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

Ethan Bernard is a reporter and editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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