Company: ZEUS
Filing Date: 2025-10-28
Form Type: 425
Source: 0001437749-25-032004
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

Commercial Team Talking Points (for Conversations with Customers and Suppliers)

| ● | Today, in a joint press release, Ryerson and Olympic Steel announced our agreement to merge. |

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

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

| ● | Continue to contact me and the Olympic Steel team as you always have. |

| ● | [If applicable] Our contract and pricing discussions will also continue 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 we’re excited that, upon closing, we will be able to offer our customers a larger network of services and support. |

| ● | 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. |

| ● | Until completion of the transaction, there’s not much else we can share, but as soon as more information becomes available, I will pass it along. |

[NOTE TO COMMERCIAL TEAM MEMBERS: Please make every attempt to call/visit and speak with your customers/suppliers in person. If you need to leave a message or are unable to reach one of your contacts, we suggest sending them the link to the press release and asking that they give you a call at a time that is convenient. Press release -https://www.olysteel.com/news]

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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This communication includes statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by the use of predictive, future-tense or forward-looking terminology, such as