Ryerson 8-K Entry into a Material Definitive Agreement

Exhibit 10.7

Named Executive Officer Merit Increases

Effective January 31, 2005

NAME/ TITLE	2005 ANNUAL BASE SALARY
Neil S. Novich Chairman, President And Chief Executive Officer	$	750,000
Jay M. Gratz Executive Vice President, Chief Financial Officer & President – Ryerson Tull Coil Processing	$	475,000
Gary J. Niederpruem Executive Vice President	$	475,000
James M. Delaney President – Customer Solutions Team & Chief Procurement Officer	$	263,000
Stephen E. Makarewicz President – Ryerson Tull South	$	280,000