History


Olympic Steel was founded in 1954 by Sol Siegal and Sam Siegel. Our business was focused on warehousing and distribution of steel from a single facility with no major processing equipment. Today, our enterprise has an enormously wider range, focused on growth, geographic and customer diversity and the value-added processing of flat-rolled metals.

Headquartered in Cleveland, Ohio, our company operates strategically positioned production facilities that effectively serve customers in most metal intensive industries. By being attentive to the principles of good business, we have succeeded in helping customers effectively compete in today’s marketplace. In fact, a significant portion of Olympic Steel’s business comes from established customers. Customers that know and trust us for service, quality and comprehensive solutions.

Sol Siegal - Founder of Olympic Steel

Sol Siegal
1924 – 2013

While our company has grown and evolved significantly, one thing hasn’t changed. Olympic Steel has stayed true to our founders’ original vision of developing long-lasting relationships with our employees, our suppliers and our customers.

On May 23, 2013, we mourned the passing of our founder, Sol Siegal. Olympic Steel will continue to honor Mr. Siegal as a visionary leader and dedicated philanthropist by maintaining and expanding upon the high standards of business excellence and social responsibility that he embodied throughout his life.

Timeline


  • 1954

    Founded:

    Olympic Steel
    Cleveland, OH

  • 1956

    Expansion:

    First Warehouse
    Bedford Heights, OH

  • 1983

    Expansion:

    Southeastern Sales Office
    Georgia

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  • 1984

    Michael Siegal is named president

  • 1985

    Expansion:

    Philadelphia Sales Office

  • 1987

    Acquisition:

    Viking Steel Company
    Chicago, IL

  • 1990

    Acquisitions:

    Juster Steel
    Minneapolis, MN
    and Eastern Steel & Metal
    Milford, CT

  • 1992

    Expansion:

    Cleveland, OH

  • 1994

    Initial Public Stock Offering
    Nasdaq: ZEUS

  • 1995

    Expansion:

    Minneapolis, MN

    Acquisition:

    Lafayette Steel
    Detroit, MI

  • 1996

    Secondary Public Stock Offering

  • 1997

    Expansion:

    Bettendorf, IA

    Acquisition:

    Southeastern Metal Processing
    Atlanta, GA

  • 1998

    Expansion:

    Chambersburg, PA

    Acquisition:

    JNT Precision Machining
    Chambersburg, PA

  • 2006

    Expansion:

    Chambersburg, PA

    Acquisition:

    PS&W
    Siler City, NC

  • 2007

    Achieve $1B in Sales

  • 2009

    Expansions:

    Chambersburg, PA and Dover, OH

  • 2010

    Acquisition:

    Integrity Stainless
    Streetsboro, OH

  • 2011

    Expansions

    Gary, IN, Mount Sterling, KY, and Monterrey Mexico
    Third Temper Mill Commissioned

  • 2012

    Expansions:

    Streetsboro, OH

  • 2013

    Expansions:

    Latrobe, PA and St. Paul, MN

  • 2014

    Market share of stainless steel eclipses 5% of U.S. market
    Consolidated revenue surpasses $1.4B and sets a new company record

  • 2015

    Expansion:

    Atlanta, GA Butech Stretch Leveling CTL

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