The 2012 Annual Meeting of the Shareholders of Olympic Steel, Inc. (the "Company") was held on May 3, 2012. The final voting results for the proposals submitted for a vote of shareholders at the Annual Meeting of the Shareholders are set forth below.

Proposal 1. The shareholders elected David A. Wolfort, Ralph M. Della Ratta, Dirk A. Kempthorne and Howard L. Goldstein as directors of the Company to serve until the Company's 2014 Annual Meeting of Shareholders. The voting results were as follows:

                    Name              For      Withheld   Broker Non-Votes
              David A. Wolfort     9,060,297   387,697       1,461,105
            Ralph M. Della Ratta   8,704,830   743,164       1,461,105
             Dirk A. Kempthorne    9,319,978   128,016       1,461,105
            Howard L. Goldstein    9,228,807   219,187       1,461,105

Proposal 2. The shareholders approved the ratification of the selection of PricewaterhouseCoopers LLP as the Company's independent public accounting firm for 2012. The voting results were as follows:

For Against Abstain 9,977,006 121,248 600

Proposal 3. The shareholders approved the advisory vote on named executive officer compensation. The voting results were as follows:

For Against Abstain Broker Non-Votes 9,226,904 175,588 45,502 1,461,105

Proposal 4. The shareholders reapproved the material terms for performance-based awards for Section 162(m) purposes under the Olympic Steel, Inc. 2007 Omnibus Incentive Plan. The voting results were as follows:

For Against Abstain Broker Non-Votes 9,347,203 98,141 2,650 1,461,105