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Debt (Tables)
12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Long-Term Debt

Long-term debt consisted of the following at December 31, 2021 and 2020:

 

 

 

At December 31,

 

 

 

2021

 

 

2020

 

 

 

(In millions)

 

Ryerson Credit Facility

 

$

316.0

 

 

$

285.0

 

8.50% Senior Secured Notes due 2028

 

 

300.0

 

 

 

450.0

 

Foreign debt

 

 

27.0

 

 

 

12.1

 

Other debt

 

 

6.0

 

 

 

7.8

 

Unamortized debt issuance costs and discounts

 

 

(9.7

)

 

 

(14.9

)

Total debt

 

 

639.3

 

 

 

740.0

 

Less:

 

 

 

 

 

 

 

 

Short-term foreign debt

 

 

27.0

 

 

 

12.1

 

Other short-term debt

 

 

1.8

 

 

 

1.7

 

Total long-term debt

 

$

610.5

 

 

$

726.2

 

Principal Payments on Debt

The principal payments required to be made on debt during the next five fiscal years are shown below:

 

 

 

Amount

 

 

 

(In millions)

 

For the year ended December 31, 2022

 

$

28.8

 

For the year ended December 31, 2023

 

 

1.8

 

For the year ended December 31, 2024

 

 

2.4

 

For the year ended December 31, 2025

 

 

316.0

 

For the year ended December 31, 2026

 

 

For the years ended thereafter

 

 

300.0