Olympic Steel Inc. (OYS)

Overview

Olympic Steel, Inc., founded in 1954 and headquartered in Bedford Heights, Ohio, is a prominent processor, distributor, and storage provider of metal products within the United States and internationally. The company operates through three main segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. These segments cater to a wide range of metal consuming industries including manufacturers and fabricators of various equipment and structures in sectors such as transportation, construction, mining, agriculture, environment and energy, automotive, food service, commercial appliances, electrical, and military. Olympic Steel, Inc. is well-known for its comprehensive metal processing services and its direct sales force that serves a broad customer base, including metal service centers and general to plate fabricators.

Products and Services

• Carbon Flat Products: This segment focuses on the sale and distribution of processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts. These materials are essential for industries engaged in construction and machinery manufacturing, offering them a variety of specifications to meet their structural and aesthetic needs.
• Specialty Metals Flat Products: This segment deals with processed aluminum and stainless flat-rolled sheets and coil products, flat bar products, and fabricated parts. It also includes the distribution of stainless steel and aluminum plates, sheets, angles, rounds, flat bars, tubing and pipe, and prime tin mill products. This range of specialty metals caters to high-performance industries requiring materials with specific properties such as high strength, corrosion resistance, or lightweight.
• Tubular and Pipe Products: The focus here is on the distribution of metal tubing products, pipes, bars, valves and fittings, and fabricated pressure parts. This segment supports industries that require piping and tubing solutions for frameworks, fluid transport, and structural applications.

In addition to a wide array of metal products, Olympic Steel, Inc. offers an extensive range of processing services. These include:

• Cutting-to-length, Slitting, Shearing, Roll Forming, Shape Correction, Surface Improvement, Blanking, and Tempering: These services provide customers with metal in the exact size, shape, and condition needed for their specific applications.
• Plate Burning, Stamping, Saw Cutting, Laser Cutting, Beveling, Threading, and Grooving Services: Advanced cutting and shaping techniques are utilized to meet precise manufacturing requirements.
• Additional Processing Services: Shot blasting, grinding, edging, and polishing services ensure metals meet aesthetic and dimensional specifications while bending, drilling, milling, tapping, boring, and sawing services allow for the creation of complex shapes and designs. Also offered are machining, welding, assembly, and painting of component parts, further supporting the production needs of a diverse client base.