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    Market Segment

    February 27, 2014

    Olympic Steel Reports Loss for Q4 but Gain for FY 2013

    Written by Sandy Williams

    Olympic Steel reported a net loss of $1.4 million for the fourth quarter 2013. Net sales for the quarter were $290.5 million, nearly even with Q4 2012 sales of $291.7 million

    Full year results showed an increase in net income to $7.6 million. Full year sales declined 8.7 percent to $1.3 billion in 2013, shy of Olympic’s record high of $1.4 billion in 2012. Cashflow from operating activities nearly doubled to $55 million.

    Sandy Williams

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