EXHIBIT 24
                               POWERS OF ATTORNEY

                               OLYMPIC STEEL, INC.

        KNOW ALL MEN BY THESE PRESENTS, that OLYMPIC STEEL, INC., an Ohio
corporation, and each person whose name is signed below hereby constitute and
appoint Michael D. Siegal and Richard T. Marabito their attorneys-in-fact and
agents, with full power of substitution and resubstitution, for and on behalf of
Olympic Steel, Inc. and the undersigned Directors and officers of Olympic Steel,
Inc., and each of such Directors and officers, to sign Olympic Steel, Inc.'s
Annual Report on Form 10-K for the year ended December 31, 2002, any or all
amendments thereto, and to file the same, with exhibits thereto and other
documents in connection therewith, with the Securities and Exchange Commission,
granting such attorneys-in-fact and agents full power and authority to do and
perform each and every act and thing requisite and necessary in connection with
such matters and hereby ratifying and confirming all that such attorneys-in-fact
and agents or their substitute or substitutes may do or cause to be done by
virtue hereof.

        This Power of Attorney of Olympic Steel, Inc., and the Directors and
officers of Olympic Steel, Inc. may be executed in multiple counterparts, each
of which shall be deemed an original with respect to the person executing it.

        IN WITNESS WHEREOF, this Power of Attorney has been signed at Cleveland,
Ohio this 28th day of March, 2003.

                                     OLYMPIC STEEL, INC.

                                     By: /s/ Richard T. Marabito
                                        ----------------------------------------
                                        Richard T. Marabito, Chief Financial
                                        Officer

DIRECTORS AND OFFICERS:

/s/ Martin H. Elrad                  /s/ Michael D. Siegal
- -----------------------------        -------------------------------------------
Martin H. Elrad, Director            Michael D. Siegal, Chairman of the Board
                                     and Chief Executive Officer

/s/ Thomas M. Forman                 /s/ David A. Wolfort
- -----------------------------        -------------------------------------------
Thomas M. Forman, Director           David A. Wolfort, President, Chief
                                     Operating Officer and Director

/s/ Suren A. Hovsepian               /s/ Richard T. Marabito
- -----------------------------        -------------------------------------------
Suren A. Hovsepian, Director         Richard T. Marabito, Chief Financial
                                     Officer (Principal Accounting Officer)

/s/ James B. Meathe
- -----------------------------
James B. Meathe, Director



                                       51