Olympic Steel reported a net loss of $1.5 million for Q3 2020, compared to a net income of $0.6 million in Q3 2019. Sales decreased to $300 million from $384 million year-over-year, due to lower average selling prices and volumes. However, volumes steadily increased throughout the quarter, with September volumes approaching pre-COVID levels. The company's performance improved sequentially, driven by increased demand and successful execution of initiatives to improve inventory turns, lower expense run rates, and reduce debt.