KeyBanc Initiates Coverage on Ryerson Holding (RYZ) Following Olympic Steel Merger

Ryerson Holding Corporation (NYSE:RYZ) earns a place on our list of the 8 best nickel stocks to buy according to analysts.KeyBanc Initiates Coverage on Ryerson Holding (RYZ) Following Olympic Steel Merger

On March 27, 2026, KeyBanc began covering Ryerson Holding Corporation (NYSE:RYZ) with a “Sector Weight” rating, which follows the company’s announced merger with Olympic Steel.

With Olympic Steel stockholders holding roughly 37% of the combined company, which now has a market valuation of $1.09 billion, the launch fueled cautious optimism. Although it refrained from taking a more aggressive approach, KeyBanc maintained its 2026 LIFO EBITDA estimate of $256 million and its 2027 estimate of $320 million, indicating that it anticipates improvements in earnings.

Following a LIFO EBITDA loss of $2 million in Q4 2025, for the first quarter of 2026, management guided sales of $1.52 billion and EBITDA (excluding LIFO) of $58 million at the midpoint. While same-store volumes are projected to increase by 13% to 15%, Ryerson Holding Corporation (NYSE:RYZ) expects pricing and mix for Q1 2026 to be flat up to 2% quarter over quarter.

Ryerson Holding Corporation (NYSE:RYZ) is a distributor of industrial metals with facilities in the US, Canada, and Mexico. It also offers a metals service center and value-added processor. Apart from its activities in North America. It is among the best nickel stockssince the company also offers a limited selection of nickel and red metals in a variety of shapes and forms, in addition to a full line of products made of carbon steel, alloy steel, stainless steel, and aluminum.

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