Service Centers

Olympic marks Siegal's 50th, company's 70th anniversary
Written by Ethan Bernard
June 12, 2024
Olympic Steel is celebrating Executive Chairman Michael D. Siegal’s 50th work anniversary and the company’s 70th year in business.
Olympic Steel began in 1954 as a steel distribution partnership founded by brothers Sol Siegal and Sam Sigel.
Michael Siegal, son of Sol Siegal, joined the Cleveland-based service center group in 1974. He became CEO in 1984 and then executive chairman in 2019.
“The organization is vastly different from when the Siegal family opened the business seventy years ago,” Andrew S. Greiff, president and COO, said in a statement on Wednesday. “We’ve grown far beyond the distribution of carbon steel to offer a wide range of metals products and value-added fabrication services.”
Olympic’s current CEO, Richard T. Marabito, is also celebrating 30 years with the company this year.

Ethan Bernard
Read more from Ethan BernardLatest in Service Centers

Worthington Steel set to move HQ across town
Worthington Steel is preparing to move its corporate headquarters to the Easton area of Columbus, Ohio.

Reliance reports record tons sold in Q1
A factor in the sales was customers buying ahead of tariff-related price increases.

Galv buyers notched strong Q1, but see uncertainty on the horizon
Participants on the HARDI Sheet Metal/Air Handling Council call said underlying demand is solid but there are slower pockets in some markets.

GM names Worthington a 2024 Supplier of the Year
This is the Ohio-based steelmaker’s fourth time winning the award.

Olympic taps Hegler for GM role at Action Stainless
Olympic Steel has named Alex Hegler as general manager for its Action Stainless facility in Rock Hill, S.C.