Ryerson Completes Sale of Joint Venture Interest in India

CHICAGO, July 10 /PRNewswire/ -- Ryerson Inc. has completed the sale of its 50
percent equity interest in Tata Ryerson Ltd. to Tata Steel Ltd. Founded in
1997 as a 50/50 joint venture between Tata Steel and Ryerson, Tata Ryerson has
grown to become one of India's leading steel service centers. Pre-tax proceeds
of the transaction were $49 million.

About Ryerson Inc.
Ryerson Inc. is a leading distributor and processor of metals in North America
and China. The Company services customers through a network of service centers
across the United States, Canada and China.

About Platinum Equity
Platinum Equity (www.platinumequity.com) is a global M&A&O(R) firm
specializing in the merger, acquisition and operation of companies that
provide services and solutions to customers in a broad range of business
markets, including information technology, telecommunications, logistics,
metals services, manufacturing and distribution. Since its founding in 1995 by
Tom Gores, Platinum Equity has completed nearly 100 acquisitions with more
than $27.5 billion in aggregate annual revenue at the time of acquisition.

SOURCE Ryerson Inc.

Terence R. Rogers, EVP and CFO of Ryerson Inc., +1-773-788-3720,
terence.rogers@ryerson.com