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OLYMPIC STEEL

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48 reviews

About OLYMPIC STEEL

Olympic Steel has bypassed gold, silver, and bronze in favor of carbon, coated, and stainless steel. A steel service center, Olympic Steel provides flat-rolled sheet, coil, and plate steel products. Its processing services include cutting-to-length, slitting, and shearing, along with blanking, laser welding, and precision machining. Olympic Steel operates – more... about 15 processing and distribution facilities, mainly in the eastern and midwestern US. Auto manufacturers and their suppliers account for about 10% of Olympic Steel's sales, as do sales to other steel service centers.

Olympic Steel hopes to grow by taking advantage of the trend toward outsourcing of manufacturing processes by OEMs. Toward that end, the company continues to invest in processing equipment in order to add more value to its products. In addition to adding to and updating its own operations, Olympic has expanded through targeted acquisitions.

Olympic significantly expanded its business in 2011 by acquiring Chicago Tube and Iron Company in a $150 million cash deal. The deal expands Olympic's business by almost one-third, with the combined companies having 30 locations. Chicago Tube and Iron will operate as a wholly owned subisidiary of Olympic.

In 2010 Olympic Steel acquired a 100,000-square-foot facility in Mount Sterling, Kentucky. The facility will perform plate burning, machining, forming, and shot blasting and is expected to be operational in early 2011. – less

OLYMPIC STEEL Employer Reviews
Read all 48 reviews
Packer (Former Employee), Winder, GAJune 16, 2015
Laser Operator (Former Employee), Bettendorf, IAMay 28, 2015
Quality Technician (Current Employee), Chambersburg PaApril 28, 2015
CRANE & FORKLIFT OPERATOR (Former Employee), Milford, CTApril 1, 2015
Shop Helper (Current Employee), Plymouth, MNMarch 14, 2015
OLYMPIC STEEL Salaries
View all 2 salaries
Forklift Operator
$10.00 per hour
Based on 4 employees
$9.00$15.80
Crane Operator
$35,000 per year
Based on 3 employees
$20,000$35,000
OLYMPIC STEEL Photos
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CUT SHEET
BIFORE CUTTER
COIL LODING STARTING POSITION
BIFORE PLANING MACHINE
AFTER PLANING MACHINE