Olympic Steel

Olympic Steel, Inc. is a steel processor with major production operations in the United States. The company has seventeen facilities throughout the eastern-half of the United States. It became a public company following an IPO in 1994. Olympic sells, processes, stores and trades flat-rolled steel in the United States and other countries.

Business Profile

Olympic Steel, Inc. engages in the processing and distribution of processed carbon, coated and stainless flat-rolled sheet, and coil and plate steel products in the United States. Its services include cutting-to-length, slitting, and shearing. It also offers value-added processes such as blanking, tempering, plate burning, precision machining, welding, and fabricating and painting to process steel to specified lengths, widths, and shapes.

The company serves manufacturers and fabricators needing flat-rolled steel products. It operates as an intermediary between steel mills and steel consumers that require processed steel for their operations. These consumers include manufacturers of OEM products, heavy equipment and automobile manufacturers. Olympic also offers Toll Processing at some of its facilities. Toll Processing is essentially an outsourcing function: the steel owner does not have the machinery to process the steel, so it hands that steel over to a processor with specific instructions on how to cut, burn or otherwise process the steel.