Employee Benefits

9 Months Ended

Sep. 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 nine-month periods ended September 30, 2011 and 2010 for the Ryerson pension plans and postretirement benefits other than pension:

	Three Months Ended September 30,
	Pension Benefits						Other Benefits
	2011			2010			2011			2010
	(In millions)
Components of net periodic benefit cost
Service cost	$	1		$	—		$	—		$	—
Interest cost		11			10			3			3
Expected return on assets		(12	)		(11	)		—			—
Recognized actuarial net (gain) loss		2			2			(2	)		(1	)
Net periodic benefit cost	$	2		$	1		$	1		$	2
	Nine Months Ended September 30,
	Pension Benefits						Other Benefits
	2011			2010			2011			2010
	(In millions)
Components of net periodic benefit cost
Service cost	$	2		$	2		$	1		$	1
Interest cost		32			32			7			7
Expected return on assets		(35	)		(35	)		—			—
Recognized actuarial net (gain) loss		5			5			(4	)		(3	)
Net periodic benefit cost	$	4		$	4		$	4		$	5

Contributions

The Company has contributed $34.3 million to the pension plan fund through the nine months ended September 30, 2011 and anticipates that it will have a minimum required pension contribution funding of approximately $9.7 million for the remaining three months of 2011.