Company: ZEUS
Filing Date: 2025-10-29
Form Type: 425
Source: 0001193125-25-256374
Chunk: 10

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-29
Form: 425
Chunk 10
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Ryerson side, your investment?

Edward Lehner: Yeah. Thanks, Rick. When I started with Nucor in 1992, Ken Iverson, legendary CEO of Nucor, stopped in my
office and was just talking about the story of Crawfordsville. And he was saying that when they built Crawfordsville in 1987, they were losing $1 million a week on the project, and they were asking Ken how he slept, and he said he slept just
like a baby. He woke up in the night and cried every hour. When you do CapEx and you do green fields and you do big projects to modernize your company, they all don’t go beautifully, and you have to grind through it, but it’s worth it.
And certainly, as we’ve gone through this downturn, which has lasted for three years, I mean, Rick said that we’re due for some tailwinds for the last three years. All we’ve had is face burn.

So when you look at the CapEx investments we’ve made, we made record CapEx investments to invest in our future. And as we see upside
operating leverage and opportunities for the cycle to inflect, and certainly with a combined Olympic and Ryerson. When you look at University Park, 900,000ft² of modern service center space for long products, and two primarily. When you look at
Shelbyville, which was a fantastic investment in our non-ferrous franchise that’s located so close to the breadbasket of non-ferrous supply in the United States.

You look at the release of Ryerson.com 3.0 as we go further and further into digital commerce. So that’s a synergy between Ryerson
and Olympic as we go forward to bring a lot of the digital investments we’ve made and to actually put those in at scale in a very thoughtful way as we go forward as a combined company. And we have the Atlanta Tube Laser Center. We’ve
made significant investments and we’ve gone from nothing in 2016 to more than ten work centers in Norcross, which has been a wonderful success story. And if you pair that up, for example, with Chicago Tube and Iron, which is in the Midwest,
you can see a powerful synergy in that franchise of high value add between tube lasering and sheet lasering.

And then, of course, we took
a big swing on ERP integration. We’ve mentioned this before, in our South