EXHIBIT 4.3

            AMENDMENT NO. 2 TO AMENDED AND RESTATED CREDIT AGREEMENT

     This Amendment dated as of March 15, 2003 by and among the financial
institutions whose signatures appear below (individually a "Bank," collectively
the "Banks"), Comerica Bank, as Administrative Agent for the Banks (in such
capacity, "Agent") and Olympic Steel, Inc., an Ohio corporation (the "Company").

                                    RECITALS

     A. Company, Agent and Comerica Bank, Fifth Third Bank and Standard Federal
Bank N.A., Fleet Capital Corporation and KeyBank National Association are
parties to that certain Amended and Restated Credit Agreement dated as of
December 30, 2002, as previously amended ("Credit Agreement").

     B. Company, the Banks and Agent desire to amend the Credit Agreement as set
forth below.

     Now therefore, the parties agree as follows:

     1. The reference to "March 31, 2003" in Section 7.20(a) of the Credit
Agreement is changed to June 30, 2003

     2. The reference to "March 15, 2003" in Section 7.20(b) of the Credit
Agreement is changed to "June 30, 2003."

     3. Except as expressly modified hereby, all the terms and conditions of the
Credit Agreement shall remain in full force and effect.

     4. Company hereby represents and warrants that, after giving effect to the
amendments contained herein, (a) execution, delivery and performance of this
Amendment and any other documents and instruments required under this Amendment
or the Credit Agreement are within its corporate powers, have been duly
authorized, are not in contravention of law or the terms of its Articles of
Incorporation or Bylaws, and do not require the consent or approval of any
governmental body, agency, or authority; and this Amendment and any other
documents and instruments required under this Amendment or the Credit Agreement,
will be valid and binding in accordance with their terms; (b) the continuing
representations and warranties made by Company set forth in Sections 6.1 through
6.19 and 6.21 through 6.24 of the Credit Agreement are true and correct on and
as of the date hereof with the same force and effect as if made on and as of the
date hereof; (c) the continuing representations and warranties of Company set
forth in Section 6.20 of the Credit Agreement are true and correct as of the
date hereof with respect to the most recent financial statements furnished to
the Bank by Company in accordance with Section 7.1 of the Credit Agreement; and
(d) no Default or Event of Default has occurred and is continuing as of the date
hereof.

     5. Capitalized terms used but not defined herein shall have the meaning set
forth in the Credit Agreement.

     6. This Amended may be signed in counterparts.











     WITNESS the due execution hereof as of the day and year first above
written.

COMERICA BANK,                         OLYMPIC STEEL, INC.
as Agent


By: /s/                                By: /s/
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Its: /s/                               Its: /s/
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SWING LINE BANK:                       COMERICA BANK


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ISSUING BANK:                          COMERICA BANK


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BANKS:                                 COMERICA BANK


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