Olympic Steel Inc founded in 1954, is incorporated under the laws of the State of Ohio. It's a metals service center that operates in three reportable segments; carbon flat products, specialty metals flat products and tubular and pipe products. The carbon flat products segment and the specialty metals flat products segment are at times consolidated and referred to as the flat products segments. Some of the flat products segments' assets and resources are shared by the carbon and specialty metals segments and both segments' products are stored in the shared facilities and processed on the shared equipment. It provides metals processing and distribution services for customers. Carbon flat products segment's focus is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products, and fabricated parts. Specialty metals flat products segment's focus is on the direct sale and distribution of processed aluminum and stainless flat-rolled sheet and coil products, flat bar products and fabricated parts. Through Chicago Tube and Iron subsidiary, or CTI, it distributes metal tubing, pipe, bar, valves and fittings and fabricate pressure parts supplied to various industrial markets. It also performs toll processing of customer-owned metals. The Company sells certain products in various parts of the country in North, Central and South America. Its principal raw materials are carbon, coated and stainless steel and aluminum, in the forms of pipe and tube, flat rolled sheet, coil and plate that typically purchase from various metals producers. It offers business solutions to its customers through value-added and value-engineered services. The Company competes with other regional and national metals service centers, single location service centers and, to a certain degree, metals producers and intermediate metals processors on a regional basis.
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