Company: ZEUS
Filing Date: 2025-10-28
Form Type: 425
Source: 0001437749-25-032005
Chunk: 0

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-28
Form: 425
Chunk 0
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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

Ryerson–Olympic Steel Merger

Talking Points for Managers (Small Group Employee Meetings)

| ● | This evening, in a joint public announcement, Ryerson Holding Company, known most commonly in the industry as simply “Ryerson,” and Olympic Steel announced their agreement to merge, which would make Olympic Steel a member of the Ryerson Family of Companies. |

| ● | Once we close, Olympic Steel will become a wholly owned subsidiary of Ryerson. We will still do business as Olympic Steel [or subsidiary brand name]. |

| ● | I’m sure you have a lot of questions, which is why we are passing out a document with Frequently Asked Questions (FAQs). |

| ● | Let me assure you that, upon closing, your employer will continue to be Olympic Steel [or current subsidiary brand]. There are no plans to change your pay, benefits, job title, responsibilities and supervisor– nor are there plans to change our existing policies. |

| ● | Across Olympic Steel, it’s business as usual. |

| ● | Until we close, Olympic Steel and Ryerson will remain separate companies, meaning we must continue to act independently and not collaborate with Ryerson employees on anything related to the business, including not jointly interacting with customers or suppliers. |

| ● | Overall, this is great news for Olympic Steel and for all of us. |

| ● | Joining Ryerson means more resources and potentially more opportunities for us to grow here and into roles outside of our [department/division]. |

| ● | Take some time to review the FAQ document, and if you have any questions, feel free to come see me. |

| ● | There’s still a lot of work in progress, because the merger won’t close until the first quarter of next year, subject to customary closing conditions and other approvals. |

| ● | We will share more information as it becomes available. |

| ● | Should anyone from outside of Olympic Steel reach out to you looking for information or a comment about the merger, direct them to our local Leadership Team or our Corporate Communications & Marketing department. |

| ● | None of us should comment. We have Corporate teams in place to respond to questions on behalf of the