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Olympic Steel Names Andrew Wolfort General Manager of Schaumburg Operation

CLEVELAND, April 9, 2015 (GLOBE NEWSWIRE) -- Olympic Steel Inc. (Nasdaq:ZEUS), a leading national metals service center, today announced Andrew Wolfort has been promoted to General Manager of the Company's operation in Schaumburg, Illinois effective immediately.

Mr. Wolfort, 31, initially joined Olympic Steel in 2005 as a general laborer in the Company's Cleveland warehouse facility. He returned to the company in a full-time capacity in 2007 working as an inside sales representative at the Schaumburg facility.

In 2008, Mr. Wolfort transitioned to outside sales, before being named Sales Manager at the Bettendorf, Iowa facility in 2010. He began his most recent role as Regional Sales Manager in 2011; and, was based at the Company's Gary, Indiana facility where he was instrumental in the start-up of Olympic Steel's newest temper mill.

As General Manager – Schaumburg, Wolfort will report to Andrew Greiff, President – Specialty Metals.

"As Regional Sales Manager, Andrew generated significant sales and tonnage growth by further developing the Midwest territory and acquiring a number of new accounts," Mr. Greiff said. "We look forward to his continuing contributions in this new role, as we grow our Schaumburg operation."

Mr. Wolfort earned a Bachelor of Science degree in Finance from The University of Colorado at Boulder, and completed the Metals Service Center Institute's (MSCI) Strategic Metals Management program at the Olin Business School at Washington University, in St. Louis.

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 35 facilities in North America.

For additional information, please visit the Company's website at www.olysteel.com or www.b2i.us/profiles/investor/ContactUs.asp?BzID=2195

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

Source:Olympic Steel, Inc.

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