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    Market Segment

    August 5, 2021

    Olympic Steel: Historic, Record-Breaking Results in Q2

    Written by David Schollaert

    Olympic Steel reported record sales and the most profitable quarter in company history. The achievement in the service center’s second quarter was bolstered by exceptional market conditions and historically high metal prices, the company said.

    Driven by higher pricing, Olympic set a sales record for the second consecutive quarter, posting net sales of $556 million in Q2, up from $248 million in the same period last year, and up more than $90 million from record-setting first-quarter results.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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