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 stocks since 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.

While we acknowledge the risk and potential of RYZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RYZ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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