SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ROGERS TERENCE R

(Last)

(First)

(Middle)

RYERSON INC

2621 W. 15TH PLACE

(Street)

CHICAGO

60608

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
RYERSON INC. [ RYI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP-Finance and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
10/19/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/19/2007		M		55,000	A	⁽¹⁾	62,002	D
Common Stock	10/19/2007		F		32,474	D	$34.5	29,528	D
Common Stock	10/19/2007		D		29,528	D	$34.5	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	⁽²⁾	10/19/2007		D			491.7634	⁽²⁾	⁽²⁾	Common Stock	491.7634	⁽¹⁾	0	D
Stock Options (Right to Buy)	$8.875	10/19/2007		M			19,000	01/24/2004	01/23/2011	Common Stock	19,000	$0	0	D
Stock Options (Right to Buy)	$19.5625	10/19/2007		M			8,000	01/13/2003	01/12/2010	Common Stock	8,000	$0	0	D
Stock Options (Right to Buy)	$16.0313	10/19/2007		M			8,000	03/09/2002	03/08/2009	Common Stock	8,000	$0	0	D
Stock Options (Right to Buy)	$6.63	10/19/2007		M			20,000	01/22/2006	01/21/2013	Common Stock	20,000	$0	0	D

Explanation of Responses:

1. 19,000 shares at $8.875 per share, 8,000 shares at $19.5625 per share, 8,000 shares at $16.0313 per share and 20,000 shares at $6.63 per share.

2. Phantom stock units exempt under Section 16b-3(f) pursuant to the Ryerson Nonqualified Savings Plan. In connection with the Agreement and Plan of Merger, dated as of July 24, 2007, among Ryerson Inc., Rhombus Holding Corporation and Rhombus Merger Corporation, at the effective time of the merger, each phantom stock award was converted into the right to receive $34.50 per unit in a deferred cash account.

	/s/ Barbara E. Rohde as attorney-in-fact	08/03/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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