Document:

Employment Agreement

 Exhibit 10.1(a) 
 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT, by and between Ryerson Inc. (the “Company”)
and Neil S. Novich (the “Executive”) effective as of December 1, 1999 (the “Effective Date”), as amended and restated January 1, 2006, and as amended through March 10, 2007. 
 WITNESSETH THAT: 
 WHEREAS, the
Company has appointed Executive to the position of Chairman, President and CEO, and Executive has accepted such appointment; 
 WHEREAS, in connection with such appointment, the Company and Executive desire to enter into this Agreement; and 
 WHEREAS, this Agreement is amended effective January 1, 2006 to conform to the requirements of the Internal Revenue Code Section 409A; 
 NOW, THEREFORE, in consideration of the Executive’s appointment as Chairman, President and CEO, and for other good and valuable consideration the receipt of which is hereby acknowledged, it is agreed by
the Executive and Company as follows: 
 1. Duties. The Executive agrees that while he is employed by the Company, he will
devote his full business time, energies and talents to serving as the Chairman, President and CEO of the Company and providing services for the Company at the direction of the Board of Directors of the Company. The Executive shall have such duties
and responsibilities as may be assigned to him from time to time by the Board of Directors, shall perform all duties assigned to him faithfully and efficiently, subject to the direction of the Board of Directors, and shall have such authorities and
powers as are inherent to the undertakings applicable to his position and necessary to carry out the responsibilities and duties required of him hereunder; provided, however, that the Executive shall not be required to perform any duties while he is
disabled. Both parties understand and agree that the Executive may serve on boards of directors of other businesses which are not in competition with the Company and may engage in civic and charitable activities provided that such service and
activities do not materially interfere with the performance of the Executive’s duties. 

 2. Compensation. Subject to the terms and conditions of this Agreement, during the
Employment Period while the Executive is employed by the Company, the Company shall compensate him for his services as follows: 
 (A) The
Executive shall receive, for each twelve-consecutive month period beginning on February 8, 1999, and each anniversary thereof, an annual salary not less than $500,000 (the “Annual Base Salary”), which Annual Base Salary shall be
payable in substantially equal bi-weekly installments. The Executive’s rate of Annual Base Salary shall be reviewed annually beginning in February, 2000 and may be increased at that time with the Compensation Committee’s approval.

 (B) The Executive shall be entitled to receive bonuses from the Company in accordance with the bonus plans of the Company as in effect from
time to time. As Chairman, President and CEO his target bonus award percentage shall be 70% of the median annual salary of the CEO position within the Hewitt comparator survey, subject to annual approval of the Compensation Committee of the Board of
Directors. 
 (C) Except as otherwise specifically provided to the contrary in this Agreement, the Executive shall be provided with health,
welfare and other fringe benefits to the same extent and on the same terms as those benefits are provided by the Company from time to time to the Company’s other senior management executives. 
 (D) The Executive shall be reimbursed by the Company, on terms and conditions that are substantially similar to those that apply to other similarly
situated senior management executives of the Company, for reasonable out-of-pocket expenses for entertainment, travel, meals, lodging and similar items which are consistent with the Company’s expense reimbursement policy and actually incurred
by the Executive in the promotion of the Company’s business. 
 (E) The Company shall pay or shall reimburse the Executive for both of
his monthly club dues and assessments; 
 (F) The Company shall pay the Executive for the amount of the monthly lease payment for the
automobile that the Executive uses for business; provided, however, that the Company shall report as income to the Executive any amounts required by law or the policies of the Company relating to the Executive’s personal use of such automobile.

  

 (G) The Executive shall be recommended for stock awards in the future utilizing the methodology in place
for the 1999 grant. The methodology in place for 1999 will not be changed in a manner which is less favorable to the Executive. 
 (H) The
Executive shall be provided financial services counseling. 
 3. Rights and Payments Upon Termination. The Executive’s
right to benefits and payments, if any, for periods after the date on which his employment with the Company terminates for any reason (his “Termination Date”) shall be determined in accordance with this Section 3: 
 (A) Termination by the Company for Reasons Other Than Cause; Termination by the Executive for Good Reason. If the Executive’s
termination by the Company occurs for any reason other than Cause or is a result of the Executive’s termination of employment for Good Reason (and is not on account of the Executive’s death, disability, or voluntary resignation, the mutual
agreement of the parties or any other reason), then the period (the “Benefit Period”) commencing on his Termination Date and ending on the earliest of (i) the thirty-sixth month after the Executive’s Termination Date;
(ii) the date on which the Executive violates the provisions of Sections 4, 5 or 6 of this Agreement; or (iii) the date of the Executive’s death, the Executive shall continue to receive from the Company bi-weekly Annual Base Salary
(based on his Annual Base Salary as in effect on his Termination Date) and “Bonus” (as defined below) payments. Such continued bi-weekly base salary payments shall be made on the regularly scheduled pay dates following the Executive’s
Termination Date. Notwithstanding the foregoing provisions of this Paragraph 3(a), if the Executive is a “specified person” (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (“Code”)) on
the Termination Date and payments under this Agreement are not exempt from Code Section 409A under the exception for separation payments on involuntary termination that do not exceed two times the limit under Section 401(a)(17) of the
Code, then the first payment of continued Annual Base Salary shall not be made until the first regularly scheduled pay date that is six months after the Termination Date and shall consist of (a) an initial payment equal to the sum of
(1) the total bi-weekly payments the Executive would have been entitled to receive during the first six months following the Termination Date if the Executive were not a specified person plus (2) the first bi-weekly payment due in the
seventh month following the Termination Date, and (b) subsequent to the initial payment, bi-weekly payments based on his or her Annual Base Salary to the extent not paid with the initial payment. 
  

 Benefits that will continue will include medical, dental, basic life insurance, financial counseling
services, any optional life insurance and any optional accidental death and dismemberment insurance. “Bonus” shall mean three payments of the average annual amount of the award paid to the Executive pursuant to the annual incentive plan or
successor plan with respect to the three years immediately preceding that in which the Termination Date occurs; excluding any years in which the bonus was zero. If all three immediately preceding bonus payments were equal to zero, then no bonus
payment would be continued for the next three years. 
 Base salary payments to the Executive during the aforementioned Benefit Period shall
not preclude the Executive’s eligibility for payments under the Company’s severance plan. 
 Thirty-six months of additional age and
service credit will be provided to the Executive’s RT Pension and the RT Supplemental Plan using the methodology described in the Executive’s Change in Control Agreement except that any lump sum payment will be made thirty-six months after
the Executive’s Termination Date and only if the Executive has not violated the Confidentiality, Nonsolicitation and Noncompetition provisions of this Agreement. 
 All existing unvested options as of the Termination Date will become vested and the Executive shall be afforded a 36 month extension period of time (but not beyond the original Termination Date of the option) from the
Termination Date to exercise any remaining unexercised options that had not expired before the Termination Date. 
 It is expected that the
Executive would have an opportunity to exercise said options in a cashless exchange from the first window period (post earnings public release period) after the Executive’s Termination Date and thereafter. The Company expects that such a
transaction could be accomplished very promptly at the beginning of said window period and thereafter. The Executive may exercise a cashless exchange of options before the date mentioned above if the Company is in agreement on the efficacy of such
action and such agreement would not be unreasonably withheld by the Company. 
 The Company will, to the maximum extent permitted by law,
defend, indemnify and hold harmless the Executive and the Executive’s heirs, estate, executors and administrators 

  

 
against any costs, losses, claims, suits, proceedings, damages or liabilities to which the Executive may become subject which arise out of, are based upon or
relate to the Executive’s employment by the Company (and any predecessor company to the Company), or the Executive’s service as an officer or member of the Board of Directors of the Company (or any predecessor company to the Company),
including without limitation reimbursement for any legal or other expenses reasonably incurred by the Executive in connection with investigation and defending against any such costs, losses, claims, suits, proceedings, damages or liabilities. The
Company shall maintain directors and officers liability insurance in commercially reasonable amounts (as reasonably determined by the Board), and the Executive shall be covered under such insurance to the same extent as other senior management
employees of the Company with respect to matters which occurred during such period of employment. 
 The Executive will be provided one-on-one
Executive out placement and office services following his Termination Date. Such services will be paid for by the Company and consistent with the existing Company program and appropriate to his level. 
 The Executive shall not be required to mitigate the amount of any payment provided for in this Agreement by seeking outside employment or otherwise and
such payments shall not be reduced by any other income earned by Executive. 
 (B) Termination By Company for Cause. If the
Executive’s termination is a result of the Company’s termination of the Executive’s employment on account of Cause, then, except as agreed in writing between the Executive and the Company, the Executive shall have no right to future
payments or benefits under this Agreement (and the Company shall have no obligation to make any such future payments or provide any such future benefits) for periods after the Executive’s Termination Date. 
 (C) Termination for Death or Disability. If the Executive’s termination is caused by the Executive’s death or permanent
disability, then the Executive (or in the event of his death, his estate) shall be entitled to continuing payments of his Salary for the period commencing on his Termination Date and ending on the earlier of (i) the last day of the calendar
month in which his Termination Date occurs or (ii) the date on which the Executive violates the provisions of Sections 4, 5 or 6 of this Agreement. 
 (D) Termination for Voluntary Resignation, Mutual Agreement or Other Reasons. If the Executive’s termination occurs on account of his voluntary resignation, mutual agreement of the parties, or any
reason other than those specified in Paragraphs 

 
(A), (B) or (C) above then, except as agreed in writing between the Executive and the Company, the Executive shall have no right to future payments
or benefits under this Agreement (and the Company shall have no obligation to make any such future payments or provide any such future benefits) for periods after the Executive’s Termination Date. The Executive’s termination of employment
for Good Reason shall not be treated as a voluntary resignation for purposes of this Agreement. 
 (E) Definitions. For
purposes of this Agreement: 
 (i) The term “Cause” shall mean: 
 (a) the willful engaging by the Executive in conduct which is demonstrably and materially injurious to the Company or its affiliates, monetarily or
otherwise, as determined by the Board of Directors; or 
 (b) conduct by the Executive that involves theft, fraud or dishonesty; or

 (c) the Executive’s violation of the provisions of Sections 4, 5 or 6 hereof. 
 (ii) The term “Good Reason” means (a) the assignment to the Executive duties which are materially inconsistent with his duties as Chairman,
President and CEO of the Company, including, without limitation, a material diminution or reduction in his title, office or responsibilities or a reduction in his rate of Salary, failure to provide bonus opportunities or stock awards in accordance
with the requirements in Section 2, or (b) the relocation of the Executive to a location that is not within the greater Chicago metropolitan area. 
 Notwithstanding any other provision of this Agreement, the Executive shall automatically cease to be an employee of the Company and its affiliates as of his Termination Date and, to the extent permitted by applicable
law, any and all monies that the Executive owes to the Company shall be repaid before any post-termination payments are made pursuant to the Executive pursuant to this Agreement. 
 4. Confidential Information. The Executive agrees that: 
 (A) Except as may be required by the lawful order of a court or agency of competent jurisdiction, or except to the extent that the Executive has express authorization from the Company, he shall keep secret and
confidential indefinitely all non-public information (including, without limitation, information regarding litigation and pending litigation) concerning the Company and its affiliates which was acquired by or disclosed to the Executive during the
course of his employment with the Company, and not to disclose the same, either directly or indirectly, to any other person, firm, or business entity, or to use it in any way. 

 (B) Upon his Termination Date or at the Company’s earlier request, he will promptly return to the
Company any and all records, documents, physical property, information, computer disks or other materials relating to the business of the Company and its affiliates obtained by him during his course of employment with the Company. 
 (C) The Executive shall keep the Company informed of, and shall execute such assignments as may be necessary to transfer to the Company or its affiliates
the benefits of, any inventions, discoveries, improvements, trade secrets, developments, processes, and procedures made by the Executive, in whole or in part, or conceived by the Executive either alone or with others, which result from any work
which the Executive may do for or at the request of the Company, whether or not conceived by the Executive while on holiday, on vacation, or off the premises of the Company, including such of the foregoing items conceived during the course of
employment which are developed or perfected after the Executive’s termination of employment. The Executive shall assist the Company or other nominated by it, to obtain patents, trademarks and service marks and the Executive agrees to execute
all documents and to take all other actions which are necessary or appropriate to secure to the Company and its affiliates the benefits thereof. Such patents, trademarks and service marks shall become the property of the Company and its affiliates.
The Executive shall deliver to the Company all sketches, drawings, models, figures, plans, outlines, descriptions or other information with respect thereto. 
 (D) To the extent that any court or agency seeks to have the Executive disclose confidential information, he shall promptly inform the Company, and he shall take such reasonable steps to prevent disclosure of
Confidential Information until the Company has been informed of such requested disclosure. To the extent that the Executive obtains information on behalf of the Company or any of its affiliates that may be subject to attorney-client privilege as to
the Company’s attorneys, the Executive shall take reasonable steps to maintain the confidentiality of such information and to preserve such privilege. 

 (E) Nothing in the foregoing provisions of this Section 4 shall be construed so as to prevent the
Executive from using, in connection with his employment for himself or an employer other than the Company or any of its affiliates, knowledge which was acquired by him during the course of his employment with the Company and its affiliates, and
which is generally known to persons of his experience in other companies in the same industry. 
 5. Nonsolicitation. While the
Executive is employed by the Company and its affiliates and for a period of three years after the date the Executive terminates employment with the Company and its affiliates for any reason, the Executive covenants and agrees that he will not,
whether for himself or for any other person, business, partnership, association, firm, company or corporation, directly or indirectly, call upon, solicit, divert or take away or attempt to solicit, divert or take away, any of the customers or
employees of the Company or its affiliates in existence from time to time during his employment with the Company and its affiliates. 
 6.
Noncompetition. While the Executive is employed by the Company and its affiliates, and for a period of three years after the date the Executive terminates employment with the Company and its affiliates, the Executive covenants and
agrees that he will not, directly or indirectly, engage in, assist, perform services for, plan for, establish or open, or have any financial interest (other than (i) ownership of 1% or less of the outstanding stock of any corporation listed on
the New York or American Stock Exchange or included in the National Association of Securities Dealers Automated Quotation System or (ii) ownership of securities in any entity affiliated with the Company) in any person, firm, corporation, or
business entity (whether as an employee, officer, director or consultant) that engages in an activity in any state in which the Company or its affiliates is conducting or has reasonable expectations of commencing business activities at the date of
the Executive’s termination of employment, which is the same as, similar to, or competitive with the metals service center, processing and distribution business of the Company and its affiliates. 
 Employment of the Executive by a metals manufacturing organization is not considered a violation of this noncompetition section as long as the Executive does not
personally engage in activities with the metals manufacturer to obtain or increase business from the Company’s customers through mill direct or competitor supported business activities. 
 7. Equitable Remedies. The Executive acknowledges that the Company would be irreparably injured by a violation of Sections 4, 5 and 6 and
agrees that the Company, in addition 

 
to other remedies available to it for such breach or threatened breach, shall be entitled to a preliminary injunction, temporary restraining order, other
equivalent relief, restraining the Executive from any actual or threatened breach of Sections 4, 5 and 6 without any bond or other security being required. 
 8. Defense of Claims. The Executive agrees that, during his employment with the Company and after his termination, he will cooperate with the Company and its affiliates in the defense of any claims that
may be made against the Company or its affiliates to the extent that such claims may relate to services performed by him for the Company. To the extent travel is required to comply with the requirements of this Section 8, the Company, shall to
the extent possible, provide the Executive with notice at least 10 days prior to the date on which such travel would be required and the Company agrees to reimburse the Executive for all of his reasonable actual expenses associated with such travel;
provided, however, that if the Company reasonably expects the travel to be extensive or unduly burdensome to the Executive from a financial perspective, the Company may provide to the Executive pre-paid tickets for transportation in connection with
such travel. 
 9. Notices. Notices provided for in this Agreement shall be in writing and shall be deemed to have been duly
received when delivered in person or sent by facsimile transmission, on the first business day after it is sent by air express courier service or on the second business day following deposit in the United States registered or certified mail, return
receipt requested, postage prepaid and addressed, in the case of the Company to the following address: 
 Ryerson Inc. 
 2621 W. 15th Place 
 Chicago, IL 60608

 Attention: William Korda 
 or to the
Executive: 
 Neil S. Novich 
 Home Address 
 or such other address as either party may have furnished to the other in writing in accordance herewith, except that a notice of
change of address shall be effective only upon actual receipt. 
 10. Withholding. All compensation payable under this
Agreement shall be subject to customary withholding taxes and other employment taxes as required with respect to compensation paid by a corporation to an employee and the amount of compensation payable hereunder shall be reduced appropriately to
reflect the amount of any required withholding. The Company shall have no obligation to make any payments to the Executive or to make the Executive whole for the amount of any required taxes. 

 11. Successors. This Agreement shall be binding on, and inure to the benefit of, the
Company and its successors and assigns and any person acquiring, whether by merger, reorganization, consolidation, by purchase of assets or otherwise, all or substantially all of the assets of the Company. 
 12. Nonalienation. The interests of the Executive under this Agreement are not subject to the claims of his creditors, other than the
Company, and may not otherwise be voluntarily or involuntarily assigned, alienated or encumbered. 
 13. Waiver of Breach. The
waiver by either the Company or the Executive of a breach of any provision of this Agreement shall not operate as or be deemed a waiver of any subsequent breach by either the Company or the Executive. Continuation of payments hereunder by the
Company following a breach by the Executive of any provision of this Agreement shall not preclude the Company from thereafter terminating said payments based upon the same violation. 
 14. Severability. It is mutually agreed and understood by the parties that should any of the agreements and covenants contained herein be
determined by any court of competent jurisdiction to be invalid by virtue of being vague or unreasonable, including but not limited to the provisions of Sections 4, 5 and 6, then the parties hereto consent that this Agreement shall be amended
retroactive to the date of its execution to include the terms and conditions said court deems to be reasonable and in conformity with the original intent of the parties and the parties hereto consent that under such circumstances, said court shall
have the power and authority to determine what is reasonable and in conformity with the original intent of the parties to the extent that said covenants and/or agreements are enforceable. 
 15. Applicable Law. This Agreement shall be construed in accordance with the laws of the State of Illinois. 
 16. Amendment. This Agreement may be amended or cancelled by mutual Agreement of the parties in writing without the consent of any other
person. 
 17. Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and
delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of a copy hereof containing multiple signature pages, each signed by one party hereto, but together signed
by both of the parties hereto. 

 18. Arbitration & Legal Fees. Disputes arising out of or in connection with
the interpretation and application of this Agreement shall be discussed by the Executive and the Company in good faith negotiations for the purpose of reaching an amicable resolution. Without prejudice to the Company’s rights under
Section 7 of this Agreement, any such disputes which cannot be settled amicably within thirty (30) days after written notice by one party to the other (or after such longer period agreed to in writing by the parties), shall thereafter be
settled by binding arbitration in Chicago, Illinois, to be conducted pursuant to the rules and procedures then obtaining of the American Arbitration Association and judgement on the award rendered in such arbitration may be entered in any court of
competent jurisdiction. 
 The Executive is entitled to timely payments (not later than 30 calendar days after notice from the Executive)
from the Company of reasonable attorney fees incurred by the Executive in the event of a dispute arising out of or in connection with the interpretation and application of this Agreement. 
 19. Other Agreements. This Agreement constitutes the sole and complete Agreement between the Company and the Executive and supersedes all
other agreements, both oral and written, between the Company and the Executive with respect to the matters contained herein, provided, however, that this Agreement does not supersede the Change in Control Agreement or Severance Plan. No verbal or
other statements, inducements, or representations have been made to or relied upon by the Executive. The parties have read and understand this Agreement. 
  

			
	 	 	RYERSON INC.
		
	Dated: 3/10/2007	 	 /s/ William Korda

		 	William Korda
		 	Vice President Human Resources
		
	Dated: 3/11/2007	 	 /s/ Neil S. Novich

		 	Neil S. Novich
		 	Chairman, President & CEOEmployment Agreement

 EXHIBIT 10.1(e) 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (“Agreement”), by and between
Ryerson Inc. (the “Corporation”) and Stephen E. Makarewicz (the “Executive”) effective as of February 28, 2007 (the “Effective Date”). 
 The Corporation desires to appoint the Executive to the position of President Ryerson South Business Unit and Chicago Division, and the Executive desires to accept such appointment. In that employment the Executive
will be entrusted with knowledge of the Corporation’s business and operational methods. The Corporation wishes to protect its business and operational methods through the restrictions and covenants specified herein. The Executive recognizes
that the Corporation’s business and operational methods require protection, and the Executive is willing to protect the Corporation’s business and operational methods through the restrictions and covenants specified herein. 
 NOW, THEREFORE, the Executive and the Corporation hereby agree as follows. 
 1. Position and Duties. Effective as of the Effective Date, the Executive will serve as President Ryerson South Business Unit and Chicago
Division and in such capacity shall have such duties and responsibilities as may be assigned to him or her from time to time by the Corporation. The Executive shall have such authorities and powers as are inherent to the undertaking of this position
and necessary to carry out these responsibilities and duties. Notwithstanding the foregoing or any other provisions of this Agreement, the Executive and the Corporation understand and agree that the responsibilities and duties of the Executive, in
the capacity of President Ryerson South Business Unit and Chicago Division of the Corporation, may change from time to time due to changes in the nature, structure or needs of the Corporation’s business and that any such changes in the
Executive’s duties and responsibilities that are consistent with such changes in the Corporation’s business shall not constitute a reduction or increase in the Executive’s duties and responsibilities for purposes of this Agreement.

 The Executive shall devote his or her best efforts and full business time and attention (except for permitted vacation periods and
reasonable periods of illness or other incapacity) to the business and affairs of the Corporation and its affiliated companies. The Executive shall perform all assigned duties to the best of his or her abilities in a diligent, trustworthy,
businesslike and efficient manner. 
  

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 2. Compensation. Subject to the terms and conditions of this Agreement, while the Executive
is employed by the Corporation under this Agreement, the Executive shall be compensated for services as follows: 
  

	 	(A)	Effective January 29, 2007, the Executive’s annual base salary shall be $335,000 (“Annual Base Salary”), payable in bi-weekly installments under the
Corporation’s general payroll practices, subject to customary withholding. 

  

	 	(B)	The Executive will be eligible for an incentive bonus payment from the Corporation each calendar year or applicable performance period (the “Performance Bonus”) in
accordance with the Corporation’s Annual Incentive Plan (or successor plan) of the Corporation as in effect from time to time. The Target Bonus Percentage shall be 60% of Annual Base Salary. The Corporation reserves the right, in its sole
discretion, to terminate or modify the Annual Incentive Plan or to change the target bonus percentage. 

  

	 	(C)	Except as otherwise specifically provided herein, the Executive shall be provided with health, welfare and other benefits to the same extent and on the same terms as those benefits
are provided by the Corporation from time to time to other similarly situated executives of the Corporation. Nothing in this Agreement precludes the Corporation from amending or terminating any plans or programs generally applicable to salaried
employees or executives, as the case may be. 

  

	 	(D)	The Executive shall be reimbursed by the Corporation, on terms and conditions that are applicable to other similarly situated executives of the Corporation, for reasonable
out-of-pocket expenses for entertainment, travel, meals, lodging and similar items, consistent with the Corporation’s expense reimbursement policy in effect at the time. Nothing in this Agreement precludes the Corporation from amending or
terminating its expense reimbursement policy. 

  

	 	(E)	The Corporation shall pay or shall reimburse the Executive for the amount of the monthly lease payment for the automobile approved by the Corporation for the Executive’s
business; provided however, that the Corporation shall report as income to the Executive any amounts required by law or the policies of the Corporation for the Executive’s personal use of such automobile. 

  

	 	(F)	The Corporation shall grant the Executive 5,000 shares of restricted stock of the Corporation, pursuant and subject in all respects to the provisions of the Ryerson Tull, 2002
Incentive Stock Plan. Each of the 5,000 shares of restricted stock would have a three-year cliff vesting, subject to the Executive’s continued employment with the Corporation (or an affiliate) from the date of the grant through the applicable
vesting date. 

  

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	 	(G)	The Company shall pay or shall reimburse the Executive for his or her monthly dues and assessments at one country club approved by the Company in Atlanta plus one dinner club in
Chicago. 

 3. Rights and Payments Upon Termination. The Executive’s right to benefits and payments, if any,
for periods after the date the Executive’s employment with the Corporation terminates for any reason (the “Termination Date”) shall be determined in accordance with this Paragraph 3: 
  

	 	(A)	Termination by the Corporation for Reasons Other Than Cause; Termination by the Executive for Good Reason. If the Corporation terminates the Executive’s
employment for reasons other than Cause or as a result of termination by the Executive for Good Reason, then for the period (the “Benefit Period”) commencing on the Executive’s Termination Date and ending on the earliest of:

  

	 	(i)	the twenty fourth month after the Termination Date (less the period attributable to any pay in lieu of notice in accordance with the final sentence of Paragraph 4 of this
Agreement); 

  

	 	(ii)	the date the Executive violates or initiates any legal challenge to the provisions of Paragraphs 4, 5 or 6 of this Agreement; or 

  

	 	(iii)	the date of the Executive’s death or the date the Executive is determined to be eligible for benefits under the Corporation’s Long Term Disability Plan;

 The Executive shall continue to receive from the Corporation bi-weekly payments based on his or her Annual Base Salary, a
Bonus (as defined below), and certain other benefits in effect as of the Termination Date. 
 Such continued bi-weekly base salary payments
shall be made on the regularly scheduled pay dates following the Executive’s Termination Date. Notwithstanding the foregoing provisions of this paragraph 3 (A), if the Executive is a “specified person” (within the meaning of
Section 409A of the Internal Revenue Code of 1986, as amended,) on the Termination Date and payments under this Agreement are not exempt from the any of the exceptions to Code Section 409A exceptions, then the first payment of continued
Annual Base Salary shall not be made until the first regularly scheduled pay date that is six months after the Termination Date. Such pay shall consist of (a) an initial payment equal to the sum of (1) the total bi-weekly 

  

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payments the Executive would have been entitled to receive during the first six month following the Termination Date, if the Executive were not a specified
person , plus (2) the first be-weekly payment due in the seventh month following the Termination Date, and (b) subsequent to the initial payment, bi-weekly payments based on his or her Annual Base Salary, to the extent not paid with the
initial payment. 
 Benefits provided under the terms of this Paragraph 3(A) are medical and dental coverage only [unless the Executive is
eligible for retiree medical benefits on the Termination Date, in which case only dental coverage is offered under this Paragraph 3(A)]. All other benefits shall be terminated on the Termination Date. To retain eligibility for medical and dental
benefit coverage, the Executive must pay premiums equivalent to the amounts required of active employee participants in these benefit plans. 
 “Bonus” shall mean two payments of the average annual amount of the Performance Bonus paid to the Executive under the Annual Incentive Plan or successor plan based on the last three or fewer Bonus payments paid to the Executive
immediately preceding the year in which the Termination Date occurs. If the Executive’s period of employment with the Corporation is less than one year, the Bonus payment shall be based on the Target bonus Percentage established for the
Executive under the Corporation’s Annual Incentive Plan (or successor plan). For purposes of calculating the average annual amount of the Performance Bonus, where no Performance Bonus is paid in any of the three or fewer years preceding the
Termination Date used in the calculation described herein, any such year or years will be included in the average calculation as zero. This bonus payment is payable on the later to occur of (1) date in the first quarter of the year following
the year in which the Executive’s termination occurs or (2) if the Executive is a specified person (within the meaning of Code Section 409A), a date which is at least six months after the Executive’s Termination Date. 

In addition to the Performance Bonus described above, provided that the Executive has not violated any of the provisions of Paragraphs 4, 5 or 6 of
this Agreement, the Executive may be entitled to an additional Final Bonus (as defined below) for the year in which the Termination Date occurs. “Final Bonus” means an amount equal to the product of (1) the Executive’s Annual
Base Salary multiplied by (2) the most recent Target Bonus Percentage established for the Executive under the Corporation’s Annual Incentive Plan (or successor plan); (3) multiplied by the percent attainment of the applicable
performance measures, and multiplied by (4) a 

  

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proration factor which is a fraction, the numerator of which is the number of whole months determined under (a) or (b) below, and the denominator
of which is the number of whole months in the applicable bonus performance period. The valuation date for purposes of determining the proration factor is: 
  

	 	(a)	the last day of the month preceding the Termination Date if the Termination Date occurs from the 1st through the 15th of the month, or 

  

	 	(b)	the last day of the month in which the Termination Date occurs if the Termination Date occurs from the 16th through the last day of the month. 

 The percent attainment of the applicable performance measure is not prorated and is determined at the end of the bonus performance period as defined in
accordance with the Corporation’s Annual Incentive Plan (or successor plan). The final bonus payment is payable in the first quarter of the year following the year in which the Executive’s termination occurs. 
 Annual Base Salary payments to the Executive during the Benefit Period shall not preclude the Executive’s eligibility for cash severance payments
under the Corporation Severance Plan, provided, however, that any benefit continuation period under this Agreement shall run concurrently with the applicable benefit period under such Severance Plan and thus (i) the Executive shall not be
eligible for noncash benefits under the Severance Plan during the Benefit Period, and (ii) cash payments due under the Severance Plan shall be reduced by the amount of cash payments made under this Agreement. 
 All payments to the Executive subsequent to a termination of the Executive by the Corporation for reasons other than cause or termination by the Executive
for Good Reason are subject to and conditioned on the Executive signing and not revoking a Release of Claims in the form attached hereto subsequent to the Executive’s termination of employment. Additionally, none of the payments to the
Executive subsequent to a termination of the Executive by the Corporation for reasons other than cause or termination by the Executive for Good Reason which are provided for in this Agreement will be paid unless and until the Executive has signed
the attached Release of Claims and the time period for the Executive to consider and not revoke the attached Release of Claims has passed. 
  

 -5- 

 Twenty-four months of additional age and service credit will be provided to the Executive’s RT
Pension and the RT Supplemental Plan using the methodology described in the Executive’s Change in Control Agreement except that any lump sum payment will be made twenty-four months after the Executive’s Termination Date and only if the
Executive has not violated the Confidentiality, Nonsolicitation and Noncompetition provisions of this Agreement. 
  

	 	(B)	Termination By Corporation for Cause. If the Corporation terminates the Executive’s employment for Cause, then except as agreed in writing between the Executive
and the Corporation, the Executive shall be entitled to receive only compensation and benefits earned up to the Date of Termination. The Executive shall not be entitled to receive any payments or benefits under this Agreement with respect to the
period after the Executive’s Termination Date and the Corporation shall have no obligation to make any additional payments or provide any other benefits with respect to the period after the Executive’s Termination Date.

  

	 	(C)	Termination for Death or Disability. If the Executive’s termination is caused by the Executive’s death or permanent disability (as that term is defined under
the Corporation’s Long Term Disability Plan), then the Executive (or in the event of his or her death, his or her estate) shall be entitled to continued payments of Annual Base Salary for the period commencing on the Termination Date and ending
on the earlier of (i) the last day of the calendar month in which his or her Termination Date occurs; (ii) the date on which the Executive violates the provisions of Paragraphs 4, 5 or 6 of this Agreement; (iii) the date of the
Executive’s death; or (iv) the date of the Executive’s permanent disability. 

  

	 	(D)	Termination for Voluntary Resignation, Mutual Agreement or Other Reasons. If the Executive’s termination occurs on account of his or her voluntary resignation,
mutual agreement of the parties, or any reason other than those specified in Paragraphs (A), (B) or (C) above, then, except as agreed in writing between the Executive and the Corporation, the Executive shall not be entitled to receive any
payments or benefits under this Agreement with respect to the period after the Executive’s Termination Date and the Corporation shall have no obligation to make any additional payments or provide any additional benefits with respect to the
period after the Executive’s Termination Date. The Executive’s termination of employment for Good Reason shall not be treated as a voluntary resignation for purposes of this Agreement. 

  

 -6- 

	 	(E)	Definitions. For purposes of this Agreement: 

  

	 	(i)	The term “Cause” shall mean: 

  

	 	(a)	the performance by the Executive of his or her duties under this Agreement in a manner that is inconsistent with past, acceptable performance or in a way that has a demonstrably
negative impact on business results of the Corporation, its subsidiaries or affiliates, as determined by the Corporation in its sole discretion; or 

  

	 	(b)	the willful engaging by the Executive in conduct which is materially injurious to the Corporation or its affiliates, monetarily or otherwise, as determined by the Corporation in its
sole discretion; or 

  

	 	(c)	conduct by the Executive that involves a material and substantial violation of Corporation Policy, a violation of criminal law, illegal harassment of other employees, theft, fraud
or dishonesty; or 

  

	 	(d)	the Executive’s violation of the provisions of Paragraphs 4, 5 or 6 hereof. 

  

	 	(ii)	The term “Good Reason” means: 

  

	 	(a)	the assignment to the Executive of duties which are materially inconsistent with the Executive’s position and duties under this Agreement, including, without limitation, a
material diminution or reduction in title, office or responsibilities or a reduction in Annual Base Salary, if such assignment is not changed by the Corporation, after written notice by the Executive to the Corporation of such diminution or
reduction giving the Corporation reasonable opportunity to cure; or 

  

	 	(b)	the involuntary relocation of the Executive to a location that is not within the Atlanta metropolitan area; or 

  

	 	(c)	Notwithstanding the foregoing, nothing herein shall limit the ability of the Corporation to change the job duties of the Executive consistent with Paragraph 1 of this Agreement.

 In order to assert a termination for Good Reason, Executive must give the written notice required in Paragraph 4 within thirty
(30) days after an event described in Paragraph 3 E (ii) occurs. This time requirement may only be amended or waived by written agreement of the parties pursuant to Paragraph 23 of this Agreement. 
 Notwithstanding any other provision of this Agreement, upon the Executive’s termination for any reason, the Executive shall automatically cease to be an employee of
the Corporation and its affiliates as 

  

 -7- 

 
of his or her Termination Date and, to the extent permitted by applicable law, any and all monies that the Executive owes to the Corporation shall be repaid
before any post-termination payments are made to the Executive under this Agreement. 
 4. Termination by Executive or Corporation with
Notice. Subject to the payment obligations and rights set forth in Paragraph 3 above, the Corporation and the Executive agree that either party may terminate the Executive’s employment under this Agreement for any or no reason. Each
party is obligated to give the other thirty (30) days written notice (the “Notice Period”) before terminating the Executive’s employment relationship, except that no such notice shall be required in the case of the death of the
Executive or the Corporation’s termination of the Executive’s employment for Cause or if the Corporation and the Executive otherwise agree in writing. 
 During the Notice Period, the Executive shall (i) meet with the Executive Vice President or his or her designee to wind up any pending work and provide an orderly transfer to other employees of the duties,
responsibilities, accounts, customers and clients for which the Executive has been responsible; (ii) work with the Corporation to identify key Confidential Information (as defined in Paragraph 5 below) likely to be in the Executive’s
possession and provide it to the Corporation as instructed; (iii) disclose and discuss the Executive’s future employment plans in light of the Executive’s obligations under this Agreement; (iv) deliver to the Corporation all
property belonging to the Corporation, including any duplicates, copies or abstracts thereof; and (v) devote full time and attention to these obligations and the Executive’s other responsibilities as directed by the Corporation.
Notwithstanding the foregoing, the Corporation may, in its sole discretion, terminate the duties of the Executive at any time during the Notice Period providing that the Corporation continues to pay the Executive any Base Salary that may be due to
the Executive for any portion of such thirty (30) days Notice Period remaining after the Corporation terminates the duties of the Executive. 
 5. Confidentiality and Ownership. The Executive acknowledges and agrees that the Confidential Information (as defined in Paragraph 5(A) below) is the property of the Corporation, its subsidiaries and affiliates. Accordingly,
the Executive agrees as follows: 
  

	 	(A)	 Confidential Information. Except as may be required by applicable law or the lawful order of a court or regulatory body, or except to the extent that
the Executive has express authorization in writing from the Corporation to do otherwise, the Executive will keep secret and confidential, during the Executive’s employment and at all times thereafter, all Confidential Information and not
disclose such Confidential Information, either directly or indirectly, to any other person, firm or business entity, or to use it in any way. For purposes of this Agreement, “Confidential Information” means all non-public information,
observations or data relating to the Corporation, its subsidiaries or affiliates, its 

  

 -8- 

	 	 
customers and/or vendors and suppliers, which the Executive has learned or will learn during his or her employment with the Corporation, its subsidiaries or
affiliates, whether or not a trade secret within the meaning of applicable law, including but not limited to: (i) new products and new product development; (ii) marketing strategies and plans, market experience with products, and market
research; (iii) manufacturing processes, technologies and production plans and methods; (iv) formulas, research in progress and unpublished manuals or know how, devices, methods, techniques, processes and inventions; (v) regulatory
filings and communications; (vi) identity of and relationship with licensees, licensors or suppliers; (vi) finances, financial information, and financial management systems; (vii) technological and engineering data;
(viii) identities of and information concerning customers, vendors and suppliers and prospective customers, vendors and suppliers; (ix) development, expansion and business strategies, pricing strategies, plans and techniques;
(x) computer programs; (xi) research and development activities; (xii) litigation and pending litigation; (xiii) personnel information; and (xiv) any other information or documents which the Executive is told or reasonably
ought to know the Corporation, its subsidiaries or affiliates regard as proprietary or confidential. 

  

	 	(B)	Upon the Executive’s Termination Date or at the Corporation’s earlier request, the Executive will promptly return to the Corporation any and all records, documents, data,
memoranda, reports, physical property, information, computer disks, tapes or software or other materials, and all copies thereof, relating to the business of the Corporation and its subsidiaries and affiliates obtained by the Executive during his or
her employment with the Corporation, its subsidiaries or affiliates. The Executive further agrees to deliver to the Corporation, at its request, any computer(s) in the Executive’s possession or control, regardless of who owns the computer, on
which is stored, in any way, any Confidential Information for the purpose of ensuring that all Confidential Information stored on the computer(s) has been delivered to the Corporation. 

  

	 	(C)	 The Executive agrees that all inventions, innovations, discoveries, improvements, developments, trade secrets, processes, procedures, methods, designs, analyses,
drawings, reports, and all similar or related information which relates to the Corporation’s or any of its subsidiaries’ or affiliates’ actual or anticipated business, research and development or existing or future products or
services and which are conceived, developed or made, in whole or in part, by the Executive while employed by the Corporation or its subsidiaries or affiliates (“Work Product”) belong to the Corporation or such subsidiary or affiliate. The
Executive shall 

  

 -9- 

	 	 
promptly inform the Corporation of such Work Product, and shall execute such assignments as may be necessary to transfer to the Corporation or its affiliates
the benefits of the Work Product. This Paragraph applies to any Work Product which the Executive may do for or at the request of the Corporation, whether alone or with others, whether conceived by the Executive while at work, on the Executive’s
non-work time or off the premises of the Corporation, including such of the foregoing items conceived during the course of employment which are developed or perfected after the Executive’s Termination Date. The Executive shall assist the
Corporation or its nominee, to obtain patents, trademarks and service marks and the Executive agrees to execute all documents and to take all other actions which are necessary or appropriate to secure to the Corporation and its subsidiaries and
affiliates the benefits thereof. Such patents, trademarks and service marks shall become the property of the Corporation and its affiliates. The Executive shall deliver to the Corporation all sketches, drawings, models, figures, plans, outlines,
descriptions or other information with respect thereto. 

  

	 	(D)	To the extent that any court or agency seeks to have the Executive disclose Confidential Information, the Executive shall immediately inform the Corporation, and the Executive shall
take such reasonable steps to prevent disclosure of Confidential Information until the Corporation has been informed of such requested disclosure. To the extent that the Executive obtains information on behalf of the Corporation or any of its
affiliates that may be subject to attorney-client privilege as to the Corporation’s attorneys, the Executive shall take reasonable steps to maintain the confidentiality of such information and to preserve such privilege.

  

	 	(E)	Nothing in the foregoing provisions of this Paragraph 5 shall be construed so as to prevent the Executive from using, after the Executive’s termination of employment with the
Corporation, in connection with his or her employment for himself or an employer other than the Corporation or any of its affiliates, knowledge which was acquired by him or her during the course of his or her employment with the Corporation and its
affiliates, and which is generally known to persons of his or her experience in other companies in the same industry. 

 6.
Noncompetition/Nonsolicitation. The Executive acknowledges that the industry in which the Corporation is engaged is an international business which is highly competitive and that the Executive is a key executive of the Corporation. The
Executive further acknowledges that as a result of his or her senior position within the Corporation, he/she has acquired and will acquire extensive Confidential Information and knowledge of the Corporation’s business and the industry in which
it 

  

 -10- 

 
operates and will develop relationships with and knowledge of customers, employees, vendors and suppliers of the Corporation and its subsidiaries and
affiliates. Accordingly, the Executive agrees that during the time the Executive is employed by the Corporation, its subsidiaries or affiliates (the “Employment Period”) and for a period of 12 (twelve) months after the Termination Date
(the “Restricted Period”): 
  

	 	(A)	The Executive will not directly or indirectly, own, operate, manage, control, participate, consult with, advise, or have any financial interest (whether for himself or for any other
person and whether as proprietor, principal, stockholder, partner, agent, director, officer, employee, consultant, independent contractor or in any other capacity), in any Competitor of the Corporation, or in any manner engage in the start-up of a
business (including by himself or in association with any person, firm, corporate or other business organization through any other entity) in competition with the Corporation’s business provided that this shall not prevent the Executive from
ownership of 1% or less of the outstanding stock of any corporation listed on the New York or American Stock Exchange or included in the National Association of Securities Dealers Automated Quotation System or ownership of securities in any entity
affiliated with the Corporation. “Competitor” refers to a person or entity, including metals-related Internet marketplaces, engaged in the metal service center processing and/or distribution business. 

  

	 	(B)	The Executive will not directly or indirectly contact, call upon, solicit business from, or sell any products sold or distributed by the Corporation to any customer or prospective
customer of the Corporation with whom employees of the Corporation had contact during the Employment Period. 

  

	 	(C)	The Executive will not directly or indirectly either alone or in cooperation with others, encourage any employees of the Corporation to seek or accept an employment or business
relationship with a person or entity other than the Corporation, or in any way interfere with the relationship of the Corporation and any subsidiary or affiliate and any employee thereof, including without limitation, to hire, solicit for hire, or
discuss or encourage the employment of, any of the employees of the Corporation who were employed by the Corporation during the Employment Period; provided however, this shall not apply to an employee whose employment was terminated by the
Corporation before the Termination Date, if such termination was not caused by any direct or indirect involvement of the Executive or a subsequent employer of the Executive. 

  

 -11- 

	 	(D)	The Executive will not directly or indirectly either alone or in cooperation with others, encourage any supplier, distributor, franchisee, licensee, or other business relation of
the Corporation, any subsidiary or affiliate of the Corporation to cease or curtail doing business with the Corporation, any subsidiary or affiliate of the Corporation, or in any way interfere with the relationship between any such customer,
supplier, distributor, franchisee, licensee or business relation and the Corporation or subsidiary or affiliate. 

 If any restriction set
forth in this Agreement is determined by a court of competent jurisdiction to be unreasonable or unenforceable with respect to scope, time, geographical, customer or other coverage under circumstances then existing, the parties agree that
(a) the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to revise the restrictions contained herein to cover the maximum period,
scope and area permitted by law, so as to provide the maximum legally enforceable protection of the Corporation’s interests as described in this Agreement, without negating or impairing any other restrictions or agreements set forth herein, and
(b) the Benefit Period shall be reduced so as not to exceed any revised Restricted Period. 
 7. No Conflict. The
Executive represents that the Executive is not a party to any agreement with any third party containing a non-competition provision, non-solicitation provision, confidentiality provision or any other restriction that would prohibit or restrict the
Executive’s employment with the Corporation or any part of the services which the Executive provides to the Corporation or its clients. Moreover, the Executive represents that the Executive is not limited by any court order or other legal
obligation from performing any assigned duties for the Corporation and that the Executive has no rights which may conflict with the interests of the Corporation or with the Executive’s obligations hereunder. The Executive represents that the
Executive does not possess any documents or material containing confidential information from any prior employer and, to the extent the Executive knows or possesses any such confidential information, the Executive agrees not to disclose it to the
Corporation. Finally, the Executive states that he/she has disclosed to the Corporation all prior confidentiality, non-solicitation and non-compete agreements which he/she has entered into with his prior employers. 
 8. Change of Title, Duties. The Executive agrees that if, at any time, the Executive’s title or duties is changed by the Corporation
consistent with Paragraph 1 of this Agreement, the Executive nevertheless will continue to be bound in all particulars to the terms and conditions of this Agreement. 
 9. Validity. If any one or more of the provisions contained in the Agreement shall, for any reason, be held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or
unenforceability shall not affect any other provision of this Agreement, and this Agreement shall be constructed as if such invalid, illegal, or unenforceable provision had never been contained herein. 
  

 -12- 

 10. Reasonableness of Restrictions/Injunctive Relief. 
  

	 	(A)	The Executive acknowledges that his or her rights to compete and disclose Confidential Information and trade secrets are limited hereby only to the extent necessary to protect the
Corporation against unfair competition and that, in the event the Executive’s employment with the Corporation terminates for any reason, the Executive will be able to earn a livelihood without violating the foregoing restrictions. The Executive
acknowledges that the restrictions cited herein are reasonable and necessary for the protection of the Corporation’s legitimate business interests. 

  

	 	(B)	The Executive acknowledges that the services to be rendered by the Executive as the President Ryerson South Business Unit and Chicago Division are of a special, unique and
extraordinary character and, in connection with such services, the Executive will, by virtue of his/her senior position with the Corporation, have access to confidential information vital to the Corporation’s business. The Executive consents
and agrees that if the Executive violates any of the provisions of this Agreement, the Corporation would sustain irreparable harm and, therefore, in addition to any other remedies which the Corporation may have under this Agreement or otherwise, the
Corporation shall be entitled to an injunction from any court of competent jurisdiction restraining the Executive from committing or continuing any such violation of this Agreement, including, without limitation, restraining the Executive from
disclosing, using for any purpose, selling, transferring or otherwise disposing of, in whole or in part, any trade secrets, Confidential Information, proprietary information, client or customer lists or other information pertaining to the financial
condition, business, manner of operation, affairs, plans or prospects of the Corporation. The Executive acknowledges that damages at law would not be an adequate remedy for violation of this Agreement, and the Executive therefore agrees that the
provisions may be specifically enforced against the Executive in any court of competent jurisdiction. Nothing contained herein shall be construed as prohibiting the Corporation from pursuing any other remedies available to it for such breach or
threatened breach, including the recovery of damages. 

  

	 	(C)	The parties agree that money damages would be inadequate for any breaches of Paragraphs 4, 5 and 6 of this Agreement. Therefore, in the event of a breach or threatened breach of
Paragraphs 4, 5 or 6, the Corporation, or its successors or assigns may, in addition to other rights and remedies existing in its favor, apply to any court of competent jurisdiction for specific performance and/or injunctive or other relief, to
enforce, or prevent any violation of, the provisions hereof (without posting a bond or other security). 

  

 -13- 

	 	(D)	The Executive agrees that: (i) the covenants set forth in Paragraph 6 are reasonable, (ii) the Corporation would not have entered into this Agreement but for the covenants
of the Executive contained in Paragraph 6, and (iii) the covenants contained in Paragraph 6 have been made in order to induce the Corporation to enter into this Agreement. 

 11. Successors and Assigns. This Agreement shall be binding on, and inure to the benefit of, the Corporation and its successors and assigns
and any person acquiring, whether by merger, reorganization, consolidation, or by purchase of all or substantially all of the assets of the Corporation. The Executive agrees that the Corporation may assign its rights and obligations under this
Agreement. This Agreement shall be binding upon the Executive, without regard to the duration of his employment by the Corporation or reasons for the cessation of such employment, and inure to the benefit of his administrators, executors, and heirs,
although the obligations of the Executive are personal and may be performed only by the Executive. The interests of the Executive under this Agreement may not be voluntarily assigned, alienated or encumbered by the Executive or his successors in
interest, and any attempt to do so shall be void and of no effect. 
 12. Notification. The Executive shall notify all future
employers of the existence of Paragraphs 4, 5, 6, 9, 10, 17 and 18 of this Agreement and the terms thereof. The Executive will also provide the Corporation with information the Corporation may from time to time request to determine the
Executive’s compliance with the terms of this Agreement. The Executive hereby authorizes the Corporation to contact the Executive’s future employers and other parties with whom the Executive has engaged or may engage in any business
relationship to determine the Executive’s compliance with this Agreement and to communicate the contents of this Agreement to such employers and parties. 
 13. Cooperation in Certain Matters. The Executive agrees that, during the Employment Period and after the Termination Date, the Executive will cooperate with the Corporation in any current or future or
potential legal, business, or other matters in any reasonable manner as the Corporation may request, including but not limited to meeting with and fully answering the questions of the Corporation or its representatives or agents, and in any legal
matter testifying and preparing to testify at any deposition or trial. The Corporation agrees to compensate the Executive for any reasonable expenses incurred as a result of such cooperation. 
 14. Captions. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect. 
  

 -14- 

 15. No Mitigation. In no event shall the Executive be obligated to seek other employment or
take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and, except as specifically provided in Paragraph 3(A) hereof, the amount of any payment or benefit provided for in this
Agreement shall not be reduced by any compensation or benefits earned by the Executive as the result of employment by another employer. 
 16. Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed an original but which together shall constitute one and the same instrument. 
 17. Governing Law. In the event of any dispute arising under this Agreement, it is agreed that the law of the State of Illinois shall
govern the interpretation, validity, and effect of this Agreement without regard to the place of performance or execution thereof. 
 18.
Enforcement. The Corporation and the Executive hereby submit to the jurisdiction and venue of any state or federal court located within Cook County, Illinois for resolution of any and all claims, causes of action or disputes arising
out of, related to or concerning this Agreement and agree that services by registered mail to the addresses set forth below shall constitute sufficient service of process for any such action. The parties further agree that venue for all disputes
between them, including those related to this Agreement, shall be with a state or federal court located within Cook County, Illinois. If the Corporation is required to seek enforcement of any of the provisions of this Agreement, the Corporation will
be entitled to recover from the Executive its reasonable attorneys’ fees plus costs and expenses as to any issues on which it prevails. 
 19. Notices. Notices provided for in this Agreement shall be in writing and shall be deemed to have been duly received when delivered in person or sent by facsimile transmission, on the first business day after it is sent by
air express courier service or on the third business day following deposit in the United States registered or certified mail, return receipt requested, postage prepaid and addressed, in the case of the Corporation to the following address:

 Ryerson Inc. 
 2621 W. 15th
Place 
 Chicago, IL 60608 
 Attention: William Korda 
 or to the Executive: 
 Stephen E. Makarewicz 
 Home Address 
  

 -15- 

 or such other address as either party may have furnished to the other in writing in accordance herewith, except that a
notice of change of address shall be effective only upon actual receipt. 
 20. Waiver of Breach. The waiver by either the
Corporation or the Executive of a breach of any provision of this Agreement shall not operate as or be deemed a waiver of any subsequent breach by either the Corporation or the Executive. Continuation of payments hereunder by the Corporation
following a breach by the Executive of any provision of this Agreement shall not preclude the Corporation from thereafter terminating said payments based upon the same violation. 
 21. Survival of Agreement. Except as otherwise expressly provided in this Agreement, the rights and obligations of the parties to this
Agreement shall survive the termination of the Executive’s employment with the Corporation. 
 22. Acknowledgment by
Executive. The Executive represents to the Corporation that he/she is knowledgeable and sophisticated as to business matters, including the subject matter of this Agreement, that he/she has read this Agreement and that he/she understands its
terms. The Executive acknowledges that, before assenting to the terms of this Agreement, the Executive has been given a reasonable time to review it, to consult with counsel of choice, and to negotiate at arm’s-length with the Corporation as to
the contents. 
 23. Other Agreements and Modification. This Agreement may be amended or cancelled only by written mutual
Agreement executed by the parties. This Agreement constitutes the sole and complete Agreement between the Corporation and the Executive and supersedes all other agreements, both oral and written, between the Corporation and the Executive with
respect to the matters contained herein; provided, however, that this Agreement does not supersede any Change in Control Agreement or Severance Plan, except as specifically addressed in this Agreement. The parties acknowledge that other than what is
contained in this Agreement, no verbal or other statements, inducements, or representations have been made to or relied upon by the Executive. The parties each represent to the other that they have read and understand this Agreement. 
 24. Ambiguities. This Agreement has been negotiated at arms-length between persons knowledgeable in the matters dealt with herein. In
addition, each party has been represented by experienced and knowledgeable legal counsel. Accordingly, the parties agree that neither the Corporation nor the Executive is the drafting party and that any rule of law or any other statutes, legal
decisions or common law principles of similar effect that require interpretation of any ambiguities in this Agreement against the party that has drafted it is of no application and is hereby expressly waived. The provisions of this Agreement shall
be interpreted in a reasonable manner to give effect to the intentions of the parties hereto. 
  

 -16- 

 IN WITNESS WHEREOF, the Executive has hereunto set his or her hand, and the Corporation has caused
these presents to be executed in its name and on its behalf, as of the date above first written. 
  

					
		 		 	RYERSON INC.
			
	Dated: 3/6/07	 		 	/s/ William Korda
		 		 	William Korda
		 		 	Vice President Human Resources
			
	Dated: 3/5/07	 		 	/s/ Stephen E. Makarewicz
		 		 	Stephen E. Makarewicz
		 		 	President Ryerson South Business Unit and Chicago Division

  

 -17-

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