Employee Benefits

6 Months Ended

Jun. 30, 2012

Employee Benefits [Abstract]

EMPLOYEE BENEFITS

NOTE 7: EMPLOYEE BENEFITS

The following table summarizes the components of net periodic benefit cost for the three and six month periods ended June 30, 2012 and 2011 for the Ryerson pension plans and postretirement benefits other than pension:

	Three Months Ended June 30,
	Pension Benefits						Other Benefits
	2012			2011			2012			2011
	(In millions)
Components of net periodic benefit cost
Service cost	$	—		$	—		$	—		$	1
Interest cost		10			10			2			2
Expected return on assets		(11	)		(11	)		—			—
Recognized actuarial net (gain) loss		4			2			(2	)		(1	)
Net periodic benefit cost	$	3		$	1		$	—		$	2

	Six Months Ended June 30,
	Pension Benefits						Other Benefits
	2012			2011			2012			2011
	(In millions)
Components of net periodic benefit cost
Service cost	$	1		$	1		$	—		$	1
Interest cost		20			21			4			4
Expected return on assets		(22	)		(23	)		—			—
Recognized actuarial net (gain) loss		6			3			(4	)		(2	)
Net periodic benefit cost	$	5		$	2		$	—		$	3

Contributions

The Company has contributed $21.2 million to the pension plan fund through the six months ended June 30, 2012 and anticipates that it will have a minimum required pension contribution funding of approximately $30 million for the remaining six months of 2012.