This document is a financial analysis and recommendation report on Ryerson Holding Corp. (RYI), highlighting its market position, recent operating performance, and investment recommendation. The report discusses RYI's profitability challenges due to deflationary chrome and nickel costs, but notes a positive outlook due to rising stainless steel prices and reduced steel imports into the U.S. The recommendation is to buy RYI's 11.0% senior secured notes due 2022, with a focus on deleveraging and refinancing. Risks include raw material inflation, foreign steel imports, and potential economic downturns.
doj/DataSet10/EFTA01385454.pdf
{"title":"Ryerson Holding Corp. (RYI): Strengthening End Markets, Higher Metals Prices, Solid Current Yield: BUY","key_people":["Ryerson Holding Corporation"],"document_date":"2018-01-03","document_type":"financial","key_locations":["North America","China","U.S."],"key_organizations":["Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0086739","SDNY_GM_00232923","EFTA01385454"]}