UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

Filed by the Registrant x                            Filed by a Party other than the Registrant ¨

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¨ 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 §240.14a-12

Ryerson Inc.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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On August 23, 2007, Ryerson Inc. issued the following press release.

Contacts:

Investors:

Terence R. Rogers

VP Finance and Treasurer

773.788.3720

Media:

Cindy Leggett-Flynn/Stan Neve

Brunswick Group

212.333.3810

Ryerson Confirms Re-Election of All 11 Incumbent Ryerson Directors

Chicago, IL, August 23, 2007 – Ryerson Inc. (NYSE: RYI) today announced that the preliminary voting analysis for its 2007 Annual Meeting of Stockholders show that all 11 Ryerson director nominees were re-elected to the Board by stockholders at the Annual Meeting.

“I would like to thank our stockholders for their continued support,” said Neil Novich, chief executive officer of Ryerson. “We now look forward to giving Ryerson’s stockholders the opportunity to vote on the Platinum Equity transaction for $34.50 per share at a special meeting that will be scheduled in the coming months. In the meantime, we will continue to focus on improving our business and implementing our strategic plan on behalf of our stockholders.”

In addition, Ryerson’s stockholders ratified the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2007; approved the Ryerson Annual Incentive Plan to qualify performance-based compensation as tax deductible by the Company; voted against a stockholder proposal regarding repeal of provisions of or amendments to the Company’s By-Laws (if any) adopted after January 1, 2006 and prior to the 2007 Annual Meeting, and voted against a stockholder proposal to amend the Company’s By-Laws to provide that the Company’s Board of Directors will consist of not fewer than six (6) nor more than ten (10) directors.

The final results of the stockholder vote are expected within two weeks.

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Ryerson

Ryerson Inc. is a leading distributor and processor of metals in North America, with 2006 revenues of $5.9 billion. The Company services customers through a network of service centers across the United States and in Canada, Mexico, India, and China.

Important Information

In connection with its proposed merger with an affiliate of Platinum Equity, LLC, Ryerson plans to file with the Securities and Exchange Commission (the “SEC”) a preliminary proxy statement and a definitive proxy statement. The definitive proxy statement will be mailed to stockholders of Ryerson. Stockholders of Ryerson are urged to read the proxy statement relating to the merger and other relevant materials when they become available because they will contain important information about the merger and Ryerson. Security holders may obtain a free copy of the proxy statement and any other relevant documents (when available) that Ryerson files with the SEC at the SEC’s web site at http://www.sec.gov. The definitive proxy statement and these other documents may be accessed at www.ryerson.com or obtained free from Ryerson by directing a request to Ryerson Inc., ATTN: Investor Relations, 2621 West 15th Place, Chicago, IL 60608.

Certain Information Regarding Participants

Ryerson, its directors and executive officers may be deemed to be participants in the solicitation of the Company’s security holders in connection with the proposed merger. Security holders may obtain information regarding the names, affiliations and interests of such individuals in the Company’s proxy statement in connection with its 2007 annual meeting of stockholders, which was filed with the SEC on July 31, 2007. To the extent holdings of the Company’s equity securities have changed since the amounts reflected in such proxy statement, such changes have been reflected on Statements of Change in Ownership on Form 4 filed with the SEC.