Steel Mills

New COO for Olympic Steel
Written by Sandy Williams
August 23, 2016
Olympic Steel, a leading national metals service center, announced the promotion of Andrew Greiff to Executive Vice President and Chief Operating Office, as of August 19, 2016.
Greiff joined Olympic Steel in 2009 and was promoted to President, Specialty Metals in 2011. In that role he managed sales and distribution of stainless steel and aluminum products. This appointment divides the responsibilities of President and Chief Operating Officer. David Wolfort continues to serve as President of the Corporation.
“To complement our principal carbon steel business, several years ago we strategically expanded into new product categories. Andrew has overseen consistent organic growth in specialty metals, which now comprise almost 20% of our consolidated sales,” said Chairman and Chief Executive Officer Michael D. Siegal. “In addition to driving growth in specialty metals, Andrew has also managed our established carbon business in the Midwest Region. His broad experience makes him ideally suited for this expanded, company-wide role.”
“As a growth company, we must consistently deepen our executive management team to accommodate future growth and succession opportunities,” Siegal said.
About Olympic Steel
Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products. The Company’s CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricates pressure parts for the electric utility industry. Headquartered in Cleveland, Ohio, Olympic Steel operates from 33 facilities in North America.
(Source: Olympic Steel press release)

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

CMC looks beyond Arizona micro-mill woes to long-term viability of construction mart
Despite the economic and geopolitical upheaval of the last five years, CMC President and CEO Peter Matt points out that the construction market has been an essential element of the way forward.

Cliffs slates layoffs at Minnesota mines due to excess iron ore supply
The temporary measures “are necessary to re-balance working capital needs and consume excess pellet inventory produced in 2024,” Cliffs told SMU.

Nucor guides to lower first-quarter results
Nucor anticipates showing an earnings decline when it releases its full first-quarter earnings report on Monday, April 28.

U.S. Steel anticipates a loss in first quarter
The Pittsburgh steelmaker expects to see increasing volumes from both Big River Steel and Big River 2.

CMC earnings fall on seasonal weakness, economy woes
CMC’s earnings tumbled in its fiscal second quarter on seasonal weakness and continued shakiness in the wider economy.