8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported) October 4, 2006

RYERSON INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

1-9117	36-3425828
(Commission File Number)	(I.R.S. Employer Identification No.)

2621 West 15th Place, Chicago, Illinois 60608

(Address Of Principal Executive Offices, including Zip Code)

(773) 762-2121

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, If Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)

Item 8.01 Other Events

On October 4, 2006, Ryerson Inc. issued a press release announcing the acquisition of Lancaster Steel Service Company, Inc. The press release attached hereto as an exhibit is incorporated by reference in answer to this Item 8.01.

Item 9.01 Financial Statements and Exhibits

(a) None

(b) None

(c) None

(d) Exhibit – The Exhibit index included herewith is incorporated herein by reference

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	RYERSON INC.
Dated: October 5, 2006		/s/ Lily L May
	By:	Lily L. May
	Its:	Vice President, Controller and Chief Accounting Officer

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release, dated October 4, 2006

EX-99.1

EXHIBIT 99.1

RYERSON ACQUIRES LANCASTER STEEL

Chicago, Illinois – October 4, 2006 – Ryerson Inc. (NYSE: RYI) announced that its wholly owned subsidiary, Joseph T. Ryerson & Son, Inc. has acquired Lancaster Steel Service Company, Inc., a metals service center company based in upstate New York. Lancaster was founded in 1963 and operates from facilities in Lancaster and Liverpool. Lancaster Steel distributes carbon flat rolled, plate, bars, tubing and structural steel and possesses broad processing capabilities, including precision blanking, leveling, slitting, plasma and oxy-fuel cutting, as well as shearing and sawing.

Ryerson has had a long-term commitment to the western and central New York market since first establishing operations in Buffalo in 1919. Lancaster Steel’s operations are complementary to our existing capabilities and will allow the combined company to pursue cross-selling opportunities while continuing to serve the existing customer base of Ryerson and Lancaster. Lancaster will be renamed Ryerson Lancaster and all of Lancaster’s employees are expected to join Ryerson. Financial terms of the deal will not be disclosed.

Ryerson Inc. is North America’s leading distributor and processor of metals, with 2005 revenues of $5.8 billion. The company services customers through a network of service centers across the United States and in Canada, Mexico, and India. On January 1, 2006, the company changed its name from Ryerson Tull, Inc. to Ryerson Inc. and adopted the ticker symbol “RYI” for its common stock listed on the New York Stock Exchange.