Steel Mills
August 7, 2014
Olympic Steel Posts Record Net Sales
Written by Sandy Williams
Olympic Steel & Aluminum posted the highest net sales in its history. Second quarter sales increased 16.7 percent year-over-year to $386.0 million, due to increased market share and higher sales volume. Net income jumped 38 percent to $3.5 million from $2.5 million in Q2 2013.
Flat product volume was up 17 percent in Q2 to 330,000 tons compared to 281,000 tons last year. It was Olympic’s highest volume quarter for flat products since early 2008. First half 2014 flat products volume was up 10% to 630,000 tons.
