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| <?xml version="1.0" encoding="windows-1252"?> |
| <ownershipDocument> |
| <schemaVersion> X0508 </schemaVersion> |
| <documentType> 4 </documentType> |
| <periodOfReport> 2024-03-12 </periodOfReport> |
| <issuer> |
| | <issuerCik> 0000917470 </issuerCik> |
| | <issuerName> OLYMPIC STEEL INC </issuerName> |
| | <issuerTradingSymbol> ZEUS </issuerTradingSymbol> |
| | </issuer> |
| <reportingOwner> |
| | <reportingOwnerId> |
| | | <rptOwnerCik> 0001358902 </rptOwnerCik> |
| | | <rptOwnerName> Anton Arthur F </rptOwnerName> |
| | | </reportingOwnerId> |
| | <reportingOwnerAddress> |
| | | <rptOwnerStreet1> C/O OLYMPIC STEEL, INC. </rptOwnerStreet1> |
| | | <rptOwnerStreet2> 22901 MILLCREEK BLVD., SUITE 650 </rptOwnerStreet2> |
| | | <rptOwnerCity> HIGHLAND HILLS </rptOwnerCity> |
| | | <rptOwnerState> OH </rptOwnerState> |
| | | <rptOwnerZipCode> 44122 </rptOwnerZipCode> |
| | | <rptOwnerStateDescription></rptOwnerStateDescription> |
| | | </reportingOwnerAddress> |
| | <reportingOwnerRelationship> |
| | | <isDirector> 1 </isDirector> |
| | | </reportingOwnerRelationship> |
| | </reportingOwner> |
| <aff10b5One> 0 </aff10b5One> |
| <nonDerivativeTable> |
| | <nonDerivativeTransaction> |
| | | <securityTitle> |
| <value> Common Stock </value> |
| <footnoteId id="F1"/> |
| </securityTitle> |
| | | <transactionDate> |
| <value> 2024-03-12 </value> |
| </transactionDate> |
| | | <transactionCoding> |
| <transactionFormType> 4 </transactionFormType> |
| <transactionCode> A </transactionCode> |
| <equitySwapInvolved> 0 </equitySwapInvolved> |
| </transactionCoding> |
| | | <transactionAmounts> |
| <transactionShares> |
| <value> 1675 </value> |
| </transactionShares> |
| <transactionPricePerShare> |
| <value> 0 </value> |
| </transactionPricePerShare> |
| <transactionAcquiredDisposedCode> |
| <value> A </value> |
| </transactionAcquiredDisposedCode> |
| </transactionAmounts> |
| | | <postTransactionAmounts> |
| <sharesOwnedFollowingTransaction> |
| <value> 40682 </value> |
| </sharesOwnedFollowingTransaction> |
| </postTransactionAmounts> |
| | | <ownershipNature> |
| <directOrIndirectOwnership> |
| <value> D </value> |
| </directOrIndirectOwnership> |
| </ownershipNature> |
| | | </nonDerivativeTransaction> |
| | </nonDerivativeTable> |
| <footnotes> |
| | <footnote id="F1"> Restricted shares of common stock granted under Olympic Steel's Amended and Restated 2007 Omnibus Incentive Plan, as amended. The restricted shares vest in one-third increments on December 31, 2024, December 31, 2025, and December 31, 2026, if the Reporting Person continues to be a member of the Board of Olympic Steel on such date. </footnote> |
| | </footnotes> |
| <ownerSignature> |
| | <signatureName> /s/ Lisa K. Christen as Attorney-in-fact </signatureName> |
| | <signatureDate> 2024-03-14 </signatureDate> |
| | </ownerSignature> |
| </ownershipDocument> |
