Olympic Steel's Richard T. Marabito Tapped as "CFO of the Year" by Crain's Cleveland Business

Olympic Steel's Richard T. Marabito Tapped as "CFO of the Year" by Crain's
Cleveland Business

CLEVELAND, Oct. 25, 2013 (GLOBE NEWSWIRE) -- Olympic Steel, Inc., 
(Nasdaq:ZEUS), a national metals service center, today announced Richard T.
Marabito was selected as the 2013 CFO of the Year in the medium-size public
company category by Crain's Cleveland Business.

Mr. Marabito has been Olympic Steel's chief financial officer since 2000. He
joined the Company in 1994 and previously served as corporate controller and

The CFO of the Year award is an annual honor bestowed by Crain's on regional
chief financial officers who have demonstrated meaningful contributions to the
success of their organizations through leadership, ethics, measurable growth
metrics, handling challenges, civic contributions and strategic transactions.
This year's award winners were announced at a sold-out gala event on October
22, 2013.

"Rick is much more than 'CFO of the Year'," commented Chairman and Chief
Executive Officer Michael D. Siegal. "His financial stewardship has been
critical to the Company's substantial growth as we diversified the business
into new products and services, and expanded into new geographic markets. This
growth has required successfully managing through multi-year market cycles,
numerous long-term capital projects and transformative acquisitions.

"Being a custodian of shareholder assets is something he takes pride in, and
we are fortunate and honored to have someone with his sage judgment leading
Olympic Steel's financial management. The only quality more impressive than
Rick's professional acumen is his personal character," Mr. Siegal concluded.

Mr. Marabito is also a member of the Metal Service Center Institute Board of
Directors and a governing board member and the treasurer of the Make-A-Wish
Ohio, Kentucky and Indiana chapter. He also serves on the board of trustees of
Hawken School where he is treasurer and earned his Bachelor of Arts degree in
accounting at Mount Union College and is a Certified Public Account—Inactive

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

CONTACT: Matthew J. Dennis, CFA
         Olympic Steel Investor Relations
         (216) 672-0552

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