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History

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.

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 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.

Timeline

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 (Streetsboro, OH)

2011

ACQUISITION: Chicago Tube & Iron (Romeoville, IL)

EXPANSION:

Mt Sterling, KY, Monterrey, MX, and

Gary, IN, 3rd temper mill commissioned 

2012

EXPANSION:

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

2023

ACQUISITION:

Metal-Fab
(Wichita, KS) and

Central Tube & Bar

(Conway, AR)

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