Security Type

Security

Class Title

Fee

Calculation or

Carry

Forward Rule

Amount

Registered(1)

Proposed

Maximum

Offering

Price Per

Unit(1)(2)

Maximum Aggregate Offering Price(1)(3)

Fee Rate

Amount of

 Registration

Fee

Carry

Forward

Form Type

Carry

Forward

File

Number

Carry

Forward

Initial

Effective

Date

Filing Fee

Previously

Paid In

Connection

with

Unsold

Securities

to be

Carried

Forward

Newly Registered Securities

Fees to Be Paid

Equity

Common Stock, no par value (4)(11)

457(o)

—

—

—

—

—

Equity

Preferred Stock, no par value (5)(11)

457(o)

—

—

—

—

—

Equity

Depositary Shares (6)(11)

457(o)

—

—

—

—

—

Other

Warrants (7)(11)

457(o)

—

—

—

—

—

Other

Subscription Rights (8)(11)

457(o)

—

—

—

—

—

Debt

Debt Securities

(9)(11)

457(o)

—

—

—

—

—

Other

Units (10)(11)

457(o)

—

—

—

—

—

Unallocated (Universal)

Shelf

—

457(o)

—

—

$200,000,000(12)

$153.10 per $1,000,000

$30,620

Fees

Previously

Paid

—

—

—

—

—

—

—

Carry Forward Securities

Carry

Forward

Securities

—

—

—

—

—

—

—

—

—

Total Offering Amounts

$200,000,000

$30,620

Total Fees Previously Paid

—

Total Fee Offsets

$18,540

Net Fees Due

$12,080

Registrant

or Filer

Name

Form or

Filing

Type

File Number

Initial Filing

Date

Filing Date

Fee Offset Claimed

Security

Type

Associated

with Fee

Offset

Claimed

Security Title

Associated with

Fee Offset

Claimed

Unsold

Securities

Associated

with Fee

Offset

Claimed

Unsold

Aggregate

Offering

Amount

Associated

with Fee

Offset

Claimed

Fee Paid

with Fee

Offset

Source

Newly Registered Securities

Fee Offset

Claims

Olympic Steel, Inc.

S-3

333-265301(13)

May 27, 2022

$18,540

Unallocated (Universal) Shelf

—

—

$200,000,000

Fee Offset

Sources

Olympic Steel, Inc.

S-3

333-265301(13)

May 27, 2022

$18,540

(1)

Not specified as to each class of securities to be registered pursuant to Instructions 2.A.ii.b. and 2.A.iii.b. to the Calculation of Filing Fee Tables and Related Disclosure under Item 16(b) of Form S-3 under the Securities Act.

(2)

The proposed maximum offering price per unit will be determined from time to time by the registrant in connection with the issuance by the registrant of the securities registered hereunder.

(3)

Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(o).

(4)

Subject to note (12) below, there is being registered an indeterminate number of shares of common stock.

(5)

Subject to note (12) below, there is being registered an indeterminate number of shares of preferred stock.

(6)

Subject to note (12) below, there is being registered an indeterminate number of depositary shares to be evidenced by depositary receipts issued pursuant to a deposit agreement. If the registrant elects to offer to the public fractional interests in preferred shares, then depositary receipts will be distributed to those persons purchasing the fractional interests and the shares will be issued to the depositary under the deposit agreement.

(7)

Subject to note (12) below, there is being registered hereunder an indeterminate amount and number of warrants. The warrants may represent the right to purchase common shares, preferred shares or debt securities.

(8)

Subject to note (12) below, there is being registered an indeterminate number of subscription rights that may represent a right to purchase shares of common stock, shares of preferred stock or debt securities.

(9)

Subject to note (12) below, there is being registered an indeterminate principal amount of debt securities.

(10)

Subject to note (12) below, there is being registered an indeterminate number of units. Each unit will be issued under a unit agreement and will represent an interest in a combination of one or more of the securities registered hereunder.

(11)

Subject to note (12) below, this registration statement also covers an indeterminate amount of securities as may be issued in exchange for, or upon conversion or exercise of, as the case may be, the preferred stock, depositary shares, warrants or subscription rights registered hereunder. Any securities registered hereunder may be sold separately or as units with other securities registered hereunder. No separate consideration will be received for any securities registered hereunder that are issued in exchange for, or upon conversion of, as the case may be, the preferred stock, depositary shares, warrants or subscription rights.

(12)

In no event will the aggregate initial offering price of all securities issued from time to time pursuant to the prospectus contained in this registration statement exceed $200,000,000 or the equivalent thereof in one or more foreign currencies or foreign currency units. Such amount represents the offering price of any common stock, preferred stock and depositary shares, the principal amount of any debt securities issued at their stated principal amount, the issue price rather than the principal amount of any debt securities issued at an original issue discount, the issue price of any warrants, the exercise price of any securities issuable upon the exercise of warrants and the issue price of any securities issuable upon the exercise of subscription rights. The aggregate principal amount of debt securities may be increased if any debt securities are issued at an original issue discount by an amount such that the offering price to be received by the registrant shall be equal to the above amount to be registered. Any offering of securities denominated other than in United States dollars will be treated as the equivalent of United States dollars based on the exchange rate applicable to the purchase of such securities at the time of initial offering. The securities registered hereunder may be sold separately or as units with other securities registered hereunder.

(13)

Pursuant to Rule 457(p) under the Securities Act, the amount of the registration fee payable hereunder has been partially offset by the previously paid filing fee of $18,540 related to the securities with an aggregate initial offering price of $200,000,000 that were previously registered by Olympic Steel, Inc. (the “Company”) on the registration statement on Form S-3 filed with the Securities and Exchange Commission on May 27, 2022 (Commission File No. 333-265301) and not sold thereunder. The Company is filing this registration statement on Form S-3 to replace its previously filed registration statement on Form S-3 (Commission File No. 333-265301). The filing of this registration statement will be deemed to terminate such prior registration statement.