This study has been carried out on ultimate compressive strength of a cracked steel plate component, considering the effects of initial imperfections (transverse and longitudinal residual stresses and initial deflection, as well). The main objective of this paper is to numerically investigate the influence of crack location and crack length on ultimate strength of a steel plate under monotonic longitudinal compression. This investigation is performed through non-linear finite element (FE) analysis using ANSYS commercial finite element code in which is employed Newton-Raphson method. The FE results indicate that the length of transverse crack and especially its location can significantly affect the magnitude of ultimate strength where the steel plate is subjected to longitudinal compressive action.