Press Release

Olympic Steel Names General Manager of the Philadelphia Division


Cleveland, Ohio --- (October 27, 1999) David A. Wolfort, Chief Operating Officer of Olympic Steel, Inc. (Nasdaq: ZEUS) announced today that John W. Brieck has joined the company as General Manager of the Philadelphia Division. Brieck brings to his new position over 23 years of experience in the Steel industry.

Brieck most recently served as President and Chief Operating Officer of High Strength Steel, Inc., Houston, Texas. He also served as President and Chief Operating Officer for Delaware Valley Steel, a Division of SR Metals located in Havertown, Pennsylvania.

"We are extremely pleased that John has decided to join the Olympic Steel team. With his extensive background in all facets of the steel industry, John will be invaluable to our effort in retaining and strengthening our overall presence in the Northeast Market," commented David A. Wolfort.

Brieck received his Bachelor of Arts Degree in Education from Florida Bible College, Hollywood, Florida. He also has been affiliated with the Steel Service Center Institute-Philadelphia Chapter for numerous years.

Brieck will directly report to Jerome R. Gea, Vice President of the Eastern Region. Gea recently assumed responsibility for the Winder, Georgia facility in addition to the Divisions he currently supports. Ron Trone, General Manager of the Winder Division will report directly to Gea along with the General Managers in Milford, Connecticut, Philadelphia and Chambersburg, Pennsylvania.

Olympic Steel, Inc. 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 web site at http://www.olysteel.com.

Contact: Cathy S. Kish
Director - Investor Relations
Telephone: (216) 292-3800
Fax: (216) 682-4065

 
Olympic Steel, Inc.
5096 Richmond Road
Bedford Heights, OH 44146

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