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Olympic Steel, Inc. Completes 7th Annual Partnership With The Make-A-Wish Foundation(R)

CLEVELAND, Sept. 16, 2010 (GLOBE NEWSWIRE) -- Olympic Steel, Inc. (Nasdaq:ZEUS) announced record results for its seventh annual partnership with the Make-A-Wish Foundation ®. The company's month-long 2010 campaign concluded with total contributions of $56,830, exceeding its previous campaign record by more than $10,000 and granting nine wishes for children with life-threatening medical conditions.

Olympic Steel's "Working for Wishes" campaign is the combined effort of over 1,000 employees from the company's 15 facilities. Fund-raisers, organized and supported by employees at each location with help from customers, vendors, and community partners alike, granted wishes through Make-A-Wish Foundation ® chapters in Eastern North Carolina, Michigan, Georgia & Alabama, Chicago, Connecticut, Northeast Ohio, Iowa, Minneapolis, and Greater Pennsylvania & Southern West Virginia.  

Michael Siegal, Olympic Steel's Chairman and Chief Executive Officer, commented, "We could not be more humbled and proud of our employees who, in spite of current economic realities, understand the impact their efforts and our organization's commitment to corporate citizenship can have on those facing difficult circumstances. Our partnership with the Make-a-Wish Foundation ® has helped to bring a measure of joy in our local communities."

Olympic Steel's "Working for Wishes" campaign began in 2004 to commemorate its 50 th Anniversary. Since that time, the company has raised more than $235,600 and granted 41 identified wishes through various chapters of the Make-A-Wish Foundation ®.

Founded in 1954, Olympic Steel is a leading U.S. steel 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 products. Headquartered in Cleveland, Ohio, the Company operates 15 facilities. For further information, visit the Company's web site at http://www.olysteel.com .

The Olympic Steel, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3582

CONTACT:  Olympic Steel, Inc.
          Michelle Pearson-Casey, Corporate Communications Manager
          (216) 292-3800
          Fax: (717) 709-1525

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