Olympic Steel traded at $47.86 this Thursday February 12th, decreasing $2.98 or 5.86 percent since the previous trading session. Looking back, over the last four weeks, Olympic Steel lost 0.40 percent. Over the last 12 months, its price rose by 36.94 percent. Looking ahead, we forecast Olympic Steel to be priced at 46.41 by the end of this quarter and at 42.34 in one year, according to Trading Economics global macro models projections and analysts expectations.
Olympic Steel, Inc. is a metals service center and metals processing and distribution services for a range of customers. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. Its specialty metals flat products segment focuses on the direct sale and distribution of processed aluminum and stainless flat-rolled sheet and coil products, flat bar products, prime tin mill products and fabricated parts. Its carbon flat products segment focuses on the direct sale and distribution of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts. Its tubular and pipe products. distribute metal tubing, pipe, bar, valve, and fittings and fabricate pressure parts supplied to various industrial markets. The Company also performs toll processing of customer-owned metals. It sells certain products internationally, primarily in Canada and Mexico.