XML 36 R28.htm IDEA: XBRL DOCUMENT
v3.25.2

Derivatives and Fair Value Measurements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Location and Fair Value Amount of Derivative Instruments | The following table summarizes the location and fair value amount of our derivative instruments reported in our Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024. As of June 30, 2025 and December 31, 2024, all derivative instruments held by the Company were subject to master netting arrangements with various financial institutions. The Company’s accounting policy is to not offset these positions in its Condensed Consolidated Balance Sheets. The gross derivative assets and liabilities presented in the Condensed Consolidated Balance Sheets offset to a net asset of $3.9 million and zero as of June 30, 2025 and December 31, 2024, respectively.
|  | Asset Derivatives |  |  | Liability Derivatives |
|  | Balance Sheet Location |  | June 30, 2025 |  |  | December 31, 2024 |  |  | Balance Sheet Location |  | June 30, 2025 |  |  | December 31, 2024 |
Derivatives not designated as hedging instruments under ASC 815 |  | (In millions) |
Metal commodity contracts |  | Prepaid expenses and other current assets |  | $ | 4.7 |  |  | $ | 1.8 |  |  | Other accrued liabilities |  | $ | 0.9 |  |  | $ | 2.0 |
Energy commodity contracts |  | Prepaid expenses and other current assets |  |  | 0.2 |  |  |  | 0.1 |  |  | Other accrued liabilities |  |  | — |  |  |  | — |
Foreign currency exchange contracts |  | Prepaid expenses and other current assets |  |  | — |  |  |  | 0.1 |  |  | Other accrued liabilities |  |  | 0.1 |  |  |  | — |
Total derivatives |  |  |  | $ | 4.9 |  |  | $ | 2.0 |  |  |  |  | $ | 1.0 |  |  | $ | 2.0 |
Volume of Company 's Activity in Derivative Instruments | The following table presents the volume of the Company’s activity in derivative instruments as of June 30, 2025 and December 31, 2024:
|  | Notional Amount |  |  |
Derivative Instruments |  | June 30, 2025 |  |  | December 31, 2024 |  |  | Unit of Measurement
Hot roll coil swap contracts |  |  | 17,204 |  |  |  | 31,658 |  |  | Tons
Aluminum swap contracts |  |  | 8,233 |  |  |  | 15,711 |  |  | Tons
Nickel swap contracts |  |  | 389 |  |  |  | 298 |  |  | Tons
Copper swap contracts |  |  | 2,274 |  |  |  | 1,319 |  |  | Tons
Natural gas swap contracts |  |  | 215,080 |  |  |  | 283,000 |  |  | Gallons
Diesel fuel swap contracts |  |  | 1,916,000 |  |  |  | 1,176,000 |  |  | Gallons
Foreign currency exchange contracts |  | 3.4 million |  |  | 1.6 million |  |  | U.S. dollars
Location and Amount of Gains and Losses on Derivatives Not Designated as Hedging Instruments Reported in Condensed Consolidated Statements of Comprehensive Income | The following table summarizes the location and amount of gains and losses on derivatives not designated as hedging instruments reported in our Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2025 and 2024:
|  |  |  | Amount of Gain/(Loss) Recognized in Income on Derivatives |
Derivatives not designated as hedging instruments under ASC 815 |  | Location of Gain/(Loss) Recognized in Income on Derivatives |  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  |  |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Metal commodity contracts |  | Cost of materials sold |  | $ | 1.0 |  |  | $ | 5.3 |  |  | $ | 7.1 |  |  | $ | 4.4 |
Energy commodity contracts |  | Warehousing, delivery, selling, general, and administrative |  |  | (0.2 | ) |  |  | — |  |  |  | — |  |  |  | — |
Foreign exchange contracts |  | Other income and (expense), net |  |  | — |  |  |  | — |  |  |  | (0.1 | ) |  |  | 0.1 |
Total |  |  |  | $ | 0.8 |  |  | $ | 5.3 |  |  | $ | 7.0 |  |  | $ | 4.5 |

X
- Definition Schedule of derivative instrument volume of activity. + References No definition available. + Details
Name: | ryi_ScheduleOfDerivativeInstrumentsVolumeOfActivityTableTextBlock
Namespace Prefix: | ryi_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration