Olympic Steel Recognized for Workplace Safety and Health Excellence

CLEVELAND, Aug. 18, 2010 (GLOBE NEWSWIRE) -- Olympic Steel, Inc. (Nasdaq:ZEUS),
a national steel service center, today announced receipt of a Michigan Safety
and Health Achievement Recognition Program (SHARP) Award. The award, presented
by the Michigan Occupational Safety and Health Administration (MIOSHA),
distinguishes the Company's Detroit, Michigan facility for its exemplary safety
and health management program.

Representatives from MIOSHA presented the award during a ceremony held on site
at the Detroit facility on August 18.

"Olympic Steel is committed to providing a safe work environment and promoting
employee health and well being as one of our company Core Values," said Michael
Cedoz, General Manager. "We are pleased to receive this prestigious recognition,
and we commend our employees for the critical role they play in sustaining a
safe work environment."

To qualify for SHARP recognition, a company must be considered a high-hazard
industry, and complete a thorough site consultation conducted by the MIOSHA
review team. Companies earn distinction for implementing a safety and health
system that achieves results far beyond those of their peers.

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.
Headquartered in Cleveland, Ohio, the Company operates 16 facilities. For
further information, visit the Company's web site at http://www.olysteel.com.

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