Olympic Steel
Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products. Headquartered in Cleveland, Ohio, Olympic Steel operates from 34 facilities in North America.
Latest News
Tenova I2S to Supply Temper Mill for Olympic Steel’s new Gary Plant
20 December 2010 - Tenova I2S will supply to supply a Four-High Temper Mill at Olympic Steel’s planned new site at U.S. Steel’s Gary Works plant in Gary, Ind.
Olympic Steel Orders Temper Mill, Cut-to-Length Line for Gary Site
10 November 2010 - Olympic Steel, Inc. has signed agreements to purchase a new temper mill and cut-to-length line; the company plans to locate it on U.S. Steel’s Gary Works facility in Gary, Ind. The temper mill equipment is expected to be operational in the first half of 2012.
Olympic Steel Completes 7th Annual Partnership with Make-A-Wish
21 September 2010 - Olympic Steel, Inc. announced record results for its seventh annual partnership with the Make-A-Wish Foundation®. The company’s month-long campaign concluded with total contributions of $56,830, exceeding its previous record by more than $10,000.
Olympic Steel to Add Service Center in Kentucky
27 August 2010 - Olympic Steel has purchased a service center facility in Mount Sterling, Ky., that it will use to perform plate burning, machining, forming, and shot blasting.
Olympic Steel Recognized for Workplace Safety and Health Excellence
19 August 2010 - Olympic Steel has received an award from the Michigan Occupational Safety and Health Administration in recognition of the exemplary safety and health management program at its Detroit, Mich., facility.
Olympic Steel Elects New Board Member
05 August 2010 - Olympic Steel, Inc.’s Board of Directors has elected the Honorable Dirk A. Kempthorne as a Director, effective immediately. Governor Kempthorne will also serve on the Nominating Committee of the Board.
Olympic Steel Completes New Credit Facility
12 July 2010 - Olympic Steel, Inc. completed a new $125 million five-year asset based credit facility on June 30. The new ABL facility, which replaces the company’s existing $130 million credit facility that was due to expire in December 2011, has a maturity date of June 30, 2015.
Olympic Steel Bestows Humanitarian Award
22 June 2010 - Olympic Steel, Inc. has chosen Eva Miranda as the 2010 recipient of the Chairman's Humanitarian Award. She was recognized for using her language skills to broaden the reach of local philanthropic initiatives.
Olympic Steel Recognized for Safety Excellence
24 May 2010 - Olympic Steel, Inc. has been recognized for its adherence to excellence in safety by the Fabricators & Manufacturers Associations, International. Its facilities in Cleveland, Chicago, and Detroit received Safety Awards of Honor for perfect safety records with no recordable injuries or illnesses for the reporting period.
Olympic Steel Reports 3rd Quarter Results
30 October 2009 - Olympic Steel announces net income of $671,000 on net sales of $121.6 million for the third quarter and a net loss of $58.6 million on net sales of $384.9 million for the nine months ended September 30, 2009.
Olympic Steel Reports 2nd Quarter 2009 Results
31 July 2009 - Olympic Steel reports a net loss of $33.8 million on net sales of $122.4 million for the second quarter and a net loss of $59.3 million on net sales of $263.3 million for the six months ended June 30, 2009.
Olympic Steel Announces Scholarship Recipients
19 June 2009 - Olympic Steel announces the recipients of the Sol Siegal Scholarship Program, which awards up to ten new $1500 renewable scholarships per year to children and dependents of company employees.
Olympic Steel Announces Recipient of Chairman’s Humanitarian Award
03 June 2009 - Olympic Steel announces Luther Newbill as the 2009 recipient of the Chairman’s Humanitarian Award, in recognition of his extraordinary community support through foster parenting and support of a local children’s charity.
Olympic Steel Reports First Quarter 2009 Results
30 April 2009 - Olympic Steel reports a net loss of $25.5 million on net sales of $140.9 million for the first quarter ended March 31, 2009.
Olympic Steel Reports First Quarter 2009 Results
30 April 2009 - Olympic Steel reports a net loss of $25.5 million on net sales of $140.9 million for the first quarter ended March 31, 2009.
Olympic Steel Cuts 2009 Operating Expenses by $65 Million
07 April 2009 - Olympic Steel deploys a series of cost-cutting measures which will help it reduce annual operating expenses by about $65 million, including headcount reductions, reduced work hours, and base pay reductions.
Olympic Steel Cuts 2009 Operating Expenses by $65 Million
07 April 2009 - Olympic Steel deploys a series of cost-cutting measures which will help it reduce annual operating expenses by about $65 million, including headcount reductions, reduced work hours, and base pay reductions.
Olympic Steel Reports 4th Quarter, Full-Year 2008 Results
13 February 2009 - Olympic Steel reports net income of $0.8 million on net sales of $253.6 million for the fourth quarter and record net income of $67.7 million on record net sales of $1.23 billion for the year ended December 31, 2008.
Olympic Steel Reports 4th Quarter, Full-Year 2008 Results
13 February 2009 - Olympic Steel reports net income of $0.8 million on net sales of $253.6 million for the fourth quarter and record net income of $67.7 million on record net sales of $1.23 billion for the year ended December 31, 2008.
Olympic Steel Announces Additions to Senior Management Team
04 February 2009 - Olympic Steel announces the appointment of Andrew S. Greiff as Vice President of Specialty Metals, and the promotion of Steven L. Larson to Director of Operations and Facilities,
