Olympic Steel, Inc.
Olympic Steel, Inc.

Olympic Steel, Inc.

Olympic Steel, Inc. High Paying Jobs, Compensation Information and Expert Network Connections

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Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machining, and welding. Its Chicago Tube & Iron subsidiary is a distributor of steel tubing, pipe, bar, valves & fittings, and fabricates pressure parts.

Olympic Steel was founded in 1954 by brothers Sol and Morris Siegal and Sam Sigel. Initially, it was a metals trading company and owned no facilities.

In 1956, it opened an 11,000-square-foot facility in Bedford Heights, Ohio. By 1966, the facility had grown to 35,000 square feet. The company offered multiple flat-rolled steel products, including coil and plate products.

In 1975, Michael Siegal, son of Sol Siegal, joined the company. The next year, the facility was again expanded to 56,000 square feet. By 1985, the company had founded a Southern sales office in Georgia and another office in Pennsylvania. Michael Siegal bought out his father's share of the company in 1984 and David Wolfort joined the team as the company's first General Manager.


Market Cap$360.1 million
Revenue$1.2 billion
5 Year Trendarrow trend up+1%
Net Income-$5.5 million
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