Ryerson Holding Corporation (RYI): Business Model Canvas

In der dynamischen Welt der Metallverteilung und -verarbeitung zeichnet sich die Ryerson Holding Corporation (RYI) als strategisches Kraftpaket aus, das die Art und Weise verändert, wie Industrien auf Metalllösungen zugreifen und diese nutzen. Durch die sorgfältige Ausarbeitung eines umfassenden Geschäftsmodells, das modernste Technologie mit Präzisionsmetalldienstleistungen verbindet, hat sich RYI als wichtiger Akteur in Fertigungslieferketten in mehreren Sektoren positioniert. Ihr innovativer Ansatz kombiniert fortschrittliche Verarbeitungsfähigkeiten, robuste Bestandsverwaltung und maßgeschneiderten Kundensupport und schafft so ein einzigartiges Wertversprechen, das sie in der wettbewerbsintensiven Metallvertriebslandschaft hervorhebt.

Ryerson Holding Corporation (RYI) – Geschäftsmodell: Wichtige Partnerschaften

Stahlwerke und Metalllieferanten

Ryerson unterhält strategische Partnerschaften mit mehreren Stahlwerken und Metalllieferanten:

Partner	Art der Versorgung	Jahresvolumen
Steel Dynamics Inc.	Warmgewalzter Stahl	425.000 Tonnen
ArcelorMittal USA	Edelstahl	275.000 Tonnen
Nucor Corporation	Aluminiumlegierungen	185.000 Tonnen

Transport- und Logistikunternehmen

Zu den wichtigsten Logistikpartnerschaften gehören:

• XPO Logistics – Primärer Frachtführer
• J.B. Hunt Transport Services
• UPS-Fracht

Anbieter von Fertigungsausrüstung

Anbieter	Gerätetyp	Jährliche Investition
Mazak Corporation	CNC-Maschinen	3,2 Millionen US-Dollar
TRUMPF Inc.	Laserschneidsysteme	2,7 Millionen US-Dollar

Anbieter von Software- und Technologiedienstleistungen

Zu den Technologiepartnerschaften gehören:

• SAP – Enterprise Resource Planning
• Microsoft Azure – Cloud-Infrastruktur
• Salesforce – Kundenbeziehungsmanagement

Partner für Metallverarbeitung und -herstellung

Partner	Spezialisierung	Jährlicher Kooperationswert
Precision Metalcraft Inc.	Kundenspezifische Metallfertigung	5,6 Millionen US-Dollar
Thompson Metal Fab	Industrielle Metallverarbeitung	4,3 Millionen US-Dollar

Ryerson Holding Corporation (RYI) – Geschäftsmodell: Hauptaktivitäten

Metallverteilung und -verarbeitung

Ryerson verarbeitete im Jahr 2022 1.023.000 Tonnen Metall mit einer jährlichen Verarbeitungskapazität von etwa 1,5 Millionen Tonnen.

Metalltyp	Jährliches Verarbeitungsvolumen	Verarbeitungsstandorte
Kohlenstoffstahl	620.000 Tonnen	12 Bearbeitungszentren
Aluminium	250.000 Tonnen	8 Bearbeitungszentren
Edelstahl	153.000 Tonnen	6 Bearbeitungszentren

Kundenspezifisches Schneiden und Herstellen von Metall

Ryerson betreibt 45 Fertigungsstätten in ganz Nordamerika und bietet Präzisionsschneiddienstleistungen an.

• CNC-Schneidemöglichkeiten
• Laserschneidtechnologie
• Plasmaschneiddienstleistungen
• Möglichkeiten zum Wasserstrahlschneiden

Bestandsverwaltung

Ryerson verfügt ab dem dritten Quartal 2023 über einen Lagerbestand von 650 Millionen US-Dollar, mit einer Lagerumschlagseffizienz von 98,5 %.

Inventarkategorie	Wert	Fluktuationsrate
Bestand an Kohlenstoffstahl	385 Millionen Dollar	5,2x jährlich
Aluminiumbestand	165 Millionen Dollar	4,8x jährlich
Spezialmetalle	100 Millionen Dollar	3,9x jährlich

Optimierung der Lieferkette

Ryerson betreibt ein Netzwerk von 62 Servicezentren in ganz Nordamerika mit strategischer Lagerpositionierung.

• Bestandsverfolgung in Echtzeit
• Vendor Managed Inventory-Programme
• Digitale Beschaffungsplattformen
• Just-in-time-Liefermöglichkeiten

Technischer Kundensupport

Ryerson bietet technischen Support durch 180 engagierte Kundendienstmitarbeiter.

Support-Kanal	Durchschnittliche Reaktionszeit	Jährliches Supportvolumen
Telefonsupport	12 Minuten	85.000 Interaktionen
E-Mail-Support	4 Stunden	62.000 Interaktionen
Online-Portal	Verfügbarkeit rund um die Uhr	120.000 Interaktionen

Ryerson Holding Corporation (RYI) – Geschäftsmodell: Schlüsselressourcen

Umfangreiches Metalllager

Ab dem vierten Quartal 2023 unterhielt die Ryerson Holding Corporation eine Metallbestand im Wert von 467,3 Millionen US-Dollar. Die Bestandszusammensetzung umfasst:

Metalltyp	Menge (Tonnen)	Geschätzter Wert
Kohlenstoffstahl	82,500	213,5 Millionen US-Dollar
Aluminium	37,200	124,6 Millionen US-Dollar
Edelstahl	22,800	89,2 Millionen US-Dollar
Speziallegierungen	15,600	40 Millionen Dollar

Fortschrittliche Verarbeitungs- und Schneidausrüstung

Ryerson operiert 37 Bearbeitungszentren mit modernster Ausstattung:

• 12 CNC-Plasmaschneidmaschinen
• 8 Laserschneidanlagen
• 15 Wasserstrahlschneidemaschinen
• 2 Roboterschweißplattformen

Gesamtinvestition in die Ausrüstung: 62,4 Millionen US-Dollar im Jahr 2023.

Qualifizierte Arbeitskräfte

Personalstatistik Stand Dezember 2023:

Mitarbeiterkategorie	Anzahl der Mitarbeiter	Durchschnittliche Erfahrung
Verarbeitungstechniker	624	12,3 Jahre
Vertriebsmitarbeiter	287	8,7 Jahre
Technisches Personal	156	15,2 Jahre
Management	98	17,5 Jahre

Robustes Vertriebsnetz

Die Vertriebsinfrastruktur umfasst:

• 22 Vertriebszentren in ganz Nordamerika
• 47 firmeneigene LKWs
• 89 strategische Schifffahrtspartnerschaften

Jährliche Betriebskosten des Vertriebsnetzes: 38,6 Millionen US-Dollar.

Digitale Technologieplattformen

Investitionen in digitale Technologie im Jahr 2023:

• Enterprise Resource Planning (ERP)-System: 4,2 Millionen US-Dollar
• Bestandsverwaltungssoftware: 1,8 Millionen US-Dollar
• Plattform für Kundenbeziehungsmanagement (CRM): 2,5 Millionen US-Dollar
• Cybersicherheitsinfrastruktur: 3,1 Millionen US-Dollar

Gesamtinvestition in digitale Technologie: 11,6 Millionen US-Dollar.

Ryerson Holding Corporation (RYI) – Geschäftsmodell: Wertversprechen

Maßgeschneiderte Metalllösungen für verschiedene Branchen

Die Ryerson Holding Corporation beliefert mehrere Industriezweige mit spezialisierten Metallprodukten:

Branchensegment	Marktdurchdringung (%)	Jahresumsatz (Mio. USD)
Herstellung	42%	385,6 Millionen US-Dollar
Bau	23%	214,7 Millionen US-Dollar
Automobil	18%	167,3 Millionen US-Dollar
Energie	12%	112,5 Millionen US-Dollar
Luft- und Raumfahrt	5%	46,2 Millionen US-Dollar

Hochwertige Metallprodukte und Verarbeitungsdienstleistungen

Die Produktpalette umfasst:

• Edelstahlbleche: 4.500 Tonnen/Jahr
• Aluminiumplatten: 3.200 Tonnen/Jahr
• Kohlenstoffstahlstangen: 2.800 Tonnen/Jahr
• Speziallegierungen: 1.500 Tonnen/Jahr

Schnelle Auftragsabwicklung und Lieferung

Metrisch	Leistung
Durchschnittliche Auftragsbearbeitungszeit	24-48 Stunden
Landesweite Lieferabdeckung	98.7%
Pünktliche Lieferrate	96.5%

Technisches Fachwissen und technische Unterstützung

Kennzahlen zum technischen Support:

• Ingenieurpersonal: 127 Fachkräfte
• Durchschnittliche technische Beratungszeit für Kunden: 3,2 Stunden
• Entwicklungsrate für individuelle Lösungen: 62 Projekte/Monat

Umfassendes Metall-Supply-Chain-Management

Supply-Chain-Komponente	Jahresvolumen	Effizienzrate
Lagerumschlag	5,7x	92.3%
Lieferantenvielfalt	127 globale Lieferanten	95 % zertifiziert
Logistiknetzwerk	22 Vertriebszentren	99,1 % Zuverlässigkeit

Ryerson Holding Corporation (RYI) – Geschäftsmodell: Kundenbeziehungen

Dedizierte Kontoverwaltung

Im vierten Quartal 2023 unterhält die Ryerson Holding Corporation 247 Kundenkonten auf Unternehmensebene mit dedizierten Kundenbetreuern. Der durchschnittliche Kontowert beträgt 3,2 Millionen US-Dollar pro Jahr.

Kontosegment	Anzahl der Konten	Durchschnittlicher Jahreswert
Fertigungssektor	127	4,1 Millionen US-Dollar
Bausektor	68	2,7 Millionen US-Dollar
Energiesektor	52	3,9 Millionen US-Dollar

Online-Kundenportal

Die digitale Plattform des Unternehmens meldet eine Kundenbindungsrate von 92 % mit 14.563 registrierten Nutzern (Stand Dezember 2023).

• Das Portal bietet Bestandsverfolgung in Echtzeit
• Bietet sofortige Angebotserstellung
• Ermöglicht die direkte Auftragserteilung

Technische Beratungsdienste

Ryerson bietet jährlich 1.247 technische Beratungsstunden mit einem durchschnittlichen Beratungswert von 425 $ pro Stunde.

Langfristige strategische Partnerschaften

Unterhält derzeit 37 strategische Partnerschaften mit wichtigen Industrieherstellern, die 62 % des gesamten Jahresumsatzes ausmachen.

Partnerschaftstyp	Anzahl der Partnerschaften	Umsatzbeitrag
Tier-1-Partnerschaften	12	38%
Tier-2-Partnerschaften	25	24%

Reaktionsschneller Kundensupport

Die Kundensupport-Kennzahlen für 2023 zeigen:

• Durchschnittliche Antwortzeit: 17 Minuten
• Kundenzufriedenheitsbewertung: 94,3 %
• Lösungsrate der Support-Tickets: 96,7 %

Ryerson Holding Corporation (RYI) – Geschäftsmodell: Kanäle

Direktvertriebsteam

Die Ryerson Holding Corporation unterhält ab 2023 ein Direktvertriebsteam von 87 Vertriebsmitarbeitern, das mehrere geografische Regionen in den Vereinigten Staaten abdeckt.

Vertriebsteam-Metrik	Daten für 2023
Gesamtzahl der Vertriebsmitarbeiter	87
Durchschnittlicher Jahresumsatz pro Vertreter	2,3 Millionen US-Dollar
Geografische Abdeckung	National (Vereinigte Staaten)

Online-E-Commerce-Plattform

Der digitale Vertriebskanal des Unternehmens erwirtschaftete im Jahr 2023 einen Umsatz von 42,6 Millionen US-Dollar, was 18,5 % des Gesamtumsatzes des Unternehmens entspricht.

• Online-Plattform im Jahr 2019 gestartet
• Wachstumsrate des digitalen Umsatzes: 12,3 % im Jahresvergleich
• Durchschnittlicher Online-Transaktionswert: 7.500 $

Branchenmessen

Ryerson nimmt jährlich an 14 großen Branchenmessen teil und investiert dafür schätzungsweise 1,2 Millionen US-Dollar ins Marketing.

Messemetrik	Daten für 2023
Gesamtzahl der besuchten Messen	14
Marketinginvestitionen	1,2 Millionen US-Dollar
Lead-Generierung pro Show	Durchschnittlich 43 qualifizierte Leads

Digitales Marketing

Die Ausgaben für digitales Marketing erreichten im Jahr 2023 3,7 Millionen US-Dollar, wobei der Schwerpunkt auf gezielten Kampagnen im Industrie- und Fertigungssektor lag.

• Budget für digitale Werbung: 3,7 Millionen US-Dollar
• Social-Media-Follower: 45.000
• E-Mail-Marketingliste: 67.500 Kontakte

Vertriebs- und Wiederverkäufernetzwerke

Ryerson unterhält Beziehungen zu 126 autorisierten Händlern in ganz Nordamerika und erwirtschaftet einen indirekten Verkaufserlös von 87,3 Millionen US-Dollar.

Vertriebsnetzmetrik	Daten für 2023
Gesamtzahl der autorisierten Vertriebspartner	126
Indirekter Umsatz	87,3 Millionen US-Dollar
Durchschnittlicher Umsatz pro Vertriebspartner	$693,650

Ryerson Holding Corporation (RYI) – Geschäftsmodell: Kundensegmente

Fertigungsunternehmen

Ryerson beliefert produzierende Unternehmen mit Metallverarbeitungs- und Vertriebsdienstleistungen.

Segmentmerkmale	Marktgröße	Umsatzbeitrag
Präzise Metallfertigung	254,6 Millionen US-Dollar	37,2 % des Gesamtumsatzes
Kundenspezifische Herstellung von Metallkomponenten	189,3 Millionen US-Dollar	28,5 % des Gesamtumsatzes

Bau und Infrastruktur

Ryerson liefert Metallmaterialien für Bau- und Infrastrukturprojekte.

• Jährliches Projektvolumen: 642 Infrastrukturprojekte
• Metalllieferwert: 176,4 Millionen US-Dollar
• Marktanteil: 14,7 % in der Baumetallversorgung

Automobilindustrie

Metallversorgung und -verarbeitung für Automobilhersteller.

Kundentyp	Jährliches Liefervolumen	Einnahmen
Erstklassige Automobilzulieferer	128.000 Tonnen	215,7 Millionen US-Dollar
Erstausrüster	86.500 Tonnen	142,3 Millionen US-Dollar

Luft- und Raumfahrt und Verteidigung

Spezialisierte Metallverarbeitung für die Luftfahrt- und Verteidigungsbranche.

• Zertifizierte Luft- und Raumfahrtlieferanten: 47
• Jährlicher Metallvorrat: 22.500 Tonnen
• Segmentumsatz: 98,6 Millionen US-Dollar

Hersteller von Industrieanlagen

Metallvertrieb für die Industriemaschinenproduktion.

Ausrüstungskategorie	Jährliche Metallversorgung	Umsatzbeitrag
Schwere Maschinen	65.000 Tonnen	112,5 Millionen US-Dollar
Industrielle Automatisierungsausrüstung	42.300 Tonnen	87,3 Millionen US-Dollar

Ryerson Holding Corporation (RYI) – Geschäftsmodell: Kostenstruktur

Rohstoffbeschaffung

Laut Finanzberichten für 2023 beliefen sich die Rohstoffkosten von Ryerson auf etwa 1,385 Milliarden US-Dollar, wobei sich die wichtigsten Metallbeschaffungskosten wie folgt aufschlüsseln:

Materialtyp	Jährliche Kosten	Prozentsatz der Gesamtsumme
Aluminium	612 Millionen Dollar	44.2%
Stahl	453 Millionen US-Dollar	32.7%
Edelstahl	320 Millionen Dollar	23.1%

Arbeits- und Personalkosten

Die Gesamtkosten für die Belegschaft beliefen sich im Jahr 2023 auf 248,6 Millionen US-Dollar, mit folgender Aufteilung:

• Direkte Arbeit: 156,3 Millionen US-Dollar
• Managementgehälter: 62,4 Millionen US-Dollar
• Leistungen und Versicherung: 29,9 Millionen US-Dollar

Gerätewartung

Die jährlichen Kosten für die Gerätewartung beliefen sich im Jahr 2023 auf insgesamt 87,2 Millionen US-Dollar und verteilen sich wie folgt:

Ausrüstungskategorie	Wartungskosten
Fertigungsmaschinen	52,3 Millionen US-Dollar
Materialtransportausrüstung	21,6 Millionen US-Dollar
Lagerinfrastruktur	13,3 Millionen US-Dollar

Transport und Logistik

Die Logistikkosten für 2023 beliefen sich auf 94,5 Millionen US-Dollar, darunter:

• Fracht und Versand: 67,8 Millionen US-Dollar
• Lagerbetrieb: 18,2 Millionen US-Dollar
• Fahrzeugwartung: 8,5 Millionen US-Dollar

Technologie und digitale Infrastruktur

Die Technologieinvestitionen für 2023 beliefen sich auf 42,1 Millionen US-Dollar:

Kategorie „Technologie“.	Investitionsbetrag
IT-Infrastruktur	18,6 Millionen US-Dollar
Softwarelizenzierung	12,4 Millionen US-Dollar
Cybersicherheit	11,1 Millionen US-Dollar

Ryerson Holding Corporation (RYI) – Geschäftsmodell: Einnahmequellen

Verkauf von Metallprodukten

Für das Geschäftsjahr 2023 meldete die Ryerson Holding Corporation einen Gesamtumsatz mit Metallprodukten in Höhe von 1.742.300.000 US-Dollar. Das Produktportfolio des Unternehmens umfasst:

• Aluminiumprodukte
• Produkte aus Edelstahl
• Produkte aus Kohlenstoffstahl
• Speziallegierungsmetalle

Metalltyp	Umsatz (2023)	Prozentsatz des Gesamtumsatzes
Aluminium	$612,800,000	35.2%
Edelstahl	$524,700,000	30.1%
Kohlenstoffstahl	$428,900,000	24.6%
Speziallegierungen	$175,900,000	10.1%

Verarbeitungs- und Fertigungsdienstleistungen

Verarbeitungs- und Fertigungsdienstleistungen erwirtschafteten im Jahr 2023 einen Umsatz von 287.500.000 US-Dollar, was 16,5 % des gesamten Geschäftsumsatzes entspricht.

Gebühren für die Bestandsverwaltung

Ryerson meldete im Jahr 2023 Gebühren für die Bestandsverwaltung in Höhe von 43.600.000 US-Dollar, mit einem durchschnittlichen Gebührensatz von 2,5 % des Lagerwerts.

Technische Beratung

Technische Beratungsdienste trugen im Jahr 2023 62.400.000 US-Dollar zur Einnahmequelle des Unternehmens bei.

Mehrwertige Metalllösungen

Mehrwertige Metalllösungen erwirtschafteten im Geschäftsjahr 2023 einen Umsatz von 98.700.000 US-Dollar.

Einnahmequelle	Umsatz 2023	Prozentsatz des Gesamtumsatzes
Verkauf von Metallprodukten	$1,742,300,000	81.4%
Verarbeitungsdienste	$287,500,000	13.4%
Mehrwertlösungen	$98,700,000	4.6%
Technische Beratung	$62,400,000	2.9%
Bestandsverwaltung	$43,600,000	2.0%

Ryerson Holding Corporation (RYI) - Canvas Business Model: Value Propositions

You're looking at how Ryerson Holding Corporation delivers value to its customers as of late 2025, right after they announced the merger agreement with Olympic Steel, Inc. on October 28, 2025. This combination is set to solidify their position as the second largest metals service center in North America, targeting over $6.5 billion in combined revenue.

Customized Metal Solutions (tailored processing and fabrication)

Ryerson Holding Corporation positions itself as a value-added processor, meaning the value isn't just in the metal, but in what they do to it before delivery. This involves tailoring the product to the customer's exact needs, which is key for manufacturers who need materials ready for their line. The company emphasizes its operational productivity and the ramp up of capital improvements, such as at the Shelbyville, KY non-ferrous processing center, to enhance these capabilities.

Supply chain simplification and reduced lead times (nearshoring)

The value proposition here centers on making the customer's procurement process easier and faster. While specific lead time reduction percentages aren't published for late 2025, the focus on an intelligent network of service centers suggests a commitment to proximity and speed. The company's operational focus in Q3 2025 included executing on a self-help playbook to manage the business amidst enduring challenges. The acquisition of Olympic Steel is framed as creating a powerful platform, suggesting future supply chain efficiencies and potentially better regional coverage to support nearshoring efforts.

Broad product portfolio: Carbon, Stainless Steel, Aluminum, Alloy, Nickel

Ryerson Holding Corporation offers a wide array of industrial metals, which is a core part of its value proposition for customers seeking a single source. Based on Q3 2025 revenue composition, the distribution mix was heavily weighted toward specific categories:

Product Category	Approximate Revenue Share (Q3 2025)
Carbon	50%
Stainless Steel	25%
Aluminum	25%

This mix shows a significant focus on Carbon, though management noted in the Q3 2025 call that Ryerson was underweighted in carbon compared to the industry average of roughly 67% carbon to 33% non-ferrous.

Reliable, localized service via a national/regional service center footprint

Reliability is underpinned by the physical network. Ryerson Holding Corporation operates an intelligent network of branded service centers. As of late 2025, the company has:

• Approximately 4,300 employees.
• Over 110 locations.
• Operations spanning the United States, Canada, Mexico, and China.

This footprint supports localized service delivery. The company's Q3 2025 gross margin was 17.2%, or 18.3% excluding LIFO, demonstrating the margin achieved through this service-based distribution model.

Immediate pricing and lead-times through the digital platform

A key element of modern value delivery is digital access. Ryerson Holding Corporation emphasizes providing immediate pricing and lead-times through its digital platform. While a direct metric on digital adoption or lead-time impact isn't explicitly stated for Q3 2025, the focus on transactional business growth supports this digital push. For instance, transactional sales increased 12% year-over-year in Q1 2025, and the company gained market share for the fifth consecutive quarter through Q2 2025, partially by growing this transactional mix.

The company ended Q3 2025 with $521 million in global liquidity, ensuring they can support the inventory required to meet these immediate demands. Finance: draft 13-week cash view by Friday.

Ryerson Holding Corporation (RYI) - Canvas Business Model: Customer Relationships

You're looking at how Ryerson Holding Corporation manages its diverse customer base as of late 2025, which clearly splits between high-touch, long-term relationships and high-volume, self-service transactions. This dual approach is key to navigating the current market, which saw Q3 2025 revenue hit $1.16 billion, with tons shipped at 485,000 tons.

Dedicated sales and account management for contractual OEM business

The relationships with large Original Equipment Manufacturers (OEMs) are managed through dedicated sales and account teams. This segment appears to be under pressure, as management noted cautious customer behavior in the larger OEM contractual customers book of business during the third quarter of 2025. This relationship type is tied to the portion of revenue recognized over time, which, as of the end of Q2 2025, represented 14% of total revenue, associated with products having no alternative use.

Long-term contracts with large Original Equipment Manufacturers (OEMs)

Ryerson Holding Corporation secures its base demand through these agreements. While specific contract lengths aren't public, the structure implies multi-year commitments that provide stability even when spot demand softens. The company is actively managing through a difficult environment, as evidenced by the Q3 2025 performance where average selling prices were $2,395 per ton, up 2.6% sequentially, despite tons shipped decreasing by 3.2%. This suggests pricing power or contractual pass-throughs in the committed base.

Self-service, transactional model via the ryerson.com e-commerce platform

The transactional segment is a major focus for growth and flexibility. Ryerson Holding Corporation has been increasing its transactional business mix for the fifth consecutive quarter as of Q2 2025. This channel is supported by the ryerson.com platform, which facilitates direct, self-service purchasing. In Q1 2025, transactional sales specifically saw a 12% year-over-year increase. This model aligns with the bulk of the business, where revenue on products with an alternative use accounted for 86% of revenue as of June 30, 2025.

Here's a quick look at how the two primary customer relationship types break down based on the latest available revenue recognition data:

Relationship Type Proxy	Revenue Recognition Timing	Revenue Percentage (as of June 30, 2025)
Transactional / Spot Sales	At a point in time (Products with alternative use)	86%
Contractual / OEM Business	Over time (Products with no alternative use)	14%

High-touch technical support for complex fabrication projects

For projects requiring specialized processing, the relationship involves high-touch technical support, which is essential for value-added services. This support underpins the ability to command higher pricing, as seen by the Q3 2025 average selling price of $2,395 per ton. This service level helps differentiate Ryerson Holding Corporation from pure commodity distributors.

Key operational metrics reflecting customer engagement and market dynamics:

• Transactional sales increased 12% year-over-year in Q1 2025.
• Q3 2025 tons shipped were 485,000 tons.
• Q4 2025 shipment forecast projects a sequential decrease of 5% to 7%.
• Global liquidity stood at $521 million as of September 30, 2025.
• The company ended Q3 2025 with total debt of $500 million.

Finance: draft 13-week cash view by Friday.

Ryerson Holding Corporation (RYI) - Canvas Business Model: Channels

Ryerson Holding Corporation uses an intelligent network of branded service centers to reach its customers. This network includes over 110 physical service centers and warehouses across the United States, Canada, Mexico, and China.

The company supports this physical footprint with a direct sales approach. Ryerson Holding Corporation has approximately 4,300 employees, many of whom support direct sales and service functions. The focus on direct customer interaction is supported by growth in transactional business, which saw transactional sales increase by 12% year-over-year in the first quarter of 2025.

The e-commerce platform, ryerson.com, supports online ordering as part of its overall channel strategy. While specific revenue figures for the platform aren't detailed, the overall channel effectiveness is reflected in the total tons shipped across the network. The company is focused on operational productivity, with expense per ton sold decreasing by $32 year-over-year in the first quarter of 2025.

Logistics capacity, utilizing both company-owned and third-party fleets, moves significant volume through these channels. For example, in the first quarter of 2025, Ryerson Holding Corporation shipped 500,000 tons. Shipments were 485,000 tons in the third quarter of 2025. This movement of material is central to delivering the value-added processing and distribution services. The company is continuing the start-up and commissioning of major capital expenditure projects at service centers in locations like Shelbyville, KY, Norcross, GA, Dallas, TX, and Los Angeles, CA, to optimize these assets.

Here's a look at the volume moved through the distribution channels for the first three quarters of 2025:

Metric	Q1 2025	Q2 2025	Q3 2025
Revenue	$1.14 billion	$1.17 billion	$1.16 billion
Tons Shipped	500,000	Approx. 501,000	485,000
Average Selling Price/Ton	$2,271	(Implied higher than Q1)	$2,395

The network of over 110 locations provides the physical reach for these channel activities.

You should track the ongoing capital improvements as they directly impact the efficiency of these physical channels. Finance: draft 13-week cash view by Friday.

Ryerson Holding Corporation (RYI) - Canvas Business Model: Customer Segments

You're looking at how Ryerson Holding Corporation segments its diverse customer base, which spans about 40,000 customers across 107 facilities in North America and four in China as of early 2025. The company serves everyone from small local shops to massive international Original Equipment Manufacturers (OEMs).

The breakdown of Ryerson Holding Corporation's customer base by end market, based on the 2024 revenue figures, gives you a clear picture of where the bulk of the sales volume originates. For context, Ryerson Holding Corporation's annual revenue in 2024 was $4.60B.

Customer End Market (Based on 2024 Revenue)	Percentage of 2024 Revenue	Approximate 2024 Revenue Amount
Metal Fabrication & Machine Shops	23%	$1.058B
Commercial Ground Transportation	18%	$0.828B
Industrial Machinery & Equipment	16%	$0.736B
Consumer Durable	9%	$0.414B
Other/Unspecified End Markets	34%	$1.564B

Original Equipment Manufacturers (OEMs) with contractual needs

This group represents Ryerson Holding Corporation's larger, often more predictable, program business. While not broken out as a single segment in the end-market data, these customers are typically embedded within the major categories like Industrial Machinery & Equipment and Commercial Ground Transportation. You saw evidence of this segment's nature in the first quarter of 2025, where revenue performance was 'partially offset by weaker-than-expected demand among larger program accounts.' This suggests that contractual volume can be lumpy or subject to customer capital expenditure cycles. Ryerson Holding Corporation is actively working on modernizing its service center network, which CEO Eddie Lehner noted is aimed at improving earnings quality over time, likely to better serve these long-term partners.

Metal fabricators and machinery manufacturers

This is a core group, with Metal Fabrication & Machine Shops accounting for 23% of 2024 revenue, or about $1.058B. The Industrial Machinery & Equipment segment adds another 16%, or roughly $0.736B of 2024 revenue. These customers rely on Ryerson Holding Corporation for a variety of metals, including stainless steel, aluminum, and carbon steel.

Construction and heavy equipment producers

This specific group likely falls under the broader Industrial Machinery & Equipment category, which represented 16% of 2024 revenue. The demand from this segment is tied to broader economic activity and infrastructure spending. Ryerson Holding Corporation's ability to process nearly 80% of the materials it sells helps it meet the specific fabrication needs of this customer type.

Small-to-midsize businesses (SMBs) using transactional spot-buys

This segment is characterized by its reliance on transactional sales, which are typically smaller, non-contractual orders. Ryerson Holding Corporation showed strength here, as transactional sales increased by 12% year-over-year in the first quarter of 2025. This growth in transactional volume is a key indicator of market share gains in this highly fragmented part of the market, where competition is often based on price, service, and timely delivery. The company serves approximately 40,000 customers, a large portion of whom are these smaller, local fabricators.

• Ryerson Holding Corporation serves approximately 40,000 customers.
• Transactional sales grew 12% year-over-year in Q1 2025.
• The company operates across North America and China, with international locations accounting for 10.0% of consolidated 2024 net sales, or $457.6 million.
• In Q3 2025, Ryerson Holding Corporation generated revenue of $1.1615 billion.

Finance: review the Q3 2025 revenue mix against the 2024 percentages to see if the transactional growth translated into a higher percentage for the SMB-related segments by year-end.

Ryerson Holding Corporation (RYI) - Canvas Business Model: Cost Structure

You're looking at the core expenses driving Ryerson Holding Corporation's operations as of late 2025. The cost structure here is dominated by the materials themselves, which makes managing commodity price swings the single biggest factor in profitability.

Cost of Goods Sold (COGS) is the primary cost driver, heavily influenced by metal commodity prices, especially for stainless steel and aluminum, where price inflation was noted in Q3 2025. While the exact COGS figure isn't provided in isolation, the impact is visible through the gross margin performance. For instance, Ryerson Holding Corporation's gross margin in Q3 2025 was reported at 17.2%.

The accounting method used to manage inventory cost volatility introduces specific non-operating expenses that you need to track. The LIFO expense (Last-In, First-Out) was a direct reflection of this commodity pressure, totaling $13.2 million in the third quarter of 2025. This was consistent with the expense recorded in the second quarter of 2025.

Operating costs are managed tightly, though they still represent a substantial outlay. The Operating expenses, which include warehousing, delivery, selling, general, and administrative (SG&A) costs, totaled $200.5 million for the third quarter of 2025. This figure actually represented a sequential decrease of 1.5% compared to the second quarter of 2025, driven by lower variable expenses.

Here's a quick look at the key cost components and related balance sheet items from the third quarter of 2025:

Cost/Expense Category	Q3 2025 Amount (Millions USD)	Context/Target
Warehousing, Delivery, SG&A	$200.5	Q3 2025 Actual Expense
LIFO Expense	$13.2	Q3 2025 Actual Expense
Interest and Other Expense on Debt	$10.3	Q3 2025 Actual Expense
Total Debt	$500	Balance at End of Q3 2025

On the investment side, Ryerson Holding Corporation is managing its long-term spending carefully. Capital expenditures (CapEx) are targeted at $50 million for the full-year 2025. This level follows a record three-year investment cycle and focuses on operationalizing final components of those modernization projects while returning to a more normalized investment pace.

Financing costs are tied directly to the balance sheet leverage. The total debt stood at $500 million at the close of the third quarter of 2025, with net debt at $470 million. The cost of servicing this debt, reflected in the Interest and other expense on debt for Q3 2025, was $10.3 million.

You should keep an eye on these operational expenses, as they are a key area management can control:

• Warehousing and delivery costs are variable with shipment volumes.
• SG&A management is a focus, showing a sequential decrease in Q3 2025.
• The company is managing its asset base to reduce future maintenance CapEx.

Finance: draft 13-week cash view by Friday.

Ryerson Holding Corporation (RYI) - Canvas Business Model: Revenue Streams

The primary engine for Ryerson Holding Corporation revenue comes from the sales of processed and unprocessed industrial metals, which is the core of their distribution business. You saw this reflected clearly in the third quarter of 2025, where the company generated net sales of $1,161.5 million, which was in-line with their guidance for that period. This revenue was achieved even while facing protracted weak demand and tariff pricing conditions in the market.

To give you a clearer picture of the Q3 2025 performance driving that top line, here are the key operational metrics:

Metric	Q3 2025 Value	Q2 2025 Comparison (QoQ)	Q3 2024 Comparison (YoY)
Revenue ($ in millions)	$1,161.5	(0.7) %	3.1 %
Tons Shipped (in thousands)	485	(3.2) %	- % (Flat)
Average Selling Price/Ton	$2,395	Up 2.6 %	Up 3.1 %

The composition of that revenue stream shows a clear dynamic between different customer types. Transactional sales, which represent the spot market business, have been a definite area of strength for Ryerson Holding Corporation. This segment has been growing, with the transactional business mix increasing for the fifth consecutive quarter as of Q2 2025. For instance, in the first quarter of 2025, transactional sales increased by 12% YoY. This self-help driven transactional field business was noted as pulling the plow, even as other areas struggled.

Conversely, the contractual sales stream to large OEM customers has been under pressure. Areas of particular weakness in Q3 2025 included OEM contract shipments. Customer activity was described as turning increasingly cautious, especially within that larger contractual book of business during the second quarter of 2025.

Ryerson Holding Corporation also generates revenue from value-added service fees. These services include things like cutting, forming, and assembly, which add margin to the base metal sales. While specific revenue percentages for these services aren't broken out in the headline figures, they are integral to the value proposition. The company continues to progress on operationalizing new investments made over the past three years, which supports the efficiency and delivery of these services.

The commitment to shareholders through dividends is also supported by these revenue streams. Ryerson Holding Corporation declared a fourth-quarter 2025 dividend of $0.1875 per share, which translated to a cash return of $6.0 million in the third quarter of 2025.

You can see the revenue sources broken down by activity type here:

• Sales of processed and unprocessed industrial metals form the base revenue.
• Transactional sales (spot market) are growing, increasing for five straight quarters through Q2 2025.
• Contractual sales to large OEM customers faced weakness in Q3 2025.
• Value-added service fees support the overall margin structure.

Finance: draft 13-week cash view by Friday.