Olympic Steel Earns International Automotive Quality Recognition Certification IATF 16949:2016


July 18, 2018 06:50 AM Eastern Time
Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced that it has been awarded an IATF 16949 management system certificate for manufacturing flat rolled steel, stainless and aluminum, including slitting, cut to length, and configured blanks.

IATF 16949, was developed by the International Automotive Task Force (IATF) and the Japan Automobile Manufacturers Association (JAMA), in conjunction with the international standards community. IATF 16949:2016 is an international management system automotive “sector-specific” technical specification based on ISO 9001:2015 and several other international automotive requirements. The certification was granted to Olympic Steel’s facility in Detroit, Michigan by SRI Quality System Registrar.

Olympic Steel’s Executive Vice President and Chief Operating Officer Andrew Greiff said, “We are proud of this recognition, which reflects our long-term expertise in partnering with metal consumers. Automotive manufacturers can improve their supply chains and optimize component outsourcing with Olympic Steel. Our commitment to providing consistently high-quality products made from automotive aluminum, stainless steel and carbon steel is also advancing the industry’s transition to lighter weight vehicles.”

“SRI is pleased to acknowledge that Olympic Steel has demonstrated effective implementation of a management system that satisfies the tough auto standard: IATF 16949,” stated Edward L. Maschmeier, Associate Vice President, Certification. “Their certification shows automotive customers worldwide that Olympic Steel is recognized as a long-term supplier of quality goods and services.”

About Olympic Steel

Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum and tin products. The Company’s CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricates pressure parts for the electric utility industry. Headquartered in Cleveland, Ohio, Olympic Steel operates from 31 facilities in North America.

About SRI Quality System Registrar

SRI Quality System Registrar is an internationally accredited registrar for management systems standards, such as ISO 9001, AS9100, IATF 16949, OHSAS 18001, ISO 13485, ISO 20000-1, ISO 27001, ISO/FSSC 22000 and environmental management systems standards such as ISO 14001, RC14001, and RCMS. SRI also provides public training for auditing, implementing, and maintaining these standards.

For additional information, please visit Olympic Steel’s website at www.olysteel.com or http://ir.olysteel.com/Contact_Us?BzID=2195

View source version on businesswire.com:

Olympic Steel Investor Relations
Matthew J. Dennis, CFA, 216-672-0522
SRI Quality Systems Registrar
Jennifer Tomaro, 724-943-9000 ext. 660

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