Schedule II -Valuation And Qualifying Accounts

12 Months Ended

Dec. 31, 2012

Schedule II -Valuation And Qualifying Accounts

RYERSON INC. AND SUBSIDIARY COMPANIES

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

For the Years Ended December 31, 2012, 2011 and 2010

(In millions)

	Balance at Beginning of Period		Acquisition of Business			Additions Charged (Credited) to Income			Additions Charged to Other Comprehensive Income		Deductions from Reserves			Balance at End of Period
Year ended December 31, 2012
Allowance for doubtful accounts	$	7.7	$	—		$	1.7		$	—	$	(2.3	) (A)	$	7.1
Valuation allowance – deferred tax assets		121.5		1.2	(B)		(41.0	)		13.5		—			95.2
Year ended December 31, 2011
Allowance for doubtful accounts	$	8.7	$	—		$	3.4		$	—	$	(4.4	) (A)	$	7.7
Valuation allowance – deferred tax assets		124.8		—			(30.1	)		26.8		—			121.5
Year ended December 31, 2010
Allowance for doubtful accounts	$	10.5	$	—		$	3.0		$	—	$	(4.8	) (A)	$	8.7
Valuation allowance – deferred tax assets		98.4		—			24.5			4.4		(2.5	) (C)		124.8

NOTES:

(A) Bad debts written off during the year

(B) Reserve of $1.2 million was acquired in acquisition of Açofran

(C) Change in net deferred tax assets for which a valuation allowance was fully provided