Michael D. Siegal

Money Moves

As of May 2026: Leads 11-member board of combined company

In less than five months, three mergers have redrawn the map of North American steel distribution. On February 13, 2026, Ryerson and Olympic Steel completed their combination to become the second-largest metals service center in North America. Weeks earlier, Russel Metals closed its acquisition of seven Klöckner service centers, and Worthington Steel announced a $2.4 billion deal to acquire Klöckner & Co—which would also claim the number-two spot if completed.

Updated May 29