SMU Community Chat
April 15, 2021
Olympic CEO Bullish on Metals Market
Written by Sandy Williams
Olympic Steel CEO Rick Marabito is very bullish on the metals market, comparing the industry to a baseball game that’s just getting started: “I think we are in the first couple of innings of a really good market and cycle,” he said during Wednesday’s SMU Community Chat. Despite material shortages and supply disruptions, manufacturing is “doing a pretty darn good job of managing through challenges in the supply chain.”
Marabito oversees operations at the full-line service based in Cleveland with 30 locations nationwide, which was ranked No. 12 in the Metal Center News Service Center Top 50 last year. In his remarks during the webinar, he said he expects a “tweak” in the global supply chains that will bring supply closer to customers and allow for inventory build-up to mitigate unforeseeable threats.
