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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 [_]
                 Filed by a Party other than the Registrant [X]

                 Check the appropriate box:

            [_]  Preliminary Proxy Statement
            [_]  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.
    ------------------------------------------------------------------------
                (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)

PAYMENT OF FILING FEE (Check the appropriate box):

[X] No fee required.
[_] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
    1) Title of each class of securities to which transaction applies:__________
    2) Aggregate number of securities to which transaction
       applies:_______________
    3) Per unit price or other underlying value of transaction computed pursuant
       to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee
       is calculated and state how it was determined):__________________________
    4) Proposed maximum aggregate value of transaction:_________________________
    5) Total fee paid:__________________________________________________________
[_] Fee paid previously with preliminary materials.
[_] Check box if any part of the fee is offset as provided by Exchange Act Rule
    0-11(a)(2) and identify the filing for which the offsetting fee was paid
    previously. Identify the previous filing by registration statement number,
    or the Form or Schedule and the date of its filing.
    1) Amount Previously Paid:__________________________________________________
    2) Form, Schedule or Registration Statement No.:____________________________
    3) Filing Party:
    4) Date Filed:_______________________________________________

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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
June 11, 2007.


PRESS RELEASE
- -------------------------------------------------------------------------------

            HARBINGER CAPITAL PARTNERS FILES LAWSUIT AGAINST RYERSON
                            TO COMPEL ANNUAL MEETING
- -------------------------------------------------------------------------------

NEW YORK, JUNE 11, 2007 --  Harbinger  Capital Partners Master Fund I, Ltd. and
Harbinger   Capital   Partners  Special   Situations   Fund,  L.P.   (together,
"Harbinger")  today  announced that they have filed a lawsuit in Delaware,  the
state in which Ryerson Inc. (NYSE:  RYI) is  incorporated,  requesting that the
Delaware   Chancery   Court  compel  Ryerson  to  hold  an  annual  meeting  of
stockholders no later than 45 days from the entry of the Court's order.

Under  Delaware law, any  stockholder  may petition the Court to compel that an
annual  meeting of  stockholders  be  conducted  if a company  fails to hold an
annual  meeting or take  action by written  consent  to elect  directors  for a
period of 13 months after its last annual meeting.  Harbinger is the beneficial
holder of approximately 9.7 percent of Ryerson's  outstanding  shares.  Ryerson
has  not  held an  annual  meeting  of  stockholders  since  May 9,  2006,  and
accordingly, has failed to meet its obligation under Delaware law.

As  previously  announced,  Harbinger  seeks 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  stockholders.  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.

As laid out in the Harbinger  complaint,  after  cancelling  its annual meeting
previously  scheduled  for May 11, 2007,  Ryerson has refused to set a new date
for its annual meeting. Ryerson's failure to reschedule the 2007 meeting denies
the Company's stockholders their most fundamental right - the right to vote for
their directors and to exercise control over the Company,  which is mandated by
law and the cornerstone of corporate democracy.

Larry Clark, Managing Director of Harbinger Capital Partners,  said: "Ryerson's
actions speak volumes about their  opinion of  stockholder  rights.  Instead of
empowering and creating value for stockholders,  Ryerson's  current  management
and Board of Directors have ignored stockholders and delayed due process."

Clark added, "We truly believe in the value and potential of Ryerson's business
but we do not believe that Ryerson's  Board and  management  team are the right
stewards  for this  company.  Our goal  with  today's  legal  action is to give
stockholders an opportunity to be heard at the earliest  possible date and vote
for directors with the experience necessary to drive performance."


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ABOUT HARBINGER CAPITAL PARTNERS
The Harbinger Capital Partners investment team located in New York City manages
in excess of $8  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  medium to  long-term  equity  investments  with a
primarily long bias, with  flexibility to use other  investment  strategies and
types of securities when attractive opportunities arise.

Investor contact:
Harbert Management Corporation - John McCullough - 205-987-5576

Media contact:
Sard Verbinnen & Co - Dan Gagnier or Shannon Provost - 212-687-8080

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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