Olympic Steel

What Olympic Steel does

Olympic Steel is a Cleveland, Ohio-based metals service center founded in 1954 that distributes and value-adds-processes carbon steel, coated steel, stainless steel, aluminum, and specialty metals through 53 strategically located sales and warehouse facilities across North America and one division in Monterrey, Mexico. The company operates more than 4.5 million square feet of manufacturing footprint with temper mills in Cleveland, Bettendorf, Gary, and Minneapolis, and provides processing services including temper passing, laser and plasma burning, CNC machining, brake press forming, plate rolling, welding, slitting, cut-to-length, stretcher leveling, and painting. Multiple subsidiaries (Chicago Tube & Iron, Integrity Stainless, Action Stainless, Shaw Stainless, Berlin Metals, Central Tube & Bar, Metal-Fab, MetalWorks, McCullough Industries) extend capabilities into tubular products, specialty stainless, venting/filtration, and fabricated components. Olympic Steel's go-to-market is direct enterprise field sales selling to major OEMs in automotive, construction, and agriculture, plus regional service centers and metals end users; pricing is quote-based and transaction-specific, with revenue driven by tons shipped and average selling prices. The company also manufactures higher-margin, counter-cyclical Wright brand end products including self-dumping hoppers, water treatment systems, bollards, and venting systems.

On February 13, 2026, Olympic Steel completed an all-stock merger with Ryerson Holding Corporation, creating North America's second-largest metals service center with approximately $6.5 billion in combined revenue, 160 facilities, 6,000+ employees, and 2.9 million tons of annual processing capacity. Olympic Steel shareholders received 1.7105 Ryerson shares per share and hold approximately 37% of the combined entity, which trades as RYZ on NYSE; the merger targets approximately $120 million in annual run-rate synergies by early 2028.

Name

Olympic Steel

Legal name

Olympic Steel, Inc.

Website

https://olysteel.com

Company type

Public

Founded year

1954

Operating status

Acquired

Headcount range

1,001–5,000 employees

Short description

Olympic Steel is a Cleveland-based metals service center founded in 1954 that distributes and value-adds-processes carbon, stainless, and aluminum flat-rolled products across 53 North American facilities, serving major automotive, construction, and agricultural OEMs through direct enterprise field sales.

Ownership category

akta.pro rank

Product category

Metals Service Center

NAICS

Steel Product Manufacturing from Purchased Steel (3312), Rolling and Drawing of Purchased Steel (33122), Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (33121)

SIC

Sheet Metal Work (3444)

akta.pro primary industry

Steel Service Centers & Processing (Slitting, Cut-to-Length, Blanking, Leveling) (IMAKABAL)

akta.pro secondary industries

Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar) (IMAKAJAB), Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ), Steel Plate, Sections & Welded Assemblies (IMADACAD)

Keywords

• Metals distribution services
• Steel service center
• Flat-rolled metals processing
• Value-added metal processing
• Specialty metals supply

Headquarters

HQ city

Bedford

HQ country

United States

HQ region

North America

Offices17 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Metals Distribution and Processing: Olympic Steel generates revenue through the direct sale and value-added processing of carbon and coated sheet, plate and coil steel products; stainless steel sheet, plate, bar and coil; aluminum sheet, plate and coil; and pipe, tube, bar, valves and fittings. Revenue is transaction-based, driven by tons shipped and average selling prices. The company also manufactures metal-intensive end-use products including water treatment systems, stainless steel bollards, venting and air filtration systems, Wright brand self-dumping hoppers, and metal canopy components.
2. Manufactured Metal Products: Revenue from manufactured products including Wright brand self-dumping hoppers, water treatment systems, stainless steel bollards, commercial/residential/industrial venting and air filtration systems, and metal canopy components. These higher-margin, counter-cyclical products provide more stable performance through market cycles.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Olympic Steel is a leading North American metals service center that distributes and value-adds processes carbon and coated sheet, plate and coil steel products, stainless steel sheet, plate, bar and coil, aluminum sheet, plate and coil, and pipe, tube, bar, valves and fittings. From 53 strategically located facilities with more than 4.5 million square feet of manufacturing footprint, the company supplies processed flat-rolled metals, manufactured metal-intensive end-use products (Wright brand self-dumping hoppers, water treatment systems, stainless steel bollards, venting/air filtration systems, metal canopy components), and a comprehensive suite of in-house processing services including temper passing, burning, cutting, forming, machining, welding, painting, slitting, and finishing to OEMs and metal end users.

Differentiator

Problem solved

Functional benefit

Brands

• Wright Brand Self-Dumping Hoppers: Metal-intensive end-use products including water treatment systems, stainless steel bollards, commercial, residential and industrial venting and air filtration systems, and metal canopy components
• Sol Siegal Scholarship Program
• Working for Wishes

Products and services

• Hot Rolled Carbon Steel

Quantifiable outcome

• Record sales of $2.6 billion in 2022
• +2 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Ryerson Holding CorporationcoreStrategic or Co-development Partner · 28 October 2025Olympic Steel merged with Ryerson Holding Corporation on February 13, 2026, creating North America's second-largest metals service center. Under the all-stock transaction, Olympic Steel shareholders received 1.7105 shares of Ryerson common stock per share and own approximately 37% of the combined entity. The merger is expected to generate approximately $120 million in annual synergies by early 2028. Olympic Steel's former CEO Richard Marabito serves as President and COO of the combined company.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Worthington Steel: Spun off from Worthington Industries in 2023 as a pure-play steel processor with overlapping processing services (slitting, cut-to-length, blanking) and OEM customer base in automotive and construction. Direct competitor in flat-rolled processing.
• Heidtman Steel Products: Privately-held flat-rolled steel service center with comparable processing capabilities and automotive/industrial OEM customers. Closely comparable in scale and business model.
• Kloeckner Metals: North American operations of the German-based metals service center group with comparable flat-rolled and stainless processing capabilities. Competes directly for OEM and service-center customers in overlapping geographies.
• Reliance Steel & Aluminum: North America's largest metals service center operator with comparable product portfolio (carbon, stainless, aluminum) and similar value-added processing capabilities. Most direct publicly-traded peer and benchmark for the combined Ryerson-Olympic entity.
• Steel Technologies: Flat-rolled steel processor majority-owned by Nucor, with processing services and customer base closely aligned with Olympic Steel. Direct competitor in carbon flat-rolled processing for OEM customers.
• Earle M. Jorgensen (EMJ): Specialty metals service center focused on bar, tube, plate, and sheet products serving aerospace, industrial, and energy markets. Comparable to Olympic Steel's specialty metals subsidiaries (Action Stainless, Shaw Stainless, Integrity Stainless).
• Marmon/Keystone Group: Specialty steel pipe, tube, and bar service center competing directly with Olympic Steel's Chicago Tube & Iron subsidiary. Strong overlap in tubular products distribution and processing.
• Ryerson Holding Corporation: Former direct competitor that merged with Olympic Steel on Feb 13, 2026. Combined entity is now North America's second-largest metals service center; was the most direct comparable prior to the merger in terms of product mix, customer base, and geographic footprint.

Broad incumbents

• Nucor Corporation: Largest U.S. steel producer that operates significant downstream processing and steel products distribution, including its Vulcraft/Buildings Group and acquisitions of service-center-adjacent businesses. Competes partly through direct mill sales that bypass service centers.

Regional players

• Russel Metals: Canadian-based metals service center with similar product portfolio and processing capabilities, serving North American markets. Comparable in business model but primary geographic focus is Canada rather than U.S.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCzV3t3eGXJMQG5eWj4i7bQw
• LinkedInlinkedin.com/company/olympic-steel

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries9 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Olympic Steel