Debt ManagementDespite not repurchasing shares, Ryerson reduced its gross debt balance, which is seen as a positive move.
Financial OutlookRyerson expects shipments to increase by 11% to 13% quarter-over-quarter, with an expected adjusted EBITDA above prior expectations.
Order ActivityRyerson has seen a significant increase in order activity recently, especially in the spot/transactional and value-added sales, with bookings at their highest level since late 2021.