Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 165

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 165
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s/ Michael D. Siegal |
| Michael D. Siegal     |

Exhibit 10.2 OLYMPIC STEEL, INC. October 28, 2025 BY ELECTRONIC MAIL Richard Marabito:

| Re: | Continued Employment Letter Agreement |

Dear Richard: As you are aware, Olympic Steel, Inc., an Ohio corporation (the “ Company”), is negotiating an Agreement and Plan of Merger (the “ Merger Agreement”) to be entered into concurrently herewith between the Company and Ryerson Holding Corporation, a Delaware corporation (the “ Parent”), pursuant to which, upon the consummation of the transactions contemplated therein, the Company would be merged with and into a subsidiary of Parent and the Company and each of its direct and indirect subsidiaries will become directly and indirectly wholly owned subsidiaries of Parent (the “ Merger”). Reference is made to that certain memorandum of Employment Continuation and Severance Plan, issued to you by the Company, dated as of December 27, 2023 (the “ Prior Continuation Letter”). The purpose of this letter agreement (this “ Letter Agreement”) is to memorialize our collective understanding regarding your continued employment with the combined companies following the consummation of the transactions contemplated by the Merger Agreement (the “ Closing”). In connection with, and upon the occurrence of, the Closing, you will be appointed as the President and Chief Operating Officer of Parent (the “ Appointment”) and will have duties and responsibilities typically associated with such title, together with such other duties and responsibilities consistent with your position as reasonably assigned to you from time to time. If the Merger is not consummated for any reason, this Letter Agreement will be void ab initio. Compensation Base Salary Upon your Appointment, you will remain eligible to receive the same annual rate of base salary of $975,000. Your base salary may be adjusted at the sole discretion of the Board of Directors of Parent (the “ Parent Board”) or an authorized committee thereof from time to time, provided, however, in no event shall your base salary be reduced below this level without your written consent. Annual Cash Incentive The Closing is expected to occur during 2026, and for the 2026 fiscal year, you will be eligible to receive an annual cash bonus opportunity under the Company’s expected annual bonus program for the 2026 fiscal year, as determined in a manner consistent with the terms set forth on Exhibit Ahereto (the “ 2026 Annual Bonus”). Commencing with the 2027 fiscal year