Olympic Steel (ZEUS) 10-K 21 Feb 25 2024 FY Annual report Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2024	Feb. 21, 2025 shares	Jun. 28, 2024 USD ($)
Document Information [Line Items]
Entity Central Index Key	0000917470
Entity Registrant Name	OLYMPIC STEEL INC
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Document Transition Report	false
Entity File Number	0-23320
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-1245650
Entity Address, Address Line One	22901 Millcreek Boulevard, Suite 650
Entity Address, City or Town	Highland Hills
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44122
City Area Code	216
Local Phone Number	292-3800
Title of 12(b) Security	Common stock, without par value
Trading Symbol	ZEUS
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float | $			$ 438,923,312
Entity Common Stock, Shares Outstanding | shares		11,135,890
Auditor Firm ID	248
Auditor Name	GRANT THORNTON LLP
Auditor Location	Cleveland, Ohio
Entity Number of Employees	229

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net sales	$ 1,941,672	$ 2,158,163	$ 2,559,990
Costs and expenses
Cost of materials sold (excludes items shown separately below)	1,490,491	1,684,663	2,073,930
Warehouse and processing	128,770	122,212	104,668
Administrative and general	113,044	122,239	114,004
Distribution	67,467	66,979	60,529
Selling	46,643	41,436	40,174
Occupancy	17,268	16,520	13,200
Depreciation	24,548	21,545	17,285
Amortization	5,582	4,898	2,453
Total costs and expenses	1,893,813	2,080,492	2,426,243
Operating income	47,859	77,671	133,747
Other loss, net	93	78	45
Income before interest and income taxes	47,766	77,593	133,702
Interest and other expense on debt	16,461	16,006	10,080
Income before income taxes	31,305	61,587	123,622
Income tax provision	8,325	17,058	32,691
Net income	22,980	44,529	90,931
Gain (loss) on cash flow hedges	199	(1,693)	4,409
Tax effect of hedges	(50)	423	(1,102)
Total comprehensive income	$ 23,129	$ 43,259	$ 94,238
Net income per share - basic (in dollars per share)	$ 1.97	$ 3.85	$ 7.87
Weighted average shares outstanding - basic (in shares)	11,677	11,573	11,551
Net income per share - diluted (in dollars per share)	$ 1.97	$ 3.85	$ 7.87
Weighted average shares outstanding - diluted (in shares)	11,677	11,578	11,559
Dividends declared per share of common stock (in dollars per share)	$ 0.6	$ 0.5	$ 0.36

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 11,912	$ 13,224
Accounts receivable, net	166,149	191,149
Inventories, net	390,626	386,535
Prepaid expenses and other	11,904	12,261
Total current assets	580,591	603,169
Property and equipment, at cost	519,702	483,448
Accumulated depreciation	(315,866)	(297,340)
Net property and equipment	203,836	186,108
Goodwill	83,818	52,091
Intangible assets, net	118,111	92,621
Other long-term assets	21,204	16,466
Right-of use assets, net	36,936	34,380
Total assets	1,044,496	984,835
Liabilities
Accounts payable	80,743	119,718
Accrued payroll	24,184	30,113
Other accrued liabilities	21,846	22,593
Current portion of lease liabilities	5,865	7,813
Total current liabilities	132,638	180,237
Credit facility revolver	272,456	190,198
Other long-term liabilities	22,484	20,151
Deferred income taxes	11,049	11,510
Lease liabilities	31,945	27,261
Total liabilities	470,572	429,357
Commitments and contingencies (Note 14)
Shareholders' Equity
Preferred stock, without par value, 5,000 shares authorized, no shares issued or outstanding	0	0
Common stock, without par value, 20,000 shares authorized; 11,136 and 11,133 issued; 11,136 and 11,133 shares outstanding	138,538	136,541
Accumulated other comprehensive income	190	41
Retained earnings	435,196	418,896
Total shareholders' equity	573,924	555,478
Total liabilities and shareholders' equity	$ 1,044,496	$ 984,835

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) shares in Thousands, $ / shares in Thousands, $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Inventories, LIFO reserves	$ 6,341	$ 12,043
Preferred Stock, par value (in dollars per share)	$ 0	$ 0
Preferred Stock, shares authorized (in shares)	5,000	5,000
Preferred Stock, shares issued (in shares)	0	0
Preferred Stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	20,000	20,000
Common stock, shares issued (in shares)	11,136	11,133
Common stock, shares outstanding (in shares)	11,136	11,133

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net income	$ 22,980	$ 44,529	$ 90,931
Adjustments to reconcile net income to net cash from (used for) operating activities -
Depreciation and amortization	30,913	27,176	20,206
Loss (gain) on disposition of property and equipment	199	(133)	(2,185)
Stock-based compensation	1,997	1,817	1,297
Other long-term assets	(7,922)	(1,257)	1,304
Deferred income taxes and other long-term liabilities	5,747	8,950	235
Net Cash Provided by (Used in) Operating Activities, Excluding Changes in Working Capital	53,914	81,082	111,788
Changes in working capital:
Accounts receivable	27,166	44,576	64,781
Inventories	(640)	51,538	68,098
Prepaid expenses and other	357	(2,324)	792
Accounts payable	(39,567)	10,568	(52,274)
Change in outstanding checks	429	1,576	5,071
Accrued payroll and other accrued liabilities	(7,980)	(11,857)	(12,403)
Increase (Decrease) in Operating Capital	(20,235)	94,077	74,065
Net cash from operating activities	33,679	175,159	185,853
Cash flows from (used for) investing activities:
Acquisitions	(80,000)	(169,768)	0
Capital expenditures	(29,487)	(21,326)	(19,854)
Proceeds from disposition of property and equipment	61	251	3,293
Net cash used for investing activities	(109,426)	(190,843)	(16,561)
Cash flows from (used for) financing activities:
Credit facility revolver borrowings	681,852	743,030	685,269
Credit facility revolver repayments	(599,594)	(718,490)	(847,375)
Principal payments under finance lease obligation	(990)	(1,039)	(703)
Credit facility fees and expenses	(153)	(1,216)	(100)
Dividends paid	(6,680)	(5,566)	(4,006)
Net cash from (used for) financing activities	74,435	16,719	(166,915)
Cash and cash equivalents:
Net change	(1,312)	1,035	2,377
Beginning balance	13,224	12,189	9,812
Ending balance	11,912	13,224	12,189
Interest paid	15,273	14,965	9,635
Income taxes paid	$ 10,045	$ 13,603	$ 33,404

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2021	$ 133,427	$ (1,996)	$ 293,008	$ 424,439
Net income	0	0	90,931	90,931
Payment of dividends	0	0	(4,006)	(4,006)
Stock-based compensation	1,297	0	0	1,297
Change in fair value of hedges	0	3,307	0	3,307
Change in fair value of hedges	0	(3,307)	0	(3,307)
Balance at Dec. 31, 2022	134,724	1,311	379,933	515,968
Net income	0	0	44,529	44,529
Payment of dividends	0	0	(5,566)	(5,566)
Stock-based compensation	1,817	0	0	1,817
Change in fair value of hedges	0	(1,270)	0	(1,270)
Change in fair value of hedges	0	1,270	0	1,270
Balance at Dec. 31, 2023	136,541	41	418,896	555,478
Net income	0	0	22,980	22,980
Payment of dividends	0	0	(6,680)	(6,680)
Stock-based compensation	1,997	0	0	1,997
Change in fair value of hedges	0	(149)	0	(149)
Change in fair value of hedges	0	149	0	149
Balance at Dec. 31, 2024	$ 138,538	$ 190	$ 435,196	$ 573,924

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. Summary of Significant Accounting Policies : Nature of Business The Company operates in reportable segments: specialty metals flat products, carbon flat products, and tubular and pipe products. The specialty metals flat products segment and the carbon flat products segment are at times consolidated and referred to as the flat products segments. Certain of the flat products segments’ assets and resources are shared by the specialty metals and carbon flat products segments, and both segments’ products are stored in the shared facilities and, in some locations, processed on shared equipment. As such, total assets and capital expenditures are reported in the aggregate for the flat products segment. Due to the shared assets and resources, certain of the flat products segment expenses are allocated between the specialty metals flat products segment and the carbon flat products segment based upon an established allocation methodology. The Company is a leading metals service center focused on the direct sale and value-added processing of carbon and coated steel, plate and coil products; stainless steel sheet, plate, bar and coil; aluminum sheet, plate and coil; pipe, tube bar, valves and fittings, tin plate and metal-intensive end-use products. The specialty metals flat products segment sells and distributes processed aluminum and stainless flat-rolled sheet and coil products, flat bar products, prime tin mill products and fabricated parts. Through acquisitions, the specialty metals flat products segment has expanded its geographic footprint and enhanced its product offerings in stainless steel and aluminum plate, sheet, angles, rounds, flat bar, tubing and pipe, stainless steel bollards and water treatment systems. The carbon flat products segment sells and distributes large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts. Through acquisitions, our carbon flat products segment has expanded its product offerings to include self-dumping metal hoppers and steel and stainless-steel dump inserts for pickup truck and service truck beds. Through the acquisition of Metal-Fab, Inc. (Metal-Fab) on January 3, 2023, November 11, 2024 , the carbon flat products segment further expanded its product offerings to include the manufacture of service station canopies, deck clips, long gutters, trim and boat docks, as well as solar canopy and ground racking components. The tubular and pipe product segment distributes metal tubing, pipe, bar, valves and fittings and the fabrication of parts, tube and bar products, including round, square, rectangular and special shaped tubes supplied to various industrial markets. Through the acquisition of Central Tube and Bar, Inc. (CTB) on October 2, 2023, Corporate expenses are reported as a separate line item for segment reporting purposes. Corporate expenses include the unallocated expenses related to managing the entire Company (i.e., all three segments), including payroll expenses for certain personnel, expenses related to being a publicly traded entity such as board of directors’ expenses, audit expenses, and various other professional fees. Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements have been prepared from the financial records of Olympic Steel, Inc. and its wholly-owned subsidiaries (collectively, Olympic or the Company), after elimination of intercompany accounts and transactions. Accounting Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Concentration Risks The Company is a major customer of flat-rolled coil and plate and tubular and pipe steel for many of its principal suppliers, but is not one three 2024 2023 2022 The Company has a diversified customer and geographic base, which reduces the inherent risk and cyclicality of its business. The concentration of net sales to the Company’s top 20 , and of consolidated net sales in 2024 , 2023 and 2022 , respectively. In addition, the Company’s largest customer accounted for approximately of consolidated net sales in each of 2024 , 2023 and 2022 . Sales to industrial machinery and equipment manufacturers and their fabricators accounted for , and of consolidated net sales in 2024 , 2023 and 2022 , respectively. Cash and Cash Equivalents Cash equivalents consist of short-term highly liquid investments, with a three may not not Fair Market Value Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the liability in an orderly transaction between market participants on the measurement date. Valuation techniques must maximize the use of observable inputs and minimize the use of unobservable inputs. To measure fair value, the Company applies a fair value hierarchy that is based on three first two Level 1 Level 2 1 not Level 3 no Financial instruments, such as cash and cash equivalents, accounts receivable, accounts payable and the credit facility, are stated at their carrying value, which is a reasonable estimate of fair value. The fair value of marketable securities is based on quoted market prices. Allowance for Credit Losses The Company’s allowance for credit losses is maintained at a level considered appropriate based on historical experience and specific customer collection issues that the Company has identified. Estimations are based upon the application of a historical collection rate to the outstanding accounts receivable balance, which remains fairly level from year to year, and judgments about the probable effects of economic conditions on certain customers, which can fluctuate significantly from year to year. The Company cannot guarantee that the rate of future credit losses will be similar to past experience. The Company considers all available information when assessing the adequacy of the allowance for credit losses each quarter. Inventory Valuation Non-LIFO inventories are stated at the lower of its cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. LIFO inventories are stated at the lower of cost or market. Market is the estimated selling price in the ordinary course of business, less reasonable predictable costs of completion. Inventory costs include the costs of the purchased metals, inbound freight, external and internal processing and applicable labor and overhead costs. Substantially all of the costs of the Company’s specialty metals and carbon flat products segments’ inventories, including flat-rolled sheet, coil and plate products are determined using the specific identification method. Certain of the Company’s tubular and pipe products inventory is stated under the LIFO method. At December 31, 2024 and December 31, 2023 , approximately million, or of consolidated inventory, and million, or of consolidated inventory, respectively, was reported under the LIFO method of accounting. The cost of the remainder of tubular and pipe product segment’s inventory is determined using a weighted average rolling first first On the Consolidated Statements of Comprehensive Income, “Cost of materials sold (exclusive of items shown separately below)” consists of the cost of purchased metals, inbound and internal transfer freight, external processing costs, and LIFO income or expense. Property and Equipment, and Depreciation Property and equipment are stated at cost. Depreciation is provided using the straight-line method over the estimated useful lives of the assets ranging from two to years. The Company capitalizes the costs of obtaining or developing internal-use software, including directly related payroll costs. The Company amortizes those costs over five years, beginning when the software is ready for its intended use. Intangible Assets and Recoverability of Long-lived Assets The Company performs an annual impairment test of indefinite-lived intangible assets in the fourth If a quantitative fair value measurement is used, the fair value of each indefinite-lived intangible asset is compared to its carrying value and an impairment charge is recorded if the carrying value exceeds the fair value. The Company estimates the fair value of indefinite-lived intangible assets using a discounted cash flow methodology. Management’s assumptions used for the calculations are based on historical results, projected financial information and recent economic events. Actual results could differ from these estimates under different assumptions or conditions, which could adversely affect the reported value of intangible assets. The Company evaluates the recoverability of long-lived assets and the related estimated remaining lives whenever events or changes in circumstances indicate that the carrying value may not may not Income Taxes The Company records, as an offset to the estimated effect of temporary differences between the tax basis of assets and liabilities and the reported amounts in its consolidated balance sheets, the tax effect of operating loss and tax credit carryforwards. If the Company determines that it will not The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not not 50 The Company had no December 31, 2024 . The Company expects no one December 31, 2024 . Revenue Recognition The Company's contracts with customers are comprised of purchase orders with standard terms and conditions. Occasionally, the Company may Transfer of control is assessed based on the use of the product distributed and rights to payment for performance under the contract terms. Transfer of control and revenue recognition for substantially all of the Company’s sales occur upon shipment or delivery of the product, which is when title, ownership and risk of loss pass to the customer and is based on the applicable shipping terms. The shipping terms depend on the customer contract. An invoice for payment is issued at time of shipment and terms are generally net 30 days. Sales returns and allowances are treated as reductions to sales and are provided for based on historical experience and current estimates and are immaterial to the consolidated financial statements. Shipping and Handling Fees and Costs Amounts charged to customers for shipping and other transportation services are included in net sales. The distribution expense line on the accompanying Consolidated Statements of Comprehensive Income is entirely comprised of all shipping and other transportation costs incurred by the Company in shipping goods to its customers. Stock-Based Compensation The Company records compensation expense for stock awards issued to employees and directors. For additional information, see Note 12, Impact of Recently Issued Accounting Pronouncements In November 2024, No. 2024 03, 220 December 15, 2026 December 15, 2027, In December 2023, No. 2023 09, 740 December 15, 2024 not not 10 In November 2023, No. 2023 07, 280 not 280, December 15, 2023 December 15, 2024, 10 not In March 2020 , the FASB issued ASU No. 2020 04, 848 December 2022 , the FASB issued ASU No. 2022 06, 848,” December 31, 2024 . We adopted this ASU in the first 2023 for the modification of the asset-based credit facility (the ABL Credit Facility) and the corresponding interest rate hedge. The adoption of the standard did not

Note 2 - Acquisitions

Note 2 - Acquisitions	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Business Combination Disclosure [Text Block]	2. Acquisitions On November 11, 2024 , the Company acquired substantially all of the net assets of Metal Works for a cash purchase price of million. Metal Works, headquartered in Oakwood, Georgia, is a manufacturer of service station canopies and the business also manufactures deck clips, long gutters, trim and boat docks, as well as solar canopy and ground racking components. During 2024 , the Company incurred million of direct acquisition-related costs, which are included in "Administrative and general" in the Consolidated Statements of Comprehensive Income. On October 2, 2023 , the Company acquired all membership interest of CTB . CTB, headquartered in Conway, Arkansas, is a fabricator of tube and bar products which services the transportation, agricultural, commercial furniture and data center construction industries. The Company paid total cash consideration of million, consisting of a base purchase price of million and a working capital adjustment of million. During 2023 , the Company incurred million of direct acquisition-related costs, which are included in "Administrative and general" in the Consolidated Statements of Comprehensive Income. On January 3, 2023 , the Company acquired all the outstanding shares of capital stock of Metal-Fab . Metal-Fab, headquartered in Wichita, Kansas, is a manufacturer of venting, micro air and clean air products for residential and industrial applications. The Company paid total cash consideration of million, consisting of a base purchase price of million and a cash adjustment of million. During 2023 , the Company incurred million of direct acquisition-related costs, which are included in "Administrative and general" in the Consolidated Statements of Comprehensive Income, and million of non-recurring amortization of inventory fair market value adjustments, which are included in "Cost of materials sold" in the Consolidated Statements of Comprehensive Income. Each acquisition was funded with borrowings under the ABL Credit Facility. Purchase Price Allocation The acquisitions were accounted for as business combinations and the assets and liabilities were valued at fair market value on the date of acquisition. The final purchase price allocations presented below are based upon management’s estimate of the fair value of the acquired assets and assumed liabilities using Level 3 not Details of Acquisition (in thousands) Metal Works As of November 11, 2024 CTB As of October 2, 2023 Metal-Fab As of January 3, 2023 Assets acquired Cash and cash equivalents $ - $ - $ 1,728 Accounts receivable, net 2,166 5,339 10,597 Prepaid expenses and other 2 - 740 Inventories, net 3,451 3,906 17,236 Property and equipment 13,662 16,193 20,408 Goodwill 31,727 8,401 33,194 Intangible assets 29,890 9,590 54,740 Right-of-use and other long-term assets - 917 6,930 Total assets acquired 80,898 44,346 145,573 Total liabilities assumed (898 ) (4,054 ) (14,369 ) Cash paid $ 80,000 $ 40,292 $ 131,204 The accompanying Consolidated Statements of Comprehensive Income include the revenues and expenses of Metal Works, CTB and Metal-Fab since November 11, 2024 , October 2, 2023 and January 3, 2023 , respectively. Metal Work's and Metal-Fab's operations are included within the carbon flat-rolled segment and CTB's operations are included within the tubular and pipe segment. The combined net sales for the 2024 and 2023 acquisitions totaled million and million, respectively. In connection with the acquisition of Metal Works, the Company identified and valued certain intangible assets, including the Metal Works trade name, internally developed technology and know-how, restrictive covenants and customer relationships. The intangible assets were valued on the premise of highest and best use to a market participant, primarily utilizing the income approach valuation methodology. The trade name intangible asset was valued at million, and the useful life was determined to be indefinite primarily due to their history, reputation in the marketplace, the Company's expectation that the trade name will continue to be used, and the conclusion that there are currently no million, and the useful life was determined to be years. The non-compete agreements intangible assets were valued at million, and the useful life was determined to be the length of the non-compete agreements, or five years. The customer relationships intangible assets were valued at million, and the useful life was determined to be years, based primarily on the consistent and predictable revenue source associated with the existing customer base, the present value of which extends through the year amortization period. In connection with the acquisition of CTB, the Company identified and valued certain intangible assets, including the CTB trade name, internally developed technology and know-how, restrictive covenants and customer relationships. The intangible assets were valued on the premise of highest and best use to a market participant, primarily utilizing the income approach valuation methodology. The trade name intangible asset was valued at million, and the useful life was determined to be indefinite primarily due to their history, reputation in the marketplace, the Company's expectation that the trade name will continue to be used, and the conclusion that there are currently no million, and the useful life was determined to be years. The non-compete agreements intangible asset was valued at million, and the useful life was determined to be the length of the non-compete agreements, or five years. The customer relationships intangible asset was valued at million, and the useful life was determined to be years, based primarily on the consistent and predictable revenue source associated with the existing customer base, the present value of which extends through the 10 year amortization period. In connection with the acquisition of Metal-Fab, the Company identified and valued certain intangible assets, including the Metal-Fab trade name, internally developed technology and know-how, restrictive covenants and customer relationships. The intangible assets were valued on the premise of highest and best use to a market participant, primarily utilizing the income approach valuation methodology. The trade name intangible asset was valued at million, and the useful life was determined to be indefinite primarily due to their history and reputation in the marketplace, the Company's expectation that the trade name will continue to be used, and the conclusion that there are currently no million, and the useful life was determined to be years. The non-compete agreements intangible asset was valued at million, and the useful life was determined to be the length of the non-compete agreements, which range from two to five years. The customer relationships intangible asset was valued at million, and the useful life was determined to be years, based primarily on the consistent and predictable revenue source associated with the existing customer base, the present value of which extends through the year amortization period. Pro Forma Financial Information The following pro forma summary of financial results presents the consolidated results of operations as if the Metal-Fab acquisition had occurred on January 1, 2022 , after the effect of certain adjustments. The historical consolidated financial information has been adjusted to give effect of the impact of the consideration issued by the Company to Metal-Fab's stockholders in connection with the acquisition and the effect of debt refinancing necessary to complete the transaction. The pro forma summary also includes certain purchase price accounting adjustments, including the items expected to have a continuing impact on combined results, such as depreciation and amortization expense on acquired assets. The pro forma combined financial information does not may may The pro forma results have been presented for comparative purposed only and are not January 1, 2022 , or of any potential results that may not For the twelve months ended December 31, 2022 Historical OSI Historical Metal-Fab Pro Forma Adjustments Pro Forma Combined (in thousands, except per share amounts) Pro forma: Net sales $ 2,559,990 $ 95,528 $ 736 $ 2,656,254 Net income (loss) 90,931 16,538 (12,850 ) 94,619 Basic earnings per share 7.87 1.43 (1.11 ) 8.19 Diluted earnings per share 7.87 1.43 (1.11 ) 8.19

Note 3 - Revenue Recognition

Note 3 - Revenue Recognition	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	3. Revenue Recognition The Company provides metals processing, distribution and delivery of large volumes of processed carbon, coated flat-rolled sheet, coil and plate products, aluminum, and stainless flat-rolled products, prime tin mill products, flat bar products, metal tubing, pipe, bar, valves, fittings, fabricated parts and metal-intensive end-use products. The Company's contracts with customers are comprised of purchase orders with standard terms and conditions. Occasionally the Company may Transfer of control is assessed based on the use of the product distributed and rights to payment for performance under the contract terms. Transfer of control and revenue recognition for substantially all of the Company’s sales occur upon shipment or delivery of the product, which is when title, ownership and risk of loss pass to the customer and is based on the applicable shipping terms. The shipping terms depend on the customer contract. An invoice for payment is issued at time of shipment and terms are generally net 30 days. Within the metals industry, revenue is frequently disaggregated by products sold. The tables below disaggregates the Company’s revenues by segment and products sold for the year ended December 31, 2024 , 2023 and 2022 , respectively. Disaggregated Revenue by Products Sold For the Twelve Months Ended December 31, 2024 Carbon flat products Specialty metals flat products Tubular and pipe products Total Hot Rolled 28.0 % - - 28.0 % Plate 11.2 % - - 11.2 % Cold Rolled 4.3 % - - 4.3 % Coated 12.4 % - - 12.4 % Specialty - 25.6 % - 25.6 % Pipe & Tube - - 17.3 % 17.3 % Other 1.2 % - - 1.2 % Total 57.1 % 25.6 % 17.3 % 100.0 % Disaggregated Revenue by Products Sold For the Twelve Months Ended December 31, 2023 Carbon flat products Specialty metals flat products Tubular and pipe products Total Hot Rolled 28.8 % - - 28.8 % Plate 12.9 % - - 12.9 % Cold Rolled 4.0 % - - 4.0 % Coated 10.3 % - - 10.3 % Specialty - 26.3 % - 26.3 % Pipe & Tube - - 17.1 % 17.1 % Other 0.6 % - - 0.6 % Total 56.6 % 26.3 % 17.1 % 100.0 % Disaggregated Revenue by Products Sold For the Twelve Months Ended December 31, 2022 Carbon flat products Specialty metals flat products Tubular and pipe products Total Hot Rolled 29.8 % - - 29.8 % Plate 13.3 % - - 13.3 % Cold Rolled 4.7 % - - 4.7 % Coated 4.5 % - - 4.5 % Specialty - 30.3 % - 30.3 % Pipe & Tube - - 16.7 % 16.7 % Other 0.7 % 0.0 % - 0.7 % Total 53.0 % 30.3 % 16.7 % 100.0 %

Note 4 - Accounts Receivable

Note 4 - Accounts Receivable	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Financing Receivables [Text Block]	4. Accounts Receivable: Accounts receivable are presented net of allowances for credit losses and unissued credits of million and million as of December 31, 2024 and 2023 , respectively. Credit loss expense totaled million and million in 2024 and 2022 respectively, and credit loss income totaled million in 2023 . The allowance for credit losses is maintained at a level considered appropriate based on historical experience, specific customer collection issues that have been identified, current market conditions and estimates for supportable forecasts when appropriate. Estimations are based upon a calculated percentage of accounts receivable, which remains fairly level from year to year, and judgments about the probable effects of economic conditions on certain customers, which can fluctuate significantly from year to year. The Company cannot guarantee that the rate of future credit losses will be similar to past experience. The Company considers all available information when assessing the adequacy of its allowance for credit losses and unissued credits.

Note 5 - Inventories

Note 5 - Inventories	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]	5. Inventories : Inventories consisted of the following: As of December 31, (in thousands) 2024 2023 Unprocessed $ 273,668 $ 282,565 Processed and finished 116,958 103,970 Total $ 390,626 $ 386,535 At December 31, 2024 and December 31, 2023 , approximately million, or of consolidated inventory, and , or of consolidated inventory, respectively, was reported under the LIFO method of accounting. During 2024 , the Company recorded million of LIFO income as a result of decreased metals pricing during 2024 . The LIFO income increased the Company’s inventory balance and decreased its cost of materials sold. During 2023 , the Company recorded million of LIFO income as a result of decreased metals pricing during 2023 . The LIFO income increased the Company’s inventory balance and decreased its cost of materials sold. The Company's tubular and pipe inventory quantities were reduced during 2024 and 2023 , resulting in a liquidation of LIFO inventory layers (a LIFO decrement). A LIFO decrement results in the erosion of layers created in earlier years, and, therefore, a LIFO layer is not December 31, 2024 and 2023 , the effect of the LIFO decrement impacted cost of materials sold by an immaterial amount. If the FIFO method had been in use, inventories would have been million and million higher than reported at December 31, 2024 and 2023 , respectively.

Note 6 - Property and Equipment

Note 6 - Property and Equipment	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	6. Property and Equipment: Property and equipment consists of the following: (in thousands) Depreciable Lives December 31, 2024 December 31, 2023 Land - $ 18,161 $ 16,676 Land improvements 5 - 10 4,825 4,685 Buildings and improvements 7 - 30 164,545 158,335 Machinery and equipment 2 - 15 275,006 254,777 Furniture and fixtures 3 - 7 6,932 6,849 Computer software and equipment 2 - 5 26,770 26,787 Vehicles 2 - 5 5,688 5,112 Financing lease - 4,812 5,686 Construction in progress - 12,963 4,541 519,702 483,448 Less accumulated depreciation and accumulated amortization of financing leases (315,866 ) (297,340 ) Net property and equipment $ 203,836 $ 186,108 Leasehold improvements are included with buildings and improvements and are depreciated over the life of the lease or seven years, whichever is less. Construction in progress as of December 31, 2024 and 2023 primarily consisted of payments for additional processing equipment, equipment and building upgrades to our existing facilities that were not

Note 7 - Goodwill and Intangibl

Note 7 - Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	7. Goodwill and Intangible Assets : The Company’s intangible assets were recorded in connection with its acquisitions of Metal Works in 2024 , CTB and Metal-Fab in 2023 , Shaw Stainless & Alloy, Inc. in 2021 , Action Stainless & Alloys, Inc. in 2020 , EZ Dumper® hydraulic dump inserts and McCullough Industries in 2019 , Berlin Metals, LLC in 2018 and Chicago Tube and Iron (CTI) in 2011 . The intangible assets were evaluated on the premise of highest and best use to a market participant, primarily utilizing the income approach valuation methodology. Goodwill, by reportable unit, was as follows as of December 31, 2024 and December 31, 2023 , respectively. The goodwill is deductible for tax purposes. (in thousands) Carbon Flat Products Specialty Metals Flat Products Tubular and Pipe Products Total Balance as of December 31, 2022 1,065 9,431 - 10,496 Acquisitions 33,194 - 8,401 41,595 Impairments - - - - Balance as of December 31, 2023 $ 34,259 $ 9,431 $ 8,401 $ 52,091 Acquisitions 31,727 - - 31,727 Impairments - - - - Balance as of December 31, 2024 $ 65,986 $ 9,431 $ 8,401 $ 83,818 Intangible assets, net, consisted of the following as of December 31, 2024 and 2023 , respectively: As of Balance at December 31, 2024 (in thousands) Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Customer relationships - subject to amortization $ 84,459 $ (18,513 ) $ 65,946 Covenant not to compete - subject to amortization 3,229 (1,110 ) 2,119 Technology and know-how - subject to amortization 8,900 (922 ) 7,978 Trade name - not subject to amortization 42,068 - 42,068 $ 138,656 $ (20,545 ) $ 118,111 As of December 31, 2023 (in thousands) Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Customer relationships - subject to amortization $ 62,559 $ (15,084 ) $ 47,475 Covenant not to compete - subject to amortization 2,339 (679 ) 1,660 Technology and know-how - subject to amortization 7,000 (382 ) 6,618 Trade name - not subject to amortization 36,868 - 36,868 $ 108,766 $ (16,145 ) $ 92,621 The useful life of the customer relationships was determined to be ten to 26 years, based primarily on the consistent and predictable revenue source associated with the existing customer base, the present value of which extends through the amortization period. The useful life of the non-compete agreements was determined to be the length of the non-compete agreements, which range from two to five years. The useful life of the technology and know-how was determined to be to 15 years. The useful life of the trade names was determined to be indefinite primarily due to their history and reputation in the marketplace, the Company’s expectation that the trade names will continue to be used, and the conclusion that there are currently no During 2024 , a qualitative test was performed for goodwill and the other indefinitely lived intangible assets and no indication of impairment was identified. During 2023 , a quantitative test was performed for goodwill and the other indefinitely lived intangible assets and no The Company estimates that amortization expense for its intangible assets subject to amortization will be approximately million per year for the next year, million for the next year, million for the next year, million for the next year, million for the next year and then million per year thereafter.

Note 8 - Leases

Note 8 - Leases	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	8. Leases : The Company leases warehouses and office space, industrial equipment, office equipment, vehicles, industrial gas tanks and forklifts from other parties. The Company determines if a contract contains a lease when the contract conveys the right to control the use of identified assets for a period of time in exchange for consideration. Upon identification and commencement of a lease, the Company establishes a right-of-use (ROU) asset and a lease liability. Operating leases are included in ROU assets, current portion of lease liabilities, and lease liabilities on the accompanying Consolidated Balance Sheets. Financing leases are included in property and equipment, other accrued liabilities and other long-term liabilities. The Company has remaining lease terms ranging from one year to years, some of these include options to renew the lease for up to five years. The total lease term is determined by considering the initial term per the lease agreement, which is adjusted to include any renewal options that the Company is reasonably certain to exercise as well as any period that the Company has control over the space before the stated initial term of the agreement. If the Company determines a reasonable certainty of exercising termination or early buyout options, then the lease terms are adjusted to account for these facts. The Company leases one one million. The lease expires on December 31, 2028 with two five -year renewal options. ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of the leases do not The components of lease expense were as follows for the years ended December 31, 2024 , 2023 and 2022 : (in thousands) 2024 2023 2022 Operating lease cost $ 8,106 $ 9,008 $ 7,446 Finance lease cost Amortization 992 1,056 720 Interest on lease liabilities 156 157 67 $ 1,148 $ 1,213 $ 787 Supplemental cash flow information related to leases was as follows for the years ended December 31, 2024 , 2023 and 2022 : (in thousands) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,705 $ 8,901 $ 7,268 Operating cash flows from finance leases 156 157 67 Financing cash flows from finance leases 990 1,039 703 Total cash paid for amounts included in the measurement of lease liabilities $ 8,851 $ 10,097 $ 8,038 Supplemental balance sheet information related to leases was as follows: (in thousands) 2024 2023 Operating leases Operating lease $ 54,337 $ 56,117 Operating lease accumulated amortization (17,401 ) (21,737 ) Operating lease right of use asset, net $ 36,936 $ 34,380 Operating lease current liabilities 5,865 7,813 Operating lease liabilities 31,945 27,261 $ 37,810 $ 35,074 (in thousands) 2024 2023 Finance leases Finance lease $ 4,812 $ 5,686 Finance lease accumulated depreciation (2,354 ) (2,615 ) Finance lease right of use asset, net $ 2,458 $ 3,071 Finance lease current liabilities 853 1,087 Finance lease liabilities 1,697 2,106 $ 2,550 $ 3,193 Weighted average remaining lease term (in years) 2024 2023 Operating leases 9 6 Finance leases 4 4 Weighted average discount rate Operating leases 5.76 % 4.07 % Finance leases 5.89 % 5.06 % Maturities of lease liabilities were as follows: (in thousands) Operating Lease Finance Lease Year Ending December 31, 2025 $ 7,859 $ 976 2026 7,441 713 2027 6,191 600 2028 4,984 427 2029 3,904 97 Thereafter 20,718 8 Total future minimum lease payments $ 51,097 $ 2,821 Less remaining imputed interest (13,287 ) (271 ) Total $ 37,810 $ 2,550

Note 9 - Debt

Note 9 - Debt	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	9. Debt: The Company’s debt is comprised of the following components: As of December 31, (in thousands) 2024 2023 Asset-based revolving credit facility due June 16, 2026 $ 272,456 $ 190,198 Total debt 272,456 190,198 Less current amount - - Total long-term debt $ 272,456 $ 190,198 The Company’s ABL Credit Facility is collateralized by the Company’s accounts receivable, inventory, personal property and certain real estate. The million ABL Credit Facility consists of: (i) a revolving credit facility of up to million, including a million sub-limit for letters of credit, and (ii) a first million. Under the terms of the ABL Credit Facility, the Company may, million to the extent that existing or new lenders agree to provide such additional commitments, and add real estate as collateral at the Company’s discretion. The ABL Credit Facility matures on June 16, 2026 . The ABL Credit Facility contains customary representations and warranties and certain covenants that limit the ability of the Company to, among other things: (i) incur or guarantee additional indebtedness; (ii) pay distributions on, redeem or repurchase capital stock or redeem or repurchase subordinated debt; (iii) make investments; (iv) sell assets; (v) enter into agreements that restrict distributions or other payments from restricted subsidiaries to the Company; (vi) incur or suffer to exist liens securing indebtedness; (vii) consolidate, merge or transfer all or substantially all of their assets; and (viii) engage in transactions with affiliates. In addition, the ABL Credit Facility contains a financial covenant which provides that: (i) if any commitments or obligations are outstanding and the Company’s availability is less than the greater of million or of the aggregate amount of revolver commitments ( million at December 31, 2024 ) or of the aggregate borrowing base ( million at December 31, 2024 ), then the Company must maintain a ratio of Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) minus certain capital expenditures and cash taxes paid to fixed charges of at least to 1.00 for the most recent twelve As of December 31, 2024 , the Company was in compliance with its covenants and had approximately million of availability under the ABL Credit Facility. The Company has the option to borrow under its revolver based on the agent’s base rate plus a premium ranging from to or the Secured Overnight Financing Rate (SOFR) plus a premium ranging from to . On August 15, 2024 , the Company entered into a two -year forward starting fixed rate interest rate hedge in order to eliminate the variability of cash interest payments on million of the outstanding SOFR based borrowings under the ABL Credit Facility. The interest rate hedge fixed the rate at . Although the Company is exposed to credit loss in the event of nonperformance by the other party to the interest rate hedge agreement, the Company anticipates performance by the counterparty. On January 10, 2019 , the Company entered into a five -year forward starting fixed rate interest rate hedge in order to eliminate the variability of cash interest payments on million of the outstanding London Interbank Offered Rate (LIBOR) based borrowings under the ABL Credit Facility. On January 3, 2023, from . Although the Company is exposed to credit loss in the event of nonperformance by the other party to the interest rate hedge agreement, the Company anticipates performance by the counterparty. The interest rate swap expired on January 10, 2024 . As of December 31, 2024 and December 31, 2023 , million and million, respectively, of bank financing fees were included in “Prepaid expenses and other” and “Other long-term assets” on the accompanying Consolidated Balance Sheets. The financing fees are being amortized over the five Scheduled Debt Maturities, Interest, Debt Carrying Values The Company’s principal payments over the next five December 31, 2024 , are detailed in the table below: (in thousands) 2025 2026 2027 2028 2029 Total ABL Credit Facility $ - $ 272,456 $ - $ - $ - $ 272,456 Total principal payments $ - $ 272,456 $ - $ - $ - $ 272,456 The overall effective interest rate for all debt, exclusive of deferred financing fees and deferred commitment fees, amounted to , and in 2024 , 2023 and 2022 , respectively. Interest paid totaled million, million and million for the years ended December 31, 2024 , 2023 and 2022 , respectively. Average total debt outstanding was million, million and million in 2024 , 2023 and 2022 , respectively.

Note 10 - Derivative Instrument

Note 10 - Derivative Instruments	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	10. Derivative Instruments: Metals swaps During 2024 , 2023 and 2022 , the Company entered into nickel swaps indexed to the London Metal Exchange (LME) price of nickel with third December 31, 2024 . There were million and million of outstanding outstanding metals swaps at December 31, 2024 and December 31, 2023 , respectively. The Company entered into the swaps to mitigate its customers’ risk of volatility in the price of metals. The swaps are settled with the brokers at maturity. The economic benefit or loss arising from the changes in fair value of the swaps is contractually passed through to the customer. The primary risk associated with the metals swaps is the ability of customers or third third While these derivatives are intended to help the Company manage risk, they have not third not December 31, 2024 were included in “Accounts Receivable, net” and the embedded customer derivatives are included in “Other accrued liabilities” on the Consolidated Balance Sheets. Fixed rate interest rate hedge On August 15, 2024 , the Company entered into a two -year forward starting fixed rate interest rate hedge in order to eliminate the variability of cash interest payments on million of the outstanding SOFR based borrowings under the ABL Credit Facility. The interest rate hedge fixed the rate at . The interest rate hedge is included in “Prepaid expenses and other” on the Consolidated Balance Sheets and had a fair value of million and million as of December 31, 2024 and December 31, 2023 , respectively. The mark-to-market adjustment of the fair value of the hedge is recorded to “Accumulated other comprehensive income” on the Company’s Consolidated Balance Sheets. Although the Company is exposed to credit loss in the event of nonperformance by the other party to the interest rate hedge agreement, the Company anticipates performance by the counterparty. There was no December 31, 2024 , 2023 and 2022 . The table below shows the total impact to the Company’s Consolidated Statements of Comprehensive Income through “Net income” of the derivatives for the years ended December 31, 2024 , 2023 and 2022 . Net Gain (Loss) Recognized (in thousands) 2024 2023 2022 Fixed interest rate hedge $ 365 $ 1,906 $ (664 ) Metals swaps (424 ) (1,903 ) 633 Embedded customer derivatives 424 1,903 (633 ) Total income (loss) $ 365 $ 1,906 $ (664 )

Note 11 - Fair Value of Assets

Note 11 - Fair Value of Assets and Liabilities	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	11. Fair Value of Assets and Liabilities: The Company’s financial instruments include cash and cash equivalents, short-term trade receivables, derivative instruments, accounts payable, debt instruments and finance type leases. For short-term instruments, other than those required to be reported at fair value on a recurring basis and for which additional disclosures are included below, management concluded the historical carrying value is a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization. During 2024 and 2023 , there were no 1, 2 3 no December 31, 2024 . Following is a description of the valuation methodologies used for assets and liabilities measured at fair value as of December 31, 2024 and 2023 Metals swaps and embedded customer derivatives – Determined by using Level 2 Fixed rate interest rate hedge – Based on the present value of the expected future cash flows, considering the risks involved, and using discount rates appropriate for the maturity date. Market observable Level 2 Supplemental executive retirement plan - Determined by the Level 1 The following tables present information about the Company’s assets and liabilities that were measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques utilized by the Company: Value of Items Recorded at Fair Value As of December 31, 2024 (in thousands) Level 1 Level 2 Level 3 Total Assets: Metal swaps $ - $ 3,055 $ - $ 3,055 Embedded customer derivatives $ - $ 402 $ - $ 402 Fixed interest rate hedge $ - $ 254 $ - $ 254 Supplemental executive retirement plan $ 15,061 $ - $ - $ 15,061 Total assets at fair value $ 15,061 $ 3,711 $ - $ 18,772 Liabilities: Metal swaps $ - $ 3,457 $ - $ 3,457 Total liabilities recorded at fair value $ - $ 3,457 $ - $ 3,457 Value of Items Recorded at Fair Value As of December 31, 2023 (in thousands) Level 1 Level 2 Level 3 Total Assets: Metal swaps $ - $ 4,458 $ - $ 4,458 Embedded customer derivatives $ - $ 766 $ - $ 766 Fixed interest rate hedge $ - $ 55 $ - $ 55 Supplemental executive retirement plan $ 11,617 $ - $ - $ 11,617 Total assets at fair value $ 11,617 $ 5,279 $ - $ 16,896 Liabilities: Metal swaps $ - $ 5,224 $ - $ 5,224 Total liabilities recorded at fair value $ - $ 5,224 $ - $ 5,224 The value of the items not The carrying value of the ABL Credit Facility was million and million at December 31, 2024 and 2023 , respectively. Management believes that the ABL Credit Facility’s carrying value approximates its fair value due to the variable interest rate on the ABL Credit Facility and the recent amendments.

Note 12 - Equity Plans

Note 12 - Equity Plans	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	12. Equity Plans: Restricted Stock Units and Performance Share Units Pursuant to the Amended and Restated Olympic Steel 2007 may shares of common stock have been authorized for equity grants. On an annual basis, the compensation committee of the Company’s Board of Directors awards RSs or RSUs to each non-employee director as part of their annual compensation. The annual award for 2024 per director was of RSs. Subject to the terms of the Incentive Plan and the RS agreement, one third December 31, 2024 , December 31, 2025 December 31, 2026. not The annual award for 2023 per director was $80,000 of RSUs. Subject to the terms of the Incentive Plan and the RSU agreement, the 2023 RSUs vest after one not In January 2022 , the Company adopted a new C-Suite Long-Term Incentive Plan (the C-Suite Plan) that operates under the Senior Manager Stock Incentive Plan. Under the C-Suite Plan, the Chief Executive Officer, the Chief Financial Officer and the President and Chief Operating Officer are eligible for participation. In each calendar year, the Committee may may 2024 , the total long-term award target is million for the Chief Executive Officer, million for the President and Chief Operating Officer and million for the Chief Financial Officer. For 2023 and 2022 , the total long-term award target was million for the Chief Executive Officer, million for the President and Chief Operating Officer and million for the Chief Financial Officer. The PSUs will vest if the return on net assets, calculated as EBITDA divided by Average Accounts Receivable, Inventory and Property and Equipment, exceeds 5 percent. Each RSU and service-based cash incentive vests three years after the grant date. Each vested RSU will convert into the right to receive one 2024 , a total of RUSs and PSUs were granted to the participants under the C-Suite Plan, and and , respectively, were granted in serviced-based and performance-based cash awards. During 2023 , a total of RSUs and PSUs were granted to the participants under the C-Suite Plan, and million and million, respectively, were granted in service-based and performance-based cash awards. During 2022 , a total of RSUs and PSUs were granted to the participants under the C-Suite Plan, and million and million, respectively, were granted in service-based and performance-based cash awards. If the return on net assets falls below 5 percent, no ten of the grant. The performance-based awards granted in 2024 are expected to vest at of the grant and the performance-based awards granted in 2023 and 2022 are expected to vest at of the grant. All pre-tax charges related to the long-term cash incentives were included in the caption “Administrative and general” on the accompanying Consolidated Statements of Comprehensive Income. The total remaining estimated compensation cost of non-vested awards total million and the weighted average remaining vesting period is years as of December 31, 2024 . Stock-based compensation expense recognized on RSs and RSUs for the years ended December 31, 2024 , 2023 and 2022 , respectively, is summarized in the following table: For the years ended December 31, (in thousands) 2024 2023 2022 RS and RSU expense before taxes of the Plan $ 1,998 $ 1,817 $ 1,297 RS and RSU expense after taxes 1,466 1,314 954 All pre-tax charges related to RSUs and PSUs were included in the caption “Administrative and general” on the accompanying Consolidated Statements of Comprehensive Income. The total compensation cost of non-vested awards totaled million and the weighted average remaining vesting period is years as of December 31, 2024 . The following table summarizes the activity related to RSUs and PSUs for the year ended December 31, 2024 , 2023 and 2022 : 2024 2023 2022 Number of Shares Weighted Average Estimated Fair Value Number of Shares Weighted Average Estimated Fair Value Number of Shares Weighted Average Estimated Fair Value Beginning balance 662,103 $ 20.28 617,518 $ 18.95 576,867 $ 18.29 Granted 34,486 66.70 49,768 36.63 55,558 25.56 Converted into shares - - (2,610 ) 18.78 (5,841 ) 18.16 Forfeited (5,348 ) 17.97 (2,573 ) 19.65 (9,066 ) 17.52 Outstanding at December 31 691,241 $ 22.61 662,103 $ 20.28 617,518 $ 18.95 Vested at December 31 561,061 $ 21.37 454,939 $ 19.71 423,941 $ 19.24 Phantom Stock Units In January 2022 , the Company adopted the Senior Manager Phantom Stock Plan (Phantom Stock Plan) that operates under the Senior Manager Stock Incentive Plan. Under the Phantom Stock Plan, certain senior managers are eligible to participate in the plan. The Phantom Stock Plan supersedes any previous stock incentive programs offered to the eligible participants. Each year, eligible participants will receive an award of Phantom Stock Units (Phantom Units) of up to thousand. The number of Phantom Units granted on the grant date is determined by dividing the amount of the Phantom Units granted by the closing price of a share of the Company’s common stock on the grant date. Each Phantom Unit Award under this plan shall vest three years after the grant date (Vesting Date). Upon vesting, the Company will pay the Participant in cash, the value of the vested Phantom Units multiplied by the closing price of a share of the Company’s common stock on the Vesting Date. Pre-tax charges related to Phantom Stock Units for the year ended December 31, 2024 totaled million and were included in the caption “Administrative and general” on the accompanying Consolidated Statements of Comprehensive Income. The total estimated remaining compensation cost of non-vested awards total million and the weighted average remaining vesting period is years as of December 31, 2024 . Pre-tax charges related to Phantom Stock Units for the year ended December 31, 2023 , totaled million and were included in the caption "Administrative and general" on the accompanying Consolidated Statements of Comprehensive Income. The total estimated remaining compensation cost of non-vested awards totaled million and the weighted average remaining vesting period was years as of December 31, 2023 . Accrued liability balances related to Phantom Stock Units for the year ended December 31, 2024 totaled million and were included in "Other long-term liabilities" on the accompanying Consolidated Balance Sheets. Accrued liability balances related to Phantom Stock Units for the year ended December 31, 2023 totaled million and were included in "Other long-term liabilities" on the accompanying Consolidated Balance Sheets.

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	13. Commitments and Contingencies : The Company is party to various legal actions that it believes are ordinary in nature and incidental to the operation of its business. In the opinion of management, the outcome of the proceedings to which the Company is currently a party will not In the normal course of business, the Company periodically enters into agreements that incorporate indemnification provisions. While the maximum amount to which the Company may not At December 31, 2024 , approximately of the hourly plant personnel are represented by seven Facility Expiration date Locust, North Carolina March 4, 2025 St. Paul, Minnesota May 25, 2025 Romeoville, Illinois May 31, 2025 Minneapolis (coil), Minnesota September 30, 2025 Indianapolis, Indiana January 29, 2026 Minneapolis (plate), Minnesota April 1, 2027 Hammond, Indiana November 30, 2029

Note 14 - Income Taxes

Note 14 - Income Taxes	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	14. Income Taxes: The components of the Company’s provision (benefit) for income taxes from continuing operations were as follows: As of December 31, (in thousands) 2024 2023 2022 Current: Federal $ 7,669 $ 11,574 $ 27,865 International 29 1,047 102 State and local 1,138 2,529 5,691 8,836 15,150 33,658 Deferred (511 ) 1,908 (967 ) Income tax provision $ 8,325 $ 17,058 $ 32,691 The components of the Company’s deferred income taxes at December 31 (in thousands) 2024 2023 Deferred tax assets: Inventory (excluding LIFO reserve) $ 2,980 $ 3,340 Net operating loss and tax credit carryforwards 896 803 Allowance for credit losses 452 657 Accrued expenses 8,865 7,543 Lease liabilities 10,090 9,567 Other 312 379 Deferred tax assets before valuation allowance 23,595 22,289 Valuation allowance (446 ) (489 ) Total deferred tax assets 23,149 21,800 Deferred tax liabilities: LIFO reserve (3,429 ) (3,820 ) Property and equipment (16,058 ) (16,223 ) Lease right of use assets (9,848 ) (9,363 ) Interest rate hedge (63 ) (14 ) Intangibles (4,800 ) (3,890 ) Total deferred tax liabilities (34,198 ) (33,310 ) Deferred tax liabilities, net $ (11,049 ) $ (11,510 ) The following table summarizes the activity related to the Company’s gross unrecognized tax benefits: (in thousands) 2024 2023 2022 Balance as of January 1 $ 174 $ 220 $ 228 Increases related to current year tax positions - - - Increase (Decrease) related to prior year tax positions 173 8 (8 ) Decreases related to lapsing of statute of limitations (55 ) (8 ) - Settlements - (46 ) - Balance as of December 31 $ 292 $ 174 $ 220 It is expected that the amount of unrecognized tax benefits will not twelve 2021 2023 The Company recognized interest related to uncertain tax positions in the income tax provision. The following table reconciles the U.S. federal statutory rate to the Company’s effective tax rate: 2024 2023 2022 U.S. federal statutory rate in effect 21.0 % 21.0 % 21.0 % State and local taxes, net of federal benefit 4.3 % 4.4 % 4.5 % Foreign 0.1 % 1.7 % 0.1 % Meals and entertainment 1.5 % 0.7 % 0.2 % Tax credits (0.8 )% (0.4 )% (0.1 )% All other, net 0.5 % 0.3 % 0.7 % Effective income tax rate 26.6 % 27.7 % 26.4 % Income taxes paid in 2024 , 2023 and 2022 totaled million, million and million, respectively. Some subsidiaries of the Company’s consolidated group file state tax returns on a separate company basis and have state net operating loss carryforwards expiring over the next 15 20 years. A valuation allowance is recorded to reduce certain deferred tax assets to the amount that is more likely than not December 31, 2024 and 2023 were related to certain state net operating losses and totaled million and million, respectively.

Note 15 - Shares Outstanding an

Note 15 - Shares Outstanding and Earnings Per Share	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	15. Shares Outstanding and Earnings Per Share: Earnings per share have been calculated based on the weighted average number of shares outstanding as set forth below: For the years ended December 31, (in thousands, except per share data) 2024 2023 2022 Weighted average basic shares outstanding 11,677 11,573 11,551 Assumed exercise of stock options and issuance of stock awards - 5 8 Weighted average diluted shares outstanding 11,677 11,578 11,559 Net income $ 22,980 $ 44,529 $ 90,931 Basic earnings per share $ 1.97 $ 3.85 $ 7.87 Diluted earnings per share $ 1.97 $ 3.85 $ 7.87 Unvested RSUs and PSUs 134 207 194

Note 16 - Equity Programs

Note 16 - Equity Programs	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Treasury Stock [Text Block]	16. Equity Programs: Stock Repurchase Program On October 2, 2015 , the Company announced that its Board of Directors authorized a stock repurchase program of up to shares of the Company’s issued and outstanding common stock, which could include open market repurchases, negotiated block transactions, accelerated stock repurchases or open market solicitations for shares, all or some of which may 10b5 1 may may million in the aggregate during any trailing twelve $15.0 million in the aggregate require the Company to (i) maintain availability in excess of of the aggregate revolver commitments ( million at December 31, 2024 ) or (ii) to maintain availability equal to or greater than of the aggregate revolver commitments ( million at December 31, 2024 ) and the Company must maintain a pro-forma ratio of EBITDA minus certain capital expenditures and cash taxes paid to fixed charges of at least to 1.00 . As of December 31, 2024 , shares remain authorized for repurchase under the program. There were no shares repurchased during 2024 or 2023 . At-the-Market Equity Program On September 3, 2021 , the Company commenced an at-the-market (ATM) equity program under its shelf registration statement, which allows it to sell and issue up to million in shares of its common stock from time to time. The Company entered into an Equity Distribution Agreement on September 3, 2021 with KeyBanc Capital Markets Inc. (KeyBanc) relating to the issuance and sale of shares of common stock pursuant to the program. KeyBanc is not of the gross proceeds of any shares of common stock sold under the Equity Distribution Agreement. No shares were sold under the ATM program during 2024 or 2023 .

Note 17 - Segment Information

Note 17 - Segment Information	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	17. Segment Information: The Company follows the accounting guidance that requires the utilization of a “management approach” to define and report the financial results of reporting segments. The management approach defines operating segments along the lines used by the Company’s chief operating decision maker (CODM) to assess performance and make operating and resource allocation decisions. The Company's Chief Executive Officer serves as the CODM and evaluates performance and allocates resources based on segment operating income. The CODM uses operating income to evaluate the income generated and overall profitability created from segment assets. These financial metrics are used to make key operating decisions, such as the determinations of how capital spending is deployed between organic growth, automation and defensive projects and investment through acquisition. The Company operates in three November 11, 2024 January 3, 2023 October 2, 2023 The Company uses segment operating income as the measure of segment income or loss. The Company believes that segment operating income is most reflective of the operational profitability or loss of its reportable segments. Segment operating income excludes certain Corporate expenses. These Corporate expenses include the unallocated expenses related to managing the entire Company (i.e., all three The following tables provide financial information frequently shared with our CODM for the Company's reportable segments for the years ended December 31, 2024 2023 2022 For the Year Ended December 31, 2024 Specialty metals flat products Carbon flat products Tubular and pipe products Other Total (in thousands) Net sales $ 496,854 $ 1,109,100 $ 335,718 $ - $ 1,941,672 Cost of materials sold 406,229 864,590 219,672 - 1,490,491 Operating expenses 66,978 210,666 78,525 17,023 373,192 Depreciation 2,863 14,679 6,936 70 24,548 Amortization 1,056 2,750 1,776 - 5,582 Operating income $ 19,728 $ 16,415 $ 28,809 $ (17,093 ) $ 47,859 Other loss, net 93 Interest and other expense on debt 16,461 Income before income taxes $ 31,305 For the Year Ended December 31, 2023 Specialty metals flat products Carbon flat products Tubular and pipe products Other Total (in thousands) Net sales $ 567,728 $ 1,221,093 $ 369,342 $ - $ 2,158,163 Cost of materials sold 473,784 963,667 247,212 - 1,684,663 Operating expenses 67,131 208,082 73,756 20,417 369,386 Depreciation 2,868 12,147 6,460 70 21,545 Amortization 1,061 2,615 1,222 - 4,898 Operating income $ 22,884 $ 34,582 $ 40,692 $ (20,487 ) $ 77,671 Other loss, net 78 Interest and other expense on debt 16,006 Income before income taxes $ 61,587 For the Year Ended December 31, 2022 Specialty metals flat products Carbon flat products Tubular and pipe products Other Total (in thousands) Net sales $ 776,022 $ 1,356,605 $ 427,363 $ - $ 2,559,990 Cost of materials sold 589,472 1,164,459 319,999 - 2,073,930 Operating expenses 88,828 156,436 67,595 19,716 332,575 Depreciation 2,991 10,298 3,926 70 17,285 Amortization 1,069 397 987 - 2,453 Operating income $ 93,662 $ 25,015 $ 34,856 $ (19,786 ) $ 133,747 Other loss, net 45 Interest and other expense on debt 10,080 Income before income taxes $ 123,622 For the Year Ended December 31, (in thousands) 2024 2023 2022 Capital expenditures Flat products $ 26,562 $ 14,306 $ 15,299 Tubular and pipe products 2,925 7,020 4,555 Corporate - - - Total capital expenditures $ 29,487 $ 21,326 $ 19,854 Assets Flat products $ 695,880 $ 649,744 $ 631,607 Tubular and pipe products 347,469 333,677 258,412 Corporate 1,147 1,414 1,608 Total assets $ 1,044,496 $ 984,835 $ 891,627 There were no December 31, 2024 2023 2022 The Company sells certain products internationally, primarily in Canada and Mexico. International sales are immaterial to the consolidated financial results and to the individual segments’ results.

Note 18 - Retirement Plans

Note 18 - Retirement Plans	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Retirement Benefits [Text Block]	18. Retirement Plans : The Company’s retirement plans consist of 401 The 401 401 401 one first of eligible compensation. For the Metal-Fab 401 50% first 401 100% of the first of eligible compensation and one of each eligible employee’s contribution, limited to of eligible compensation. In 2006 , the Board of Directors adopted a SERP, which has been amended from time to time. Contributions to the SERP are based on: (i) a portion of the participants’ compensation multiplied by a factor of ; and (ii) a portion of the participants’ compensation multiplied by a factor, which is contingent upon the Company’s return on invested capital. Benefits are subject to a vesting schedule of up to seven years. The Company, through its CTI subsidiary, contributes to a multiemployer pension plan. CTI contributes to the Multiemployer Plan under the terms of a collective bargaining agreement that covers certain of its union employees, and which expires May 31, 2025 . CTI contributions to the Multiemployer Plan were immaterial for the years ended December 31, 2024 , 2023 and 2022 . Retirement plan expense, which includes all Company 401 million, million and million for the years ended December 31, 2024 , 2023 and 2022 , respectively. The fair values of the Company's SERP assets as of December 31, 2024 and 2023 were million and million, respectively, and are measured at Net Asset Value (NAV). The fair value of the SERP assets are included in Other Long Term Assets on the Consolidated Balance Sheets.

Note 19 - Related-party Transac

Note 19 - Related-party Transactions	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	19. Related-Party Transactions : The Company’s Executive Chairman of the Board owns 50% of an entity that owns one million. The lease expires on December 31, 2028 with two five -year renewal options.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	Valuation and Qualifying Accounts (in thousands) Additions Description Balance at Beginning of Period Charged to Costs and Expenses Charged to Other Accounts Deductions Balance at End of Period Year Ended December 31, 2022 Allowance for credit losses $ 2,502 $ 2,184 $ - $ (855 ) $ 3,831 Tax valuation reserve $ 1,197 $ - $ - $ (278 ) $ 919 Year Ended December 31, 2023 Allowance for credit losses $ 3,831 $ (425 ) $ - $ (776 ) $ 2,630 Tax valuation reserve $ 919 $ - $ - $ (430 ) $ 489 Year Ended December 31, 2024 Allowance for credit losses $ 2,630 $ (280 ) $ - $ (543 ) $ 1,807 Tax valuation reserve $ 489 $ - $ - $ (43 ) $ 446

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2024
Insider Trading Arr Line Items
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Cybersecurity Risk Management Cybersecurity risk management is an integral part of our overall enterprise risk management program. Our cybersecurity risk management program is designed to provide a framework for handling cybersecurity threats and incidents, including threats and incidents associated with the use of services provided by third-party service providers, and to facilitate coordination across different departments of our company. Our processes include steps for assessing the severity of a cybersecurity threat, identifying the source of a cybersecurity threat including whether the cybersecurity threat is associated with a third-party service provider, implementing cybersecurity countermeasures and mitigation strategies and informing management and our board of directors of material cybersecurity threats and incidents. Our cybersecurity team also engages third-party security experts for risk assessment and system enhancements. In addition, our cybersecurity team provides training to employees, based on their role. Our board of directors has overall oversight responsibility for our risk management, and delegates cybersecurity risk management oversight to the audit committee of the board of directors. The audit committee is responsible for ensuring that management has processes in place designed to identify and evaluate cybersecurity risks to which the company is exposed and implement processes and programs to manage cybersecurity risks and mitigate cybersecurity incidents. The audit committee also reports material cybersecurity risks to our full board of directors. Management is responsible for identifying, considering and assessing material cybersecurity risks on an ongoing basis, establishing processes designed to ensure that such potential cybersecurity risk exposures are monitored, putting in place mitigation measures and maintaining cybersecurity programs. Our cybersecurity programs are under the direction of our Vice President of Information Services (VP-IS) who receives reports from our cybersecurity team and monitors the prevention, detection, mitigation, and remediation of cybersecurity incidents. Our VP-IS and dedicated personnel are information system security professionals and information security managers with many years of experience. Management, including the VP-IS and our cybersecurity team, regularly update the audit committee on the company's cybersecurity programs, material cybersecurity risks and mitigation strategies and provide cybersecurity reports annually that cover, among other topics, third-party assessments of the company's cybersecurity programs, developments in cybersecurity and updates to the company's cybersecurity programs and mitigation strategies. In 2024, we did not identify any cybersecurity incidents that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition. However, despite our efforts, we cannot eliminate all risks from cybersecurity threats, or provide assurances that we have not experienced an undetected cybersecurity incident. For more information about these risks, please see "Risk Factors - Risks Related to our Business" in this Annual Report on Form 10-k.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Cybersecurity Risk Management Cybersecurity risk management is an integral part of our overall enterprise risk management program. Our cybersecurity risk management program is designed to provide a framework for handling cybersecurity threats and incidents, including threats and incidents associated with the use of services provided by third-party service providers, and to facilitate coordination across different departments of our company. Our processes include steps for assessing the severity of a cybersecurity threat, identifying the source of a cybersecurity threat including whether the cybersecurity threat is associated with a third-party service provider, implementing cybersecurity countermeasures and mitigation strategies and informing management and our board of directors of material cybersecurity threats and incidents. Our cybersecurity team also engages third-party security experts for risk assessment and system enhancements. In addition, our cybersecurity team provides training to employees, based on their role. Our board of directors has overall oversight responsibility for our risk management, and delegates cybersecurity risk management oversight to the audit committee of the board of directors. The audit committee is responsible for ensuring that management has processes in place designed to identify and evaluate cybersecurity risks to which the company is exposed and implement processes and programs to manage cybersecurity risks and mitigate cybersecurity incidents. The audit committee also reports material cybersecurity risks to our full board of directors. Management is responsible for identifying, considering and assessing material cybersecurity risks on an ongoing basis, establishing processes designed to ensure that such potential cybersecurity risk exposures are monitored, putting in place mitigation measures and maintaining cybersecurity programs. Our cybersecurity programs are under the direction of our Vice President of Information Services (VP-IS) who receives reports from our cybersecurity team and monitors the prevention, detection, mitigation, and remediation of cybersecurity incidents. Our VP-IS and dedicated personnel are information system security professionals and information security managers with many years of experience. Management, including the VP-IS and our cybersecurity team, regularly update the audit committee on the company's cybersecurity programs, material cybersecurity risks and mitigation strategies and provide cybersecurity reports annually that cover, among other topics, third-party assessments of the company's cybersecurity programs, developments in cybersecurity and updates to the company's cybersecurity programs and mitigation strategies. In 2024, we did not identify any cybersecurity incidents that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition. However, despite our efforts, we cannot eliminate all risks from cybersecurity threats, or provide assurances that we have not experienced an undetected cybersecurity incident. For more information about these risks, please see "Risk Factors - Risks Related to our Business" in this Annual Report on Form 10-k.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our board of directors has overall oversight responsibility for our risk management, and delegates cybersecurity risk management oversight to the audit committee of the board of directors. The audit committee is responsible for ensuring that management has processes in place designed to identify and evaluate cybersecurity risks to which the company is exposed and implement processes and programs to manage cybersecurity risks and mitigate cybersecurity incidents. The audit committee also reports material cybersecurity risks to our full board of directors. Management is responsible for identifying, considering and assessing material cybersecurity risks on an ongoing basis, establishing processes designed to ensure that such potential cybersecurity risk exposures are monitored, putting in place mitigation measures and maintaining cybersecurity programs. Our cybersecurity programs are under the direction of our Vice President of Information Services (VP-IS) who receives reports from our cybersecurity team and monitors the prevention, detection, mitigation, and remediation of cybersecurity incidents. Our VP-IS and dedicated personnel are information system security professionals and information security managers with many years of experience. Management, including the VP-IS and our cybersecurity team, regularly update the audit committee on the company's cybersecurity programs, material cybersecurity risks and mitigation strategies and provide cybersecurity reports annually that cover, among other topics, third-party assessments of the company's cybersecurity programs, developments in cybersecurity and updates to the company's cybersecurity programs and mitigation strategies.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Nature of Business, Policy [Policy Text Block]	Nature of Business The Company operates in reportable segments: specialty metals flat products, carbon flat products, and tubular and pipe products. The specialty metals flat products segment and the carbon flat products segment are at times consolidated and referred to as the flat products segments. Certain of the flat products segments’ assets and resources are shared by the specialty metals and carbon flat products segments, and both segments’ products are stored in the shared facilities and, in some locations, processed on shared equipment. As such, total assets and capital expenditures are reported in the aggregate for the flat products segment. Due to the shared assets and resources, certain of the flat products segment expenses are allocated between the specialty metals flat products segment and the carbon flat products segment based upon an established allocation methodology. The Company is a leading metals service center focused on the direct sale and value-added processing of carbon and coated steel, plate and coil products; stainless steel sheet, plate, bar and coil; aluminum sheet, plate and coil; pipe, tube bar, valves and fittings, tin plate and metal-intensive end-use products. The specialty metals flat products segment sells and distributes processed aluminum and stainless flat-rolled sheet and coil products, flat bar products, prime tin mill products and fabricated parts. Through acquisitions, the specialty metals flat products segment has expanded its geographic footprint and enhanced its product offerings in stainless steel and aluminum plate, sheet, angles, rounds, flat bar, tubing and pipe, stainless steel bollards and water treatment systems. The carbon flat products segment sells and distributes large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts. Through acquisitions, our carbon flat products segment has expanded its product offerings to include self-dumping metal hoppers and steel and stainless-steel dump inserts for pickup truck and service truck beds. Through the acquisition of Metal-Fab, Inc. (Metal-Fab) on January 3, 2023, November 11, 2024 , the carbon flat products segment further expanded its product offerings to include the manufacture of service station canopies, deck clips, long gutters, trim and boat docks, as well as solar canopy and ground racking components. The tubular and pipe product segment distributes metal tubing, pipe, bar, valves and fittings and the fabrication of parts, tube and bar products, including round, square, rectangular and special shaped tubes supplied to various industrial markets. Through the acquisition of Central Tube and Bar, Inc. (CTB) on October 2, 2023, Corporate expenses are reported as a separate line item for segment reporting purposes. Corporate expenses include the unallocated expenses related to managing the entire Company (i.e., all three segments), including payroll expenses for certain personnel, expenses related to being a publicly traded entity such as board of directors’ expenses, audit expenses, and various other professional fees.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements have been prepared from the financial records of Olympic Steel, Inc. and its wholly-owned subsidiaries (collectively, Olympic or the Company), after elimination of intercompany accounts and transactions.
Use of Estimates, Policy [Policy Text Block]	Accounting Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration Risks The Company is a major customer of flat-rolled coil and plate and tubular and pipe steel for many of its principal suppliers, but is not one three 2024 2023 2022 The Company has a diversified customer and geographic base, which reduces the inherent risk and cyclicality of its business. The concentration of net sales to the Company’s top 20 , and of consolidated net sales in 2024 , 2023 and 2022 , respectively. In addition, the Company’s largest customer accounted for approximately of consolidated net sales in each of 2024 , 2023 and 2022 . Sales to industrial machinery and equipment manufacturers and their fabricators accounted for , and of consolidated net sales in 2024 , 2023 and 2022 , respectively.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Cash equivalents consist of short-term highly liquid investments, with a three may not not
Fair Value Measurement, Policy [Policy Text Block]	Fair Market Value Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the liability in an orderly transaction between market participants on the measurement date. Valuation techniques must maximize the use of observable inputs and minimize the use of unobservable inputs. To measure fair value, the Company applies a fair value hierarchy that is based on three first two Level 1 Level 2 1 not Level 3 no Financial instruments, such as cash and cash equivalents, accounts receivable, accounts payable and the credit facility, are stated at their carrying value, which is a reasonable estimate of fair value. The fair value of marketable securities is based on quoted market prices.
Accounts Receivable [Policy Text Block]	Allowance for Credit Losses The Company’s allowance for credit losses is maintained at a level considered appropriate based on historical experience and specific customer collection issues that the Company has identified. Estimations are based upon the application of a historical collection rate to the outstanding accounts receivable balance, which remains fairly level from year to year, and judgments about the probable effects of economic conditions on certain customers, which can fluctuate significantly from year to year. The Company cannot guarantee that the rate of future credit losses will be similar to past experience. The Company considers all available information when assessing the adequacy of the allowance for credit losses each quarter.
Inventory, Policy [Policy Text Block]	Inventory Valuation Non-LIFO inventories are stated at the lower of its cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. LIFO inventories are stated at the lower of cost or market. Market is the estimated selling price in the ordinary course of business, less reasonable predictable costs of completion. Inventory costs include the costs of the purchased metals, inbound freight, external and internal processing and applicable labor and overhead costs. Substantially all of the costs of the Company’s specialty metals and carbon flat products segments’ inventories, including flat-rolled sheet, coil and plate products are determined using the specific identification method. Certain of the Company’s tubular and pipe products inventory is stated under the LIFO method. At December 31, 2024 and December 31, 2023 , approximately million, or of consolidated inventory, and million, or of consolidated inventory, respectively, was reported under the LIFO method of accounting. The cost of the remainder of tubular and pipe product segment’s inventory is determined using a weighted average rolling first first On the Consolidated Statements of Comprehensive Income, “Cost of materials sold (exclusive of items shown separately below)” consists of the cost of purchased metals, inbound and internal transfer freight, external processing costs, and LIFO income or expense.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment, and Depreciation Property and equipment are stated at cost. Depreciation is provided using the straight-line method over the estimated useful lives of the assets ranging from two to years. The Company capitalizes the costs of obtaining or developing internal-use software, including directly related payroll costs. The Company amortizes those costs over five years, beginning when the software is ready for its intended use.
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]	Intangible Assets and Recoverability of Long-lived Assets The Company performs an annual impairment test of indefinite-lived intangible assets in the fourth If a quantitative fair value measurement is used, the fair value of each indefinite-lived intangible asset is compared to its carrying value and an impairment charge is recorded if the carrying value exceeds the fair value. The Company estimates the fair value of indefinite-lived intangible assets using a discounted cash flow methodology. Management’s assumptions used for the calculations are based on historical results, projected financial information and recent economic events. Actual results could differ from these estimates under different assumptions or conditions, which could adversely affect the reported value of intangible assets. The Company evaluates the recoverability of long-lived assets and the related estimated remaining lives whenever events or changes in circumstances indicate that the carrying value may not may not
Income Tax, Policy [Policy Text Block]	Income Taxes The Company records, as an offset to the estimated effect of temporary differences between the tax basis of assets and liabilities and the reported amounts in its consolidated balance sheets, the tax effect of operating loss and tax credit carryforwards. If the Company determines that it will not The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not not 50 The Company had no December 31, 2024 . The Company expects no one December 31, 2024 .
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition The Company's contracts with customers are comprised of purchase orders with standard terms and conditions. Occasionally, the Company may Transfer of control is assessed based on the use of the product distributed and rights to payment for performance under the contract terms. Transfer of control and revenue recognition for substantially all of the Company’s sales occur upon shipment or delivery of the product, which is when title, ownership and risk of loss pass to the customer and is based on the applicable shipping terms. The shipping terms depend on the customer contract. An invoice for payment is issued at time of shipment and terms are generally net 30 days. Sales returns and allowances are treated as reductions to sales and are provided for based on historical experience and current estimates and are immaterial to the consolidated financial statements.
Contract with Customer Liabilities, Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Fees and Costs Amounts charged to customers for shipping and other transportation services are included in net sales. The distribution expense line on the accompanying Consolidated Statements of Comprehensive Income is entirely comprised of all shipping and other transportation costs incurred by the Company in shipping goods to its customers.
Share-Based Payment Arrangement [Policy Text Block]	Stock-Based Compensation The Company records compensation expense for stock awards issued to employees and directors. For additional information, see Note 12,
New Accounting Pronouncements, Policy [Policy Text Block]	Impact of Recently Issued Accounting Pronouncements In November 2024, No. 2024 03, 220 December 15, 2026 December 15, 2027, In December 2023, No. 2023 09, 740 December 15, 2024 not not 10 In November 2023, No. 2023 07, 280 not 280, December 15, 2023 December 15, 2024, 10 not In March 2020 , the FASB issued ASU No. 2020 04, 848 December 2022 , the FASB issued ASU No. 2022 06, 848,” December 31, 2024 . We adopted this ASU in the first 2023 for the modification of the asset-based credit facility (the ABL Credit Facility) and the corresponding interest rate hedge. The adoption of the standard did not

Note 2 - Acquisitions (Tables)

Note 2 - Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Details of Acquisition (in thousands) Metal Works As of November 11, 2024 CTB As of October 2, 2023 Metal-Fab As of January 3, 2023 Assets acquired Cash and cash equivalents $ - $ - $ 1,728 Accounts receivable, net 2,166 5,339 10,597 Prepaid expenses and other 2 - 740 Inventories, net 3,451 3,906 17,236 Property and equipment 13,662 16,193 20,408 Goodwill 31,727 8,401 33,194 Intangible assets 29,890 9,590 54,740 Right-of-use and other long-term assets - 917 6,930 Total assets acquired 80,898 44,346 145,573 Total liabilities assumed (898 ) (4,054 ) (14,369 ) Cash paid $ 80,000 $ 40,292 $ 131,204
Business Acquisition, Pro Forma Information [Table Text Block]	For the twelve months ended December 31, 2022 Historical OSI Historical Metal-Fab Pro Forma Adjustments Pro Forma Combined (in thousands, except per share amounts) Pro forma: Net sales $ 2,559,990 $ 95,528 $ 736 $ 2,656,254 Net income (loss) 90,931 16,538 (12,850 ) 94,619 Basic earnings per share 7.87 1.43 (1.11 ) 8.19 Diluted earnings per share 7.87 1.43 (1.11 ) 8.19

Note 3 - Revenue Recognition (T

Note 3 - Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Disaggregated Revenue by Products Sold For the Twelve Months Ended December 31, 2024 Carbon flat products Specialty metals flat products Tubular and pipe products Total Hot Rolled 28.0 % - - 28.0 % Plate 11.2 % - - 11.2 % Cold Rolled 4.3 % - - 4.3 % Coated 12.4 % - - 12.4 % Specialty - 25.6 % - 25.6 % Pipe & Tube - - 17.3 % 17.3 % Other 1.2 % - - 1.2 % Total 57.1 % 25.6 % 17.3 % 100.0 % Disaggregated Revenue by Products Sold For the Twelve Months Ended December 31, 2023 Carbon flat products Specialty metals flat products Tubular and pipe products Total Hot Rolled 28.8 % - - 28.8 % Plate 12.9 % - - 12.9 % Cold Rolled 4.0 % - - 4.0 % Coated 10.3 % - - 10.3 % Specialty - 26.3 % - 26.3 % Pipe & Tube - - 17.1 % 17.1 % Other 0.6 % - - 0.6 % Total 56.6 % 26.3 % 17.1 % 100.0 % Disaggregated Revenue by Products Sold For the Twelve Months Ended December 31, 2022 Carbon flat products Specialty metals flat products Tubular and pipe products Total Hot Rolled 29.8 % - - 29.8 % Plate 13.3 % - - 13.3 % Cold Rolled 4.7 % - - 4.7 % Coated 4.5 % - - 4.5 % Specialty - 30.3 % - 30.3 % Pipe & Tube - - 16.7 % 16.7 % Other 0.7 % 0.0 % - 0.7 % Total 53.0 % 30.3 % 16.7 % 100.0 %

Note 5 - Inventories (Tables)

Note 5 - Inventories (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	As of December 31, (in thousands) 2024 2023 Unprocessed $ 273,668 $ 282,565 Processed and finished 116,958 103,970 Total $ 390,626 $ 386,535

Note 6 - Property and Equipme_2

Note 6 - Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Property, Plant and Equipment [Table Text Block]	(in thousands) Depreciable Lives December 31, 2024 December 31, 2023 Land - $ 18,161 $ 16,676 Land improvements 5 - 10 4,825 4,685 Buildings and improvements 7 - 30 164,545 158,335 Machinery and equipment 2 - 15 275,006 254,777 Furniture and fixtures 3 - 7 6,932 6,849 Computer software and equipment 2 - 5 26,770 26,787 Vehicles 2 - 5 5,688 5,112 Financing lease - 4,812 5,686 Construction in progress - 12,963 4,541 519,702 483,448 Less accumulated depreciation and accumulated amortization of financing leases (315,866 ) (297,340 ) Net property and equipment $ 203,836 $ 186,108

Note 7 - Goodwill and Intangi_2

Note 7 - Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Goodwill [Table Text Block]	(in thousands) Carbon Flat Products Specialty Metals Flat Products Tubular and Pipe Products Total Balance as of December 31, 2022 1,065 9,431 - 10,496 Acquisitions 33,194 - 8,401 41,595 Impairments - - - - Balance as of December 31, 2023 $ 34,259 $ 9,431 $ 8,401 $ 52,091 Acquisitions 31,727 - - 31,727 Impairments - - - - Balance as of December 31, 2024 $ 65,986 $ 9,431 $ 8,401 $ 83,818
Schedule of Finite and Indefinite Lived Intangible Assets [Table Text Block]	As of Balance at December 31, 2024 (in thousands) Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Customer relationships - subject to amortization $ 84,459 $ (18,513 ) $ 65,946 Covenant not to compete - subject to amortization 3,229 (1,110 ) 2,119 Technology and know-how - subject to amortization 8,900 (922 ) 7,978 Trade name - not subject to amortization 42,068 - 42,068 $ 138,656 $ (20,545 ) $ 118,111 As of December 31, 2023 (in thousands) Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Customer relationships - subject to amortization $ 62,559 $ (15,084 ) $ 47,475 Covenant not to compete - subject to amortization 2,339 (679 ) 1,660 Technology and know-how - subject to amortization 7,000 (382 ) 6,618 Trade name - not subject to amortization 36,868 - 36,868 $ 108,766 $ (16,145 ) $ 92,621

Note 8 - Leases (Tables)

Note 8 - Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Lease, Cost [Table Text Block]	(in thousands) 2024 2023 2022 Operating lease cost $ 8,106 $ 9,008 $ 7,446 Finance lease cost Amortization 992 1,056 720 Interest on lease liabilities 156 157 67 $ 1,148 $ 1,213 $ 787
Lease, Payment [Table Text Block]	(in thousands) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 7,705 $ 8,901 $ 7,268 Operating cash flows from finance leases 156 157 67 Financing cash flows from finance leases 990 1,039 703 Total cash paid for amounts included in the measurement of lease liabilities $ 8,851 $ 10,097 $ 8,038
Lease, Balance Sheet Information [Table Text Block]	(in thousands) 2024 2023 Operating leases Operating lease $ 54,337 $ 56,117 Operating lease accumulated amortization (17,401 ) (21,737 ) Operating lease right of use asset, net $ 36,936 $ 34,380 Operating lease current liabilities 5,865 7,813 Operating lease liabilities 31,945 27,261 $ 37,810 $ 35,074 (in thousands) 2024 2023 Finance leases Finance lease $ 4,812 $ 5,686 Finance lease accumulated depreciation (2,354 ) (2,615 ) Finance lease right of use asset, net $ 2,458 $ 3,071 Finance lease current liabilities 853 1,087 Finance lease liabilities 1,697 2,106 $ 2,550 $ 3,193 Weighted average remaining lease term (in years) 2024 2023 Operating leases 9 6 Finance leases 4 4 Weighted average discount rate Operating leases 5.76 % 4.07 % Finance leases 5.89 % 5.06 %
Operating and Finance Lease, Liability, Maturity [Table Text Block]	(in thousands) Operating Lease Finance Lease Year Ending December 31, 2025 $ 7,859 $ 976 2026 7,441 713 2027 6,191 600 2028 4,984 427 2029 3,904 97 Thereafter 20,718 8 Total future minimum lease payments $ 51,097 $ 2,821 Less remaining imputed interest (13,287 ) (271 ) Total $ 37,810 $ 2,550

Note 9 - Debt (Tables)

Note 9 - Debt (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Debt [Table Text Block]	As of December 31, (in thousands) 2024 2023 Asset-based revolving credit facility due June 16, 2026 $ 272,456 $ 190,198 Total debt 272,456 190,198 Less current amount - - Total long-term debt $ 272,456 $ 190,198
Schedule of Maturities of Long-Term Debt [Table Text Block]	(in thousands) 2025 2026 2027 2028 2029 Total ABL Credit Facility $ - $ 272,456 $ - $ - $ - $ 272,456 Total principal payments $ - $ 272,456 $ - $ - $ - $ 272,456

Note 10 - Derivative Instrume_2

Note 10 - Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	Net Gain (Loss) Recognized (in thousands) 2024 2023 2022 Fixed interest rate hedge $ 365 $ 1,906 $ (664 ) Metals swaps (424 ) (1,903 ) 633 Embedded customer derivatives 424 1,903 (633 ) Total income (loss) $ 365 $ 1,906 $ (664 )

Note 11 - Fair Value of Asset_2

Note 11 - Fair Value of Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Value of Items Recorded at Fair Value As of December 31, 2024 (in thousands) Level 1 Level 2 Level 3 Total Assets: Metal swaps $ - $ 3,055 $ - $ 3,055 Embedded customer derivatives $ - $ 402 $ - $ 402 Fixed interest rate hedge $ - $ 254 $ - $ 254 Supplemental executive retirement plan $ 15,061 $ - $ - $ 15,061 Total assets at fair value $ 15,061 $ 3,711 $ - $ 18,772 Liabilities: Metal swaps $ - $ 3,457 $ - $ 3,457 Total liabilities recorded at fair value $ - $ 3,457 $ - $ 3,457 Value of Items Recorded at Fair Value As of December 31, 2023 (in thousands) Level 1 Level 2 Level 3 Total Assets: Metal swaps $ - $ 4,458 $ - $ 4,458 Embedded customer derivatives $ - $ 766 $ - $ 766 Fixed interest rate hedge $ - $ 55 $ - $ 55 Supplemental executive retirement plan $ 11,617 $ - $ - $ 11,617 Total assets at fair value $ 11,617 $ 5,279 $ - $ 16,896 Liabilities: Metal swaps $ - $ 5,224 $ - $ 5,224 Total liabilities recorded at fair value $ - $ 5,224 $ - $ 5,224

Note 12 - Equity Plans (Tables)

Note 12 - Equity Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	For the years ended December 31, (in thousands) 2024 2023 2022 RS and RSU expense before taxes of the Plan $ 1,998 $ 1,817 $ 1,297 RS and RSU expense after taxes 1,466 1,314 954
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	2024 2023 2022 Number of Shares Weighted Average Estimated Fair Value Number of Shares Weighted Average Estimated Fair Value Number of Shares Weighted Average Estimated Fair Value Beginning balance 662,103 $ 20.28 617,518 $ 18.95 576,867 $ 18.29 Granted 34,486 66.70 49,768 36.63 55,558 25.56 Converted into shares - - (2,610 ) 18.78 (5,841 ) 18.16 Forfeited (5,348 ) 17.97 (2,573 ) 19.65 (9,066 ) 17.52 Outstanding at December 31 691,241 $ 22.61 662,103 $ 20.28 617,518 $ 18.95 Vested at December 31 561,061 $ 21.37 454,939 $ 19.71 423,941 $ 19.24

Note 14 - Income Taxes (Tables)

Note 14 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	As of December 31, (in thousands) 2024 2023 2022 Current: Federal $ 7,669 $ 11,574 $ 27,865 International 29 1,047 102 State and local 1,138 2,529 5,691 8,836 15,150 33,658 Deferred (511 ) 1,908 (967 ) Income tax provision $ 8,325 $ 17,058 $ 32,691
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	(in thousands) 2024 2023 Deferred tax assets: Inventory (excluding LIFO reserve) $ 2,980 $ 3,340 Net operating loss and tax credit carryforwards 896 803 Allowance for credit losses 452 657 Accrued expenses 8,865 7,543 Lease liabilities 10,090 9,567 Other 312 379 Deferred tax assets before valuation allowance 23,595 22,289 Valuation allowance (446 ) (489 ) Total deferred tax assets 23,149 21,800 Deferred tax liabilities: LIFO reserve (3,429 ) (3,820 ) Property and equipment (16,058 ) (16,223 ) Lease right of use assets (9,848 ) (9,363 ) Interest rate hedge (63 ) (14 ) Intangibles (4,800 ) (3,890 ) Total deferred tax liabilities (34,198 ) (33,310 ) Deferred tax liabilities, net $ (11,049 ) $ (11,510 )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	(in thousands) 2024 2023 2022 Balance as of January 1 $ 174 $ 220 $ 228 Increases related to current year tax positions - - - Increase (Decrease) related to prior year tax positions 173 8 (8 ) Decreases related to lapsing of statute of limitations (55 ) (8 ) - Settlements - (46 ) - Balance as of December 31 $ 292 $ 174 $ 220
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2024 2023 2022 U.S. federal statutory rate in effect 21.0 % 21.0 % 21.0 % State and local taxes, net of federal benefit 4.3 % 4.4 % 4.5 % Foreign 0.1 % 1.7 % 0.1 % Meals and entertainment 1.5 % 0.7 % 0.2 % Tax credits (0.8 )% (0.4 )% (0.1 )% All other, net 0.5 % 0.3 % 0.7 % Effective income tax rate 26.6 % 27.7 % 26.4 %

Note 15 - Shares Outstanding _2

Note 15 - Shares Outstanding and Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the years ended December 31, (in thousands, except per share data) 2024 2023 2022 Weighted average basic shares outstanding 11,677 11,573 11,551 Assumed exercise of stock options and issuance of stock awards - 5 8 Weighted average diluted shares outstanding 11,677 11,578 11,559 Net income $ 22,980 $ 44,529 $ 90,931 Basic earnings per share $ 1.97 $ 3.85 $ 7.87 Diluted earnings per share $ 1.97 $ 3.85 $ 7.87 Unvested RSUs and PSUs 134 207 194

Note 17 - Segment Information (

Note 17 - Segment Information (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	For the Year Ended December 31, 2024 Specialty metals flat products Carbon flat products Tubular and pipe products Other Total (in thousands) Net sales $ 496,854 $ 1,109,100 $ 335,718 $ - $ 1,941,672 Cost of materials sold 406,229 864,590 219,672 - 1,490,491 Operating expenses 66,978 210,666 78,525 17,023 373,192 Depreciation 2,863 14,679 6,936 70 24,548 Amortization 1,056 2,750 1,776 - 5,582 Operating income $ 19,728 $ 16,415 $ 28,809 $ (17,093 ) $ 47,859 Other loss, net 93 Interest and other expense on debt 16,461 Income before income taxes $ 31,305 For the Year Ended December 31, 2023 Specialty metals flat products Carbon flat products Tubular and pipe products Other Total (in thousands) Net sales $ 567,728 $ 1,221,093 $ 369,342 $ - $ 2,158,163 Cost of materials sold 473,784 963,667 247,212 - 1,684,663 Operating expenses 67,131 208,082 73,756 20,417 369,386 Depreciation 2,868 12,147 6,460 70 21,545 Amortization 1,061 2,615 1,222 - 4,898 Operating income $ 22,884 $ 34,582 $ 40,692 $ (20,487 ) $ 77,671 Other loss, net 78 Interest and other expense on debt 16,006 Income before income taxes $ 61,587 For the Year Ended December 31, 2022 Specialty metals flat products Carbon flat products Tubular and pipe products Other Total (in thousands) Net sales $ 776,022 $ 1,356,605 $ 427,363 $ - $ 2,559,990 Cost of materials sold 589,472 1,164,459 319,999 - 2,073,930 Operating expenses 88,828 156,436 67,595 19,716 332,575 Depreciation 2,991 10,298 3,926 70 17,285 Amortization 1,069 397 987 - 2,453 Operating income $ 93,662 $ 25,015 $ 34,856 $ (19,786 ) $ 133,747 Other loss, net 45 Interest and other expense on debt 10,080 Income before income taxes $ 123,622
Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block]	For the Year Ended December 31, (in thousands) 2024 2023 2022 Capital expenditures Flat products $ 26,562 $ 14,306 $ 15,299 Tubular and pipe products 2,925 7,020 4,555 Corporate - - - Total capital expenditures $ 29,487 $ 21,326 $ 19,854 Assets Flat products $ 695,880 $ 649,744 $ 631,607 Tubular and pipe products 347,469 333,677 258,412 Corporate 1,147 1,414 1,608 Total assets $ 1,044,496 $ 984,835 $ 891,627

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Summary of Valuation Allowance [Table Text Block]	Additions Description Balance at Beginning of Period Charged to Costs and Expenses Charged to Other Accounts Deductions Balance at End of Period Year Ended December 31, 2022 Allowance for credit losses $ 2,502 $ 2,184 $ - $ (855 ) $ 3,831 Tax valuation reserve $ 1,197 $ - $ - $ (278 ) $ 919 Year Ended December 31, 2023 Allowance for credit losses $ 3,831 $ (425 ) $ - $ (776 ) $ 2,630 Tax valuation reserve $ 919 $ - $ - $ (430 ) $ 489 Year Ended December 31, 2024 Allowance for credit losses $ 2,630 $ (280 ) $ - $ (543 ) $ 1,807 Tax valuation reserve $ 489 $ - $ - $ (43 ) $ 446

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022
Number of Reportable Segments	3
LIFO Inventory Amount	$ 31.3	$ 38.2
Percentage of LIFO Inventory	8%	9.90%
Software and Software Development Costs [Member]
Property, Plant and Equipment, Useful Life (Year)	5 years
Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	2 years
Minimum [Member] | Software and Software Development Costs [Member]
Property, Plant and Equipment, Useful Life (Year)	2 years
Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	30 years
Maximum [Member] | Software and Software Development Costs [Member]
Property, Plant and Equipment, Useful Life (Year)	5 years
Steel Requirements [Member] | Supplier Concentration Risk [Member] | Three Largest Suppliers [Member]
Concentration Risk, Percentage	38%	40%	39%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Top 20 [Member]
Concentration Risk, Percentage	28%	29%	26%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Largest Customer [Member]
Concentration Risk, Percentage	3%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Industrial Machinery and Equipment Manufacturers and Fabricators [Member]
Concentration Risk, Percentage	49%	48%	52%

Note 2 - Acquisitions (Details

Note 2 - Acquisitions (Details Textual) - USD ($) $ in Thousands				12 Months Ended
	Nov. 11, 2024	Oct. 02, 2023	Jan. 03, 2023	Dec. 31, 2024	Dec. 31, 2023
Internally Developed Technology [Member] | Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)				15 years
Internally Developed Technology [Member] | Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)				10 years
Noncompete Agreements [Member]
Finite-Lived Intangible Assets, Net				$ 2,119	$ 1,660
Noncompete Agreements [Member] | Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)				5 years
Noncompete Agreements [Member] | Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)				2 years
Customer Relationships [Member]
Finite-Lived Intangible Assets, Net				$ 65,946	47,475
Customer Relationships [Member] | Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)				26 years
Customer Relationships [Member] | Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)				10 years
Trade Names [Member]
Indefinite-Lived Intangible Assets (Excluding Goodwill)				$ 42,068	36,868
Metal Works [Member]
Payments to Acquire Businesses, Gross	$ 80,000
Business Combination, Acquisition Related Costs				200
Metal Works [Member] | Internally Developed Technology [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 1,900
Finite-Lived Intangible Asset, Useful Life (Year)	10 years
Metal Works [Member] | Noncompete Agreements [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 900
Finite-Lived Intangible Asset, Useful Life (Year)	5 years
Metal Works [Member] | Customer Relationships [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 21,900
Finite-Lived Intangible Asset, Useful Life (Year)	15 years
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)	15 years
Metal Works [Member] | Trade Names [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets	$ 5,200
Central Tube and Bar [Member]
Payments to Acquire Businesses, Gross		$ 40,300
Business Combination, Acquisition Related Costs				900
Business Combination, Consideration Transferred		37,800
Business Combination, Consideration Working Capital Adjustment		$ 2,500
Central Tube and Bar [Member] | Internally Developed Technology [Member]
Finite-Lived Intangible Asset, Useful Life (Year)		10 years
Finite-Lived Intangible Assets, Net		$ 1,700
Central Tube and Bar [Member] | Noncompete Agreements [Member]
Finite-Lived Intangible Assets, Net		$ 400
Central Tube and Bar [Member] | Noncompete Agreements [Member] | Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)		5 years
Central Tube and Bar [Member] | Customer Relationships [Member]
Finite-Lived Intangible Asset, Useful Life (Year)		10 years
Finite-Lived Intangible Assets, Net		$ 3,500
Central Tube and Bar [Member] | Trade Names [Member]
Indefinite-Lived Intangible Assets (Excluding Goodwill)		$ 4,000
Metal-Fab [Member]
Payments to Acquire Businesses, Gross			$ 131,200
Business Combination, Acquisition Related Costs					2,600
Business Combination, Consideration Transferred			131,000
Business Combination, Consideration Cash Adjustment			$ 200
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Inventory					2,100
Metal-Fab [Member] | Internally Developed Technology [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			15 years
Finite-Lived Intangible Assets, Net			$ 5,300
Metal-Fab [Member] | Noncompete Agreements [Member]
Finite-Lived Intangible Assets, Net			$ 1,400
Metal-Fab [Member] | Noncompete Agreements [Member] | Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			5 years
Metal-Fab [Member] | Noncompete Agreements [Member] | Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			2 years
Metal-Fab [Member] | Customer Relationships [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			26 years
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)			26 years
Finite-Lived Intangible Assets, Net			$ 36,500
Metal-Fab [Member] | Trade Names [Member]
Indefinite-Lived Intangible Assets (Excluding Goodwill)			$ 11,500
The 2024 Acquisitions [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual				$ 4,700
The 2023 Acquisitions [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual					$ 110,300

Note 2 - Acquisitions - Purchas

Note 2 - Acquisitions - Purchase Price Allocation (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Nov. 11, 2024	Dec. 31, 2023	Oct. 02, 2023	Jan. 03, 2023	Dec. 31, 2022
Goodwill	$ 83,818		$ 52,091			$ 10,496
Metal Works [Member]
Cash and cash equivalents		$ 0
Accounts receivable, net		2,166
Prepaid expenses and other		2
Inventories, net		3,451
Property and equipment		13,662
Goodwill		31,727
Intangible assets		29,890
Right-of-use and other long-term assets		0
Total assets acquired		80,898
Total liabilities assumed		(898)
Cash paid		$ 80,000
Central Tube and Bar [Member]
Cash and cash equivalents				$ 0
Accounts receivable, net				5,339
Prepaid expenses and other				0
Inventories, net				3,906
Property and equipment				16,193
Goodwill				8,401
Intangible assets				9,590
Right-of-use and other long-term assets				917
Total assets acquired				44,346
Total liabilities assumed				(4,054)
Cash paid				$ 40,292
Metal-Fab [Member]
Cash and cash equivalents					$ 1,728
Accounts receivable, net					10,597
Prepaid expenses and other					740
Inventories, net					17,236
Property and equipment					20,408
Goodwill					33,194
Intangible assets					54,740
Right-of-use and other long-term assets					6,930
Total assets acquired					145,573
Total liabilities assumed					(14,369)
Cash paid					$ 131,204

Note 2 - Acquisitions - Pro For

Note 2 - Acquisitions - Pro Forma (Details) - Metal-Fab [Member] $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares
Net sales | $	$ 2,656,254
Net income (loss) | $	$ 94,619
Basic earnings per share (in dollars per share) | $ / shares	$ 8.19
Diluted earnings per share (in dollars per share) | $ / shares	$ 8.19
Historical OSI [Member]
Net sales | $	$ 2,559,990
Net income (loss) | $	$ 90,931
Basic earnings per share (in dollars per share) | $ / shares	$ 7.87
Diluted earnings per share (in dollars per share) | $ / shares	$ 7.87
Historical [Member]
Net sales | $	$ 95,528
Net income (loss) | $	$ 16,538
Basic earnings per share (in dollars per share) | $ / shares	$ 1.43
Diluted earnings per share (in dollars per share) | $ / shares	$ 1.43
Pro Forma [Member]
Net sales | $	$ 736
Net income (loss) | $	$ (12,850)
Basic earnings per share (in dollars per share) | $ / shares	$ (1.11)
Diluted earnings per share (in dollars per share) | $ / shares	$ (1.11)

Note 3 - Revenue Recognition -

Note 3 - Revenue Recognition - Disaggregation of Revenues, Percentage (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Percentage of net sales	100%	100%	100%
Carbon Flat Products [Member]
Percentage of net sales	25.60%	26.30%	30.30%
Specialty Metals Flat Products [Member]
Percentage of net sales	57.10%	56.60%	53%
Tubular and Pipe Products [Member]
Percentage of net sales	17.30%	17.10%	16.70%
Hot Rolled Products [Member]
Percentage of net sales	28%	28.80%	29.80%
Hot Rolled Products [Member] | Carbon Flat Products [Member]
Percentage of net sales	28%	0%	0%
Hot Rolled Products [Member] | Specialty Metals Flat Products [Member]
Percentage of net sales	0%	28.80%	29.80%
Hot Rolled Products [Member] | Tubular and Pipe Products [Member]
Percentage of net sales	0%	0%	0%
Plate Products [Member]
Percentage of net sales	11.20%	12.90%	13.30%
Plate Products [Member] | Carbon Flat Products [Member]
Percentage of net sales	11.20%	0%	0%
Plate Products [Member] | Specialty Metals Flat Products [Member]
Percentage of net sales	0%	12.90%	13.30%
Plate Products [Member] | Tubular and Pipe Products [Member]
Percentage of net sales	0%	0%	0%
Cold Rolled Products [Member]
Percentage of net sales	4.30%	4%	4.70%
Cold Rolled Products [Member] | Carbon Flat Products [Member]
Percentage of net sales	4.30%	0%	0%
Cold Rolled Products [Member] | Specialty Metals Flat Products [Member]
Percentage of net sales	0%	4%	4.70%
Cold Rolled Products [Member] | Tubular and Pipe Products [Member]
Percentage of net sales	0%	0%	0%
Coated Products [Member]
Percentage of net sales	12.40%	10.30%	4.50%
Coated Products [Member] | Carbon Flat Products [Member]
Percentage of net sales	12.40%	0%	0%
Coated Products [Member] | Specialty Metals Flat Products [Member]
Percentage of net sales	0%	10.30%	4.50%
Coated Products [Member] | Tubular and Pipe Products [Member]
Percentage of net sales	0%	0%	0%
Specialty [Member]
Percentage of net sales	25.60%	26.30%	30.30%
Specialty [Member] | Carbon Flat Products [Member]
Percentage of net sales	0%	26.30%	30.30%
Specialty [Member] | Specialty Metals Flat Products [Member]
Percentage of net sales	25.60%	0%	0%
Specialty [Member] | Tubular and Pipe Products [Member]
Percentage of net sales	0%	0%	0%
Pipe and Tube Products [Member]
Percentage of net sales	17.30%	17.10%	16.70%
Pipe and Tube Products [Member] | Carbon Flat Products [Member]
Percentage of net sales	0%	0%	0%
Pipe and Tube Products [Member] | Specialty Metals Flat Products [Member]
Percentage of net sales	0%	0%	0%
Pipe and Tube Products [Member] | Tubular and Pipe Products [Member]
Percentage of net sales	17.30%	17.10%	16.70%
Product and Service, Other [Member]
Percentage of net sales	1.20%	0.60%	0.70%
Product and Service, Other [Member] | Carbon Flat Products [Member]
Percentage of net sales	1.20%	0%	0%
Product and Service, Other [Member] | Specialty Metals Flat Products [Member]
Percentage of net sales	0%	0.60%	0.70%
Product and Service, Other [Member] | Tubular and Pipe Products [Member]
Percentage of net sales	0%	0%	0%

Note 4 - Accounts Receivable (D

Note 4 - Accounts Receivable (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss, Current	$ 3.7	$ 4.2
Accounts Receivable, Credit Loss Expense (Reversal)	$ 0.3	$ 0.4	$ 2.2

Note 5 - Inventories (Details T

Note 5 - Inventories (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
LIFO Inventory Amount	$ 31.3	$ 38.2
Percentage of LIFO Inventory	8%	9.90%
Inventory, LIFO Reserve, Effect on Income, Net	$ (5.7)	$ (8.3)
Inventory Difference Using FIFO Basis	$ 6.3	$ 12

Note 5 - Inventories - Steel In

Note 5 - Inventories - Steel Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Unprocessed	$ 273,668	$ 282,565
Processed and finished	116,958	103,970
Inventories, net	$ 390,626	$ 386,535

Note 6 - Property and Equipme_3

Note 6 - Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Property and equipment, at cost	$ 519,702	$ 483,448
Financing lease	4,812	5,686
Accumulated depreciation	(315,866)	(297,340)
Net property and equipment	$ 203,836	186,108
Minimum [Member]
Depreciable lives (Year)	2 years
Maximum [Member]
Depreciable lives (Year)	30 years
Land [Member]
Property and equipment, at cost	$ 18,161	16,676
Land Improvements [Member]
Property and equipment, at cost	$ 4,825	4,685
Land Improvements [Member] | Minimum [Member]
Depreciable lives (Year)	5 years
Land Improvements [Member] | Maximum [Member]
Depreciable lives (Year)	10 years
Building and Building Improvements [Member]
Property and equipment, at cost	$ 164,545	158,335
Building and Building Improvements [Member] | Minimum [Member]
Depreciable lives (Year)	7 years
Building and Building Improvements [Member] | Maximum [Member]
Depreciable lives (Year)	30 years
Machinery and Equipment [Member]
Property and equipment, at cost	$ 275,006	254,777
Machinery and Equipment [Member] | Minimum [Member]
Depreciable lives (Year)	2 years
Machinery and Equipment [Member] | Maximum [Member]
Depreciable lives (Year)	15 years
Furniture and Fixtures [Member]
Property and equipment, at cost	$ 6,932	6,849
Furniture and Fixtures [Member] | Minimum [Member]
Depreciable lives (Year)	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Depreciable lives (Year)	7 years
Software and Software Development Costs [Member]
Property and equipment, at cost	$ 26,770	26,787
Depreciable lives (Year)	5 years
Software and Software Development Costs [Member] | Minimum [Member]
Depreciable lives (Year)	2 years
Software and Software Development Costs [Member] | Maximum [Member]
Depreciable lives (Year)	5 years
Vehicles [Member]
Property and equipment, at cost	$ 5,688	5,112
Vehicles [Member] | Minimum [Member]
Depreciable lives (Year)	2 years
Vehicles [Member] | Maximum [Member]
Depreciable lives (Year)	5 years
Construction in Progress [Member]
Property and equipment, at cost	$ 12,963	$ 4,541

Note 7 - Goodwill and Intangi_3

Note 7 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Impairment of Intangible Assets (Excluding Goodwill), Total	$ 0	$ 0
Finite-Lived Intangible Asset, Expected Amortization, Year One	6,100
Finite-Lived Intangible Asset, Expected Amortization, Year Two	5,600
Finite-Lived Intangible Asset, Expected Amortization, Year Three	5,100
Finite-Lived Intangible Asset, Expected Amortization, Year Four	4,800
Finite-Lived Intangible Asset, Expected Amortization, Year Five	4,700
Finite-Lived Intangible Asset, Expected Amortization, after Year Five	$ 3,900
Customer Relationships [Member] | Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	10 years
Customer Relationships [Member] | Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	26 years
Noncompete Agreements [Member] | Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	2 years
Noncompete Agreements [Member] | Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	5 years
Internally Developed Technology [Member] | Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	10 years
Internally Developed Technology [Member] | Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	15 years

Note 7 - Goodwill and Intangi_4

Note 7 - Goodwill and Intangible Assets - Goodwill, by Reportable Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Balance	$ 52,091	$ 10,496
Acquisitions	31,727	41,595
Impairments	0	0
Balance	83,818	52,091
Carbon Flat Products [Member]
Balance	34,259	1,065
Acquisitions	31,727	33,194
Impairments	0	0
Balance	65,986	34,259
Specialty Metals Flat Products [Member]
Balance	9,431	9,431
Acquisitions	0	0
Impairments	0	0
Balance	9,431	9,431
Tubular and Pipe Products [Member]
Balance	8,401	0
Acquisitions	0	8,401
Impairments	0	0
Balance	$ 8,401	$ 8,401

Note 7 - Goodwill and Intangi_5

Note 7 - Goodwill and Intangible Assets - Intangible Assets, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Finite-lived intangible assets, gross	$ 138,656	$ 108,766
Accumulated amortization	(20,545)	(16,145)
Intangible assets, net	118,111	92,621
Trade Names [Member]
Trade name - not subject to amortization	42,068	36,868
Customer Relationships [Member]
Finite-lived intangible assets, gross	84,459	62,559
Accumulated amortization	(18,513)	(15,084)
Finite-lived intangible assets, net	65,946	47,475
Noncompete Agreements [Member]
Finite-lived intangible assets, gross	3,229	2,339
Accumulated amortization	(1,110)	(679)
Finite-lived intangible assets, net	2,119	1,660
Technology-Based Intangible Assets [Member]
Finite-lived intangible assets, gross	8,900	7,000
Accumulated amortization	(922)	(382)
Finite-lived intangible assets, net	$ 7,978	$ 6,618

Note 8 - Leases (Details Textua

Note 8 - Leases (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Cleveland Warehouse [Member]
Lessee, Operating Lease, Renewal Term (Year)	5 years
Chief Executive Officer [Member] | Related Entity That Owns Cleveland Warehouse [Member] | Cleveland Warehouse [Member]
Equity Method Investment, Ownership Percentage	50%
Affiliated Entity [Member] | Cleveland Warehouse [Member]
Lessee, Operating Lease, Renewal Term (Year)	5 years
Operating Lease, Annual Expense	$ 0.2
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	16 years
Lessee, Operating Lease, Renewal Term (Year)	5 years

Note 8 - Leases - Lease Cost (D

Note 8 - Leases - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating lease cost	$ 8,106	$ 9,008	$ 7,446
Amortization	992	1,056	720
Interest on lease liabilities	156	157	67
Finance Lease, Cost	$ 1,148	$ 1,213	$ 787

Note 8 - Leases - Lease Payment

Note 8 - Leases - Lease Payments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating cash flows from operating leases	$ 7,705	$ 8,901	$ 7,268
Operating cash flows from finance leases	156	157	67
Financing cash flows from finance leases	990	1,039	703
Total cash paid for amounts included in the measurement of lease liabilities	$ 8,851	$ 10,097	$ 8,038

Note 8 - Leases - Balance Sheet

Note 8 - Leases - Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Operating lease	$ 54,337	$ 56,117
Operating lease accumulated amortization	(17,401)	(21,737)
Operating lease right of use asset, net	(36,936)	(34,380)
Current portion of lease liabilities	5,865	7,813
Operating lease, operating lease liabilities	31,945	27,261
Total operating lease liabilities	37,810	35,074
Property and equipment, at cost	519,702	483,448
Accumulated depreciation	$ (315,866)	$ (297,340)
Operating leases (Year)	9 years	6 years
Finance leases (Year)	4 years	4 years
Operating leases	5.76%	4.07%
Finance leases	5.89%	5.06%
Assets Held Under Finance Leases [Member]
Property and equipment, at cost	$ 4,812	$ 5,686
Accumulated depreciation	(2,354)	(2,615)
Finance lease right of use asset, net	2,458	3,071
Finance lease current liabilities	853	1,087
Finance lease liabilities	1,697	2,106
Finance Lease, Liability	$ 2,550	$ 3,193

Note 8 - Leases - Maturities of

Note 8 - Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
2025, operating lease	$ 7,859
2025, finance lease	976
2026, operating lease	7,441
2026, finance lease	713
2027, operating lease	6,191
2027, finance lease	600
2028, operating lease	4,984
2028, finance lease	427
2029, operating lease	3,904
2029, finance lease	97
Thereafter, operating lease	20,718
Thereafter, finance lease	8
Operating lease, Total future minimum lease payments	51,097
Finance lease, Total future minimum lease payments	2,821
Operating lease, Less remaining imputed interest	(13,287)
Finance lease, Less remaining imputed interest	(271)
Operating lease, Total	37,810	$ 35,074
Assets Held Under Finance Leases [Member]
Finance lease, Total	$ 2,550	$ 3,193

Note 9 - Debt (Details Textual)

Note 9 - Debt (Details Textual) $ in Millions				12 Months Ended
	Aug. 15, 2024 USD ($)	Dec. 14, 2020 USD ($)	Jan. 10, 2019 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jan. 03, 2023 USD ($)	Jun. 16, 2021 USD ($)
Interest Paid, Including Capitalized Interest, Operating and Investing Activities				$ 15.3	$ 15	$ 9.6
Long-Term Debt, Gross				218.4	239.4	$ 280.4
Industrial Revenue Bond Member [Member]
Debt Issuance Costs, Net				$ 1.1	$ 1.7
All Debt, Excluding Deferred Financing Fees and Deferred Commitment Fees [Member]
Debt Instrument, Interest Rate, Effective Percentage				6.70%	5.90%	3.20%
Forward Interest Rate Hedge [Member]
Derivative, Term of Contract (Year)	2 years
Derivative, Notional Amount	$ 75
Derivative, Fixed Interest Rate	3.82%
Interest Rate Swap [Member]
Derivative, Term of Contract (Year)			5 years
Derivative, Notional Amount			$ 75
Derivative, Fixed Interest Rate			2.57%				2.42%
ABL Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity							$ 625
Derivative, Term of Contract (Year)				5 years
ABL Credit Facility [Member] | Asset Based Revolving Credit Facility Due June 16, 2026 [Member]
Line of Credit Facility, Maximum Borrowing Capacity							$ 595
Letters of Credit, Maximum Borrowing Capacity								$ 20
Maximum First In, Last Out Revolving Credit Facility								30
Line of Credit Facility, Additional Commitments, Maximum								$ 200
Line Of Credit Facility Covenant Terms Monetary		$ 30
Line of Credit Facility Covenant Terms Percentage of Revolver Commitments		10%
Balance Required for Compliance with Revolver Commitments				$ 62.5
Line of Credit Facility Covenant Terms Percentage of Aggregate Borrowing Base		10%
Line of Credit Facility Covenant Terms Aggregate Borrowing Base				$ 47
Line of Credit Facility Covenant Terms EBITDA Ratio				1
Line of Credit Facility, Remaining Borrowing Capacity				$ 192.8
ABL Credit Facility [Member] | Asset Based Revolving Credit Facility Due June 16, 2026 [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate				0%
ABL Credit Facility [Member] | Asset Based Revolving Credit Facility Due June 16, 2026 [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate				0.25%
ABL Credit Facility [Member] | Asset Based Revolving Credit Facility Due June 16, 2026 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate				1.25%
ABL Credit Facility [Member] | Asset Based Revolving Credit Facility Due June 16, 2026 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate				2.75%

Note 9 - Debt - Summary of Debt

Note 9 - Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Asset-based revolving credit facility	$ 272,456	$ 190,198
Total debt	272,456	190,198
Less current amount	0	0
Total long-term debt	272,456	190,198
Asset Based Revolving Credit Facility Due December 8, 2022 [Member]
Asset-based revolving credit facility	$ 272,456	$ 190,198

Note 9 - Debt - Summary of De_2

Note 9 - Debt - Summary of Debt (Details) (Parentheticals)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Asset Based Revolving Credit Facility Due December 8, 2022 [Member]
Maturity date	Jun. 16, 2026	Jun. 16, 2026

Note 9 - Debt - Principal Payme

Note 9 - Debt - Principal Payments Over the Next 5 Years and Thereafter (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
2025	$ 0
2026	272,456
2027	0
2028	0
2029	0
Total	272,456	$ 190,198
ABL Credit Facility [Member]
2025	0
2026	272,456
2027	0
2028	0
2029	0
Total	$ 272,456

Note 10 - Derivative Instrume_3

Note 10 - Derivative Instruments (Details Textual) - USD ($) $ in Millions	Aug. 15, 2024	Jan. 10, 2019	Dec. 31, 2024	Dec. 31, 2023	Jan. 03, 2023
Metal Swaps [Member]
Derivative, Notional Amount			$ 3.5	$ 5.2
Forward Interest Rate Hedge [Member]
Derivative, Notional Amount	$ 75
Derivative, Term of Contract (Year)	2 years
Derivative, Fixed Interest Rate	3.82%
Interest Rate Swap [Member]
Derivative, Notional Amount		$ 75
Derivative, Term of Contract (Year)		5 years
Derivative, Fixed Interest Rate		2.57%			2.42%
Derivative Asset			$ 0.3	$ 0.1

Note 10 - Derivative Instrume_4

Note 10 - Derivative Instruments - Impact from Derivatives on Consolidated Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net Gain (Loss) Recognized	$ 365	$ 1,906	$ (664)
Interest Rate Swap [Member]
Net Gain (Loss) Recognized	365	1,906	(664)
Metal Swaps [Member]
Net Gain (Loss) Recognized	(424)	(1,903)	633
Embedded Customer Derivatives [Member]
Net Gain (Loss) Recognized	$ 424	$ 1,903	$ (633)

Note 11 - Fair Value of Asset_3

Note 11 - Fair Value of Assets and Liabilities (Details Textual) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Revolving Credit Facility [Member]
Long-Term Debt, Fair Value	$ 272.5	$ 190.2

Note 11 - Fair Value of Asset_4

Note 11 - Fair Value of Assets and Liabilities - Fair Value Measurements, Recorded (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Interest Rate Swap [Member]
Derivative Asset	$ 300	$ 100
Fair Value, Recurring [Member]
Total assets at fair value	18,772	16,896
Total liabilities recorded at fair value	3,457	5,224
Fair Value, Recurring [Member] | Supplemental Executive Retirement Plan [Member]
Derivative Asset	15,061	11,617
Fair Value, Recurring [Member] | Metal Swaps [Member]
Derivative Asset	3,055	4,458
Derivative liability	3,457	5,224
Fair Value, Recurring [Member] | Embedded Customer Derivatives [Member]
Derivative Asset	402	766
Fair Value, Recurring [Member] | Interest Rate Swap [Member]
Derivative Asset	254	55
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Total assets at fair value	15,061	11,617
Total liabilities recorded at fair value	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Supplemental Executive Retirement Plan [Member]
Derivative Asset	15,061	11,617
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Metal Swaps [Member]
Derivative Asset	0	0
Derivative liability	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Embedded Customer Derivatives [Member]
Derivative Asset	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member]
Derivative Asset	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Total assets at fair value	3,711	5,279
Total liabilities recorded at fair value	3,457	5,224
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Supplemental Executive Retirement Plan [Member]
Derivative Asset	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Metal Swaps [Member]
Derivative Asset	3,055	4,458
Derivative liability	3,457	5,224
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Embedded Customer Derivatives [Member]
Derivative Asset	402	766
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]
Derivative Asset	254	55
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Total assets at fair value	0	0
Total liabilities recorded at fair value	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Supplemental Executive Retirement Plan [Member]
Derivative Asset	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Metal Swaps [Member]
Derivative Asset	0	0
Derivative liability	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Embedded Customer Derivatives [Member]
Derivative Asset	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]
Derivative Asset	$ 0	$ 0

Note 12 - Equity Plans (Details

Note 12 - Equity Plans (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
C-Suite Long-Term Incentive Plan [Member]
Minimum Return on Assets for Performance-Based Incentives		5%
Performance-Based Award Cap, Percentage of Grant		100%	150%
Chief Executive Officer [Member] | C-Suite Long-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Amount Per Employee		$ 1,100,000	$ 1,100,000
President and Chief Operating Officer [Member] | C-Suite Long-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Amount Per Employee		800,000	600,000
Chief Financial Officer [Member] | C-Suite Long-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Amount Per Employee		500,000	$ 300,000
Restricted Stock [Member] | Non-Employee Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Value		$ 110,000
Restricted Stock [Member] | Non-Employee Director [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage		33.33%
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		34,486	49,768	55,558
Share-Based Payment Arrangement, Expense		$ 1,998,000	$ 1,817,000	$ 1,297,000
Restricted Stock Units (RSUs) [Member] | C-Suite Long-Term Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		17,243	20,000	20,000
Restricted Stock Units (RSUs) [Member] | Performance-Based Cash Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested		$ 3,200,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms (Year)		1 year 8 months 12 days
Restricted Stock Units (RSUs) [Member] | Non-Employee Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Value			$ 80,000
Restricted Stock Units (RSUs) [Member] | Non-Employee Director [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			1 year
Performance Shares [Member] | C-Suite Long-Term Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		17,243	20,000	20,000
Service Based Cash Awards [Member] | C-Suite Long-Term Incentive Plan [Member]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount		$ 37,400	$ 300,000	$ 500,000
Performance-Based Cash Awards [Member] | C-Suite Long-Term Incentive Plan [Member]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount		37,400	$ 300,000	$ 500,000
Performance-Based Cash Awards [Member] | Performance-Based Cash Awards [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested		$ 2,400,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms (Year)		1 year 6 months
Phantom Stock Plan [Member] | Phantom Stock Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms (Year)		1 year 7 months 6 days	1 year 6 months
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	3 years
Share-Based Payment Arrangement, Expense		$ 100,000	$ 1,500,000
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount		800,000	1,600,000
Deferred Compensation Share-Based Arrangements, Liability, Current and Noncurrent		1,600,000	$ 1,800,000
Phantom Stock Plan [Member] | Phantom Stock Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Annual Grant Value		$ 150,000
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)		1,400,000

Note 12 - Equity Plans - Stock-

Note 12 - Equity Plans - Stock-based Compensation Expense Recognized on Restricted Stock Units (Details) - Restricted Stock Units (RSUs) [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement, Expense	$ 1,998	$ 1,817	$ 1,297
RS and RSU expense after taxes	$ 1,466	$ 1,314	$ 954

Note 12 - Equity Plans - Restri

Note 12 - Equity Plans - Restricted Stock Unit Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Beginning balance, number of shares (in shares)	662,103	617,518	576,867
Beginning balance, weighted average estimated fair value (in dollars per share)	$ 20.28	$ 18.95	$ 18.29
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	34,486	49,768	55,558
Granted, weighted average estimated fair value (in dollars per share)	$ 66.7	$ 36.63	$ 25.56
Converted into shares, number of shares (in shares)	0	(2,610)	(5,841)
Converted into shares, weighted average estimated fair value (in dollars per share)	$ 0	$ 18.78	$ 18.16
Forfeited, number of shares (in shares)	(5,348)	(2,573)	(9,066)
Forfeited, weighted average estimated fair value (in dollars per share)	$ 17.97	$ 19.65	$ 17.52
Outstanding, number of shares (in shares)	691,241	662,103	617,518
Outstanding, weighted average estimated fair value (in dollars per share)	$ 22.61	$ 20.28	$ 18.95
Vested, number of shares (in shares)	561,061	454,939	423,941
Vested, weighted average estimated fair value (in dollars per share)	$ 21.37	$ 19.71	$ 19.24

Note 13 - Commitments and Con_2

Note 13 - Commitments and Contingencies (Details Textual)	Dec. 31, 2024
Entity Number of Employees	229
Collective Bargaining Arrangements	7

Note 14 - Income Taxes (Details

Note 14 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Taxes Paid, Net	$ 10,045	$ 13,603	$ 33,404
Deferred Tax Assets, Valuation Allowance	446	489
State and Local Jurisdiction [Member]
Deferred Tax Assets, Valuation Allowance	$ 400	$ 500

Note 14 - Income Taxes - Provis

Note 14 - Income Taxes - Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Federal	$ 7,669	$ 11,574	$ 27,865
International	29	1,047	102
State and local	1,138	2,529	5,691
Current Income Tax Expense (Benefit)	8,836	15,150	33,658
Deferred	(511)	1,908	(967)
Income tax provision	$ 8,325	$ 17,058	$ 32,691

Note 14 - Income Taxes - Deferr

Note 14 - Income Taxes - Deferred Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Inventory (excluding LIFO reserve)	$ 2,980	$ 3,340
Net operating loss and tax credit carryforwards	896	803
Allowance for credit losses	452	657
Accrued expenses	8,865	7,543
Lease liabilities	10,090	9,567
Other	312	379
Deferred tax assets before valuation allowance	23,595	22,289
Valuation allowance	(446)	(489)
Total deferred tax assets	23,149	21,800
Deferred tax liabilities:
LIFO reserve	(3,429)	(3,820)
Property and equipment	(16,058)	(16,223)
Lease right of use assets	(9,848)	(9,363)
Interest rate hedge	(63)	(14)
Intangibles	(4,800)	(3,890)
Total deferred tax liabilities	(34,198)	(33,310)
Deferred tax liabilities, net	$ (11,049)	$ (11,510)

Note 14 - Income Taxes - Unreco

Note 14 - Income Taxes - Unrecognized Tax Benefits Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Balance	$ 174	$ 220	$ 228
Increases related to current year tax positions	0	0	0
Increase (Decrease) related to prior year tax positions	173		8
Increase (Decrease) related to prior year tax positions		(8)
Increase (Decrease) related to prior year tax positions	(173)		(8)
Decreases related to lapsing of statute of limitations	(55)	(8)	0
Settlements	0	(46)	0
Balance	$ 292	$ 174	$ 220

Note 14 - Income Taxes - Tax Ra

Note 14 - Income Taxes - Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
U.S. federal statutory rate in effect	21%	21%	21%
State and local taxes, net of federal benefit	4.30%	4.40%	4.50%
Foreign	0.10%	1.70%	0.10%
Meals and entertainment	1.50%	0.70%	0.20%
Tax credits	(0.80%)	(0.40%)	(0.10%)
All other, net	0.50%	0.30%	0.70%
Effective income tax rate	26.60%	27.70%	26.40%

Note 15 - Shares Outstanding _3

Note 15 - Shares Outstanding and Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Weighted average basic shares outstanding (in shares)	11,677	11,573	11,551
Assumed exercise of stock options and issuance of stock awards (in shares)	0	5	8
Weighted average diluted shares outstanding (in shares)	11,677	11,578	11,559
Net income	$ 22,980	$ 44,529	$ 90,931
Basic earnings per share (in dollars per share)	$ 1.97	$ 3.85	$ 7.87
Diluted earnings per share (in dollars per share)	$ 1.97	$ 3.85	$ 7.87
Unvested RSUs and PSUs (in shares)	134	207	194

Note 16 - Equity Programs (Deta

Note 16 - Equity Programs (Details Textual) $ in Millions		12 Months Ended
	Oct. 02, 2015 USD ($) shares	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 shares	Sep. 03, 2021 USD ($)
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares) | shares	550,000
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased (in shares) | shares		360,212
Treasury Stock, Shares, Acquired (in shares) | shares		0	0
At-the-Market Equity Program [Member]
Stock Issuance Program, Authorized Amount | $				$ 50
Stock Issuance Program, Gross Proceeds, Percent				2%
Stock Issued During Period, Shares, New Issues (in shares) | shares		0	0
ABL Credit Facility [Member]
Unrestricted Common Stock Purchases, Maximum, Value | $	$ 15
ABL Credit Facility [Member] | Stock Repurchases Value Exceeds 5.0 Million, Option 1 [Member] | Minimum [Member]
Line of Credit Facility Covenant Terms Percentage of Revolver Commitments	20%
Balance Required for Compliance with Revolver Commitments | $		$ 125
ABL Credit Facility [Member] | Stock Repurchases Value Exceeds 5.0 Million, Option 2 [Member] | Minimum [Member]
Line of Credit Facility Covenant Terms Percentage of Revolver Commitments	15%
Balance Required for Compliance with Revolver Commitments | $		$ 93.8
Line of Credit Facility Covenant Terms EBITDA Ratio	1

Note 17 - Segment Information_2

Note 17 - Segment Information (Details Textual)	12 Months Ended
	Dec. 31, 2024
Number of Reportable Segments	3

Note 17 - Segment Information -

Note 17 - Segment Information - Segment Financial Information by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net sales	$ 1,941,672	$ 2,158,163	$ 2,559,990
Cost of materials sold	1,490,491	1,684,663	2,073,930
Operating expenses	373,192	369,386	332,575
Depreciation	24,548	21,545	17,285
Amortization	5,582	4,898	2,453
Operating income	47,859	77,671	133,747
Other loss, net	93	78	45
Interest and other expense on debt	16,461	16,006	10,080
Income before income taxes	31,305	61,587	123,622
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]
Net sales	0	0	0
Cost of materials sold	0	0	0
Operating expenses	17,023	20,417	19,716
Depreciation	70	70	70
Amortization	0	0	0
Operating income	(17,093)	(20,487)	(19,786)
Specialty Metals Flat Products [Member] | Operating Segments [Member]
Net sales	496,854	567,728	776,022
Cost of materials sold	406,229	473,784	589,472
Operating expenses	66,978	67,131	88,828
Depreciation	2,863	2,868	2,991
Amortization	1,056	1,061	1,069
Operating income	19,728	22,884	93,662
Carbon Flat Products [Member] | Operating Segments [Member]
Net sales	1,109,100	1,221,093	1,356,605
Cost of materials sold	864,590	963,667	1,164,459
Operating expenses	210,666	208,082	156,436
Depreciation	14,679	12,147	10,298
Amortization	2,750	2,615	397
Operating income	16,415	34,582	25,015
Tubular and Pipe Products [Member] | Operating Segments [Member]
Net sales	335,718	369,342	427,363
Cost of materials sold	219,672	247,212	319,999
Operating expenses	78,525	73,756	67,595
Depreciation	6,936	6,460	3,926
Amortization	1,776	1,222	987
Operating income	$ 28,809	$ 40,692	$ 34,856

Note 17 - Segment Information_3

Note 17 - Segment Information - Segment Reporting Information by Capital Expenditures and Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Capital expenditures	$ 29,487	$ 21,326	$ 19,854
Assets	1,044,496	984,835	891,627
Flat Products Segment [Member]
Capital expenditures	26,562	14,306	15,299
Assets	695,880	649,744	631,607
Tubular and Pipe Products [Member]
Capital expenditures	2,925	7,020	4,555
Assets	347,469	333,677	258,412
Corporate Segment [Member]
Assets	$ 1,147	$ 1,414	$ 1,608

Note 18 - Retirement Plans (Det

Note 18 - Retirement Plans (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2005
Defined Contribution Plan, Administrative Expense	$ 4.6	$ 4.7	$ 4.1
Supplemental Employee Retirement Plan [Member]
Defined Contribution Plan Vesting Period (Year)	7 years
Defined Benefit Plan, Plan Assets, Amount	$ 15.1	$ 11.6
Supplemental Employee Retirement Plan [Member] | Maximum [Member]
Defined Contribution Plan, Compensation Percentage Multiplier				13%
Non-union Flat Rolled Segments’ 401K Retirement Plan [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	6%
Metal-Fab 401(k) Retirement Plans [Member] | First Step of Percent Match [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	5%
Action Stainless & Alloy’s 401(k) Retirement Plans [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	4%
Action Stainless & Alloy’s 401(k) Retirement Plans [Member] | First Step of Percent Match [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	100%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	3%
Action Stainless & Alloy’s 401(k) Retirement Plans [Member] | Second Step of Percent Match [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	2%

Note 19 - Related-party Trans_2

Note 19 - Related-party Transactions (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Cleveland Warehouse [Member]
Lessee, Operating Lease, Number of Renewal Term	2
Lessee, Operating Lease, Renewal Term (Year)	5 years
Chief Executive Officer [Member] | Related Entity That Owns Cleveland Warehouse [Member] | Cleveland Warehouse [Member]
Equity Method Investment, Ownership Percentage	50%
Affiliated Entity [Member] | Cleveland Warehouse [Member]
Operating Lease, Annual Expense	$ 0.2
Lessee, Operating Lease, Renewal Term (Year)	5 years

Schedule II - Valuation and Q_3

Schedule II - Valuation and Qualifying Accounts - Summary of Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Balance at Beginning of Period	$ 2,630	$ 3,831	$ 2,502
Additions Charged to Costs and Expenses	(280)	(425)	2,184
Additions Charged to Other Accounts	0	0	0
Deductions	(543)	(776)	(855)
Balance at End of Period	1,807	2,630	3,831
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Balance at Beginning of Period	489	919	1,197
Additions Charged to Costs and Expenses	0	0	0
Additions Charged to Other Accounts	0	0	0
Deductions	(43)	(430)	(278)
Balance at End of Period	$ 446	$ 489	$ 919