Employee Benefits

6 Months Ended

Jun. 30, 2011

Employee Benefits

Employee Benefits

NOTE 7: EMPLOYEE BENEFITS

The following table summarizes the components of net periodic benefit cost for the three-month and six-month periods ended June 30, 2011 and 2010 for the Ryerson pension plans and postretirement benefits other than pension:

	Three Months Ended June 30,
	Pension Benefits						Other Benefits
	2011			2010			2011			2010
	(In millions)
Components of net periodic benefit cost
Service cost	$	—		$	1		$	1		$	—
Interest cost		10			11			2			2
Expected return on assets		(11	)		(12	)		—			—
Recognized actuarial net (gain) loss		2			1			(1	)		(1	)
Net periodic benefit cost	$	1		$	1		$	2		$	1
	Six Months Ended June 30,
	Pension Benefits						Other Benefits
	2011			2010			2011			2010
	(In millions)
Components of net periodic benefit cost
Service cost	$	1		$	2		$	1		$	1
Interest cost		21			22			4			4
Expected return on assets		(23	)		(24	)		—			—
Recognized actuarial net (gain) loss		3			3			(2	)		(2	)
Net periodic benefit cost	$	2		$	3		$	3		$	3

Contributions

The Company has contributed $17.8 million to the pension plan fund through the six months ended June 30, 2011 and anticipates that it will have a minimum required pension contribution funding of approximately $26 million for the remaining six months of 2011.