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Webcast Alert: Olympic Steel to Announce 2012 Fourth-Quarter Financial Results Before Market Opens on Feb. 21

Webcast Alert: Olympic Steel to Announce 2012 Fourth-Quarter Financial Results
Before Market Opens on Feb. 21

Conference Call to Be Held 11 a.m. ET Same Day

CLEVELAND, Jan. 30, 2013 (GLOBE NEWSWIRE) -- Olympic Steel, Inc.
(Nasdaq:ZEUS), a leading national metals service center, invites you to listen
to a live webcast of its conference call to discuss fourth-quarter 2012
results.

When:       Thursday, Feb. 21, 2013, at 11 a.m. Eastern Time
           
Hosts:      Michael Siegal, Chairman & CEO
           David Wolfort, President & COO
           Richard T. Marabito, CFO
           
Web Address http://www.olysteel.com
           
Contact:    Matthew J. Dennis, CFA
           Olympic Steel Investor Relations, 216-672-0522

The Company intends to release its 2012 fourth-quarter financial results
before the market opens on Feb. 21, 2013. If you are unable to participate in
the live webcast, a replay of the call will be archived until March 8, 2013,
at http://www.olysteel.com.

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 and aluminum
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
currently operates from 33 facilities in North America.

For additional information, please visit the Company's website at
http://www.olysteel.com or
http://www.b2i.us/profiles/investor/ContactUs.asp?BzID=2195.

The Olympic Steel, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3582

CONTACT: IR Contact:
         Matthew J. Dennis, CFA
         Olympic Steel Investor Relations
         (216) 672-0522

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