Based on the provided financial report, the title of the article is likely: "Olympic Steel Inc. Reports First Quarter 2025 Financial Results" This title is inferred from the company name "Olympic Steel Inc." and the reporting period "First Quarter 2025" mentioned in the document.

Summary and Analysis of Key Points

Overview:

• Ryerson Holding Corporation is a leading metals service center focused on the direct sale and value-added processing of carbon and coated sheet, plate and coil products; stainless steel sheet, plate, bar and coil; aluminum sheet, plate and coil; pipe, tube bar, valves and fittings, tin plate and metal-intensive end-use products.
• The company operates in three reportable segments: specialty metals flat products, carbon flat products, and tubular and pipe products.
• Ryerson’s results are affected by numerous external factors including metals pricing, demand and availability, labor availability and costs, global supply, tariffs, economic conditions, and competition.

Financial Performance:

• Net sales decreased 6.4% in Q1 2025 compared to Q1 2024, due to a 10.2% decrease in average selling prices partially offset by a 4.3% increase in sales volume.
• Cost of materials sold decreased 8.1% due to lower metals pricing.
• Gross profit as a percentage of net sales increased to 24.0% in Q1 2025 from 22.6% in Q1 2024, as the average cost of inventory decreased more than the average selling prices.
• Operating expenses increased 7.3% due to the inclusion of MetalWorks operating expenses and higher variable operating costs.
• Net income decreased to $2.5 million in Q1 2025 from $8.7 million in Q1 2024.

Segment Performance:

• Specialty Metals Flat Products:
  • Tons sold increased 5.9%, but net sales were flat due to a 5.8% decrease in average selling prices.
  • Gross profit as a percentage of net sales decreased to 16.0% from 16.9% due to the average selling prices decreasing more than the average cost of materials.
• Carbon Flat Products:
  • Tons sold increased 6.0%, but net sales decreased 4.9% due to a 10.3% decrease in average selling prices.
  • Gross profit as a percentage of net sales increased to 24.8% from 21.7% as the average cost of inventory decreased more than the average selling prices.
• Tubular and Pipe Products:
  • Net sales decreased 19.7% due to a 9.2% decrease in average selling prices and an 11.6% decrease in shipping volume.
  • Gross profit as a percentage of net sales increased to 34.7% from 33.1% as the average cost of inventory decreased more than the average selling prices.

Liquidity and Capital Resources:

• Ryerson generated $49.4 million in net cash from operations in Q1 2025, of which $41.7 million was from working capital.
• The company used $8.8 million for investing activities, primarily for capital expenditures.
• Financing activities used $39.2 million, mainly for net repayments under the ABL Credit Facility and dividend payments.
• As of March 31, 2025, Ryerson had approximately $254 million of availability under its $625 million ABL Credit Facility.

Outlook:

• Ryerson believes it has sufficient liquidity to fund anticipated working capital, capital expenditures, dividends, and potential acquisitions over the next 12 months and foreseeable future.
• The company continues to face risks and uncertainties related to factors such as metals pricing, supply chain disruptions, labor availability, economic conditions, and competition.