Accident Occurs at Olympic Steel's Cleveland Facility
Cleveland, Ohio (July 10, 2000) - Olympic Steel, Inc. (Nasdaq:ZEUS) announced that Jerry Presley, an employee of its Cleveland Division, died after suffering injuries July 8 in an in-plant accident. The employee was seriously injured while performing his duties as a crane operator. OSHA was contacted by the Company and the accident is currently under review. The Company deeply regrets this tragedy and expresses its sorrow to the family of Mr. Presley.
Olympic Steel is a leading North American steel service center that has positioned itself for growth in a consolidating steel industry. It is experienced in the specialized processing and distribution of flat-rolled carbon and stainless steel products, as well as tubular steel products. Headquartered in Cleveland, Ohio, the company has over 1,000 employees in 15 locations serving nine geographic markets. For further information on Olympic Steel, Inc., visit the Company's website at http://www.olysteel.com.
Contact: Cathy S. Kish
Director - Investor Relations
Telephone: (216) 292-3800
Fax: (216) 682-4065
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