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Exhibit 99.1 Ryerson Reports Third Quarter 2021 Results Record results , increased shareholder returns , significant further de - risking of the balance sheet ; notable investments in value - added capabilities , our intelligent service center network and the customer experience CHICAGO - November 3 , 2021 – Ryerson Holding Corporation ( NYSE : RYI ) , a leading value - added processor and distributor of industrial metals , today reported results for the third quarter ended September 30 , 2021 . Q3 2021 Highlights : Achieved third quarter revenue of $ 1.6 billion Generated earnings per diluted share of $ 1.27 and adjusted earnings per diluted share of $ 3.25 Achieved record Adjusted EBITDA , excluding LIFO of $ 301 million Achieved record gross margin of 23.1 % and gross margin , excluding LIFO of 29.6 % Ended the quarter with $ 633 million of net debt and achieved a leverage ratio of 1.0x Realized sequential operating expense leverage with warehousing , delivery , general , & administrative expense 11.4 % of sales Announced a quarterly cash dividend increase to $ 0.085 per share Announced the construction of two build - to - suit , state - of - the - art facilities in Centralia , WA and University Park , IL Acquired Specialty Metals Processing , a toll processor that will complement our stainless franchise Further reduced pension exposure through the annuitization of over $ 200 million of pension liabilities Total book value of equity increased to $ 428 million , a nearly 200 % increase since year - end 2020 $ in millions , except tons ( in thousands ) , average selling prices , and earnings per share Financial Highlights : Q3 2021 Q3 2020 Q2 2021 YOY QoQ YTD 2021 YTD 2020 Tons Shipped Revenues 519 $ 1,575.1 $ Average selling prices Gross Margin Gross Margin , excl . LIFO $ 3,035 $ 489 831.5 $ 1,700 $ 559 1,419.0 6.1 % 89.4 % ( 7.2 % ) 11.0 % $ 2,538 78.5 % 19.6 % $ 1,621 4,141.4 $ 2,555 $ 1,517 2,613.6 1,723 23.1 % 18.7 % 18.1 % 440 bps 500 bps 19.8 % 17.9 % 29.6 % 16.7 % 25.5 % 1,290 bps 410 bps 26.8 % 17.0 % Warehousing , delivery , general , & administrative expenses $ 180.2 $ 125.4 $ 178.3 43.7 % 1.1 % GA $ 530.3 $ 405.2 As a percentage of revenue 11.4 % 15.1 % 12.6 % ( 370 bps ) ( 120 bps ) 12.8 % 15.5 % Net income ( loss ) $ 49.7 $ ( 39.9 ) $ 112.9 $ Diluted earnings ( loss ) per share Adjusted net income Adjusted diluted earnings per share Adj . EBITDA , excl . LIFO SASASASA $ 1.27 $ ( 1.05 ) $ $ 126.9 $ $ 3.25 $ $ As a percentage of revenue 301.0 $ 19.1 % 11.9 $ 0.31 $ 31.4 $ 3.8 % 2.91 $ 47.9 $ 1.24 197.4 SSSS A 89.6 2.32 115.0 $ 13.9 % 2.94 269.6 1,530 bps SSSSA $ ( 63.2 ) $ 187.9 $ ( 49.1 ) $ ( 1.64 ) $ 4.84 $ ( 1.29 ) $ 79.0 $ 185.0 2.01 $ 4.77 $ 103.6 $ 520 bps 621.9 $ 15.0 % SSS 3.5 0.09 86.4 3.3 % Balance Sheet and Cash Flow Highlights : Net debt $ 633 $ 692 $ 563 Net debt / LTM Adj . EBITDA , excl . LIFO Cash Conversion Cycle 1.0x 68.1 5.2x 1.5x 69.7 54.9 Net cash provided by ( used in ) operating activities $ ( 20.7 ) $ 120.6 $ ( 3.8 ) $ ( 8.5 % ) 12.5 % $ 633 $ 692 ( 4.2x ) ( 1.6 ) ( 0.5x ) 13.2 1.0x 5.2x 60.4 77.8 ( 141.3 ) $ ( 16.9 ) $ ( 71.8 ) $ 296.7 A reconciliation of non - GAAP financial measures to the comparable GAAP measure is included below in this news release .