Olympic Steel was founded in 1954 by Sol Siegal and Sam Sigel. Our business was originally 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 and pipe and tube.
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 organic growth with existing customers. Customers that know and trust us for service, quality, and comprehensive solutions.
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 one of our founders, 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.
1914
FOUNDED:
Chicago Tube & Iron (Chicago, IL)
1954
FOUNDED:
Olympic Steel
(Cleveland, OH)
1956
EXPANSION:
First Warehouse
Bedford Heights, OH
1983
EXPANSION:
Southeastern Sales Office Georgia
1984
Michael Siegal is named CEO
1985
EXPANSION:
Philadelphia Sales Office
1987
ACQUISITION:
Viking Steel Company (Chicago, IL)
1990
ACQUISITION:
Juster Steel (Minneapolis, MN) and Eastern Steel & Metal (Milford, CT)
1994
Initial Public Stock Offering Nasdaq: ZEUS
1995
ACQUISITION:
Lafayette Steel (Detroit, MI)
EXPANSION:
Cleveland, OH and Minneapolis, MN
1996
Secondary Public Stock Offering
1997
ACQUISITION:
Southeastern Metal Processing (Winder, GA)
EXPANSION:
Bettendorf, IA
1998
ACQUISITION:
JNT Precision Machining (Chambersburg, PA)
EXPANSION:
Chambersburg, PA
2006
EXPANSION:
Chambersburg, PA
2007
Company exceeds $1B in sales
2009
EXPANSION:
Chambersburg, PA and Dover, OH
2010
ACQUISITION:
Integrity Stainless (Solon, OH)
2011
ACQUISITION:
Chicago Tube & Iron (Romeoville, IL)
EXPANSION:
Mt Sterling, KY, Monterrey, MX, and
Gary, IN, 3rd temper mill commissioned
2012
RELOCATION/
EXPANSION:
Integrity Stainless
Streetsboro, OH
2013
EXPANSION:
Latrobe, PA and St. Paul, MN
2014
Stainless market share exceeds 5% of U.S. market
2015
EXPANSION:
Winder, GA Stretch Leveling CTL
2018
ACQUISITION:
Berlin Metals (Hammond, IN)
EXPANSION:
Schaumburg facility installs stainless cut-to-length line
Company exceeds $1.7B in sales
2019
Rick Marabito is named CEO
ACQUISITION:
McCullough Industries (Kenton, OH)
2020
ACQUISITION:
Action Stainless & Alloys (Houston, TX)
EXPANSION:
Southeast Region to include new facility in Buford, GA
2021
ACQUISITION:
Shaw Stainless & Alloy (Powder Springs, GA)
Company exceeds $2.3B in sales
2022
EXPANSION:
Winder, GA
2nd Stamping
Press added
EXPANSION:
CTI facility
Des Moines, IA
Record Sales
$2.6B
2023
ACQUISITION:
Metal-Fab
(Wichita, KS) and
Central Tube & Bar
(Conway, AR)
EXPANSION:
New Specialty
Metals fabrication
facility, Bartlett, IL
1992
EXPANSION:
Cleveland, OH
2024
ACQUISITION:
MetalWorks
(Oakwood, GA)
About
Locations
© 2024 All rights reserved | Olympic Steel