Ryerson to Sell Joint Venture Stake in India

Ryerson Inc. has reached an agreement with Tata Steel Ltd. to sell its 50 percent equity interest in Tata Ryerson Ltd. Founded in 1997 as a 50:50 joint venture between Tata Steel and Ryerson, Tata Ryerson has grown to become one of India's leading steel service centers. The transaction, subject to clearances, is expected to be completed in July 2009. Ryerson is a leading distributor and processor of metals in North America and China.