less: Short-term foreign debt 20.8 22.0 Total long-term debt $ 955.8 $ 1,001.5

Employee Benefits (Tables)

Employee Benefits (Tables)	3 Months Ended
	Mar. 31, 2016
Compensation And Retirement Disclosure [Abstract]
Components of Net Periodic Benefit Cost	The following table summarizes the components of net periodic benefit cost for the three months ended March 31, 2016 and 2015 for the Ryerson pension plans and postretirement benefits other than pension: Three Months Ended March 31, Pension Benefits Other Benefits 2016 2015 2016 2015 (In millions) Components of net periodic benefit (credit) cost Service cost $ — $ 1 $ — $ — Interest cost 7 9 1 1 Expected return on assets (11 ) (12 ) — — Recognized actuarial (gain) loss 3 3 (2 ) (2 ) Amortization of prior service credit — — (1 ) (1 ) Net periodic benefit (credit) cost $ (1 ) $ 1 $ (2 ) $ (2 )

Derivatives and Fair Value Me24

Derivatives and Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Investments All Other Investments [Abstract]
Location and Fair Value Amount of Derivative Instruments	The following table summarizes the location and fair value amount of our derivative instruments reported in our Condensed Consolidated Balance Sheets as of March 31, 2016 and December 31, 2015: Asset Derivatives Liability Derivatives March 31, 2016 December 31, 2015 March 31, 2016 December 31, 2015 Balance Balance Balance Balance Sheet Fair Sheet Fair Sheet Fair Sheet Fair Location Value Location Value Location Value Location Value (In millions) Derivatives not designated as hedging instruments under ASC 815 Foreign exchange contracts Prepaid and other current assets $ — Prepaid and other current assets $ 0.1 Other accrued liabilities $ 0.1 Other accrued liabilities $ — Commodity contracts Prepaid and other current assets 1.5 Prepaid and other current assets — Other accrued liabilities 1.8 Other accrued liabilities 3.5 Total derivatives $ 1.5 $ 0.1 $ 1.9 $ 3.5
Location and Amount of Gains and Losses Reported in Condensed Consolidated Statements of Comprehensive Income	The following table summarizes the location and amount of gains and losses reported in our Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2016 and 2015: Derivatives Location of Gain/(Loss) Amount of Gain/(Loss) Recognized in Income on Derivatives hedging instruments under Recognized in Income on Three Months Ended March 31, ASC 815 Derivatives 2016 2015 (In millions) Foreign exchange contracts Other income and (expense), net $ (0.2 ) $ 0.1 Commodity contracts Cost of materials sold 2.2 (3.8 ) Diesel fuel hedges Warehousing, delivery, selling, general and administrative — (0.1 ) Total $ 2.0 $ (3.8 )
Assets and Liabilities Measured and Recorded at Fair Value	The following table presents assets and liabilities measured and recorded at fair value on our Condensed Consolidated Balance Sheet on a recurring basis and their level within the fair value hierarchy as of March 31, 2016: At March 31, 2016 Level 1 Level 2 Level 3 (In millions) Assets Prepaid and other current assets: Common stock—available-for-sale investment $ 3.8 $ — $ — Mark-to-market derivatives: Commodity contracts $ — $ 1.5 $ — Liabilities Mark-to-market derivatives: Foreign exchange contracts $ — $ 0.1 $ — Commodity contracts — 1.8 — Total liability derivatives $ — $ 1.9 $ — The following table presents assets and liabilities measured and recorded at fair value on our Condensed Consolidated Balance Sheet on a recurring basis and their level within the fair value hierarchy as of December 31, 2015: At December 31, 2015 Level 1 Level 2 Level 3 (In millions) Assets Prepaid and other current assets: Common stock – available-for-sale investment $ 2.2 $ — $ — Mark-to-market derivatives: Foreign exchange contracts $ — $ 0.1 $ — Liabilities Mark-to-market derivatives: Commodity contracts $ — $ 3.5 $ —
Carrying and Estimated Fair Values of Financial Instruments	The carrying and estimated fair values of the Company’s financial instruments at March 31, 2016 and December 31, 2015 were as follows: At March 31, 2016 At December 31, 2015 Carrying Amount Fair Value Carrying Amount Fair Value (In millions) Cash and cash equivalents $ 70.5 $ 70.5 $ 63.2 $ 63.2 Restricted cash 2.1 2.1 1.2 1.2 Receivables less provision for allowances, claims and doubtful accounts 343.0 343.0 305.7 305.7 Accounts payable 265.9 265.9 206.3 206.3 Long-term debt, including current portion 976.6 848.9 1,023.5 855.3
Assets and Liabilities Measured and Recorded at Fair Value on Non-Recurring Basis	The following table presents those assets that were measured at fair value on our Condensed Consolidated Balance Sheet on a non-recurring basis and their level within the fair value hierarchy at March 31, 2016: At March 31, 2016 Level 1 Level 2 Level 3 (In millions) Assets Prepaid expenses and other current assets – assets held for sale $ — $ 3.1 $ — The following table presents those assets that were measured and recorded at fair value on our Condensed Consolidated Balance Sheet on a non-recurring basis and their level within the fair value hierarchy at December 31, 2015: At December 31, 2015 Level 1 Level 2 Level 3 (In millions) Assets Prepaid expenses and other current assets – assets held for sale $ — $ 4.2 $ —
Available-for-sale Securities	The Company’s available-for-sale securities as of March 31, 2016 can be summarized as follows: At March 31, 2016 Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In millions) Common stock $ 5.1 $ — $ (1.3 ) $ 3.8 The Company’s available-for-sale securities as of December 31, 2015 can be summarized as follows: At December 31, 2015 Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In millions) Common stock $ 5.1 $ — $ (2.9 ) $ 2.2

Stockholders' Equity (Deficit25

Stockholders' Equity (Deficit), Accumulated Other Comprehensive Income (Loss) and Redeemable Noncontrolling Interest (Tables)	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Change in Stockholders' Equity (Deficit), Accumulated Other Comprehensive Income (Loss) and Redeemable Noncontrolling Interest	The following table details changes in these accounts: Ryerson Holding Corporation Stockholders Accumulated Other Comprehensive Income (Loss) Common Stock Treasury Stock Capital in Excess of Par Accumulated Deficit Foreign Currency Translation Benefit Plan Liabilities Available-For-Sale Investments Noncontrolling Interest Total Equity Redeemable Noncontrolling Interest Shares Dollars Shares Dollars Dollars Dollars Dollars Dollars Dollars Dollars Dollars Dollars (In millions, except shares in thousands) Balance at January 1, 2016 32,312 $ 0.3 213 $ (6.6 ) $ 302.6 $ (130.9 ) $ (53.8 ) $ (252.5 ) $ (0.7 ) $ 0.7 $ (140.9 ) $ 0.1 Net income (loss) — — — — — 13.5 — — — 0.2 13.7 (0.2 ) Foreign currency translation — — — — — — 4.2 — — — 4.2 — Gain on intra-entity foreign currency transactions — — — — — — 3.0 — — — 3.0 — Changes in defined benefit pension and other post-retirement benefit plans, net of tax of $0.1 — — — — — — — 0.3 — — 0.3 — Unrealized gain on available-for-sale investment, net of tax of $0.6 — — — — — — — — 0.9 — 0.9 — Stock-based compensation expense — — — — 0.2 — — — — — 0.2 — Balance at March 31, 2016 32,312 $ 0.3 213 $ (6.6 ) $ 302.8 $ (117.4 ) $ (46.6 ) $ (252.2 ) $ 0.2 $ 0.9 $ (118.6 ) $ (0.1 )
Changes in Accumulated Other Comprehensive Income/(Loss) by Component	The following table details the changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2016: Changes in Accumulated Other Comprehensive Income (Loss) by Component Foreign Currency Translation Benefit Plan Liabilities Available- For-Sale Investments (In millions) Balance at January 1, 2016 $ (53.8 ) $ (252.5 ) $ (0.7 ) Other comprehensive income before reclassifications 7.2 — 0.9 Amounts reclassified from accumulated other comprehensive income — 0.3 — Net current-period other comprehensive income 7.2 0.3 0.9 Balance at March 31, 2016 $ (46.6 ) $ (252.2 ) $ 0.2
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)	The following table details the reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2016 and 2015: Reclassifications Out of Accumulated Other Comprehensive Income (Loss) Amounts reclassified from Accumulated Other Comprehensive Income (Loss) Three Months Ended Affected line item in the Condensed Details about Accumulated Other March 31, 2016 March 31, 2015 Consolidated Statements of Comprehensive Income (Loss) Components (In millions) Comprehensive Income Other-than-temporary impairment Other-than-temporary impairment charge $ — $ 12.3 Other income and (expense) net Tax benefit — (4.7 ) Net of tax $ — $ 7.6 Amortization of defined benefit pension and other post-retirement benefit plan items Actuarial loss $ 1.1 $ 1.5 Warehousing, delivery, selling, general and administrative Prior service credit (0.7 ) (0.6 ) Warehousing, delivery, selling, general and administrative Total before tax 0.4 0.9 Tax provision 0.1 0.3 Net of tax $ 0.3 $ 0.6

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Earnings (Loss) Per Share	The following table sets forth the calculation of basic and diluted earnings (loss) per share: Three Months Ended March 31, Basic and diluted earnings (loss) per share 2016 2015 (In millions, except share and per share data) Numerator: Net income (loss) attributable to Ryerson Holding Corporation $ 13.5 $ (2.5 ) Denominator: Weighted average shares outstanding 32,099,700 32,037,500 Dilutive effect of stock-based awards — — Weighted average shares outstanding adjusted for dilutive securities 32,099,700 32,037,500 Earnings (loss) per share Basic $ 0.42 $ (0.08 ) Diluted $ 0.42 $ (0.08 )

Condensed Consolidating Guara27

Condensed Consolidating Guarantor Financial Statements (Tables)	3 Months Ended
	Mar. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Condensed Consolidating Statement of Comprehensive Income (Unaudited)	RYERSON HOLDING CORPORATION CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) THREE MONTHS ENDED MARCH 31, 2016 (In millions) Parent Joseph T. Ryerson Guarantor Non- guarantor Eliminations Consolidated Net sales $ — $ 601.2 $ 465.3 $ 89.3 $ (453.2 ) $ 702.6 Cost of materials sold — 477.6 456.5 74.1 (453.2 ) 555.0 Gross profit — 123.6 8.8 15.2 — 147.6 Warehousing, delivery, selling, general and administrative 0.1 91.0 5.3 12.9 — 109.3 Operating profit (loss) (0.1 ) 32.6 3.5 2.3 — 38.3 Other income and (expense), net — 8.2 — (2.9 ) — 5.3 Interest and other expense on debt — (21.5 ) — (0.5 ) — (22.0 ) Intercompany transactions: Interest expense on intercompany loans — (2.1 ) — (0.9 ) 3.0 — Interest income on intercompany loans — — 3.0 — (3.0 ) — Income (loss) before income taxes (0.1 ) 17.2 6.5 (2.0 ) — 21.6 Provision (benefit) for income taxes (0.1 ) 5.0 3.3 (0.1 ) — 8.1 Equity in (earnings) loss of subsidiaries (13.5 ) (1.3 ) 1.7 — 13.1 — Net income (loss) 13.5 13.5 1.5 (1.9 ) (13.1 ) 13.5 Less: Net income (loss) attributable to noncontrolling interest — — — — — — Net income (loss) attributable to Ryerson Holding Corporation $ 13.5 $ 13.5 $ 1.5 $ (1.9 ) $ (13.1 ) $ 13.5 Comprehensive income $ 21.9 $ 22.0 $ 2.4 $ 2.6 $ (27.0 ) $ 21.9 Less: Comprehensive income (loss) attributable to noncontrolling interest — — — — — — Comprehensive income attributable to Ryerson Holding Corporation $ 21.9 $ 22.0 $ 2.4 $ 2.6 $ (27.0 ) $ 21.9 RYERSON HOLDING CORPORATION CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) THREE MONTHS ENDED MARCH 31, 2015 (In millions) Parent Joseph T. Ryerson Guarantor Non- guarantor Eliminations Consolidated Net sales $ — $ 738.1 $ 531.4 $ 102.2 $ (503.7 ) $ 868.0 Cost of materials sold — 615.5 518.5 87.7 (503.7 ) 718.0 Gross profit — 122.6 12.9 14.5 — 150.0 Warehousing, delivery, selling, general and administrative 0.1 93.8 7.7 14.8 — 116.4 Operating profit (loss) (0.1 ) 28.8 5.2 (0.3 ) — 33.6 Other income and (expense), net — (0.5 ) (12.3 ) 1.5 — (11.3 ) Interest and other expense on debt — (24.5 ) — (0.8 ) — (25.3 ) Intercompany transactions: Interest expense on intercompany loans — (0.9 ) — (1.0 ) 1.9 — Interest income on intercompany loans — — 1.9 — (1.9 ) — Income (loss) before income taxes (0.1 ) 2.9 (5.2 ) (0.6 ) — (3.0 ) Provision (benefit) for income taxes — 2.2 (3.1 ) 0.7 — (0.2 ) Equity in loss of subsidiaries 2.4 3.1 0.8 — (6.3 ) — Net loss (2.5 ) (2.4 ) (2.9 ) (1.3 ) 6.3 (2.8 ) Less: Net loss attributable to noncontrolling interest — — — (0.3 ) — (0.3 ) Net loss attributable to Ryerson Holding Corporation $ (2.5 ) $ (2.4 ) $ (2.9 ) $ (1.0 ) $ 6.3 $ (2.5 ) Comprehensive income (loss) $ (8.8 ) $ (8.8 ) $ 0.9 $ (7.4 ) $ 15.0 $ (9.1 ) Less: Comprehensive loss attributable to noncontrolling interest — — — (0.3 ) — (0.3 ) Comprehensive income (loss) attributable to Ryerson Holding Corporation $ (8.8 ) $ (8.8 ) $ 0.9 $ (7.1 ) $ 15.0 $ (8.8 )
Condensed Consolidating Statement of Cash Flows (Unaudited)	RYERSON HOLDING CORPORATION CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) THREE MONTHS ENDED MARCH 31, 2016 (In millions) Parent Joseph T. Ryerson Guarantor Non- guarantor Eliminations Consolidated OPERATING ACTIVITIES: Net income (loss) $ 13.5 $ 13.5 $ 1.5 $ (1.9 ) $ (13.1 ) $ 13.5 Non-cash (income) expenses (0.6 ) 7.2 4.9 0.6 — 12.1 Equity in (earnings) loss of subsidiaries (13.5 ) (1.3 ) 1.7 — 13.1 — Changes in working capital 0.6 3.4 11.1 6.3 — 21.4 Net adjustments (13.5 ) 9.3 17.7 6.9 13.1 33.5 Net cash provided by operating activities — 22.8 19.2 5.0 — 47.0 INVESTING ACTIVITIES: Capital expenditures — (5.2 ) — (0.2 ) — (5.4 ) Loan to related companies — — (24.6 ) — 24.6 — Other investing activities — (0.1 ) — 0.2 0.2 0.3 Net cash used in investing activities — (5.3 ) (24.6 ) — 24.8 (5.1 ) FINANCING ACTIVITIES: Repayment of debt — (16.9 ) — — — (16.9 ) Net repayments of short-term borrowings — (22.3 ) — (1.2 ) — (23.5 ) Proceeds from intercompany borrowings — 24.6 — — (24.6 ) — Other financing activities — (2.1 ) 5.2 0.2 (0.2 ) 3.1 Net cash provided by (used in) financing activities — (16.7 ) 5.2 (1.0 ) (24.8 ) (37.3 ) Net increase (decrease) in cash and cash equivalents — 0.8 (0.2 ) 4.0 — 4.6 Effect of exchange rates on cash and cash equivalents — — — 2.7 — 2.7 Net change in cash and cash equivalents — 0.8 (0.2 ) 6.7 — 7.3 Beginning cash and cash equivalents — 5.2 0.4 57.6 — 63.2 Ending cash and cash equivalents $ — $ 6.0 $ 0.2 $ 64.3 $ — $ 70.5 RYERSON HOLDING CORPORATION CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) THREE MONTHS ENDED MARCH 31, 2015 (In millions) Parent Joseph T. Ryerson Guarantor Non- guarantor Eliminations Consolidated OPERATING ACTIVITIES: Net loss $ (2.5 ) $ (2.4 ) $ (2.9 ) $ (1.3 ) $ 6.3 $ (2.8 ) Non-cash expenses — 12.0 9.9 2.3 — 24.2 Equity in loss of subsidiaries 2.4 3.1 0.8 — (6.3 ) — Changes in working capital 0.1 50.5 26.3 3.3 — 80.2 Net adjustments 2.5 65.6 37.0 5.6 (6.3 ) 104.4 Net cash provided by operating activities — 63.2 34.1 4.3 — 101.6 INVESTING ACTIVITIES: Capital expenditures — (4.9 ) (0.3 ) (0.5 ) — (5.7 ) Loan repayment from related companies — — 8.4 — (8.4 ) — Other investing activities — — — 0.1 — 0.1 Net cash provided by (used in) investing activities — (4.9 ) 8.1 (0.4 ) (8.4 ) (5.6 ) FINANCING ACTIVITIES: Repayment of debt — (30.3 ) — — — (30.3 ) Net proceeds/(repayments) of short-term borrowings — (27.9 ) — 1.0 — (26.9 ) Repayment of intercompany borrowings — (8.4 ) — — 8.4 — Net increase (decrease) in book overdrafts — 16.0 (41.1 ) — — (25.1 ) Other financing activities — (0.4 ) — — — (0.4 ) Net cash provided by (used in) financing activities — (51.0 ) (41.1 ) 1.0 8.4 (82.7 ) Net increase in cash and cash equivalents — 7.3 1.1 4.9 — 13.3 Effect of exchange rates on cash and cash equivalents — — — (2.5 ) — (2.5 ) Net change in cash and cash equivalents — 7.3 1.1 2.4 — 10.8 Beginning cash and cash equivalents 11.1 4.6 0.7 43.6 — 60.0 Ending cash and cash equivalents $ 11.1 $ 11.9 $ 1.8 $ 46.0 $ — $ 70.8
Condensed Consolidating Balance Sheet	RYERSON HOLDING CORPORATION CONDENSED CONSOLIDATING BALANCE SHEET (UNAUDITED) MARCH 31, 2016 (In millions) Parent Joseph T. Ryerson Guarantor Non- guarantor Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 6.0 $ 0.2 $ 64.3 $ — $ 70.5 Receivables less provision for allowances, claims and doubtful accounts — 264.9 6.7 71.4 — 343.0 Inventories — 501.2 10.8 59.1 — 571.1 Intercompany receivable — — 160.4 — (160.4 ) — Other current assets — 15.8 3.9 10.5 — 30.2 Total current assets — 787.9 182.0 205.3 (160.4 ) 1,014.8 Investments in subsidiaries — 469.0 285.5 — (754.5 ) — Intercompany notes receivable — — 325.7 — (325.7 ) — Property, plant and equipment net of accumulated depreciation — 367.7 3.1 27.0 — 397.8 Deferred charges — 4.2 — 1.0 — 5.2 Other noncurrent assets 30.0 90.4 57.1 4.5 (17.0 ) 165.0 Total assets $ 30.0 $ 1,719.2 $ 853.4 $ 237.8 $ (1,257.6 ) $ 1,582.8 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable $ — $ 56.6 $ 174.3 $ 35.0 $ — $ 265.9 Intercompany payable 0.8 136.6 — 23.0 (160.4 ) — Salaries, wages, and commissions — 30.1 0.1 0.7 — 30.9 Short-term debt — — — 20.8 — 20.8 Other current liabilities — 62.7 0.6 8.9 — 72.2 Total current liabilities 0.8 286.0 175.0 88.4 (160.4 ) 389.8 Dividends in excess of investment in subsidiaries 148.7 — — — (148.7 ) — Long-term debt — 955.8 — — — 955.8 Long-term debt – intercompany — 279.9 — 45.8 (325.7 ) — Deferred employee benefits — 300.9 — 20.0 — 320.9 Other noncurrent liabilities — 45.3 2.6 4.1 (17.0 ) 35.0 Total liabilities 149.5 1,867.9 177.6 158.3 (651.8 ) 1,701.5 Redeemable noncontrolling interest — — — (0.1 ) — (0.1 ) Ryerson Holding Corporation stockholders’ equity (119.5 ) (148.7 ) 675.8 78.7 (605.8 ) (119.5 ) Noncontrolling interest — — — 0.9 — 0.9 Total liabilities and equity $ 30.0 $ 1,719.2 $ 853.4 $ 237.8 $ (1,257.6 ) $ 1,582.8 RYERSON HOLDING CORPORATION CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2015 (In millions) Parent Joseph T. Ryerson Guarantor Non-guarantor Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 5.2 $ 0.4 $ 57.6 $ — $ 63.2 Receivables less provision for allowances, claims and doubtful accounts — 228.7 6.6 70.4 — 305.7 Inventories — 488.2 13.5 54.1 — 555.8 Intercompany receivable — — 132.7 — (132.7 ) — Other current assets — 17.0 2.3 12.2 2.5 34.0 Total current assets — 739.1 155.5 194.3 (130.2 ) 958.7 Investments in subsidiaries — 462.0 287.4 0.1 (749.5 ) — Intercompany notes receivable — — 301.0 — (301.0 ) — Property, plant and equipment net of accumulated depreciation — 370.3 3.7 26.3 — 400.3 Deferred charges — 3.9 — 1.1 — 5.0 Other noncurrent assets 29.9 91.5 60.1 4.1 (4.4 ) 181.2 Total assets $ 29.9 $ 1,666.8 $ 807.7 $ 225.9 $ (1,185.1 ) $ 1,545.2 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable $ — $ 45.0 $ 132.4 $ 28.9 $ — $ 206.3 Intercompany payable — 111.8 — 20.9 (132.7 ) — Salaries, wages, and commissions — 24.8 0.5 1.0 — 26.3 Short-term debt — — — 22.0 — 22.0 Other current liabilities 0.6 48.0 0.6 9.8 2.1 61.1 Total current liabilities 0.6 229.6 133.5 82.6 (130.6 ) 315.7 Dividends in excess of investment in subsidiaries 170.9 — — — (170.9 ) — Long-term debt — 1,001.5 — — — 1,001.5 Long-term debt – intercompany — 258.1 — 42.9 (301.0 ) — Deferred employee benefits — 308.2 — 19.5 — 327.7 Other noncurrent liabilities — 40.3 0.7 4.1 (4.0 ) 41.1 Total liabilities 171.5 1,837.7 134.2 149.1 (606.5 ) 1,686.0 Redeemable noncontrolling interest — — — 0.1 — 0.1 Ryerson Holding Corporation stockholders’ equity (141.6 ) (170.9 ) 673.5 76.0 (578.6 ) (141.6 ) Noncontrolling interest — — — 0.7 — 0.7 Total liabilities and equity $ 29.9 $ 1,666.8 $ 807.7 $ 225.9 $ (1,185.1 ) $ 1,545.2

Financial Statements - Addition

Financial Statements - Additional Information (Detail)	Mar. 31, 2016shares
Summary Of Accounting And Financial Policies [Line Items]
Parent company shares owned by affiliates	21,037,500
Parent company percentage owned by affiliates	66.00%
Acofran Acos e Metais Ltda [Member]
Summary Of Accounting And Financial Policies [Line Items]
Ownership percentage by parent	50.00%

Financial Statements - Percenta

Financial Statements - Percentage of Sales by Major Product Line (Detail) - Product Concentration Risk - Sales Revenue Product Line	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenue from External Customer [Line Items]
Concentration risk percentage	100.00%	100.00%
Carbon Steel Flat [Member]
Revenue from External Customer [Line Items]
Concentration risk percentage	25.00%	23.00%
Carbon Steel Plate [Member]
Revenue from External Customer [Line Items]
Concentration risk percentage	10.00%	11.00%
Carbon Steel Long [Member]
Revenue from External Customer [Line Items]
Concentration risk percentage	16.00%	17.00%
Stainless Steel Flat [Member]
Revenue from External Customer [Line Items]
Concentration risk percentage	16.00%	16.00%
Stainless Steel Plate [Member]
Revenue from External Customer [Line Items]
Concentration risk percentage	4.00%	4.00%
Stainless Steel Long [Member]
Revenue from External Customer [Line Items]
Concentration risk percentage	3.00%	4.00%
Aluminum Flat [Member]
Revenue from External Customer [Line Items]
Concentration risk percentage	16.00%	16.00%
Aluminum Plate [Member]
Revenue from External Customer [Line Items]
Concentration risk percentage	3.00%	3.00%
Aluminum Long [Member]
Revenue from External Customer [Line Items]
Concentration risk percentage	5.00%	4.00%
Other [Member]
Revenue from External Customer [Line Items]
Concentration risk percentage	2.00%	2.00%

Recent Accounting Pronounceme30

Recent Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Capitalized debt issuance costs	$ 9.3	$ 11

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
In process and finished products	$ 571.1	$ 555.8

Inventories - Additional Inform

Inventories - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Inventory Disclosure [Abstract]
Amount by which current cost used to value inventories is lower than LIFO valued inventories	$ 149,000,000		$ 122,000,000
Inventories accounted under the LIFO method	91.00%		91.00%
Market charge of cost to material sold	$ 11,800,000	$ 0
Lower of cost or market reserve	49,700,000		$ 37,900,000
Consignment inventory	$ 8,300,000		$ 9,900,000

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	Oct. 01, 2015	Mar. 31, 2016	Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill		$ 103,200,000	$ 103,200,000
Impairment charge	$ 0

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - Southern Tool [Member]	3 Months Ended
	Mar. 31, 2016
Business Acquisition [Line Items]
Effective date of acquisition	Aug. 3, 2015
Description of business acquisition	On August 3, 2015, the Company acquired all of the issued and outstanding capital stock of Southern Tool Steel, Inc. (“Southern Tool”). Southern Tool is a distributor of long products, predominantly processed bars and tool steel, and is based in Chattanooga, TN.

Long-Term Debt - Long-Term Debt

Long-Term Debt - Long-Term Debt (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Foreign debt	$ 20.8	$ 22
Unamortized debt issuance costs	(9.3)	(11)
Total debt	976.6	1,023.5
Total long-term debt	955.8	1,001.5
2017 Notes [Member]
Debt Instrument [Line Items]
Senior Notes	569.9	569.9
2018 Notes [Member]
Debt Instrument [Line Items]
Senior Notes	145.3	170.4
Ryerson Credit Facility [Member]
Debt Instrument [Line Items]
Ryerson Credit Facility	$ 249.9	$ 272.2

Long-Term Debt - Ryerson Credit

Long-Term Debt - Ryerson Credit Facility - Additional Information (Detail) - USD ($)	Jul. 24, 2015	Mar. 31, 2016	Dec. 31, 2015
Old Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility maximum borrowing capacity	$ 1,350,000,000
Ryerson Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility maximum borrowing capacity	1,000,000,000	$ 1,000,000,000
Charge to write-off a portion of the issuance costs	2,900,000
Outstanding borrowings		249,900,000	$ 272,200,000
Letters of credit		16,000,000	17,000,000
Available credit facility		$ 240,000,000	$ 185,000,000
Weighted average interest rate		2.50%	2.10%
Line of credit facility, description of collateral		Total credit availability is limited by the amount of eligible accounts receivable, inventory, and qualified cash pledged as collateral under the agreement insofar as Ryerson is subject to a borrowing base comprised of the aggregate of these three amounts, less applicable reserves. Eligible accounts receivable, at any date of determination, is comprised of the aggregate value of all accounts directly created by a borrower (and in the case of Canadian accounts, a Canadian guarantor) in the ordinary course of business arising out of the sale of goods or the rendering of services, each of which has been invoiced, with such receivables adjusted to exclude various ineligible accounts, including, among other things, those to which a borrower (or guarantor, as applicable) does not have sole and absolute title and accounts arising out of a sale to an employee, officer, director, or affiliate of a borrower (or guarantor, as applicable). Eligible inventory, at any date of determination, is comprised of the aggregate value of all inventory owned by a borrower (and in the case of Canadian accounts, a Canadian guarantor), with such inventory adjusted to exclude various ineligible inventory, including, among other things, (i) any inventory that is classified as “supplies” or is unsaleable in the ordinary course of business, (ii) 50% of the value of any inventory that (A) has not been sold or processed within a 180 day period and (B) which is calculated to have more than 365 days of supply based upon the immediately preceding 6 months consumption, and (iii) 50% of the value of inventory classified as partial inventory pieces on the basis that the inventory has been cut below sales lengths customary for such inventory. Qualified cash consists of cash in an eligible deposit account that is subject to customary restrictions and liens in favor of the lenders.
Default bear interest rate		2.00%
Commitment fees on amounts not borrowed		0.25%
Ryerson Credit Facility [Member] | Federal Funds Rate [Member]
Debt Instrument [Line Items]
Percentage of spread over amount available to be borrowed		0.50%
Ryerson Credit Facility [Member] | Prime Rate and One Month LIBOR Rate [Member]
Debt Instrument [Line Items]
Percentage of spread over amount available to be borrowed		1.00%
Ryerson Credit Facility [Member] | 30 Day LIBOR Rate [Member]
Debt Instrument [Line Items]
Percentage of spread over amount available to be borrowed		1.00%
Ryerson Credit Facility [Member] | Bank of Canada Overnight Rate [Member]
Debt Instrument [Line Items]
Percentage of spread over amount available to be borrowed		0.50%
Ryerson Credit Facility [Member] | One Month Canadian Bankers Acceptance Rate [Member]
Debt Instrument [Line Items]
Percentage of spread over amount available to be borrowed		1.00%
Ryerson Credit Facility [Member] | Base Rate and Canadian Prime Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Percentage of spread over amount available to be borrowed		0.25%
Ryerson Credit Facility [Member] | Base Rate and Canadian Prime Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Percentage of spread over amount available to be borrowed		0.75%
Ryerson Credit Facility [Member] | LIBOR and Banker's Acceptance Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Percentage of spread over amount available to be borrowed		1.25%
Ryerson Credit Facility [Member] | LIBOR and Banker's Acceptance Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Percentage of spread over amount available to be borrowed		1.75%
Ryerson Credit Facility [Member] | US Subsidiaries [Member]
Debt Instrument [Line Items]
Revolving credit facility maximum borrowing capacity		$ 925,000,000
Ryerson Credit Facility [Member] | Canadian Subsidiaries [Member]
Debt Instrument [Line Items]
Revolving credit facility maximum borrowing capacity		$ 75,000,000
Ryerson Credit Facility [Member] | Canadian Subsidiaries [Member] | Federal Funds Rate [Member]
Debt Instrument [Line Items]
Percentage of spread over amount available to be borrowed		0.50%
Ryerson Credit Facility [Member] | Scenario 1 [Member]
Debt Instrument [Line Items]
Credit facility maturity date		Jul. 24, 2020
Ryerson Credit Facility [Member] | Scenario 2 [Member]
Debt Instrument [Line Items]
Credit facility scenario 2 maturity description of ("2017 Notes")		60 days prior to the stated maturity of any outstanding indebtedness with a principal amount of $50,000,000 or more.
Minimum indebtedness including principal amount	$ 50,000,000

Long-Term Debt - 2017 and 2018

Long-Term Debt - 2017 and 2018 Notes - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Oct. 10, 2012
Debt Instrument [Line Items]
Gain (loss) on retirement of debt	$ 8,200,000	$ (500,000)
2017 Notes [Member]
Debt Instrument [Line Items]
Aggregate amount of senior notes issued				$ 600,000,000
Debt Instrument Percentage				9.00%
Notes redemption date	Apr. 15, 2015
Senior Notes	$ 569,900,000		$ 569,900,000
Principal amount of debt instrument repurchased		16,800,000
Debt instruments senior notes retired		17,000,000
2017 Notes [Member] | Other Income and (Expense), Net [Member]
Debt Instrument [Line Items]
Gain (loss) on retirement of debt		(200,000)
2018 Notes [Member]
Debt Instrument [Line Items]
Aggregate amount of senior notes issued				$ 300,000,000
Debt Instrument Percentage				11.25%
Notes redemption date	Oct. 15, 2015
Senior Notes	$ 145,300,000		$ 170,400,000
Principal amount of debt instrument repurchased	25,100,000	13,000,000
Debt instruments senior notes retired	16,900,000	13,300,000
2018 Notes [Member] | Other Income and (Expense), Net [Member]
Debt Instrument [Line Items]
Gain (loss) on retirement of debt	$ 8,200,000	$ (300,000)
2017 and 2018 Notes [Member] | Joseph T. Ryerson [Member]
Debt Instrument [Line Items]
Maximum percentage of dividend of future net income	50.00%
Redemption price as a percentage of principal amount	101.00%

Long-Term Debt - Foreign Debt -

Long-Term Debt - Foreign Debt - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Foreign debt	$ 20.8	$ 22
Owed to Banks [Member] | Ryerson China [Member]
Debt Instrument [Line Items]
Foreign debt	20.6	21.8
Owed to Banks [Member] | Acofran [Member]
Debt Instrument [Line Items]
Foreign debt	0.2	0.2
Foreign Debt [Member]
Debt Instrument [Line Items]
Available credit facility	25	23
Letters of credit issued by our foreign subsidiaries	$ 1	$ 2
Foreign Debt [Member] | Owed to Banks [Member] | Ryerson China [Member]
Debt Instrument [Line Items]
Weighted average interest rate	4.40%	4.30%

Employee Benefits - Components

Employee Benefits - Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Pension Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost		$ 1
Interest cost	$ 7	9
Expected return on assets	(11)	(12)
Recognized actuarial (gain) loss	3	3
Net periodic benefit (credit) cost	(1)	1
Other Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	1	1
Recognized actuarial (gain) loss	(2)	(2)
Amortization of prior service credit	(1)	(1)
Net periodic benefit (credit) cost	$ (2)	$ (2)

Employee Benefits - Additional

Employee Benefits - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Compensation And Retirement Disclosure [Abstract]
Contribution to the pension plan fund	$ 2
Anticipated minimum required pension contribution funding for the remainder of fiscal period	$ 20

Derivatives and Fair Value Me41

Derivatives and Fair Value Measurements - Location and Fair Value Amount of Derivative Instruments (Detail) - Derivatives Not Designated as Hedging Instruments under ASC 815 [Member] - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Prepaid Expenses and Other Current Assets [Member]
Derivatives Fair Value [Line Items]
Asset Derivatives, Fair Value	$ 1.5	$ 0.1
Other Accrued Liabilities [Member]
Derivatives Fair Value [Line Items]
Liability Derivatives, Fair Value	1.9	3.5
Foreign Exchange Contracts [Member] | Prepaid Expenses and Other Current Assets [Member]
Derivatives Fair Value [Line Items]
Asset Derivatives, Fair Value		0.1
Foreign Exchange Contracts [Member] | Other Accrued Liabilities [Member]
Derivatives Fair Value [Line Items]
Liability Derivatives, Fair Value	0.1
Commodity Contracts [Member] | Prepaid Expenses and Other Current Assets [Member]
Derivatives Fair Value [Line Items]
Asset Derivatives, Fair Value	1.5
Commodity Contracts [Member] | Other Accrued Liabilities [Member]
Derivatives Fair Value [Line Items]
Liability Derivatives, Fair Value	$ 1.8	$ 3.5

Derivatives and Fair Value Me42

Derivatives and Fair Value Measurements - Additional Information (Detail)	3 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)Tgal	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)Tgal
Derivatives Fair Value [Line Items]
Gain on assets held for sale		$ 400,000
Other-than-temporary impairment charge on available-for-sale investments		$ 12,300,000
Proceeds from sale of investments	$ 0
Prepaid Expenses and Other Current Assets [Member]
Derivatives Fair Value [Line Items]
Prepaid expenses and other current assets - assets held for sale	$ 3,100,000		$ 4,200,000
Minimum [Member]
Derivatives Fair Value [Line Items]
Contract term for exchange contracts	3 months
Maximum [Member]
Derivatives Fair Value [Line Items]
Contract term for exchange contracts	12 months
Diesel Fuel Hedge Contracts [Member]
Derivatives Fair Value [Line Items]
Commodity notional value | gal	390,000		533,000
Foreign Exchange Forward [Member]
Derivatives Fair Value [Line Items]
Notional amount of foreign currency exchange contracts	$ 2,200,000		$ 1,600,000
Nickel Futures or Option Contracts [Member]
Derivatives Fair Value [Line Items]
Commodity notional value | T	123		177
Hot Roll Steel Coil Option [Member]
Derivatives Fair Value [Line Items]
Commodity notional value | T	34,940		15,120
Aluminum Price Swaps [Member]
Derivatives Fair Value [Line Items]
Commodity notional value | T	14,876		13,878

Derivatives and Fair Value Me43

Derivatives and Fair Value Measurements - Location and Amount of Gains and Losses Reported in Condensed Consolidated Statements of Comprehensive Income (Detail) - Derivatives Not Designated as Hedging Instruments under ASC 815 [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments Gain Loss [Line Items]
Amount of Gain/ (Loss) Recognized in Income on Derivatives, Total	$ 2	$ (3.8)
Foreign Exchange Contracts [Member] | Other Income and (Expense), Net [Member]
Derivative Instruments Gain Loss [Line Items]
Amount of Gain/ (Loss) Recognized in Income on Derivatives, Total	(0.2)	0.1
Commodity Contracts [Member] | Cost of Materials Sold [Member]
Derivative Instruments Gain Loss [Line Items]
Amount of Gain/ (Loss) Recognized in Income on Derivatives, Total	$ 2.2	(3.8)
Diesel Fuel Hedges [Member] | Warehousing Delivery Selling General and Administrative [Member]
Derivative Instruments Gain Loss [Line Items]
Amount of Gain/ (Loss) Recognized in Income on Derivatives, Total		$ (0.1)

Derivatives and Fair Value Me44

Derivatives and Fair Value Measurements - Assets and Liabilities Measured and Recorded at Fair Value (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Mark-to-market derivatives, liabilities	$ 1.9
Level 2 [Member] | Commodity Contracts [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Mark-to-market derivatives, assets	1.5
Mark-to-market derivatives, liabilities	1.8	$ 3.5
Level 2 [Member] | Foreign Exchange Contracts [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Mark-to-market derivatives, assets		0.1
Mark-to-market derivatives, liabilities	0.1
Common Stock [Member] | Level 1 [Member] | Prepaid and Other Current Assets [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Available for sale investment	$ 3.8	$ 2.2

Derivatives and Fair Value Me45

Derivatives and Fair Value Measurements - Carrying and Estimated Fair Values Financial Instruments (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Cash and cash equivalents, Carrying Amount	$ 70.5	$ 63.2	$ 70.8	$ 60
Restricted cash, Carrying Amount	2.1	1.2
Receivables less provision for allowances, claims and doubtful accounts, Carrying Amount	343	305.7
Accounts payable, Carrying Amount	265.9	206.3
Long-term debt, including current portion, Carrying Amount	976.6	1,023.5
Cash and cash equivalents, Fair Value	70.5	63.2
Restricted cash, Fair Value	2.1	1.2
Receivables less provision for allowances, claims and doubtful accounts, Fair Value	343	305.7
Accounts payable, Fair Value	265.9	206.3
Long-term debt, including current portion, Fair Value	$ 848.9	$ 855.3

Derivatives and Fair Value Me46

Derivatives and Fair Value Measurements - Assets and Liabilities Measured and Recorded at Fair Value on Non Recurring Basis (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Prepaid expenses and other current assets - assets held for sale	$ 3.1	$ 4.2

Derivatives and Fair Value Me47

Derivatives and Fair Value Measurements - Available-for-Sale Securities (Detail) - Common Stock [Member] - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Schedule Of Available For Sale Securities [Line Items]
Cost	$ 5.1	$ 5.1
Gross Unrealized Losses	(1.3)	(2.9)
Fair Value	$ 3.8	$ 2.2

Stockholders' Equity (Deficit48

Stockholders' Equity (Deficit), Accumulated Other Comprehensive Income (Loss) and Redeemable Noncontrolling Interest - Change in Stockholders' Equity (Deficit) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Beginning Balance	$ (140.9)
Beginning Balance, Redeemable Noncontrolling Interest	$ 0.1
Beginning Balance, shares	32,312,200
Net income (loss)	$ 13.5	$ (2.5)
Net income (loss)	13.7
Foreign currency translation	4.2
Gain on intra-entity foreign currency transactions	3
Changes in defined benefit pension and other post-retirement benefit plans, net of tax	0.3
Unrealized gain on available-for-sale investment, net of tax	0.9
Stock-based compensation expense	0.2
Ending Balance	(118.6)
Ending Balance, Redeemable Noncontrolling Interest	$ (0.1)
Ending Balance, shares	32,312,200
Common Stock [Member]
Beginning Balance	$ 0.3
Beginning Balance, shares	32,312,000
Ending Balance	$ 0.3
Ending Balance, shares	32,312,000
Treasury Stock [Member]
Beginning Balance	$ (6.6)
Beginning Balance, shares	213,000
Ending Balance	$ (6.6)
Ending Balance, shares	213,000
Capital in Excess of Par Value [Member]
Beginning Balance	$ 302.6
Stock-based compensation expense	0.2
Ending Balance	302.8
Accumulated Deficit [Member]
Beginning Balance	(130.9)
Net income (loss)	13.5
Ending Balance	(117.4)
Foreign Currency Translation [Member]
Beginning Balance	(53.8)
Foreign currency translation	4.2
Gain on intra-entity foreign currency transactions	3
Ending Balance	(46.6)
Benefit Plan Liabilities [Member]
Beginning Balance	(252.5)
Changes in defined benefit pension and other post-retirement benefit plans, net of tax	0.3
Ending Balance	(252.2)
Available-For-Sale Investments [Member]
Beginning Balance	(0.7)
Unrealized gain on available-for-sale investment, net of tax	0.9
Ending Balance	0.2
Noncontrolling Interest [Member]
Beginning Balance	0.7
Net income (loss)	0.2
Ending Balance	0.9
Redeemable Non- controlling Interest [Member]
Beginning Balance, Redeemable Noncontrolling Interest	0.1
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	(0.2)
Ending Balance, Redeemable Noncontrolling Interest	$ 0.1

Stockholders' Equity (Deficit49

Stockholders' Equity (Deficit), Accumulated Other Comprehensive Income (Loss) and Redeemable Noncontrolling Interest - Change in Stockholders' Equity (Deficit) (Parenthetical) (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Equity [Abstract]
Changes in defined benefit pension and other post-retirement benefit plans, tax	$ 0.1
Unrealized loss on available-for-sale investment, tax	$ 0.6

Stockholders' Equity (Deficit50

Stockholders' Equity (Deficit), Accumulated Other Comprehensive Income (Loss) and Redeemable Noncontrolling Interest - Changes in Accumulated Other Comprehensive Income/(Loss) by Component (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) net of tax, beginning balance	$ (307)
Accumulated other comprehensive income (loss) net of tax, ending balance	(298.6)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) net of tax, beginning balance	(53.8)
Other comprehensive income before reclassifications	7.2
Net current-period other comprehensive income	7.2
Accumulated other comprehensive income (loss) net of tax, ending balance	(46.6)
Benefit Plan Liabilities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) net of tax, beginning balance	(252.5)
Amounts reclassified from accumulated other comprehensive income	0.3
Net current-period other comprehensive income	0.3
Accumulated other comprehensive income (loss) net of tax, ending balance	(252.2)
Available-For-Sale Investments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss) net of tax, beginning balance	(0.7)
Other comprehensive income before reclassifications	0.9
Net current-period other comprehensive income	0.9
Accumulated other comprehensive income (loss) net of tax, ending balance	$ 0.2

Stockholders' Equity (Deficit51

Stockholders' Equity (Deficit), Accumulated Other Comprehensive Income (Loss) and Redeemable Noncontrolling Interest - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Other income and (expense), net	$ 5.3	$ (11.3)
Tax benefit	(8.1)	0.2
Net income (loss)	13.5	(2.8)
Amortization of Defined Benefit Pension and Other Post-retirement Benefit Plan Items, Actuarial Loss [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Reclassifications out of AOCI	1.1	1.5
Amortization of Defined Benefit Pension and Other Post-retirement Benefit Plan Items, Prior Service Credits [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Reclassifications out of AOCI	(0.7)	(0.6)
Amortization of Defined Benefit Pension and Other Post-retirement Benefit Plan Items [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Reclassifications out of AOCI	0.4	0.9
Tax provision	0.1	0.3
Net of tax	$ 0.3	0.6
Reclassification out of Accumulated Other Comprehensive Income [Member] | Other-than-temporary Impairment [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Other income and (expense), net		12.3
Tax benefit		(4.7)
Net income (loss)		$ 7.6

Related Parties - Additional In

Related Parties - Additional Information (Detail) - Platinum Advisors [Member] - USD ($)	Aug. 13, 2014	Aug. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Related Party Transaction [Line Items]
Payment of advisory services termination fee	$ 15,000,000	$ 10,000,000
Payment of advisory fee recorded			$ 0	$ 0

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes	$ 8.1	$ (0.2)
Valuation allowance	$ 24.3		$ 22.6

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Basic and Diluted Earnings (Loss) Per Share (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Numerator:
Net income (loss) attributable to Ryerson Holding Corporation	$ 13.5	$ (2.5)
Denominator:
Weighted average shares outstanding	32,099,700	32,037,500
Weighted average shares outstanding adjusted for dilutive securities	32,099,700	32,037,500
Earnings (loss) per share
Basic	$ 0.42	$ (0.08)
Diluted	$ 0.42	$ (0.08)

Condensed Consolidating Guara55

Condensed Consolidating Guarantor Financial Statements - Additional Information (Detail) - 2017 and 2018 Notes [Member]	3 Months Ended
	Mar. 31, 2016
Guarantor [Member]
Condensed Financial Statements Captions [Line Items]
Ownership percentage by parent	100.00%
Joseph T. Ryerson [Member]
Condensed Financial Statements Captions [Line Items]
Maximum percentage of dividend of future net income	50.00%

Condensed Consolidating Guara56

Condensed Consolidating Guarantor Financial Statements - Condensed Consolidating Statement of Comprehensive Income (Unaudited) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Condensed Statement Of Income Captions [Line Items]
Net sales	$ 702.6	$ 868
Cost of materials sold	555	718
Gross profit	147.6	150
Warehousing, delivery, selling, general and administrative	109.3	116.4
Operating profit	38.3	33.6
Other income and (expense), net	5.3	(11.3)
Interest and other expense on debt	(22)	(25.3)
Income (loss) before income taxes	21.6	(3)
Provision (benefit) for income taxes	8.1	(0.2)
Net income (loss)	13.5	(2.8)
Less: Net income (loss) attributable to noncontrolling interest		(0.3)
Net income (loss) attributable to Ryerson Holding Corporation	13.5	(2.5)
Comprehensive income (loss)	21.9	(9.1)
Less: Comprehensive income (loss) attributable to noncontrolling interest		(0.3)
Comprehensive income (loss) attributable to Ryerson Holding Corporation	21.9	(8.8)
Parent [Member]
Condensed Statement Of Income Captions [Line Items]
Warehousing, delivery, selling, general and administrative	0.1	0.1
Operating profit	(0.1)	(0.1)
Income (loss) before income taxes	(0.1)	(0.1)
Provision (benefit) for income taxes	(0.1)
Equity in (earnings) loss of subsidiaries	(13.5)	2.4
Net income (loss)	13.5	(2.5)
Net income (loss) attributable to Ryerson Holding Corporation	13.5	(2.5)
Comprehensive income (loss)	21.9	(8.8)
Comprehensive income (loss) attributable to Ryerson Holding Corporation	21.9	(8.8)
Joseph T. Ryerson [Member]
Condensed Statement Of Income Captions [Line Items]
Net sales	601.2	738.1
Cost of materials sold	477.6	615.5
Gross profit	123.6	122.6
Warehousing, delivery, selling, general and administrative	91	93.8
Operating profit	32.6	28.8
Other income and (expense), net	8.2	(0.5)
Interest and other expense on debt	(21.5)	(24.5)
Interest expense on intercompany loans	(2.1)	(0.9)
Income (loss) before income taxes	17.2	2.9
Provision (benefit) for income taxes	5	2.2
Equity in (earnings) loss of subsidiaries	(1.3)	3.1
Net income (loss)	13.5	(2.4)
Net income (loss) attributable to Ryerson Holding Corporation	13.5	(2.4)
Comprehensive income (loss)	22	(8.8)
Comprehensive income (loss) attributable to Ryerson Holding Corporation	22	(8.8)
Guarantor [Member]
Condensed Statement Of Income Captions [Line Items]
Net sales	465.3	531.4
Cost of materials sold	456.5	518.5
Gross profit	8.8	12.9
Warehousing, delivery, selling, general and administrative	5.3	7.7
Operating profit	3.5	5.2
Other income and (expense), net		(12.3)
Interest income on intercompany loans	3	1.9
Income (loss) before income taxes	6.5	(5.2)
Provision (benefit) for income taxes	3.3	(3.1)
Equity in (earnings) loss of subsidiaries	1.7	0.8
Net income (loss)	1.5	(2.9)
Net income (loss) attributable to Ryerson Holding Corporation	1.5	(2.9)
Comprehensive income (loss)	2.4	0.9
Comprehensive income (loss) attributable to Ryerson Holding Corporation	2.4	0.9
Non-guarantor [Member]
Condensed Statement Of Income Captions [Line Items]
Net sales	89.3	102.2
Cost of materials sold	74.1	87.7
Gross profit	15.2	14.5
Warehousing, delivery, selling, general and administrative	12.9	14.8
Operating profit	2.3	(0.3)
Other income and (expense), net	(2.9)	1.5
Interest and other expense on debt	(0.5)	(0.8)
Interest expense on intercompany loans	(0.9)	(1)
Income (loss) before income taxes	(2)	(0.6)
Provision (benefit) for income taxes	(0.1)	0.7
Net income (loss)	(1.9)	(1.3)
Less: Net income (loss) attributable to noncontrolling interest		(0.3)
Net income (loss) attributable to Ryerson Holding Corporation	(1.9)	(1)
Comprehensive income (loss)	2.6	(7.4)
Less: Comprehensive income (loss) attributable to noncontrolling interest		(0.3)
Comprehensive income (loss) attributable to Ryerson Holding Corporation	2.6	(7.1)
Eliminations [Member]
Condensed Statement Of Income Captions [Line Items]
Net sales	(453.2)	(503.7)
Cost of materials sold	(453.2)	(503.7)
Interest expense on intercompany loans	3	1.9
Interest income on intercompany loans	(3)	(1.9)
Equity in (earnings) loss of subsidiaries	13.1	(6.3)
Net income (loss)	(13.1)	6.3
Net income (loss) attributable to Ryerson Holding Corporation	(13.1)	6.3
Comprehensive income (loss)	(27)	15
Comprehensive income (loss) attributable to Ryerson Holding Corporation	$ (27)	$ 15

Condensed Consolidating Guara57

Condensed Consolidating Guarantor Financial Statements - Condensed Consolidating Statement of Cash Flows (Unaudited) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating activities:
Net income (loss)	$ 13.5	$ (2.8)
Non-cash (income) expenses	12.1	24.2
Changes in working capital	21.4	80.2
Net adjustments	33.5	104.4
Net cash provided by operating activities	47	101.6
Investing activities:
Capital expenditures	(5.4)	(5.7)
Other investing activities	0.3	0.1
Net cash used in investing activities	(5.1)	(5.6)
Financing activities:
Repayment of debt	(16.9)	(30.3)
Net proceeds/(repayments) of short-term borrowings	(23.5)	(26.9)
Net increase (decrease) in book overdrafts	4.4	(25.1)
Other financing activities	3.1	(0.4)
Net cash used in financing activities	(37.3)	(82.7)
Net increase in cash and cash equivalents	4.6	13.3
Effect of exchange rates on cash and cash equivalents	2.7	(2.5)
Net change in cash and cash equivalents	7.3	10.8
Cash and cash equivalents—beginning of period	63.2	60
Cash and cash equivalents—end of period	70.5	70.8
Parent [Member]
Operating activities:
Net income (loss)	13.5	(2.5)
Non-cash (income) expenses	(0.6)
Equity in (earnings) loss of subsidiaries	(13.5)	2.4
Changes in working capital	0.6	0.1
Net adjustments	(13.5)	2.5
Financing activities:
Cash and cash equivalents—beginning of period		11.1
Cash and cash equivalents—end of period		11.1
Joseph T. Ryerson [Member]
Operating activities:
Net income (loss)	13.5	(2.4)
Non-cash (income) expenses	7.2	12
Equity in (earnings) loss of subsidiaries	(1.3)	3.1
Changes in working capital	3.4	50.5
Net adjustments	9.3	65.6
Net cash provided by operating activities	22.8	63.2
Investing activities:
Capital expenditures	(5.2)	(4.9)
Other investing activities	(0.1)
Net cash used in investing activities	(5.3)	(4.9)
Financing activities:
Repayment of debt	(16.9)	(30.3)
Net proceeds/(repayments) of short-term borrowings	(22.3)	(27.9)
Proceeds from intercompany borrowings	24.6
Repayment of intercompany borrowings		(8.4)
Net increase (decrease) in book overdrafts		16
Other financing activities	(2.1)	(0.4)
Net cash used in financing activities	(16.7)	(51)
Net increase in cash and cash equivalents	0.8	7.3
Net change in cash and cash equivalents	0.8	7.3
Cash and cash equivalents—beginning of period	5.2	4.6
Cash and cash equivalents—end of period	6	11.9
Guarantor [Member]
Operating activities:
Net income (loss)	1.5	(2.9)
Non-cash (income) expenses	4.9	9.9
Equity in (earnings) loss of subsidiaries	1.7	0.8
Changes in working capital	11.1	26.3
Net adjustments	17.7	37
Net cash provided by operating activities	19.2	34.1
Investing activities:
Capital expenditures		(0.3)
Loan to related companies	(24.6)
Loan repayment from related companies		8.4
Net cash used in investing activities	(24.6)	8.1
Financing activities:
Net increase (decrease) in book overdrafts		(41.1)
Other financing activities	5.2
Net cash used in financing activities	5.2	(41.1)
Net increase in cash and cash equivalents	(0.2)	1.1
Net change in cash and cash equivalents	(0.2)	1.1
Cash and cash equivalents—beginning of period	0.4	0.7
Cash and cash equivalents—end of period	0.2	1.8
Non-guarantor [Member]
Operating activities:
Net income (loss)	(1.9)	(1.3)
Non-cash (income) expenses	0.6	2.3
Changes in working capital	6.3	3.3
Net adjustments	6.9	5.6
Net cash provided by operating activities	5	4.3
Investing activities:
Capital expenditures	(0.2)	(0.5)
Other investing activities	0.2	0.1
Net cash used in investing activities		(0.4)
Financing activities:
Net proceeds/(repayments) of short-term borrowings	(1.2)	1
Other financing activities	0.2
Net cash used in financing activities	(1)	1
Net increase in cash and cash equivalents	4	4.9
Effect of exchange rates on cash and cash equivalents	2.7	(2.5)
Net change in cash and cash equivalents	6.7	2.4
Cash and cash equivalents—beginning of period	57.6	43.6
Cash and cash equivalents—end of period	64.3	46
Eliminations [Member]
Operating activities:
Net income (loss)	(13.1)	6.3
Equity in (earnings) loss of subsidiaries	13.1	(6.3)
Net adjustments	13.1	(6.3)
Investing activities:
Loan to related companies	24.6
Loan repayment from related companies		(8.4)
Other investing activities	0.2
Net cash used in investing activities	24.8	(8.4)
Financing activities:
Proceeds from intercompany borrowings	(24.6)
Repayment of intercompany borrowings		8.4
Other financing activities	(0.2)
Net cash used in financing activities	$ (24.8)	$ 8.4

Condensed Consolidating Guara58

Condensed Consolidating Guarantor Financial Statements - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 70.5	$ 63.2	$ 70.8	$ 60
Receivables less provision for allowances, claims and doubtful accounts	343	305.7
Inventories	571.1	555.8
Other current assets	30.2	34
Total current assets	1,014.8	958.7
Property, plant and equipment net of accumulated depreciation	397.8	400.3
Deferred charges	5.2	5
Other noncurrent assets	165	181.2
Total assets	1,582.8	1,545.2
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	265.9	206.3
Salaries, wages and commissions	30.9	26.3
Short-term debt	20.8	22
Other current liabilities	72.2	61.1
Total current liabilities	389.8	315.7
Long-term debt	955.8	1,001.5
Deferred employee benefits	320.9	327.7
Other noncurrent liabilities	35	41.1
Total liabilities	1,701.5	1,686
Redeemable noncontrolling interest	(0.1)	0.1
Ryerson Holding Corporation stockholders’ equity	(119.5)	(141.6)
Noncontrolling interest	0.9	0.7
Total liabilities and equity	1,582.8	1,545.2
Parent [Member]
Assets
Cash and cash equivalents			11.1	11.1
Other noncurrent assets	30	29.9
Total assets	30	29.9
LIABILITIES AND STOCKHOLDERS’ EQUITY
Intercompany payable	0.8
Other current liabilities		0.6
Total current liabilities	0.8	0.6
Dividends in excess of investment in subsidiaries	148.7	170.9
Total liabilities	149.5	171.5
Ryerson Holding Corporation stockholders’ equity	(119.5)	(141.6)
Total liabilities and equity	30	29.9
Joseph T. Ryerson [Member]
Assets
Cash and cash equivalents	6	5.2	11.9	4.6
Receivables less provision for allowances, claims and doubtful accounts	264.9	228.7
Inventories	501.2	488.2
Other current assets	15.8	17
Total current assets	787.9	739.1
Investments in subsidiaries	469	462
Property, plant and equipment net of accumulated depreciation	367.7	370.3
Deferred charges	4.2	3.9
Other noncurrent assets	90.4	91.5
Total assets	1,719.2	1,666.8
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	56.6	45
Intercompany payable	136.6	111.8
Salaries, wages and commissions	30.1	24.8
Other current liabilities	62.7	48
Total current liabilities	286	229.6
Long-term debt	955.8	1,001.5
Long-term debt – intercompany	279.9	258.1
Deferred employee benefits	300.9	308.2
Other noncurrent liabilities	45.3	40.3
Total liabilities	1,867.9	1,837.7
Ryerson Holding Corporation stockholders’ equity	(148.7)	(170.9)
Total liabilities and equity	1,719.2	1,666.8
Guarantor [Member]
Assets
Cash and cash equivalents	0.2	0.4	1.8	0.7
Receivables less provision for allowances, claims and doubtful accounts	6.7	6.6
Inventories	10.8	13.5
Intercompany receivable	160.4	132.7
Other current assets	3.9	2.3
Total current assets	182	155.5
Investments in subsidiaries	285.5	287.4
Intercompany notes receivable	325.7	301
Property, plant and equipment net of accumulated depreciation	3.1	3.7
Other noncurrent assets	57.1	60.1
Total assets	853.4	807.7
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	174.3	132.4
Salaries, wages and commissions	0.1	0.5
Other current liabilities	0.6	0.6
Total current liabilities	175	133.5
Other noncurrent liabilities	2.6	0.7
Total liabilities	177.6	134.2
Ryerson Holding Corporation stockholders’ equity	675.8	673.5
Total liabilities and equity	853.4	807.7
Non-guarantor [Member]
Assets
Cash and cash equivalents	64.3	57.6	$ 46	$ 43.6
Receivables less provision for allowances, claims and doubtful accounts	71.4	70.4
Inventories	59.1	54.1
Other current assets	10.5	12.2
Total current assets	205.3	194.3
Investments in subsidiaries		0.1
Property, plant and equipment net of accumulated depreciation	27	26.3
Deferred charges	1	1.1
Other noncurrent assets	4.5	4.1
Total assets	237.8	225.9
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	35	28.9
Intercompany payable	23	20.9
Salaries, wages and commissions	0.7	1
Short-term debt	20.8	22
Other current liabilities	8.9	9.8
Total current liabilities	88.4	82.6
Long-term debt – intercompany	45.8	42.9
Deferred employee benefits	20	19.5
Other noncurrent liabilities	4.1	4.1
Total liabilities	158.3	149.1
Redeemable noncontrolling interest	(0.1)	0.1
Ryerson Holding Corporation stockholders’ equity	78.7	76
Noncontrolling interest	0.9	0.7
Total liabilities and equity	237.8	225.9
Eliminations [Member]
Assets
Intercompany receivable	(160.4)	(132.7)
Other current assets		2.5
Total current assets	(160.4)	(130.2)
Investments in subsidiaries	(754.5)	(749.5)
Intercompany notes receivable	(325.7)	(301)
Other noncurrent assets	(17)	(4.4)
Total assets	(1,257.6)	(1,185.1)
LIABILITIES AND STOCKHOLDERS’ EQUITY
Intercompany payable	(160.4)	(132.7)
Other current liabilities		2.1
Total current liabilities	(160.4)	(130.6)
Dividends in excess of investment in subsidiaries	(148.7)	(170.9)
Long-term debt – intercompany	(325.7)	(301)
Other noncurrent liabilities	(17)	(4)
Total liabilities	(651.8)	(606.5)
Ryerson Holding Corporation stockholders’ equity	(605.8)	(578.6)
Total liabilities and equity	$ (1,257.6)	$ (1,185.1)