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                                  SCHEDULE 14A
                                 (RULE 14a-101)

                     INFORMATION REQUIRED IN PROXY STATEMENT
                  PROXY STATEMENT PURSUANT TO SECTION 14(A) OF
                       THE SECURITIES EXCHANGE ACT OF 1934
                                (AMENDMENT NO. )

                           Filed by the Registrant [_]
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                 Check the appropriate box:

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            [_]  Confidential, for Use of the Commission Only
                 (as permitted by Rule 14a-6(e)(2))
            [_]  Definitive Proxy Statement
            [_]  Definitive Additional Materials
            [X]  Soliciting material Pursuant to Rule 14a-11(c) or Rule 14a-12


                                  RYERSON INC.
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                (Name of Registrant as Specified In Its Charter)


                 HARBINGER CAPITAL PARTNERS MASTER FUND I, LTD.
                                       AND
            HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P.
    ------------------------------------------------------------------------
    (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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The following  press release was issued by Harbinger  Capital  Partners  Master
Fund I, Ltd. and Harbinger  Capital Partners  Special  Situations Fund, L.P. on
February 14, 2007.

                                      * * *

- -------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE

             HARBINGER CAPITAL PARTNERS COMMENTS ON RYERSON INC.'S
                     FOURTH QUARTER AND FULL YEAR EARNINGS

                       COMPANY CONTINUES TO UNDERPERFORM;
                RESULTS CONFIRM NEED FOR CHANGE AT BOARD LEVEL
- -------------------------------------------------------------------------------

NEW YORK,  FEBRUARY 14, 2007 - Harbinger  Capital  Partners Master Fund I, Ltd.
and  Harbinger  Capital  Partners  Special  Situations  Fund,  L.P.  (together,
"Harbinger")  today commented on Ryerson Inc.'s (NYSE:  RYI) fourth quarter and
full year 2006 results which were released earlier today.

Larry Clark, Managing Director of Harbinger Capital Partners,  said: "There has
also been no  improvement  to the Company's  dismal  execution of steel service
center basics - buying and selling steel  profitably.  Management's plan to fix
the Company's serious  inventory  problem is linked to a technology  conversion
that is  escalating  in cost and will not be  complete  for  almost  two years.
Considering  this team's long history of  substantial  underperformance  on the
basic  service  center  operating  metrics  of  inventory  management  and cash
generation,  we harbor substantial doubts that they will deliver on this or any
of their other stated initiatives to turn this business around."

Clark added, "As Ryerson's largest  shareholder,  we are very disappointed with
but not  surprised  by  today's  announced  fourth  quarter  and full year 2006
results.  They are significantly  below consensus  estimates and certainly make
the case for change in the Company's Board even more  compelling.  Along with a
precipitous  decline in net income which  resulted in a 17 cent per share loss,
the  Company's  gross margins are lower than they have been in almost a decade.
We found  it  particularly  troublesome  to hear CEO  Neil  Novich  attempt  to
minimize  Ryerson's poor profit  performance on today's quarterly call, when he
stated that  `looking at gross  margin  percent...is  just not very  useful' in
gauging a company's financial health and relative performance."

Specifically, Harbinger noted that, based on the Ryerson earnings announcement
and its previous public filings:

   o   Despite a slight  increase  in fourth  quarter  revenue,  Ryerson's  net
       income declined precipitously from a year-ago profit of $6.3 million, or
       24 cents a share, to a loss of $4.5 million, or 17 cents a share;
   o   The Company came in below consensus estimates on both the top and bottom
       line(1);
   o   Tons shipped decreased 10.5% year-over-year from 820 thousand tons in Q4
       2005 to 734 thousand tons in Q4 2006;
   o   Operating  profit per ton decreased 55%  year-over-year  from $33 to $15
       for Q4 2006;
   o   EBITDA margin decreased to 1.5% in Q4 2006 from 2.7% in Q4 2005;
   o   Total debt increased  37.5%  year-over-year  from  approximately  $877.2
       million to $1.2 billion;

- ---------------
(1)  Consensus  estimates are from:  I/B/E/S - Institutional  Brokers Estimates
     System




   o   Debt to total capitalization stood at 65% at end of 2006 versus 61.6% at
       end of 2005;
   o   LIFO  adjusted  inventory  increased  47.4%  from  $1,107.0  million  to
       $1,632.6 million, with 50% of that increase related to increased volume,
       not pricing;
   o   Inventory turns for Q4 2006 were 3.1x vs. 3.9x in Q4 2005;
   o   The SAP  conversion  is now  expected  to cost $80  million  instead  of
       original  estimate of $65 million;  and
   o   The company failed to provide meaningful financial guidance for the next
       quarter or for the 2007 full-year.

"Management  continues to fail to execute their  business plan and the Board is
unable or unwilling to provide the  appropriate  guidance to enhance  value for
shareholders.  The Company's  cursory  dismissal of  Harbinger's  proposals and
failure to detail what  elements of  Harbinger's  analysis  they  disagree with
demonstrate  their complete  disregard for  shareholders  concerns,  especially
considering that the Company's performance issues we noted in January have only
worsened.  The bottom line is today's  announcement clearly demonstrates a real
need for change at the board level," concluded Clark.

Harbinger,  which owns a 9.7 percent stake in Ryerson,  is seeking the election
of seven independent directors to replace the majority of the existing Board of
Directors of Ryerson Inc. at the Company's 2007 Annual Meeting of shareholders.
Harbinger's  experienced and independent director nominees include Mr. Keith E.
Butler, Mr. Eugene I. Davis, Mr. Daniel W. Dienst,  Mr. Richard  Kochersperger,
Mr. Larry J.  Liebovich,  Mr.  Gerald Morris and Mr. Allen  Ritchie.  Harbinger
detailed its  intention in a written  notice to Ryerson's  Board of  Directors,
filed in a Schedule 13-D amendment on January 3, 2007.


ABOUT HARBINGER CAPITAL PARTNERS

The Harbinger Capital Partners investment team located in New York City manages
in excess of $5  billion  in  capital  through  two  complementary  strategies.
Harbinger  Capital  Partners Master Fund I, Ltd. is focused on  restructurings,
liquidations,   event-driven  situations,  turnarounds  and  capital  structure
arbitrage,  including  both long and short  positions in highly  leveraged  and
financially distressed companies. Harbinger Capital Partners Special Situations
Fund, L.P. is focused on distressed debt securities, special situation equities
and private loans/notes in a predominantly long-only strategy.

INVESTOR CONTACT:
Harbert Management Corporation - John McCullough - 205-987-5576

MEDIA CONTACT:
Sard Verbinnen & Co. - Brandy Bergman or Dan Gagnier - 212-687-8080



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ADDITIONAL INFORMATION

HARBINGER INTENDS TO MAKE A PRELIMINARY FILING WITH THE SECURITIES AND EXCHANGE
COMMISSION OF A PROXY  STATEMENT AND AN  ACCOMPANYING  PROXY CARD TO BE USED TO
SOLICIT  PROXIES IN  CONNECTION  WITH THE RYERSON  INC.  2007  ANNUAL  MEETING.
SECURITY  HOLDERS ARE ADVISED TO READ THE PROXY  STATEMENT AND OTHER  DOCUMENTS
RELATED TO THE  SOLICITATION  OF PROXIES FROM  STOCKHOLDERS OF RYERSON INC. FOR
USE AT THE 2007 ANNUAL  MEETING  WHEN THEY BECOME  AVAILABLE  BECAUSE THEY WILL
CONTAIN  IMPORTANT   INFORMATION,   INCLUDING   INFORMATION   RELATING  TO  THE
PARTICIPANTS IN SUCH PROXY  SOLICITATION.  WHEN COMPLETED,  A DEFINITIVE  PROXY
STATEMENT AND A FORM OF PROXY WILL BE MAILED TO RYERSON INC.  STOCKHOLDERS  AND
WILL BE AVAILABLE  AT NO CHARGE AT THE  SECURITIES  AND  EXCHANGE  COMMISSION'S
WEBSITE AT HTTP://WWW.SEC.GOV. INFORMATION RELATING TO THE PARTICIPANTS IN SUCH
PROXY  SOLICITATION  IS AND WILL BE  CONTAINED  IN THE  SCHEDULE  13D  FILED BY
HARBINGER AND IN AMENDMENTS THERETO.


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