Olympic Steel Names Howard Director of Operational Excellence

Olympic Steel Names Howard Director of Operational Excellence

Additional Management Promotions Announced at Cleveland Operations

CLEVELAND, Oct. 18, 2013 (GLOBE NEWSWIRE) -- Olympic Steel Inc. (Nasdaq:ZEUS),
a leading national metals service center, today announced John Howard has been
named to the newly created position of Director, Operational Excellence.

Mr. Howard has been serving in a consulting role with the Company to enhance
growth and profitability by implementing best-in-class operations methodology.
In this new role, he will be responsible for the strategic development,
tactical program management, facility deployment, systems integration and
financial results consistent with Operational Excellence.

"John has been charged with strengthening and aligning the enterprise with the
chairman's objectives and the vision of the Company's executive officers. We
look forward to his future contributions," said Olympic Steel President and
Chief Operating Officer, David Wolfort.

A certified Six Sigma Master Black Belt and Lean Applications Specialist, Mr.
Howard has more than 22 years of experience in transformational leadership,
operations management and performance turnaround. He has worked with Fortune
500 companies and other entities, including General Motors, Berkshire
Hathaway, Caterpillar, Amazon.com, General Electric, Eaton, the U.S.
Department of Defense and several healthcare systems.He earned a Bachelor of
Science degree in Electrical Engineering from North Carolina A&T State
University and, most recently, worked with CGN Global as Senior Manager,
Master Black Belt & Co-Lead for its Global Lean Practice. Mr. Howard will
report to Mr. Wolfort in his new role with company-wide responsibility.

Zachary Siegal Promoted to General Manager–Cleveland

Additionally, Zach Siegal has been promoted to the role of General
Manager–Cleveland. Mr. Siegal began his career with Olympic Steel at the
Company's Cleveland facility. He was later named Quality Engineer for the
Minneapolis-based facilities in 2007. Mr. Siegal has held positions of
increasing responsibility including Operations Manager in Minneapolis,
Operations and Purchasing Manager in Schaumburg, Ill. and most recently,
Purchasing and Materials Manager in Gary, Ind. where he was actively involved
in the start-up of that facility's new temper mill.He earned his Bachelor of
Science degree in finance at Miami University and his Master of Business
Administration degree in the Deming Scholars program at Fordham University. In
his new role, Mr. Siegal will report to John Mooney, Vice President–Eastern
Region.

Matthew Kapusta Promoted to Purchasing Manager–Cleveland

Matt Kapusta has been promoted to Purchasing Manager–Cleveland, and will be
responsible for procuring raw material for the Company's carbon steel
processing locations in Ohio, Pennsylvania and Kentucky. Mr. Kapusta joined
Olympic Steel in 2010 as Outside Sales Representative for the Eastern Region.
During his tenure he has helped grow the region's customer base through
increased business with existing accounts, and has added new customers. He
earned his Bachelor of Science degree in Business Administration from Slippery
Rock University and brings more than 13 years of industry experience,
including extensive experience in the tube and pipe sector. Mr. Kapusta will
report to Zach Siegal, General Manager–Cleveland.

Mr. Wolfort added, "These three appointments reflect Olympic Steel's ability
to attract top industry talent as well as provide progressive opportunities
for career advancement for employees. By strategically positioning our
management team's expertise where it will have the greatest impact on
performance, we are further developing our bench strength, and simultaneously
continuing to position the organization for long-term success."

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
operates from 34 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.

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

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