Ryerson Holding Corp (NYSE: RYZ)

Ryerson Holding Corporation is a value added processor and distributor of industrial metals operating in the United States Canada Mexico and China through its subsidiaries. The company purchases bulk metal from producers processes it to customer specifications and distributes the finished products to a broad base of manufacturing customers.

Ryerson Holding Corporation generates revenue primarily from the sale of carbon steel stainless steel aluminum alloy steels and a limited line of nickel and red metals. In addition the company offers value added processing services such as cutting bending machining and welding which are applied to nearly eighty percent of the products it sells. The company serves approximately forty thousand customers across diverse manufacturing end markets ranging from small independent fabricators to large original equipment manufacturers.

Ryerson Holding Corporation ranks among the largest value added metal service centers in North America and after its merger with Olympic Steel it became the second largest metals service center in the region. The company benefits from a extensive network of over one hundred facilities in the United States Canada and Mexico plus three facilities in China which enables timely delivery and inventory sharing across locations. Its competitive advantages include a broad product mix that covers carbon stainless steel alloy and aluminum products a deep suite of value added processing capabilities long standing relationships with major metal producers and a focus on low operating costs. The fragmented nature of the industry means that Ryerson faces competition from numerous regional and national service centers but its scale and integrated logistics provide a distinct edge.

The company serves approximately forty thousand customers spanning industries such as commercial transportation fabrication and welding machinery and equipment consumer products heavy equipment climate power and machine shop sectors. No single customer accounts for more than six percent of sales and the top ten customers together represent roughly fifteen percent of total revenue. The customer base includes small independent shops as well as large multinational original equipment manufacturers.