Olympic Steel Names George Frost Vice President - Aluminum

Company continues growth efforts in the aluminum market

Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the promotion of George Frost to Vice President – Aluminum.

This change supports the Company’s specialty metals strategic growth efforts. Mr. Frost will report directly to Andy Markowitz, President – Specialty Metals.

“George’s thorough understanding of the specialty metals market, particularly aluminum, has been an effective resource for our commercial team and our customers. His extensive expertise will help us continue to increase our market share and firmly establish Olympic Steel as a preferred aluminum distributor and supplier,” said Markowitz. “His leadership will contribute to the continued growth of our aluminum product line.”

Mr. Frost received his Bachelor of Science degree from Western Carolina University and his Master of Business Administration from the University of Phoenix. He serves on the Metals Service Center Institute (MSCI) Aluminum Products Board and is also a member of the MSCI Diversity, Equity and Inclusion (DEI) Task Force.

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 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; commercial, residential and industrial venting and air filtration systems; Wright® brand self-dumping hoppers; and EZ-Dumper® dump inserts. Headquartered in Cleveland, Ohio, Olympic Steel operates from 47 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 [phone]