Olympic Steel: Lean and Prospering

Olympic Steel posted significantly improved results for third-quarter 2017. Demand is strong across all three business segments at Olympic, but is expected to soften due to seasonality and the holidays. “Looking ahead, we are encouraged by both the positive demand trends our customers are projecting for 2018 and by the market’s outlook for improved metal pricing,” said Chairman and CEO Michael Siegal during the Q3 earnings conference call on Wednesday.

“The manufacturers and fabricators we serve in the heavy machinery and industrial equipment sectors echo this positive outlook,” said Siegal. “It is also noteworthy that all of this is happening in absence of any clarity or certainty around the potential tax reform legislation or concrete plans for future infrastructure spending.”