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Olympic Steel Names James V. Beebe General Manager of North Carolina Operation

CLEVELAND, May 4, 2015 (GLOBE NEWSWIRE) -- Olympic Steel Inc. (Nasdaq:ZEUS), a leading national metals service center, today announced James V. Beebe has been hired as General Manager of the Company's operation in Siler City, North Carolina.

Mr. Beebe, 53, brings more than 30 years of experience in the metals fabrication industry with increasing levels of responsibility, including his most recent position as Vice President of Business Development for a North Carolina-based full-service armor fabricator. In this role, he developed cost models and managed manufacturing and processing operations including welding, machining, painting and powder-coat services for a diversified group of prime OEM customers.

His expertise spans operations, sales management, quality assurance and strategic planning with an emphasis on metal processing and fabrication – which are key elements of Olympic Steel's growth strategy.

"We expect Jim's extensive sales and operations management experience within a diverse range of industries and well-rounded business acumen will aid him in leading the continued transformation of our North Carolina operation," said Raymond Walker, President & Chief Operating Officer – Flat Rolled. "Please join me in welcoming Jim and his family to Olympic Steel."

Mr. Beebe earned a Bachelor of Science degree in mechanical engineering from the University of Dayton and subsequently earned a Master of Business Administration focused on operations and finance from Queens University of Charlotte in Charlotte, North Carolina.

In his new role, Mr. Beebe will report to John Brieck Regional Vice President – Southern Region.

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.