Olympic Steel Welcomes Alex Hegler as General Manager

CLEVELAND--(BUSINESS WIRE)-- Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, welcomes Alex Hegler as General Manager for its Action Stainless facility in Rock Hill, South Carolina.

Mr. Hegler joins the Company with a background in sales and strategic leadership in the metals industry. Most recently, he served as Sales Manager for a global specialty metals distributor and service center.

In his new role, Mr. Hegler will have responsibility for the day-to-day operations and sustainable growth of the Rock Hill facility. He will report directly to Jessica L. Burroughs, Vice President – Action Stainless.

“Alex is an effective commercial leader with a proven record of strategic market expansion,” said Andy Markowitz, President – Specialty Metals. “His global experience will help drive fabrication-focused growth for the Rock Hill facility, Action Stainless and Olympic Steel, particularly as large OEMs and other market leaders evaluate reshoring options for metal processing.”

Mr. Hegler earned his Bachelor of Science degree in business administration from the University of South Carolina. He replaces John McAuliffe, who will retire as the Rock Hill facility’s General Manager after nearly 20 years with the Company.

“We appreciate John’s many contributions to Action Stainless during his tenure,” concluded Mr. Markowitz. “We wish him well as he begins his next chapter.”

About Olympic Steel

Founded in 1954, Olympic Steel (NASDAQ: ZEUS) is a leading U.S. metals service center focused on the direct sale and value-added processing of carbon and coated sheet, plate, and coil steel products; stainless steel sheet, plate, bar and coil; aluminum sheet, plate and coil; pipe, tube, bar, valves and fittings; tin plate and metal-intensive end-use products, including water treatment systems; stainless steel bollards; commercial, residential and industrial venting and air filtration systems; Wright^® brand self-dumping hoppers; metal canopy components; and EZ-Dumper^® dump inserts. Headquartered in Cleveland, Ohio, Olympic Steel operates from 54 facilities.

For additional information, please visit the Company's website at www.olysteel.com.

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Michelle Pearson-Casey

Vice President – Corporate Communications & Marketing

216.292.3800

Source: Olympic Steel, Inc.