Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. it processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States.
Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machining, and welding.
Acquired in May 2011 for $156 million,[2] its subsidiary Chicago Tube & Iron is a distributor of steel tubing, pipe, bar, valves & fittings, and fabricates pressure parts.[1]
History
Founded in 1954 by brothers Sol and Morris Siegel and Sam Sigel, Olympic Steel was initially a metal trading company and owned no facilities. In 1956, it opened an 11000 sqft facility in Bedford Heights, Ohio.
When its facility had grown to 35000 sqft in 1966, the company offered multiple flat-rolled steel products, including coil and plate products. In 1976, a year after Sol's son Michael Siegal joined the firm, its facility expanded again to 56000 sqft.