SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (RULE 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ) Olympic Steel, Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------------------------------- (Title of Class of Securities) 681-62K-106 -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2001 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) (1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. Fifth Third Bank is the successor to Old Kent Bank. Fifth Third Financial Corporation is the successor to Old Kent Financial Corporation. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act. Page 1 of 6 pages CUSIP No. 681-62K-106 Schedule 13G Page 2 of 6 Pages (1) Names of Reporting Persons I.R.S. Identification No. of Above Persons (Entities Only) FIFTH THIRD BANCORP 31-0854434 (2) Check the Appropriate Box if a Member of a Group* (a) [ X] (b) [ ] (3) SEC Use Only (4) Citizenship or Place of Organization OHIO Number of Shares Beneficially Owned by Each Reporting Person With (5) Sole Voting Power 211,000 shares (6) Shared Voting Power 612,357 shares (7) Sole Dispositive Power 211,000 shares (8) Shared Dispositive Power 619,357 shares (9) Aggregate Amount Beneficially Owned by Each Reporting Person 830,357 (10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* [X] Fifth Third Bancorp, through fiduciary accounts held in its Fifth Third Bank subsidiary, Has neither voting power nor dispositive power with respect to 17,800 shares and are not deemed to be beneficially owned. (11) Percent of Class Represented by Amount in Row 9 8.6% (12) Type of Reporting Person* HC CUSIP No. 681-62K-106 Schedule 13G Page 3 of 6 Pages (1) Names of Reporting Persons I.R.S. Identification No. of Above Persons (Entities Only) FIFTH THIRD BANK 31-0676865 (2) Check the Appropriate Box if a Member of a Group* (a) [ X] (b) [ ] (3) SEC Use Only (4) Citizenship or Place of Organization OHIO Number of Shares Beneficially Owned by Each Reporting Person With (5) Sole Voting Power 211,000 shares (6) Shared Voting Power 612,357 shares (7) Sole Dispositive Power 211,000 shares (8) Shared Dispositive Power 619,357 shares (9) Aggregate Amount Beneficially Owned by Each Reporting Person 830,357 shares (10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* [X] Fifth Third Bank, through fiduciary accounts, has neither voting power nor dispositive power With respect to 17,800 shares and are not deemed to be beneficially owned. (11) Percent of Class Represented by Amount in Row 9 8.6% (12) Type of Reporting Person* BK Securities and Exchange Commission Schedule 13G Page 4 of 6 pages ITEM 1(A). NAME OF ISSUER: Olympic Steel, Inc. ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 5096 Richmond Road Bedford Heights, Ohio 44146 ITEM 2(A). NAME OF PERSON FILING: (1) Fifth Third Bancorp (2) Fifth Third Bank ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: (1) Fifth Third Center, Cincinnati, Ohio 45263 (2) Fifth Third Center, Cincinnati, Ohio 45263 ITEM 2(C). CITIZENSHIP: (1) Ohio (2) Ohio ITEM 2(D). TITLE OF CLASS OF SECURITIES: Common Stock ITEM 2(E). CUSIP NUMBER: 681-62K-106 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A: (a) Broker or dealer registered under Section 15 of the Act; X (b) Bank as defined in Section 3(a)(6) of the Act; (c) Insurance company as defined in Section 3(a)(19) of the Act; (d) Investment company registered under Section 8 of the Investment Company Act; (e) Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); X (g) Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Securities and Exchange Commission Schedule 13G Page 5 of 6 pages ITEM 4. OWNERSHIP. (a) Amount Beneficially Owned: 313,600 shares (b) Percent of Class: 7.0% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote 124,000 shares (ii) Shared power to vote or to direct the vote 186,600 shares (iii)Sole power to dispose or to direct the disposition of 124,000 shares (iv) Shared power to dispose or to direct the disposition of 189,600 shares ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not Applicable ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not Applicable ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Fifth Third Bank, is a subsidiary of Fifth Third Bancorp. ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not Applicable ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not Applicable Securities and Exchange Commission Schedule 13G Page 6 of 6 pages ITEM 10. CERTIFICATIONS. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 12, 2002 Fifth Third Bancorp By: /s/Neal E. Arnold Executive Vice President, CFO Fifth Third Bancorp February 12, 2002 Fifth Third Bank - By: /s/ Neal E. Arnold Executive Vice President, CFO Fifth Third Bank