<PAGE>

                                                                           2000
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                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                               ----------------

                                   FORM 10-K

(Mark
One)

  [X]            ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
                    OF THE SECURITIES EXCHANGE ACT OF 1934

                  For the fiscal year ended December 31, 2000

                                      OR

  [_]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                      For the Transition period from to

                          Commission File No. 1-9117

                               ----------------

                              RYERSON TULL, INC.
            (Exact name of registrant as specified in its charter)

                  Delaware                             36-3425828
          (State of Incorporation)        (I.R.S. Employer Identification No.)
  2621 West 15th Place, Chicago, Illinois                 60608
  (Address of principal executive offices)              (Zip Code)

      Registrant's telephone number, including area code: (773) 762-2121

          Securities registered pursuant to Section 12(b) of the Act:

<TABLE>
<CAPTION>
             Title of each class                 Name of each exchange on which registered
             -------------------                 -----------------------------------------
<S>                                            <C>
       Common Stock ($1.00 par value),                 New York Stock Exchange, Inc.
  including Preferred Stock Purchase Rights
</TABLE>

                               ----------------

          Securities registered pursuant to Section 12(g) of the Act:
                                     None

                               ----------------

   Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports) and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [_] .

   Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to
the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [X]

   As of March 20, 2001 the aggregate market value of the voting stock of the
registrant held by nonaffiliates of the registrant was approximately
$270,253,364.(/1/)

   The number of shares of Common Stock ($1.00 par value) of the registrant
outstanding as of March 20, 2001 was 24,774,683.
--------
(1) Excluding stock held by directors and executive officers of registrant,
    without admission of affiliate status of such individuals for any other
    purpose.

                      DOCUMENTS INCORPORATED BY REFERENCE

   Parts I and II of this Report on Form 10-K incorporate by reference certain
information from the Annual Report to Stockholders for the fiscal year ended
December 31, 2000. Part III of this Report on Form 10-K incorporates by
reference certain information from the registrant's definitive Proxy Statement
which has been furnished to stockholders in connection with the Annual Meeting
of Stockholders of the registrant scheduled to be held on April 18, 2001.

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<PAGE>

                                    PART I

ITEM 1. BUSINESS.

   Ryerson Tull, Inc. ("Ryerson Tull"), a Delaware corporation, is the sole
stockholder of Joseph T. Ryerson & Son, Inc. ("Ryerson") and J. M. Tull Metals
Company, Inc. ("Tull") (unless the context indicates otherwise, Ryerson Tull,
Ryerson and Tull, together with their subsidiaries, are collectively referred
to herein as the "Company"). The Company has a single business segment, which
is comprised primarily of Ryerson and Tull, leading steel service,
distribution and materials processing organizations. The Company also owns
certain joint venture interests, which are not material, in certain foreign
operations discussed below.

Operations

   The Company conducts its materials distribution operations in the United
States through its operating subsidiaries, Ryerson and Tull; in Canada through
Ryerson Tull Canada, Inc., formerly known as Washington Specialty Metals,
Inc.; in Mexico through Ryerson Industries de Mexico, S.A. de C.V.; in China
through Shanghai Ryerson Limited; and in India through Tata Ryerson Limited;
and is organized into four business units along regional and product lines.
The Company is a leading metals service center in the United States based on
sales revenue, with 2000 sales of $2.86 billion. It has a current U.S. market
share of approximately 11%, based on its analysis of data prepared by the
Steel Service Center Institute ("SSCI"). The Company distributes and processes
metals and other materials throughout the continental United States, and is
among the largest purchasers of steel in the United States.

Industry Overview

   Primary steel producers typically sell steel in the form of standard-sized
coils, sheets, plates, structurals, bars and tubes, and generally sell in
large volumes with long lead times for production and delivery. Other primary
metals producers, such as producers of stainless steel and aluminum, also
typically sell their products in large volumes with long lead times for
production and delivery. However, many customers seek to purchase metals with
customized specifications, including value-added processing, in smaller
volumes, on shorter lead times and with more reliable delivery than primary
metals producers are able to provide. Metals service centers act as
intermediaries between primary metals producers and customers by purchasing
metals in a variety of shapes and sizes from primary metals producers in large
volumes, allowing metals service centers to take advantage of producer
economies of scale resulting in lower costs of materials purchased, and
engaging in a variety of distribution and value-added processing operations to
meet the demands of specific customers. Because metals service centers
purchase metals from a number of primary producers, they can maintain a
consistent supply of various types of metal used by their customers. By
purchasing products from metals service centers, customers may be able to
lower their inventory levels, decrease the time between the placement of an
order and receipt of materials and reduce internal expenses, thereby lowering
their total cost of raw materials. The Company believes that the increased
prevalence of just-in-time inventory needs of manufacturers and intermediate
processors has made and will continue to make the value-added inventory,
processing and delivery functions performed by metals service centers more
important in the metals market.

   The industry is cyclical, impacted both by market demand and metals supply.
Periods of strong and weak market demand principally are due to the cyclical
nature of the industries in which the largest consumers of metals operate. Any
significant slowdown in one or more of those industries could have a material
adverse effect on the demand for metals, resulting in lower prices for metals
and reduced profitability for metals service centers, including the Company.
Metals prices and metals service center profitability generally improve as
metal-consuming industries recover from economic downturns. However, excess
supply of metals can, even in periods of strong demand, result in lower prices
for metals and adversely impact profitability.

   The industry is comprised of many companies, the majority of which have
operations limited as to product line and size of inventory, with customers
located in a specific geographic area. Based on SSCI data, the

                                       1
<PAGE>

Company believes that the industry is comprised of over 5,000 service center
locations, operating throughout the U.S. in every state and servicing over
300,000 customers. The industry is highly fragmented, consisting of a large
number of small companies and a few relatively large companies. In general,
competition is based on quality, service, price and geographic proximity.
Based on the Company's analysis of SSCI data, the industry handled
approximately 29.6 million tons, or approximately 26.5%, of the metals
distributed in the United States in 2000.

   The industry is divided into three major groups: general line service
centers, specialized service centers and processing centers, each of which
targets different market segments. General line service centers handle a broad
line of metals products and tend to concentrate on distribution rather than
processing. General line service centers range in size from one location to a
nationwide network of locations. For general line service centers, individual
order size in terms of dollars and tons tends to be small relative to
processing centers, while the total number of orders is typically very high.
Specialized service centers focus their activities on a narrower range of
product and service offerings than general line companies. Such service
centers provide a narrower range of services to their customers and emphasize
product expertise and lower operating costs, while maintaining a moderate
level of investment in processing equipment. Processing centers typically
process large quantities of steel purchased from primary producers for resale
to large industrial customers, such as the automotive industry. Because orders
are typically large, operation of a processing center requires a significant
investment in processing equipment.

   The Company competes with many other general line service centers,
specialized service centers and processing centers on a regional and local
basis, some of which may have greater financial resources and flexibility than
the Company. The Company also competes to a lesser extent with primary steel
producers. Primary steel producers typically sell to very large customers that
require regular shipments of large volumes of steel. Although these large
customers sometimes use metals service centers to supply a portion of their
metals needs, metals service center customers typically are consumers of
smaller volumes of metals than customers of primary steel producers. Although
the Company purchases from foreign steelmakers, some of the Company's
competitors purchase a higher percentage of metals than the Company from
foreign steelmakers. Such competitors may benefit from favorable exchange
rates or other economic or regulatory factors that may result in a competitive
advantage. This competitive advantage may be offset somewhat by higher
transportation costs and less dependable delivery times associated with
importing metals into the United States. Excess capacity of metals relative to
demand in the industry since mid-1995 led to a weakening in prices.
Notwithstanding brief periods of price increases, the Company was generally
reducing its prices from mid-1995 through 2000 to remain competitive.

Products and Services

   The Company carries a full line of carbon steel, stainless steel and
aluminum, and a limited line of alloy steel, nickel, red metals and plastics.
These materials are inventoried in a number of shapes, including coils,
sheets, rounds, hexagons, square and flat bars, plates, structurals and
tubing.

   The following table shows the Company's percentage of sales revenue by
major product lines for 1998, 1999 and 2000:

<TABLE>
<CAPTION>
                                                               Percentage of
                                                               Sales Revenues
                                                               ----------------
      Product Line                                             1998  1999  2000
      ------------                                             ----  ----  ----
      <S>                                                      <C>   <C>   <C>
      Carbon flat rolled......................................  30%   32%   33%
      Stainless and aluminum..................................  25    29    29
      Fabrication and carbon plate............................  20    18    18
      Bars, tubing and structurals............................  20    17    16
      Other...................................................   5     4     4
                                                               ---   ---   ---
        Total................................................. 100%  100%  100%
                                                               ===   ===   ===
</TABLE>

                                       2
<PAGE>

   More than one-half of the materials sold by the Company is processed. The
Company uses techniques such as sawing, slitting, blanking, pickling, cutting
to length, leveling, flame cutting, laser cutting, edge trimming, edge
rolling, fabricating and grinding to process materials to specified thickness,
length, width, shape and surface quality pursuant to specific customer orders.
Among the most common processing techniques used by the Company are pickling,
a chemical process using an acidic solution to remove surface oxide, commonly
called "scale," from steel which develops after the steel is hot rolled;
slitting, which is cutting coiled metals to specified widths along the length
of the coil; leveling, which is flattening metals and cutting them to exact
lengths; and edge rolling, a process which imparts round or smooth edges.
Although the Company often uses third-party fabricators to outsource certain
limited processes that the Company is not able to perform internally,
outsourcing these processes does not affect a significant part of the
Company's operations or constitute a significant part of its operating costs
and expenses.

   The plate burning and fabrication processes are particularly important to
the Company. These processes require sophisticated and expensive processing
equipment. As a result, rather than making investments in such equipment,
manufacturers have increasingly outsourced these processes to metals service
centers.

   The Company also provides services and technical advice to its customers as
an integral part of providing products to its customers. It does not charge
customers separately for such services or advice, but rather includes the
costs of such services and advice in the price of products sold to such
customers.

   The Company's services include: just-in-time delivery, production of kits
containing multiple products for ease of assembly by the customer, the
provision of the Company-owned materials to the customer and the placement of
the Company employees at a customer's site for inventory management,
production and technical assistance. The Company also provides special
stocking programs in which products that would not otherwise be stocked by the
Company are held in inventory to meet certain customers' needs. The foregoing
services are designed to reduce customers' costs by minimizing their
investment in inventory and improving their production efficiency.

Customer Base

   The Company's customer base is diverse, numbering over 45,000. No customer
accounted for more than 5% of Company sales in 2000, and the top ten customers
accounted for approximately 13% of its sales in 2000. The Company's customer
base includes most metal-consuming industries, most of which are cyclical. The
following table shows the Company's percentage of sales revenue by class of
customers for 1998, 1999 and 2000:

<TABLE>
<CAPTION>
                                                               Percentage of
                                                               Sales Revenues
                                                               ----------------
      Class of Customer                                        1998  1999  2000
      -----------------                                        ----  ----  ----
      <S>                                                      <C>   <C>   <C>
      Machinery manufacturers.................................  35%   31%   30%
      Fabricated metals producers.............................  26    27    26
      Electrical machinery producers..........................  10    11    13
      Transportation equipment producers......................  10    10     9
      Construction-related purchasers.........................   4     5     5
      Wholesale distributors..................................   4     4     4
      Metals mills and foundries..............................   2     2     3
      Other...................................................   9    10    10
                                                               ---   ---   ---
        Total................................................. 100%  100%  100%
                                                               ===   ===   ===
</TABLE>

   The Company's flat-rolled processing business unit, Ryerson Tull Coil
Processing ("RTCP"), generally serves a customer base that differs from the
Company's general line service center business. A large portion of RTCP's
customers has supply contracts typically at fixed prices and from three months
to one year in duration.

                                       3
<PAGE>

RTCP has a small number of arrangements with large customers that extend
beyond one year. RTCP attempts to limit its financial exposure on these fixed-
price sales arrangements by entering into fixed-price supply arrangements with
one or more suppliers for comparable periods of time. RTCP's customers often
seek large quantities of carbon sheet product that have undergone one or more
of the following processes: pickling, cutting to length, slitting, tension
leveling, texturing or blanking. Many of RTCP's approximately 650 customers
are in the transportation equipment, appliance, office furniture or cabinetry
businesses.

Suppliers

   In 2000, the Company purchased approximately 3.5 million tons of materials
from many suppliers throughout the world. The Company's top 25 suppliers
accounted for approximately 60% of 2000 purchase dollars. The only supplier
that accounted for 10% or more of the 2000 purchase dollars was Ispat Inland
Inc. ("Ispat") which accounted for approximately 11.8% of purchase dollars.

   The Company purchases the majority of its inventories at prevailing market
rates from strategic suppliers with which it has established relationships in
order to obtain improvements in price, quality, service, delivery and
performance. In order to minimize its financial exposure, the Company from
time to time matches its long-term fixed-price sales contracts for specific
customers with long-term fixed-price supply contracts. Because the Company
uses many suppliers, there is a substantial overlap of product offerings from
these suppliers, and there are a number of other suppliers able to provide
identical or similar products, the Company believes it will be able to meet
its materials requirements for the foreseeable future. The Company believes it
has good relationships with most of its suppliers.

Sales and Marketing

   Each of the Company's business units maintains its own sales and marketing
force. In addition to its office sales staff, the Company markets and sells
its products through the use of its field sales force that has extensive
product and customer knowledge and through a comprehensive catalog of the
Company's products. The Company's office and field sales staffs, which
together consist of approximately 750 employees, include technical and
metallurgical personnel. In addition, its technically oriented marketing
departments develop advertising materials and maintain product expertise for
each of the various types of materials sold and industries serviced by it.

Capital Expenditures

   In recent years the Company has made capital expenditures to maintain,
improve and expand processing capabilities. Additions by the Company to
property, plant and equipment, together with retirements for the five years
ended December 31, 2000, excluding the initial purchase price of acquisitions,
are set forth below. Net capital additions during such period aggregated $93.0
million.

<TABLE>
<CAPTION>
                                                      Dollars in Millions
                                               ---------------------------------
                                                         Retirements Net Capital
                                               Additions  or Sales    Additions
                                               --------- ----------- -----------
      <S>                                      <C>       <C>         <C>
      2000....................................   34.7       11.5        23.2
      1999....................................   31.6       20.1        11.5
      1998....................................   40.1       30.2         9.9
      1997....................................   41.3       12.0        29.3
      1996....................................   25.1        6.0        19.1
</TABLE>

   NOTE: The above does not include capital expenditures related to
discontinued operations.

   The Company anticipates that capital expenditures, excluding acquisitions,
will be in the range of $30 million to $40 million for 2001, which it expects
will be funded from cash generated by operations.

                                       4
<PAGE>

Employees

   As of December 31, 2000, the Company employed approximately 4,500 persons,
of which approximately 2,200 were salaried employees and approximately 2,300
were hourly employees. Approximately 62% of the hourly employees were members
of various unions, including the United Steelworkers and the Teamsters. The
Company's relationship with the various unions generally has been good and
over the last five years, there have been no work stoppages. The Company is
currently negotiating with the Joint Teamsters and Steelworkers Unions
regarding a first contract covering approximately 800 employees at four
locations in Chicago that previously were not unionized. During 2001,
contracts covering approximately 100 employees at four facilities will expire.
During 2002, contracts covering approximately 66 employees at four facilities
will expire. The current agreement with the United Steelworkers will expire on
July 31, 2003, and agreements with the Teamsters expire on various dates
during the period August 31, 2001 through October 31, 2004. While management
does not expect any unresolvable issues to arise in connection with the
renewal of existing contracts or negotiations of the first contract in
Chicago, no assurances can be given that labor disruptions will not occur or
that any of these contracts will be extended prior to their expiration.

Environmental, Health and Safety Matters

   The Company's operations are subject to many federal, state and local
regulations relating to the protection of the environment and to workplace
health and safety. In particular, its operations are subject to extensive
federal, state and local laws and regulations governing waste disposal, air
and water emissions, the handling of hazardous substances, environmental
protection, remediation, workplace exposure and other matters. The Company's
management believes that it is presently in substantial compliance with all
such laws and does not currently anticipate that it will be required to expend
any substantial amounts in the foreseeable future in order to meet current
environmental, workplace health or safety requirements. However, additional
costs and liabilities may be incurred to comply with current and future
requirements, which costs and liabilities could have a material adverse effect
on the Company's results of operations or financial condition.

   There are no known pending remedial actions or claims relating to
environmental matters that are expected to have a material effect on the
Company's financial position or results of operations. Some of the properties
owned or leased by the Company, however, are located in industrial areas or
have a history of heavy industrial use. These properties may potentially incur
environmental liabilities in the future that could have a material adverse
effect on the Company's financial condition or results of operations.

   Capital and operating expenses for pollution control projects were less
than $500,000 per year for the past five years and are expected to remain at
similar levels.

Patents and Trademarks

   The Company owns several U.S. and foreign trademarks, service marks and
copyrights. Certain of the trademarks are registered with the U.S. Patent and
Trademark Office and, in certain circumstances, with the trademark offices of
various foreign countries. The Company considers certain other information
owned by it to be trade secrets. It protects its trade secrets by, among other
things, entering into confidentiality agreements with its employees regarding
such matters and implementing measures to restrict access to sensitive data
and computer software source code on a need-to-know basis. The Company
believes that these safeguards adequately protect its proprietary rights and
vigorously defends these rights. While the Company considers all of its
intellectual property rights as a whole to be important, it does not consider
any single right to be essential to its operations as a whole.

Corporate Restructuring

   On June 6, 2000, the Company announced plans to make significant
organizational and business process changes. Following the reorganization,
there are 13 geographic divisions. Purchasing services have been centralized
under a chief procurement officer. Human resources, credit and accounting have
also been

                                       5
<PAGE>

centralized. As part of the reorganization, AFCO Metals, Inc., a wholly owned
subsidiary of Tull, was merged with and into Tull on December 31, 2000.

 Ryerson Tull International

   In 2000, the Company formed Ryerson Tull International, Inc. to hold the
Company's Mexican and Canadian operations. Ownership of the Company's Canadian
operations was transferred to Ryerson Tull International, Inc. and held by the
Canadian holding company, 1336963 Ontario, Inc. Later, the Company organized
RdM Holdings, Inc. and RCJV Holdings, Inc. to hold the various Mexican
operations.

Foreign Operations

 Ryerson International

   In 1994, the Company formed Ryerson International, Inc. (formerly Inland
International, Inc.) to hold the Company's non-North American international
operations, and it organized Ryerson International Trading, Inc. (formerly
named Inland International Trading, Inc.) to sell products and services of the
Company and its affiliates and purchase materials for them abroad. In 1995,
Ryerson International Trading, Inc. organized I.M.F. Steel International
Limited, a Hong Kong company (in which it and a subsidiary of MacSteel
Holdings (Pte.), Ltd. (South Africa) each hold a 50% interest), to engage in
the worldwide purchase and sale of steel and related products, principally on
behalf of the Company.

 Ryerson Industries de Mexico

   The Company, through Ryerson Industries de Mexico, S.A. de C.V., owns a 50%
interest in Centro de Servicio Placa y Lamina, S. A. de C.V., formerly known
as Ryerson de Mexico, S.A. de C.V., a joint venture with Altos Hornos de
Mexico, S.A. de C.V., an integrated steel manufacturer in Mexico. Centro de
Servicio Placa, which was formed in 1994, is a general line metals service
center and processor with 8 facilities in Mexico. The impact of Ryerson de
Mexico's operations on the Company's results of operations has not been
material.

 Shanghai Ryerson Limited

   The Company owns a 49% interest in Shanghai Ryerson Limited, a joint
venture with a unit of Baoshan Iron and Steel Corporation, an integrated steel
manufacturer in China. Shanghai Ryerson Limited, which was formed in 1996, is
a metals service center with a facility at Pudong, Shanghai, China. The impact
of Shanghai Ryerson's operations on the Company's results of operations has
not been material.

 Tata Ryerson Limited

   The Company owns a 50% interest in Tata Ryerson Limited, a joint venture
with The Tata Iron & Steel Corporation, an integrated steel manufacturer in
India. Tata Ryerson Limited, which was formed in 1997, is a metals service
center and processor with facilities at Jamshedpur and Pune, India. The impact
of Tata Ryerson's operations on the Company's results of operations has not
been material.

ITEM 2. PROPERTIES.

   As of January 1, 2001, the Company's facilities were:

 Joseph T. Ryerson & Son, Inc.

   Ryerson owns its regional business unit headquarters offices in Chicago
(IL) and Renton (WA) and leases office space in Westmont (IL). Ryerson North's
service centers are at Bettendorf (IA), Buffalo (NY), Charlotte (NC),
Chattanooga (TN), Chicago (IL) (three facilities), Cincinnati (OH), Cleveland
(OH), Dallas (TX), Des Moines (IA), Detroit (MI), Devens (MA), Easton (PA),
Fairless Hills (PA), Holland (MI), Indianapolis (IN),

                                       6
<PAGE>

Kansas City (MO), Milwaukee (WI), Omaha (NE), Philadelphia (PA), Pittsburgh
(PA), Plymouth (MN), Pounding Mill (VA), Schofield (WI), St. Louis (MO), Tulsa
(OK) and Wheeling (IL) with office space at Buffalo Grove (IL). Ryerson West's
service centers are at Commerce City (CO), Emeryville (CA), Phoenix (AZ),
Portland (OR), Renton (WA), Salt Lake City (UT), Spokane (WA) and Vernon (CA).
Ryerson Tull Coil Processing's facilities are located in Chicago (IL),
Knoxville (TN), Marshalltown (IA), New Hope (MN) and Plymouth (MN) with office
space in Franklin (OH).

   All of Ryerson's operating facilities are held in fee with the exception of
the facilities at Bettendorf (IA) (long-term lease) Buffalo Grove (IL) (long-
term lease), one Chicago (IL) facility (long-term lease), Easton (PA) (long-
term lease), Fairless Hills (PA) (long-term lease), Franklin (OH) (long-term
lease), Holland (MI) (short-term lease), Knoxville (TN) (long-term lease), a
satellite facility at Omaha (NE) (long-term lease), Plymouth (MN) (long-term
lease), a portion of the property at St. Louis (MO) (short-term lease), Salt
Lake City (UT) (long-term lease), Schofield (WI) (long-term lease) and
Wheeling (IL) (long-term lease). Ryerson has a short-term lease for its former
regional headquarters at West Chester (PA) and a short-term lease for the
former operating facility at Long Island City (NY). Ryerson's properties are
adequate to serve its present and anticipated needs.

 J. M. Tull Metals Company, Inc.

   Tull maintains service centers at Barnwell (SC), Baton Rouge (LA),
Birmingham (AL), Charlotte (NC), Charleston (SC), Columbia (SC), Fort Smith
(AR), Greensboro (NC), Greenville (SC), Jackson (MS), Jacksonville (FL) (two
facilities), Lawrenceville (GA), Little Rock (AR), Miami (FL), New Orleans
(LA), Oklahoma City (OK), Pinellas Park (FL), Richmond (VA), Shreveport (LA),
Tampa (FL) (two facilities), West Memphis (AR), Youngsville (NC) and Norcross
(GA), where its headquarters is located. All of Tull's operating facilities
are held in fee, with the exception of the facilities at Barnwell (SC) (long-
term lease), Charleston (SC) (long-term lease), Columbia (SC) (long-term
lease), Jacksonville (FL) (long-term lease), Lawrenceville (GA) (long term
lease), Pinellas Park (FL) (long-term lease), Tampa (FL) (long term lease) and
Youngsville (NC) (short term lease). Tull also leases the former operating
facility in Alabaster (AL). Tull's properties are adequate to serve its
present and anticipated needs.

 Ryerson Tull Canada, Inc.

   Ryerson Tull Canada, Inc., a wholly-owned, indirect Canadian subsidiary of
Ryerson Tull, has three facilities in Canada. It leases the facilities at
Vaudreuil (QC) (long-term lease) and Brampton (ON) (long-term lease) and a
separate facility at Brampton (ON) is held in fee. The properties of Ryerson
Tull Canada, Inc. are adequate to serve its present and anticipated needs.

 Centro de Servicio Placa

   Centro de Servicio Placa y Lamina, S. A. de C.V., a joint venture in which
the Company owns a 50% interest, owns eight general line metals service
centers and processing centers in Mexico. Centro de Servicio Placa's
properties are adequate to serve its present and anticipated needs.

 Shanghai Ryerson Limited

   Shanghai Ryerson Limited, a joint venture company in which the Company owns
a 49% interest, has a metals service center in Pudong, Shanghai, China.
Shanghai Ryerson's properties are adequate to serve its present and
anticipated needs.

 Tata Ryerson Limited

   Tata Ryerson Limited, a joint venture company in which the Company owns a
50% interest, has two metals service centers in India, at Jamshedpur and Pune.
Tata Ryerson's properties are adequate to serve its present and anticipated
needs.

                                       7
<PAGE>

ITEM 3. LEGAL PROCEEDINGS.

   From time to time, the Company is named as a defendant in legal actions
arising in the ordinary course of its business. The Company is not a party to
any pending legal proceedings other than routine litigation incidental to its
business. Management does not believe that the resolution of these claims will
have a material adverse effect on the Company's financial condition or results
of operations.

ITEM 4. SUBMISSION OF MATTERS TO VOTE OF SECURITY HOLDERS.

   Not applicable.

                                       8
<PAGE>

                       EXECUTIVE OFFICERS OF REGISTRANT

   Officers are elected by the Board of Directors of Ryerson Tull to serve for
a period ending with the next succeeding annual meeting of the Board of
Directors held immediately after the Annual Meeting of Stockholders. All
executive officers of Ryerson Tull, with the exception of Glenn J. Decker and
Joyce E. Mims, have been employed by the Company or an affiliate of the
Company throughout the past five years.

   Set forth below are the executive officers of Ryerson Tull as of March 1,
2001, and the age of each as of such date. Their principal occupations at
present and during the past five years, including positions and offices held
with the Company or a significant subsidiary or affiliate of the Company, are
shown below. References to Pre-merger Ryerson Tull refer to a subsidiary
wholly owned by the Company and merged into the Company in 1999. References to
Inland refer to Inland Steel Industries, Inc., the former name of the Company.

<TABLE>
<CAPTION>
Name, Age and Present
Position with Registrant      Positions and Offices Held During the Past Five Years
------------------------      -----------------------------------------------------
<S>                       <C>
Neil S. Novich, 46        Mr. Novich has been Chairman, President and Chief Executive
 Chairman, President and  Officer and a director of Ryerson Tull since February 1999. He
 Chief Executive Officer  served as President, Chief Executive Officer, Chief Operating
                          Officer and a director of Pre-merger Ryerson Tull from June
                          1994 to February 1999. He was a Senior Vice President of
                          Inland from January 1995 to May 1996. Prior to joining Inland,
                          he led the Distribution and Logistics Practice at Bain &
                          Company, an international management consulting firm. Mr.
                          Novich is also a director of W.W. Grainger, Inc. and
                          MetalSite, Inc.

Jay M. Gratz, 48          Mr. Gratz has been Executive Vice President and Chief
 Executive Vice           Financial Officer of Ryerson Tull since February 1999. He was
 President and Chief      Vice President of Pre-merger Ryerson Tull from September 1994
 Financial Officer        to February 1999 and was Chief Financial Officer of Pre-merger
                          Ryerson Tull from April 1996 to February 1999. He was Vice
                          President and Chief Financial Officer of Inland from May 1996
                          to December 1998.

Gary J. Niederpruem, 49   Mr. Niederpruem has been Executive Vice President of Ryerson
 Executive Vice           Tull since February 1999. He was President of Ryerson Central,
 President                a unit of Ryerson, from April 1998 until February 1999. He was
                          President of Ryerson East, a unit of Ryerson, from January
                          1993 to March 1998.

Thomas S. Cygan, 56       Mr. Cygan has been President, Ryerson Tull North, a unit of
 President, Ryerson Tull  Ryerson Tull, since June 2000. He was President of Ryerson
 North                    West, a unit of Ryerson, from November 1994 to May 2000.

Glenn J. Decker, 43       Mr. Decker has been President of Ryerson Tull Coil Processing,
 President, Ryerson Tull  a unit of Ryerson Tull, since October 1999. He was President
 Coil Processing          of Phelps Dodge High Performance Conductors, a subsidiary of
                          Phelps Dodge Corporation, a mining and manufacturing firm,
                          from May 1995 to August 1999.

James M. Delaney, 43      Mr. Delaney has been President, Customer Solutions Team and
 President, Customer      Chief Customer Officer since June 2000. He was President of
 Solutions Team and       Ryerson Central, a unit of Ryerson, from February 1999 to June
 Chief Customer Officer   2000. He was Vice President and General Manager of Ryerson
                          Central, a unit of Ryerson, from April 1997 until January
                          1999. He was Vice President and General Manager of Ryerson
                          East, a unit of Ryerson, from January 1993 until April 1997.
</TABLE>


                                       9
<PAGE>

<TABLE>
<CAPTION>
Name, Age and Present
Position with Registrant      Positions and Offices Held During the Past Five Years
------------------------      -----------------------------------------------------
<S>                       <C>
Robert M. Lampi, 44       Mr. Lampi has been President, Ryerson Tull West, a unit of
 President, Ryerson Tull  Ryerson Tull, since June 2000. He was Vice President and
 West                     General Manager of Ryerson West, a unit of Ryerson, from
                          November 1998 to May 2000. He was Marketing General Manager of
                          Ryerson West from November 1997 to October 1998. He served as
                          General Manager of Ryerson West's Salt Lake City location from
                          February 1993 to October 1997.

Stephen E. Makarewicz,    Mr. Makarewicz has been President, Ryerson Tull South, a unit
 54                       of Ryerson Tull, since June 2000 and President, Chief
 President, Ryerson Tull  Executive Officer and Chief Operating Officer of Tull since
 South                    October 1994.

William Korda, 53         Mr. Korda has been Vice President--Human Resources of Ryerson
 Vice President--Human    Tull since February 1999. He served as Vice President--Human
 Resources                Resources of Pre-merger Ryerson Tull from October 1993 to
                          February 1999.

Joyce E. Mims, 58         Ms. Mims has been Vice President and General Counsel of
 Vice President and       Ryerson Tull since January 2001. She was Vice President,
 General Counsel          General Counsel and Secretary of Ryerson Tull from June 1999
                          until January 2001 and Senior Vice President and General
                          Counsel of Ancilla Systems Incorporated, a multi-hospital
                          health care system, from 1995 through 1997.

Darell R. Zerbe, 58       Mr. Zerbe has been Vice President--Information Technology and
 Vice President--         Chief Information Officer of Ryerson Tull since February 1999.
 Information Technology   He served as Vice President--Information Technology and Chief
                          Information Officer of Pre-merger Ryerson Tull from February
                          1996 to February 1999. He served as Senior Vice President,
                          Management Information Systems, for Venture Stores, Inc. from
                          1988 to February 1996.

Lily L. May, 51           Ms. May has been Controller of Ryerson Tull since February
 Controller               1999. She was Controller of Pre-merger Ryerson Tull from May
                          1996 to February 1999. She was Vice President--Finance and
                          Purchasing and Controller of Inland Steel Company from January
                          1995 through May 1996.

Terence R. Rogers, 41     Mr. Rogers has been Treasurer and Chief Procurement Officer
 Treasurer and Chief      since April 2000. He was Treasurer of Ryerson Tull from
 Procurement Officer      February 1999 to April 2000. He served as Treasurer of Pre-
                          merger Ryerson Tull from September 1998 to February 1999 and
                          as Director--Pension & Risk Management of Inland from December
                          1994 to September 1998.
</TABLE>

                                       10
<PAGE>

                                    PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER MATTERS.

   The Common Stock of Ryerson Tull is listed and traded on the New York Stock
Exchange. As of March 20, 2001, the number of holders of record of Common
Stock of Ryerson Tull was 11,145.

   The remaining information called for by this Item 5 is set forth under the
caption "Summary by Quarter" in the Company's Annual Report to Stockholders
for the fiscal year ended December 31, 2000, and is hereby incorporated by
reference herein.

ITEM 6. SELECTED FINANCIAL DATA.

   The information called for by this Item 6 with respect to each of the last
five years of the Company is set forth under the caption "Five-Year Summary of
Selected Financial Data and Operating Results--Continuing Operations" in the
Company's Annual Report to Stockholders for the fiscal year ended December 31,
2000, and is hereby incorporated by reference herein.

ITEM 7. MANAGEMENT'S DISCUSSION OF OPERATIONS AND FINANCIAL CONDITION.

   The information called for by this Item 7 is set forth in the "Management's
Discussion of Operations and Financial Condition" section of the Company's
Annual Report to Stockholders for the fiscal year ended December 31, 2000, and
is hereby incorporated by reference herein.

Recent Developments

   On March 22, 2001, the Company was notified that Standard & Poor's had
lowered its corporate credit and senior unsecured debt ratings on the Company
from BBB- to BB+, and assigned its BBB- rating to the Company's $150 million
senior secured revolving credit facility due September 5, 2002. Moody's rating
of the Company's long-term unsecured debt at March 28, 2001 was Ba1. The
Company's agreement with the PBGC regarding the Company's $50 million guaranty
to the PBGC in connection with the ISC Pension Plan requires the Company to
maintain the Standard & Poor's and Moody's ratings on its unsecured debt at
BB+ and Ba1 respectively or higher. If one of the ratings declines below the
required rating level, the Company must collateralize the guaranty.

   On March 29, 2001, the Company closed a $250 million trade receivables
securitization facility arranged by Morgan Guaranty Trust Company of New York,
using a special-purpose wholly owned subsidiary established by the Company for
this purpose. This facility requires early amortization if the special-purpose
subsidiary does not maintain a minimum equity requirement and provides for
termination of the facility on the occurrence and failure to cure certain
events, including (among other things) any failure of the special-purpose
subsidiary to maintain certain ratios related to the collectibility of the
receivables, or the Company's failure to maintain long-term unsecured debt
ratings of at least B by Standard and Poor's and B2 by Moody's. The Company
intends to utilize the proceeds from this transaction to retire its $142
million principal amount outstanding 8.5% Notes due July 15, 2001, for its
working capital needs and general corporate purposes.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

   The following methods and assumptions were used to estimate the fair value
of each class of financial instruments for which it is practicable to estimate
that value. The Company has only limited involvement with derivative financial
instruments and does not use them for speculative or trading purposes. Cash
equivalents are highly liquid, short-term investments with maturities of three
months or less that are an integral part of the

                                      11
<PAGE>

Company's cash management portfolio. The carrying amount of cash equivalents
approximates fair value because of the short maturity of those instruments.
The estimated fair value of the Company's long-term debt and the current
portions thereof using quoted market prices of Company debt securities
recently traded and market-based prices of similar securities for those
securities not recently traded was $252 million at December 31, 2000 and $264
million at December 31, 1999, as compared with the carrying value of $243
million and $259 million at year-end 2000 and 1999, respectively.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

   The consolidated financial statements of the Company called for by this
Item 8, together with the report thereon of the independent accountants dated
February 22, 2001, are set forth under the captions "Report of Independent
Accountants" and "Statement of Accounting and Financial Policies" as well as
in all consolidated financial statements and schedules of the Company and the
"Notes to Consolidated Financial Statements" in the Company's Annual Report to
Stockholders for the fiscal year ended December 31, 2000, and is incorporated
by reference herein. The financial statement schedule listed under Item 14(a)2
of this Annual Report on Form 10-K, together with the report thereon of the
independent accountants dated February 22, 2001, should be read in conjunction
with the consolidated financial statements. Financial statement schedules not
included in this Annual Report on Form 10-K have been omitted because they are
not applicable or because the information called for is shown in the
consolidated financial statements or notes thereto.

   Consolidated quarterly sales, earnings and per share Common Stock
information for 1999 and 2000 are set forth under the caption "Summary by
Quarter" in the Company's Annual Report to Stockholders for the fiscal year
ended December 31, 2000, and are hereby incorporated by reference herein.

ITEM 9. DISAGREEMENTS ON ACCOUNTING AND FINANCIAL DISCLOSURE.

   None.

                                   PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT.

   The information called for by this Item 10 with respect to directors of
Ryerson Tull is set forth under the caption "Election of Directors" in Ryerson
Tull's definitive Proxy Statement which was furnished to stockholders in
connection with the Annual Meeting of Stockholders to be held on April 18,
2001, and is hereby incorporated by reference herein. The information called
for with respect to executive officers of Ryerson Tull is included in Part I
of this Annual Report on Form 10-K under the caption "Executive Officers of
Registrant."

ITEM 11. EXECUTIVE COMPENSATION.

   The information called for by this Item 11 is set forth under the caption
"Executive Compensation" in Ryerson Tull's definitive Proxy Statement which
was furnished to stockholders in connection with the Annual Meeting of
Stockholders to be held on April 18, 2001, and is hereby incorporated by
reference herein.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.

   (a) The information called for by this Item 12 with respect to security
ownership of more than five percent of Ryerson Tull's common stock is set
forth under the caption "Additional Information Relating to Voting Securities"
in Ryerson Tull's definitive Proxy Statement which was furnished to
stockholders in connection with the Annual Meeting of Stockholders scheduled
to be held on April 18, 2001, and is hereby incorporated by reference herein.

                                      12
<PAGE>

   (b) The information called for by this Item 12 with respect to the security
ownership of directors and of management is set forth under the caption
"Security Ownership of Directors and Management" in Ryerson Tull's definitive
Proxy Statement, which was furnished to stockholders in connection with the
Annual Meeting of Stockholders to be held on April 18, 2001, and is hereby
incorporated by reference herein.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

   None.

                                    PART IV

ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K.

   (a) Documents Filed as a Part of This Report.

  1. Consolidated Financial Statements of the Company. The consolidated
     financial statements listed below are set forth in the Company's Annual
     Report to Stockholders for the fiscal year ended December 31, 2000, and
     are incorporated by reference in Item 8 of this Annual Report on Form
     10-K.

         Report of Independent Accountants dated February 22, 2001.

         Statement of Accounting and Financial Policies.

         Consolidated Statements of Income and Reinvested Earnings for the
      three years ended December 31, 2000.

         Consolidated Statement of Cash Flows for the three years ended
      December 31, 2000.

         Consolidated Balance Sheet at December 31, 2000 and 1999.

         Consolidated Statement of Comprehensive Income for the three
      years ended December 31, 2000.

         Schedules to Consolidated Financial Statements: Property, Plant
      and Equipment; Long-Term Debt.

         Notes to Consolidated Financial Statements.

         Report of Independent Accountants on Financial Statement Schedule
      dated February 22, 2001. (Included on page 14 of this Annual Report)

         Consent of Independent Accountants. (Included on page 14 of this
      Annual Report)

         Schedule II--Reserves for the three years ended December 31,
      2000, 1999 and 1997. (Included on page 15 of this Annual Report)

  2. Exhibits. The exhibits required to be filed by Item 601 of Regulation S-
     K are listed in the Exhibit Index which is attached hereto, and
     incorporated by reference herein.

   (b) Reports on Form 8-K.

   None.

                                      13
<PAGE>

       REPORT OF INDEPENDENT ACCOUNTANTS ON FINANCIAL STATEMENT SCHEDULE

To the Board of Directors
 of Ryerson Tull, Inc.

   Our audits of the consolidated financial statements referred to in our
report dated February 22, 2001 appearing on page 14 of the 2000 Annual Report
to Stockholders of Ryerson Tull, Inc. (which report and consolidated financial
statements are incorporated by reference in this Annual Report on Form 10-K)
also included an audit of the Financial Statement Schedule listed in Item
14(a)2 of this Annual Report on Form 10-K. In our opinion, this Financial
Statement Schedule presents fairly, in all material respects, the information
set forth therein when read in conjunction with the related consolidated
financial statements.

                                          PricewaterhouseCoopers LLP

Chicago, Illinois
February 22, 2001

                      CONSENT OF INDEPENDENT ACCOUNTANTS

   We hereby consent to the incorporation by reference in the Prospectuses
constituting part of the Registration Statement on Form S-8 (No. 33-59783),
Registration Statement on Form S-8 (No. 33-48770), Registration Statement on
Form S-8 (No. 33-22902), Post-Effective Amendment No. 1 to Registration
Statement on Form S-8 (No. 33-1329), Registration Statement on Form S-8 (No.
33-32504), Registration Statement on Form S-3 (No. 33-59161) and Registration
Statement on Form S-3 (No. 33-62897) of Inland Steel Industries, Inc. (or, for
registrations prior to 1986, Inland Steel Company) and Registration Statement
on Form S-8 (No. 333-06977), Registration Statement on Form S-8 (No. 333-
06989), Registration Statement on Form S-3 (No. 333-59009) and Registration
Statement on Form S-8 (No. 333-78429) of Ryerson Tull, Inc. of our report
dated February 22, 2001 appearing on page 14 of the 2000 Annual Report to
Stockholders of Ryerson Tull, Inc., which is incorporated by reference in this
Annual Report on Form 10-K. We also consent to the incorporation by reference
of our report dated February 22, 2001, relating to the Financial Statement
Schedule which appears in this Form 10-K.

                                          PricewaterhouseCoopers LLP

Chicago, Illinois
March 29, 2001

                                      14
<PAGE>

                  RYERSON TULL, INC. AND SUBSIDIARY COMPANIES

                             SCHEDULE II--RESERVES
              For the Years Ended December 31, 2000, 1999 and 1998
                             (Dollars in Millions)

<TABLE>
<CAPTION>
                                             Provisions for Allowances
                                     ------------------------------------------
                                     Balance at Additions Deductions Balance at
                                     Beginning   Charged     from      End of
Years Ended December 31,              of Year   to Income  Reserves     Year
------------------------             ---------- --------- ---------- ----------
<S>                                  <C>        <C>       <C>        <C>
2000................................   $ 7.2      $19.8   $(2.5)(A)    $24.5
1999................................   $ 6.9      $ 4.2   $(3.4)(A)    $ 7.2
                                                           (0.5)(B)
1998................................   $23.5      $ 3.7   $(3.1)(A)    $ 6.9
                                                           (1.9)(B)
                                                          (15.3)(C)
</TABLE>

   NOTES:
   (A) Bad debts written off during the year
   (B) Allowances granted during the year
   (C) To eliminate reserve from discontinued operation

                                       15
<PAGE>

                                   SIGNATURES

   Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, Ryerson Tull, Inc. has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.

                                          RYERSON TULL, INC.

                                                  /s/ Neil S. Novich
                                          By: _________________________________
                                                      Neil S. Novich
                                               Chairman, President and Chief
                                                     Executive Officer

Date: March 29, 2001

   Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of Ryerson
Tull, Inc. and in the capacities and on the dates indicated.

<TABLE>
<CAPTION>
             Signature                           Title                    Date
             ---------                           -----                    ----
<S>                                  <C>                           <C>
       /s/ Neil S. Novich               Chairman, President and      March 29, 2001
____________________________________  Chief Executive Officer and
           Neil S. Novich                 Director (Principal
                                          Executive Officer)

        /s/ Jay M. Gratz             Executive Vice President and    March 29, 2001
____________________________________    Chief Financial Officer
            Jay M. Gratz                 (Principal Financial
                                               Officer)

        /s/ Lily L. May                       Controller             March 29, 2001
____________________________________     (Principal Accounting
            Lily L. May                        Officer)


         Jameson A. Baxter                     Director


          Richard G. Cline                     Director

         Gary L. Crittenden                    Director

                                                                        /s/ Jay M. Gratz
         James A. Henderson                    Director            By: ___________________
                                                                           Jay M. Gratz
                                                                         Attorney-in-fact
       Gregory P. Josefowicz                   Director                   March 29, 2001


         Jerry K. Pearlman                     Director

         Ronald L. Thompson                    Director
</TABLE>

                                       16
<PAGE>

                                 EXHIBIT INDEX

<TABLE>
<CAPTION>
 Exhibit
 Number                                Description
 -------                               -----------
 <C>     <S>
  3.1    Copy of Certificate of Incorporation, as amended, of Ryerson Tull.
         (Filed as Exhibit 3.(i) to the Company's Annual Report on Form 10-K
         for the year ended December 31, 1995 (File No. 1-9117), and
         incorporated by reference herein.)

  3.2    By-Laws, as amended. (Filed as Exhibit 3.2 to the Company's Annual
         Report on Form 10-K for the year ended December 31, 1999 (File No. 1-
         9117), and incorporated by reference herein.)

  4.1    Certificate of Designations, Preferences and Rights of Series A $2.40
         Cumulative Convertible Preferred Stock of Ryerson Tull. (Filed as part
         of Exhibit B to the definitive Proxy Statement of Inland Steel Company
         dated March 21, 1986 that was furnished to stockholders in connection
         with the annual meeting held April 23, 1986 (File No. 1-2438), and
         incorporated by reference herein.)

  4.2    Certificate of Designation, Preferences and Rights of Series D Junior
         Participating Preferred Stock of Ryerson Tull. (Filed as Exhibit 4-D
         to the Company's Annual Report on Form 10-K for the fiscal year ended
         December 31, 1987 (File No. 1-9117), and incorporated by reference
         herein.)

  4.3    Rights Agreement, dated as of November 25, 1997, as amended and
         restated as of September 22, 1999, between Ryerson Tull and Harris
         Trust and Savings Bank, as Rights Agent. (Filed as Exhibit 4.1 to the
         Company's amended Registration Statement on Form 8-A/A-2 filed on
         October 6, 1999 (File No. 1-9117), and incorporated by reference
         herein.)

  4.4    Indenture, dated as of July 1, 1996, between Pre-merger Ryerson Tull
         and The Bank of New York. (Filed as Exhibit 4.1 to Pre-merger Ryerson
         Tull's Quarterly Report on Form 10-Q for the quarter ended June 30,
         1996 (File No. 1-11767), and incorporated by reference herein.)

  4.5    First Supplemental Indenture, dated as of February 25, 1999, between
         Ryerson Tull and The Bank of New York. (Filed as Exhibit 4.5 to the
         Company's Annual Report on Form 10-K for the year ended December 31,
         1998 (File No. 1-9117), and incorporated by reference herein.)

  4.6    Specimen of 8 1/2% Notes due July 15, 2001. (Filed as Exhibit 4.6 to
         the Company's Annual Report on Form 10-K for the year ended December
         31, 1998 (File No. 1-9117), and incorporated by reference herein.)

  4.7    Specimen of 9 1/8% Notes due July 15, 2006. (Filed as Exhibit 4.7 to
         the Company's Annual Report on Form 10-K for the year ended December
         31, 1998 (File No. 1-9117), and incorporated by reference herein.)
         [The registrant hereby agrees to provide a copy of any other agreement
         relating to long-term debt at the request of the Commission.]

 10.1*   Ryerson Tull Annual Incentive Plan, as amended. (Filed as Exhibit
         10.18 to the Company's Quarterly Report on Form 10-Q for the quarter
         ended June 30, 2000 (File No. 1-9117), and incorporated by reference
         herein.)

 10.2*   Ryerson Tull 1999 Incentive Stock Plan, as amended. (Filed as Exhibit
         10.4 to the Company's Quarterly Report on Form 10-Q for the quarter
         ended June 30, 1999 (File No. 1-9117), and incorporated by reference
         herein.)

 10.3*   Ryerson Tull 1996 Incentive Stock Plan, as amended. (Filed as Exhibit
         10.14 to Pre-merger Ryerson Tull Annual Report on Form 10-K for the
         year ended December 31, 1997 (File No. 1-11767), and incorporated by
         reference herein.)

 10.4*   Ryerson Tull 1995 Incentive Stock Plan, as amended. (Filed as Exhibit
         10.E to the Company's Annual Report on Form 10-K for the year ended
         December 31, 1997 (File No. 1-9117), and incorporated by reference
         herein.)
</TABLE>

                                       17
<PAGE>

<TABLE>
<CAPTION>
 Exhibit
 Number                               Description
 -------                              -----------
 <C>     <S>
 10.5*   Ryerson Tull 1992 Incentive Stock Plan, as amended. (Filed as Exhibit
         10.C to the Company's Quarterly Report on Form 10-Q for the quarter
         ended June 30, 1995 (File No. 1-9117), and incorporated by reference
         herein.)

 10.6*   Ryerson Tull Supplemental Retirement Plan for Covered Employees, as
         amended. (Filed as Exhibit 10.1 to Pre-merger Ryerson Tull's Form 10-
         Q for the quarter ended September 30, 1997 (File No. 1-11767), and
         incorporated by reference herein.)

 10.7*   Ryerson Tull Nonqualified Savings Plan, effective January 1, 1998.
         (Filed as Exhibit 10.S.(2) to the Company's Annual Report on Form 10-
         K for the fiscal year ended December 31, 1997 (File No. 1-9117), and
         incorporated by reference herein.)

 10.8*   Outside Directors Accident Insurance Policy. (Filed as Exhibit 10.12
         to the Company's Quarterly Report on Form 10-Q for the quarter ended
         June 30, 1999 (File No. 1-9117), and incorporated by reference
         herein.)

 10.9*   Ryerson Tull Directors' 1999 Stock Option Plan. (Filed as Exhibit
         10.19 to the Company's Annual Report on Form 10-K for the year ended
         December 31, 1998 (File No. 1-9117), and incorporated by reference
         herein.)

 10.10*  Ryerson Tull Directors' Compensation Plan, as amended................

 10.11*  Form of Severance Agreement, dated January 28, 1998, between the
         Company and each of the four executive officers of the Company
         identified on the exhibit relating to terms and conditions of
         termination of employment following a change in control of the
         Company. (Filed as Exhibit 10.R to the Company's Annual Report on
         Form 10-K for the fiscal year ended December 31, 1997 (File No. 1-
         9117), and incorporated by reference herein.)

 10.12*  Amendment dated November 6, 1998 to the Severance Agreement dated
         January 28, 1998 referred to in Exhibit 10.11 above between the
         Company and Jay M. Gratz. (Filed as Exhibit 10.23 to the Company's
         Annual Report on Form 10-K for the year ended December 31, 1998 (File
         No. 1-9117), and incorporated by reference herein.)

 10.13*  Amendment dated June 30, 2000 to the Severance Agreement dated
         January 28, 1998 referred to in Exhibit 10.11 between the Company and
         Jay M. Gratz. (Filed as Exhibit 10.14 to the Company's Quarterly
         Report on Form 10-Q for the quarter ended June 30, 2000 (File No. 1-
         9117), and incorporated by reference herein.)

 10.14*  Form of Change in Control Agreement between the Company and the
         parties listed on the schedule thereto. (Filed as Exhibit 10.25 to
         the Company's Annual Report on Form 10-K for the year ended December
         31, 1998 (File No. 1-9117), and incorporated by reference herein.)

 10.15*  Form of Change in Control Agreement between the Company and the party
         listed on the schedule thereto. (Filed as Exhibit 10.26 to the
         Company's Annual Report on Form 10-K for the year ended December 31,
         1998 (File No. 1-9117), and is incorporated by reference herein.)

 10.16*  Schedule to Change in Control Agreement as referred to in Exhibit
         10.15 (Filed as Exhibit 10.18 to the Company's Quarterly Report on
         Form 10-Q for the quarter ended June 30, 2000 (File No. 1-9117), and
         incorporated by reference herein.)

 10.17*  Employment Agreement dated September 1, 1999 between the Company and
         Jay M. Gratz. (Filed as Exhibit 10.22 to the Company's Quarterly
         Report on Form 10-Q for the quarter ended September 30, 1999 (File
         No. 1-9117), and incorporated by reference herein.)

 10.18*  Employment Agreement dated September 1, 1999 between the Company and
         Gary J. Niederpruem. (Filed as Exhibit 10.23 to the Company's
         Quarterly Report on Form 10-Q for the quarter ended September 30,
         1999 (File No. 1-9117), and incorporated by reference herein.)
</TABLE>

                                       18
<PAGE>

<TABLE>
<CAPTION>
 Exhibit
 Number                               Description
 -------                              -----------
 <C>     <S>
 10.19*  Employment Agreement dated December 1, 1999 between the Company and
         Neil S. Novich. (Filed as Exhibit 10.19 to the Company's Annual
         Report on Form 10-K for the year ended December 31, 1999 (File No. 1-
         9117), and incorporated by reference herein.)

 10.20*  Confidentiality and Non-Competition Agreement dated July 1, 1999
         between the Company and Stephen E. Makarewicz. (Filed as Exhibit
         10.24 to the Company's Quarterly Report on Form 10-Q for the quarter
         ended September 30, 1999 (File No. 1-9117), and incorporated by
         reference herein.)

 10.21*  Employment Agreement dated as of May 29, 2000 between the Company and
         Thomas S. Cygan. (Filed as Exhibit 10.25 to the Company's Quarterly
         Report on Form 10-Q for the quarter ended June 30, 2000 (File No. 1-
         9117), and incorporated by reference herein.)

 13      Information incorporated by reference from Annual Report to
         Stockholders for the fiscal year ended December 31, 2000.............

 21      List of Certain Subsidiaries of the Registrant.......................

 23      Consent of Independent Accountants appearing on page 14 of the Annual
         Report on Form 10-K.

 24      Powers of Attorney...................................................
</TABLE>
--------
*  Management contract or compensatory plan or arrangement required to be filed
   as an exhibit to the Company's Annual Report on Form 10-K.

                                       19