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Olympic Steel Shareholders Approve Merger with Ryerson Holding

Story Highlights
  • Olympic Steel is a major U.S. metals service center specializing in value-added steel and aluminum processing.
  • On February 12, 2026, shareholders approved Olympic Steel’s stock-for-stock merger into Ryerson, ending its Nasdaq listing.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Olympic Steel Shareholders Approve Merger with Ryerson Holding

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The latest update is out from Olympic Steel ( (ZEUS) ).

Olympic Steel, a Cleveland-based U.S. metals service center specializing in value-added processing and distribution of carbon, stainless and aluminum products, operates 53 facilities and serves metal-intensive end markets across the country.

On February 12, 2026, Olympic Steel shareholders and Ryerson Holding Corporation stockholders approved a merger under which Olympic Steel will become a wholly owned Ryerson subsidiary, with Olympic investors receiving 1.7105 Ryerson shares per Olympic share and trading in Olympic Steel stock on Nasdaq set to cease upon the anticipated closing of the transaction on February 13, 2026, marking a significant consolidation in the industrial metals distribution sector.

The most recent analyst rating on (ZEUS) stock is a Buy with a $58.00 price target. To see the full list of analyst forecasts on Olympic Steel stock, see the ZEUS Stock Forecast page.

Spark’s Take on ZEUS Stock

According to Spark, TipRanks’ AI Analyst, ZEUS is a Neutral.

ZEUS scores highest on financial stability and cash generation (low leverage and rising free cash flow), but the overall score is held back by weak profitability and slightly declining revenue. Technically, the uptrend is strong, yet extreme overbought signals raise pullback risk. Valuation is the biggest negative due to a high P/E with only a modest dividend yield.

To see Spark’s full report on ZEUS stock, click here.

More about Olympic Steel

Olympic Steel, Inc., founded in 1954 and headquartered in Cleveland, Ohio, is a leading U.S. metals service center focused on the direct sale and value-added processing of carbon and coated sheet, plate and coil steel products.

The company’s portfolio also spans stainless and aluminum sheet, plate, bar and coil, pipe and tube, valves and fittings, tin plate, metal-intensive end-use products such as stainless steel bollards, venting and air filtration systems, self-dumping hoppers, and metal canopy components, operated from 53 facilities nationwide.

Average Trading Volume: 105,425

Technical Sentiment Signal: Buy

Current Market Cap: $546.6M

See more data about ZEUS stock on TipRanks’ Stock Analysis page.

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