I N V E S T O R P R E S E N T A T I O N

2 0 1 6 I N V E S T O R P R E S E N T A T I O N J U N E 1 5, 2 0 1 6

IMPORTANT INFORMATION ABOUT RYERSON HOLDING CORPORATION These materials do not constitute an offer or solicitation to purchase or sell securities of Ryerson Holding Corporation (the Company ) and no investment decision should be made based upon the information provided herein. Ryerson strongly urges you to review its filings with the Securities and Exchange Commission, which can be found at ir.ryerson.com/financial-info/sec-filings/. This site also provides additional information about Ryerson. SAFE HARBOR PROVISION Certain statements made in this presentation and other written or oral statements made by or on behalf of the Company constitute forward-looking statements within the meaning of the federal securities laws, including statements regarding our future performance, as well as management s expectations, beliefs, intentions, plans, estimates or projections relating to the future. Such statements can be identified by the use of forward-looking terminology such as believes, expects, may, estimates, will, should, plans or anticipates or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. The Company cautions that any such forward-looking statements are not guarantees of future performance and may involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of various factors. Among the factors that significantly impact the metals distribution industry and our business are: the cyclicality of our business; the highly competitive and fragmented market in which we operate; fluctuating metal prices; our substantial indebtedness and the covenants in instruments governing such indebtedness; the integration of acquired operations; regulatory and other operational risks associated with our operations located inside and outside of the United States; work stoppages; obligations regarding certain employee retirement benefit plans; the ownership of a majority of our equity securities by a single investor group; currency fluctuations; and consolidation in the metals producer industry. Forward-looking statements should, therefore, be considered in light of various factors, including those set forth above and those set forth under Risk Factors in our annual report on Form 10-K for the year ended December 31, 2015 and in our other filings with the Securities and Exchange Commission. Moreover, we caution against placing undue reliance on these statements, which speak only as of the date they were made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events or circumstances, new information or otherwise. NON-GAAP MEASURES Certain measures contained in these slides or the related presentation are not measures calculated in accordance with generally accepted accounting principles (GAAP). They should not be considered a replacement for GAAP results. Non-GAAP financial measures appearing in these slides are identified in the footnotes. A reconciliation of these non-gaap measures to the most directly comparable GAAP financial measures is included in the Appendix. 2

B U S I N E S S O V E R V I E W M I K E B U R B A C H P R E S I D E N T, N O R T H - W E S T R E G I O N

Ryerson: Scale and Network One of North America s largest metals processors and distributors, with 2015 sales of $3.2 billion Approximately 100 interconnected locations in North America and China Founded in 1842; listed on NYSE since 2014 Distribute 65,000 products to 40,000 active customers 4

Metal Service Center Supply Chain S U P P L I E R S Manufacture metals Produce & ship large volumes Have long lead times with high variance delivery times R Y E R S O N S E R V I C E C E N T E R S Purchase in scale; ship smaller quantities Distribute more than 65,000 carbon, stainless, and aluminum products Process 75% of products sold Deliver same/next day Provide product and end-market expertise C U S T O M E R S Purchase smaller quantities Require a variety of products and services Can leverage Ryerson to reduce processing and inventory investment needs 5

Ryerson s Differentiated Model: What Customers Value ONE RYERSON Single franchise / one brand Great customer experiences GEOGRAPHIC SCALE Service largest metals markets to meet our customers needs RYERSON Leveraging Scale and Integrated Network CONNECTIVITY Technical knowledge Processing & fabrication Logistics Inventory MULTI-CHANNEL SALES Local sales and service Customer service prospecting centers Ryerson.com / e-commerce 6

Highlights: Excellent Execution Amidst Bottoming Secular Trends Macro Environment Stabilizing and improving industrial metal commodity prices Pressure for secular demand improvement building as underinvestment is prevalent Ryerson s Execution Proven expense and working capital management Ryerson business model and execution building momentum Market share gains Cash generation and reducing leverage 7

Price index to Jun. 2014 2016 Commodity Prices: Global Capacity Surplus Rebalancing Carbon Recovery With Range-Bound Nickel and Aluminum 1.300 1.200 1.100 1.000 0.900 0.800 0.700 0.600 0.500 0.400 CRU HRC LME Nickel Midwest Aluminum 2016 Prices Chg. Jun '14 vs. Dec '15 Chg. Dec '15 vs. May '16 CRU HRC (USD/st) -47% 66% LME Nickel Cash Average (USD/lb) -53% 0% Midwest Aluminum (USD/lb) -25% 2% Source: Bloomberg 8

PMI Trends: Slowly Improving From A Bottoming Over The Past Three Quarters 53.1 53.1 U. S. M A N U F A C T U R I N G P M I 51.9 51.0 51.8 50.8 51.3 50.0 49.4 49.5 48.4 48.0 48.2 MAY-15 JUN-15 JUL-15 AUG-15 SEP-15 OCT-15 NOV-15 DEC-15 JAN-16 FEB-16 MAR-16 APR-16 MAY-16 Source: Bloomberg 9

Tons in Thousands Macro Trends: Promising Over The Longer-Term With Underinvestment Notable Since 2009 6,000 U. S. C A R B O N a n d S T A I N L E S S S T E E L S H I P M E N T S 5,500 5,000 4,500 Average Tons Jan. '93 - Oct. '08 = 4,200 Average Tons Nov. '08 - Present = 3,200 4,000 3,500 3,000 2,500 2,000 Source: Metals Service Center Institute 10

End Market Mix, Recovery and Growth Oil & Gas 7% Food Processing & Ag. 7% 2 0 1 5 S A L E S M I X All Other 7% Commercial Ground Transportation 18% Shading based on Q1 2016 vs. Q1 2015 tonnage change: GROWING STABLE DECLINING Construction Equipment 8% Metal Fabrication and Machine Shops 18% HVAC 8% Consumer Durable 10% Industrial Machinery and Equipment 17% 11

A Ryerson for All Seasons with Competitive Advantages Built Around Speed, Scale, Value-Add, Culture and Analytics Industry-leading expense and working capital management NATHAN NORMAN SERVICE CENTER OPERATOR ELDRIDGE, IOWA Enhancing margins with greater value-add Building sustainable competitive advantages to fuel growth Excellent execution and market share gains Generating strong cash flows and reducing debt balances 12

INDUSTRY-LEADING PERFORMANCE OPERATIONAL EFFICIENCY Expense and working capital leadership Significant operating leverage Best practice talent management Speed MARGIN EXPANSION Optimize product and customer mix Value-added processing Value-driven pricing Supply chain innovation, architecture and leadership PROFITABLE GROWTH Leveraging scale in highly fragmented market Multi-channel sales and distribution platform Investment in capabilities Bolt-on acquisitions Unleashing analytics Our culture: contributing meaningfully to our customers success 13

Impressive U.S. Carbon and Stainless Market Share Gains T O N N A G E M A R K E T S H A R E 3.75% 3.41% 3.46% 3.51% 3.53% Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 Source: Metals Service Center Institute 14

Optimizing Mix to Improve Gross Margin Dollars 2 0 1 0 S A L E S M I X Fabrication 6.7% Cut Long & Plate 2.9% 2 0 1 5 S A L E S M I X Fabrication 10.4% Cut Long & Plate 4.2% Cut to Length Sheet 67.8% As-Is Long & Plate 18.7% Cut to Length Sheet 63.1% As-Is Long & Plate 20.3% Expand value-added processing: More than 75% of metal gets processed to customer specifications with growth in high margin fabrication Understand margins, cost to serve, asset efficiency and industry math 15

Proven Operational Efficiency and Industry Leadership DAYS OF SUPPLY 110 109 109 106 101 16.5% EXPENSE PERCENTAGE EXCLUDING D&A AND ONE-TIME ITEMS 17.5% 17.6% 19.1% 20.5% 82 84 82 80 75 11.5% 12.5% 11.9% 12.9% 14.0% 2012 2013 2014 2015 Q1 2016 2012 2013 2014 2015 Q1 2016 Expense % excluding D&A and one-time items is a non-gaap financial measure. A reconciliation of this non-gaap financial measure to the comparable GAAP measure is included in the Appendix. Competitor averages are based on Ryerson s analysis of financial information disclosed in competitors SEC filings. Competitor averages include Reliance Steel & Aluminum, Olympic Steel, Kloeckner Metals, Russel Metals and A.M. Castle. Ryerson Competitor Averages 16

F I N A N C I A L O V E R V I E W J I M C L A U S S E N R E G I O N C F O

Ryerson Financial Priorities Maintain operational efficiency Manage working capital Maximize liquidity position Propel growth, invest in high return capital projects and bolt-on acquisitions 18

2016 Q1 Performance Highlights Earnings Net income of $13.5M Earnings per share of $0.42, or $0.26 on an adjusted basis Gross margin increased 370 bps to 21.0% vs. Q1 15 Gross margin, excluding LIFO increased 300 bps to 18.9% vs. Q1 15 Adjusted EBITDA, excluding LIFO of $37M Market Share Gains Ryerson volume up 0.4% year-over-year vs. MSCI decline of 8.5% Expense Reductions Expenses down $7M, or 6%, versus Q1 15 Working Capital, Cash Flow & Liquidity Cash flow from Operating Activities of $47M Net debt was $286M (24%) lower than year-end 2014 Total liquidity of $313M improved by $40M compared to 2015 year-end ANGEL ALFARO OPERATIONS SUPERVISOR ELGIN, ILLINOIS 19

Quarterly Financial Highlights: Managing Well Through a Downturn TONS SHIPPED (000'S) AVERAGE SELLING PRICE PER TON 476 488 492 441 478 1,824 1,722 1,606 1,517 1,470 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 GROSS MARGIN GROSS MARGIN EXCL. LIFO 17.3% 19.7% 19.0% 15.2% 21.0% 15.9% 15.3% 16.3% 16.8% 18.9% Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 20

Quarterly Financial Highlights: Managing Well Through a Downturn NET INCOME ($M) ADJ. EBITDA EXCL. LIFO ($M) $16 $7 $14 ($3) ($21) Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 $36 $29 $30 $37 $14 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 21

Ongoing Debt Reduction Through an Industry Downturn N E T D E B T ( $ M ) Reduced Debt $286M $1,188 $1,127 $1,070 $1,043 $958 $902 Q4 '14 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 22

Investing in the Business More than $100 million in growth capex since 2010, expanding value-added capabilities Developed and enhanced intelligent systems for connecting people, supply chains, inventory, fixed assets and logistics for exceptional customer experiences Six bolt-on acquisitions since 2010 Accretive to earnings and margins Focus on value-added processing Broaden transactional customer portfolio Enhance supply chain network and service points JASON CHONTOS, MAC BHAGWANDINE OPERATIONS SUPERVISOR, LINE PACKAGER BURNS HARBOR, ILLINOIS 23

C O N C L U S I O N M I K E B U R B A C H P R E S I D E N T, N O R T H - W E S T R E G I O N

Conclusion Industry-leading expense and working capital management Enhancing margins with greater value-add Building sustainable competitive advantages to fuel growth Excellent execution and market share gains Generating strong cash flows and reducing debt balances Rising prices expected to impact operating trends starting in 2Q 16 SHAWN ZUK SLITTER OPERATOR BURNS HARBOR, ILLINOIS 25

A P P E N D I X

Ryerson s DNA ANALYTICS SPEED CULTURE VALUE-ADD SCALE 27

Ryerson s Periodic Table : How We Deliver Value to Customers FAB BURN/CUT AS IS FAB CARBON STAINLESS ALUMINUM AS IS BURN/CUT FLAT LONG PLATE METAL SHAPE PROCESSING 28

Leveraging Scale and Integrated Network BENEFITS Better asset utilization: Service Center 12 Multi-Markets Ryerson Integrated Network of Approximately 100 Locations Shared and optimized inventory Shared processing equipment Shared human resources More responsive customer service and prospecting: Local service center Ryerson.com / e-commerce After hours call centers 29

Tailwinds Forming in our End Markets End Market Customer Recent End Market Commentary Industry Growth Outlook HVAC Commercial Ground Transportation Metal Fabrication and Machine Shops Industrial Machinery and Equipment Strong performance in 2015; Continued improvement expected throughout 2016 Steady growth expected going forward after a 2016 reset due to previously strong environment Strong performance in 2015; Continued improvement expected throughout 2016 7.1% (2015-2020 Americas HVAC Market Revenue CAGR) Construction Equipment Transportation bill expected to drive infrastructure spend 5.8% (2015-2020 U.S. Non-res. Construction Put in Place CAGR) 4.3% (2015-2019 U.S. Medium and Heavy Truck Volume CAGR) 3.5% (2014-2019 U.S. Fabricated Metal Production Shipments CAGR) Consumer Durables Improvements driven by consumer spending 3.1% (2014-2020 U.S. Major Household Appliance Demand CAGR) Agricultural Equipment Food Processing Oil & Gas Sources: Wall Street Research. Steady growth expected going forward after a 2016 reset due to previously strong environment Tied to strong consumer spending levels Maintains consistent growth profile 2.0% (2015-2020 U.S. Machinery Market Value CAGR) Declines continued throughout 2015; Long-term stabilization and growth expected 3.1% (2015-2019 U.S. Agricultural Machinery Volume CAGR) 2.7% (2015-2020 U.S. Food, Beverage and Tobacco Processing Equipment Value CAGR) Return to growth in 2017 (North America E&P Capex Spend) 30

Ryerson Expects to Benefit from Commodity Price Increases Beginning in 2Q 2016 Trade Cases Carbon sheet case rulings Recently filed actions on stainless by US producers against China Newly filed case on coiled carbon plate against 12 countries ENFORCE Act & TPA better trade case accountability EU & India also targeting Chinese overcapacity with trade cases Overall environment shifting to a domestic offshore rebalancing 31

Counter-Cyclical Cash Flow: $281M Generated Over 13 Quarters Cash Flow from Operations ($M) $259 $162.9 $48 $47 ($73) 2013 2014 2015 Q1 '16 32

Adequate Availability and Liquidity to Finance RYI s Business Plan $273 65 $313 48 25 23 185 240 Q4-15 Q1-16 North American Availability Foreign Availability Cash & Equivalents 33

Non-GAAP Reconciliation EBITDA represents net income before interest and other expense on debt, provision for income taxes, depreciation and amortization. Adjusted EBITDA gives further effect to, among other things, impairment charges on assets, reorganization expenses and the payment of management fees. We believe that the presentation of EBITDA, Adjusted EBITDA, Adjusted EBITDA, excluding LIFO expense (income), and other non-gaap numbers included in the presentation provides useful information to investors regarding our operational performance because they enhance an investor s overall understanding of our core financial performance and provides a basis of comparison of results between current, past and future periods. We also disclose the metric adjusted EBITDA, excluding LIFO expense (income), to provide a means of comparison amongst our competitors who may not use the same basis of accounting for inventories. EBITDA, Adjusted EBITDA and Adjusted EBITDA, excluding LIFO expense (income), are three of the primary metrics management uses for planning and forecasting in future periods, including trending and analyzing the core operating performance of our business without the effect of U.S. generally accepted accounting principles, or GAAP, expenses, revenues and gains (losses) that are unrelated to the day to day performance of our business. We also establish compensation programs for our executive management and regional employees that are based upon the achievement of pre-established EBITDA, Adjusted EBITDA and Adjusted EBITDA, excluding LIFO expense (income), targets. We also use EBITDA, Adjusted EBITDA and Adjusted EBITDA, excluding LIFO expense (income), to benchmark our operating performance to that of our competitors., EBITDA, Adjusted EBITDA and Adjusted EBITDA, excluding LIFO expense (income) do not represent, and should not be used as a substitute for, net income or cash flows from operations as determined in accordance with generally accepted accounting principles, and neither EBITDA, Adjusted EBITDA and Adjusted EBITDA, excluding LIFO expense (income), is necessarily an indication of whether cash flow will be sufficient to fund our cash requirements. This presentation also presents gross margin, excluding LIFO expense (income), which is calculated as gross profit plus LIFO expense (or minus LIFO income), divided by net sales. We have excluded LIFO expense (income) from the gross margin and Adjusted EBITDA as a percentage of net sales metrics in order to provide a means of comparison amongst our competitors who may not use the same basis of accounting for inventories as we do. We also have disclosed the metric warehousing, delivery, selling, general and administrative expenses excluding depreciation and amortization and IPO expenses to provide a means of comparison to our prior periods that do not include IPO-related expenses. Our definitions of EBITDA, Adjusted EBITDA, Adjusted EBITDA, excluding LIFO expense (income), gross margin, excluding LIFO expense (income), and Adjusted EBITDA, excluding LIFO expense (income), as a percentage of sales may differ from that of other companies. Net income (loss) and earnings (loss) per share excluding impairment charges on assets and gain on debt retirement is presented to provide a means of comparison with periods that do not include impairment charges on assets and gain on debt retirement. 34

Non-GAAP Reconciliation ($M) 2010 2011 2012 2013 2014 2015 Net Sales 3,895.5 4,729.8 4,024.7 3,460.3 3,622.2 3,167.2 Gross Profit 539.8 658.8 709.6 616.6 593.8 567.7 LIFO Expense (Income) 52.4 48.6 (63.1) (33.0) 42.3 (59.5) Gross Profit, excluding LIFO 592.2 707.4 646.5 583.6 636.1 508.2 Gross Margin, excluding LIFO 15.2% 15.0% 16.1% 16.9% 17.6% 16.0% Warehousing, delivery, selling, general and administrative expenses 506.9 539.7 508.9 480.1 509.2 450.8 IPO-related expenses - - - - 33.0 - Depreciation and amortization expense 38.4 43.0 47.0 46.6 45.6 43.7 Warehousing, delivery, selling, general and administrative expenses excluding Depreciation and Amortization and IPO-related expenses 468.5 496.7 461.9 433.5 430.6 407.1 Expense excluding Depreciation and Amortization, impairment, restructuring, and IPO-related expenses % of Net Sales 12.0% 10.5% 11.5% 12.5% 11.9% 12.9% Net Income (loss) attributable to Ryerson Holding (104.0) (8.1) 47.1 127.3 (25.7) (0.5) Interest and other expense on debt 107.5 123.1 126.5 110.5 107.4 96.3 Provision (benefit) for income taxes 13.1 (11.0) (5.5) (112.3) (0.7) 3.7 Depreciation and amortization expense 38.4 43.0 47.0 46.6 45.6 43.7 EBITDA 55.0 147.0 215.1 172.1 126.6 143.2 Reorganization 19.1 17.8 5.8 11.5 5.4 9.7 Gain on sale of assets - - - - (1.8) (1.9) Gain on settlements (2.6) - - - (0.4) (4.4) Advisory service fee 5.0 5.0 5.0 5.0 28.3 - Loss of retirement of debt - - 32.8-11.2 (0.3) Foreign currency transaction (gains) losses 2.7 0.8 1.5 (3.7) (5.3) (1.5) Impairment charges on fixed assets and goodwill 1.4 9.3 1.0 10.0-20.0 Gain on bargain purchase - (5.8) - - - - Purchase consideration and other transaction costs - - 4.3 3.5 11.2 3.7 Other adjustments 0.5 0.4 (0.8) 4.2 - - Adjusted EBITDA 81.1 174.5 264.7 202.6 175.2 168.5 LIFO Expense (Income) 52.4 48.6 (63.1) (33.0) 42.3 (59.5) Adjusted EBITDA, excluding LIFO 133.5 223.1 201.6 169.6 217.5 109.0 Adjusted EBITDA Margin, excluding LIFO 3.4% 4.7% 5.0% 4.9% 6.0% 3.4% 35

Non-GAAP Reconciliation RYERSON HOLDING CORPORATION AND SUBSIDIARY COMPANIES Reconciliation of Net Income (Loss) and Earnings (Loss) per Share Excluding Impairment Charges on Assets and Gain on Debt Retirement (Dollars and Shares in Millions, Except Per Share Data) First Quarter Dollars and Shares in Millions, Except per Share Data Q1 '16 Q1 '15 Net Income (loss) attributable to Ryerson Holding Corporation $ 13.5 $ (2.5) Earnings (loss) per share, basic and diluted $0.42 ($0.08) Impairment charges on assets and gain on debt retirement to exclude: Impairment charges on assets - 12.3 Gain on debt retirement (8.2) - Provision (benefit) for income taxes 2.9 (4.9) Net income (loss) attributable to Ryerson Holding Corporation, excluding impairment charges on assets and gain on debt retirement $ 8.2 $ 4.9 Earnings (loss) per share, excluding impairment charges on assets and gain on debt retirement - basic and diluted $ 0.26 $ 0.15 Shares outstanding - basic and diluted 32.1 32.0 Note: Net income (loss) and Earnings (loss) per share excluding impairment charges on assets and gain on debt retirement is presented to provide a means of comparison with periods that do not include impairment charges on assets and gain on debt retirement. 36

Non-GAAP Reconciliation ($M) Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 Net income (loss) attributable to Ryerson Holding Corporation (2.5) 15.8 6.7 (20.5) 13.5 Interest and other expense on debt 25.3 23.8 25.4 21.8 22.0 Provision (benefit) for income taxes (0.2) 10.2 6.1 (12.4) 8.1 Depreciation and amortization expense 11.1 11.1 11.7 9.8 10.9 EBITDA 33.7 60.9 49.9 (1.3) 54.5 Reorganization 1.5 2.2 1.3 4.7 1.3 Gain on sale of assets - - - (1.9) - Gain on settlements - - - (4.4) - (Gain) loss on retirement of debt 0.5 0.2 (1.0) - (8.2) Foreign currency transaction (gains) losses (1.6) 0.5 (0.1) (0.3) 2.9 Impairment charges on assets 12.3 1.4 0.5 5.8 - Purchase consideration and other transaction costs 1.5 1.1 0.5 0.6 1.5 Other adjustments - (0.1) (0.1) 0.2 - Adjusted EBITDA 47.9 66.2 51.0 3.4 52.0 LIFO expense (income), net (12.0) (37.0) (21.3) 10.8 (14.8) Adjusted EBITDA, excluding LIFO expense (income), net 35.9 29.2 29.7 14.2 37.2 Net sales 868.0 840.4 790.0 668.8 702.6 Adjusted EBITDA, excluding LIFO expense (income), net, as a percentage of net sales 4.1% 3.5% 3.8% 2.1% 5.3% Gross profit 150.0 165.8 150.3 101.6 147.6 LIFO expense (income), net (12.0) (37.0) (21.3) 10.8 (14.8) Gross profit, excluding LIFO expense (income), net 138.0 128.8 129.0 112.4 132.8 Gross margin, excluding LIFO expense (income), net 15.9% 15.3% 16.3% 16.8% 18.9% 37

Net Debt Calculation ($M) Q4 '14 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 Total Debt 1,259.1 1,202.4 1,145.0 1,094.2 1,023.5 976.6 Less: Cash and cash equivalents 60.0 70.8 66.0 48.3 63.2 70.5 Less: Marketable securities 11.2 5.1 8.6 3.1 2.2 3.8 Net Debt 1,187.9 1,126.5 1,070.4 1,042.8 958.1 902.3 38