Company: ZEUS
Filing Date: 2025-10-28
Form Type: 425
Source: 0001437749-25-032012
Chunk: 0

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-28
Form: 425
Chunk 0
---
Filed by Olympic Steel, Inc.

Pursuant to Rule 425 Under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

Subject Company: Olympic Steel, Inc.

Commission File No.: 0-23320

NEWS RELEASE

### Olympic Steel Reports Third-Quarter 2025 Results
<div align='center'>Company has entered into a definitive merger agreement with Ryerson

Strong performance from Specialty Metals Segment and manufactured products companies drove third-quarter earnings

Proven track record of acquisitions and organic growth initiatives underscores a stronger, more resilient Company</div>

CLEVELAND—October 28, 2025—Olympic Steel, Inc. (Nasdaq: ZEUS),a leading national metals service center, today announced financial results for the three months ended September 30, 2025.

Net income for the third quarter totaled $2.2 million, or $0.18 per diluted share, compared with net income of $2.7 million, or $0.23 per diluted share, in the third quarter of 2024. The results include $0.1 million of LIFO expense in the third quarter of 2025 and $2.0 million of LIFO income in the third quarter of 2024. Adjusted EBITDA for the third quarter of 2025 was $15.4 million, compared with $13.0 million in the third quarter of 2024.

The Company reported sales totaling $491 million in the third quarter of 2025, up 4.5% compared with $470 million in the third quarter of 2024.

“Olympic Steel’s third-quarter performance demonstrates the resilience of our business model,” said Richard T. Marabito, Chief Executive Officer. “Despite softer demand caused by trade and interest rate uncertainty, our margins remained solid and we generated $15.4 million of Adjusted EBITDA. All three business segments contributed to profitability, with Specialty Metals performing especially well, with its strongest shipping quarterly volume in the past three years.”

Marabito continued, “Our ability to consistently deliver profitable results amid continued economic uncertainty and recessionary-like conditions for the industrial sector is a testament to the successful execution of our strategy. By diversifying our business, focusing on higher-margin opportunities, maintaining operational discipline and investing to drive efficiency and growth, we have strengthened our competitiveness. Our consolidated year-to-date volumes have outpaced the industry, expanding our