Olympic Steel (ZEUS) 10-Q1 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2024	Nov. 01, 2024
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	Q3
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		11,132,542

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 11,116	$ 13,224
Accounts receivable, net	197,592	191,149
Inventories, net	399,394	386,535
Prepaid expenses and other	14,306	12,261
Total current assets	622,408	603,169
Property and equipment, at cost	506,631	483,448
Accumulated depreciation	(313,775)	(297,340)
Net property and equipment	192,856	186,108
Goodwill	52,091	52,091
Intangible assets, net	89,342	92,621
Other long-term assets	19,642	16,466
Right of use assets, net	35,672	34,380
Total assets	1,012,011	984,835
Liabilities
Accounts payable	125,342	119,718
Accrued payroll	23,366	30,113
Other accrued liabilities	22,569	22,593
Current portion of lease liabilities	5,671	7,813
Total current liabilities	176,948	180,237
Credit facility revolver	197,276	190,198
Other long-term liabilities	24,810	20,151
Deferred income taxes	11,571	11,510
Lease liabilities	30,796	27,261
Total liabilities	441,401	429,357
Shareholders' Equity
Preferred stock	0	0
Common stock	138,040	136,541
Accumulated other comprehensive income (loss)	(408)	41
Retained earnings	432,978	418,896
Total shareholders' equity	570,610	555,478
Total liabilities and shareholders' equity	$ 1,012,011	$ 984,835

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Inventories, LIFO reserves	$ 9,443	$ 12,043

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net sales	$ 469,996	$ 526,411	$ 1,522,888	$ 1,668,755
Costs and expenses
Cost of materials sold (excludes items shown separately below)	363,144	414,480	1,177,229	1,308,988
Warehouse and processing	31,719	28,954	97,855	91,125
Administrative and general	28,226	26,181	87,545	91,047
Distribution	16,881	16,342	51,101	51,531
Selling	10,721	9,587	35,458	30,373
Occupancy	4,262	3,797	13,048	12,452
Depreciation	5,740	5,008	17,585	15,330
Amortization	1,494	1,177	4,210	3,529
Total costs and expenses	462,187	505,526	1,484,031	1,604,375
Operating income	7,809	20,885	38,857	64,380
Other loss, net	26	28	66	67
Income before interest and income taxes	7,783	20,857	38,791	64,313
Interest and other expense on debt	3,880	3,953	12,283	12,379
Income before income taxes	3,903	16,904	26,508	51,934
Income tax provision	1,169	4,674	7,417	14,813
Net income	2,734	12,230	19,091	37,121
Loss on cash flow hedge	(544)	(527)	(585)	(1,133)
Tax effect on cash flow hedge	136	132	136	283
Total comprehensive income	$ 2,326	$ 11,835	$ 18,642	$ 36,271
Earnings per share:
Net income per share - basic (in dollars per share)	$ 0.23	$ 1.06	$ 1.64	$ 3.21
Weighted average shares outstanding - basic (in shares)	11,695	11,586	11,673	11,568
Net income per share - diluted (in dollars per share)	$ 0.23	$ 1.06	$ 1.64	$ 3.21
Weighted average shares outstanding - diluted (in shares)	11,695	11,592	11,673	11,571
Dividends declared per share of common stock (in dollars per share)	$ 0.15	$ 0.125	$ 0.45	$ 0.375

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows provided by operating activities:
Net income	$ 19,091	$ 37,121
Adjustments to reconcile net income to net cash provided by (used in) operating activities -
Depreciation and amortization	21,795	18,859
Amortization of deferred financing fees	584	523
Loss (gain) on disposition of property and equipment	189	(75)
Stock-based compensation	1,499	1,257
Other long-term assets	(4,970)	5,333
Other long-term liabilities	6,593	4,169
Net Cash Provided by (Used in) Operating Activities, Excluding Changes in Working Capital	44,781	67,187
Changes in working capital:
Accounts receivable	(6,443)	2,539
Inventories	(12,859)	41,813
Prepaid expenses and other	(2,018)	(3,989)
Accounts payable	4,357	22,188
Change in outstanding checks	1,267	518
Accrued payroll and other accrued liabilities	(9,971)	(9,257)
Increase (Decrease) in Operating Capital	(25,667)	53,812
Net cash provided by operating activities	19,114	120,999
Cash flows used for investing activities:
Acquisition, net of cash acquired	0	(129,476)
Capital expenditures	(22,308)	(19,564)
Proceeds from disposition of property and equipment	56	129
Net cash used for investing activities	(22,252)	(148,911)
Cash flows from financing activities:
Credit facility revolver borrowings	469,117	552,666
Credit facility revolver repayments	(462,039)	(521,797)
Principal payment under finance lease obligation	(930)	(737)
Credit facility fees and expenses	(109)	(1,143)
Dividends paid on common stock	(5,009)	(4,175)
Net cash provided by financing activities	1,030	24,814
Cash and cash equivalents:
Net change	(2,108)	(3,098)
Beginning balance	13,224	12,189
Ending balance	11,116	9,091
Interest paid	11,487	11,475
Income taxes paid	$ 7,507	$ 5,599

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2022	$ 134,724	$ 1,311	$ 379,933	$ 515,968
Net income	0	0	37,121	37,121
Payment of dividends on common stock ($0.150 per share)	0	0	(4,175)	(4,175)
Stock-based compensation	1,257	0		1,257
Changes in fair value of hedges, net of tax	0	(850)	0	(850)
Balance at Sep. 30, 2023	135,981	461	412,879	549,321
Balance at Jun. 30, 2023	135,566	856	402,041	538,463
Net income	0	0	12,230	12,230
Payment of dividends on common stock ($0.150 per share)	0	0	(1,392)	(1,392)
Stock-based compensation	415	0		415
Changes in fair value of hedges, net of tax	0	(395)	0	(395)
Balance at Sep. 30, 2023	135,981	461	412,879	549,321
Balance at Dec. 31, 2023	136,541	41	418,896	555,478
Net income	0	0	19,091	19,091
Payment of dividends on common stock ($0.150 per share)	0	0	(5,009)	(5,009)
Stock-based compensation	1,499	0		1,499
Changes in fair value of hedges, net of tax	0	(449)	0	(449)
Balance at Sep. 30, 2024	138,040	(408)	432,978	570,610
Balance at Jun. 30, 2024	137,541	0	431,912	569,453
Net income	0	0	2,734	2,734
Payment of dividends on common stock ($0.150 per share)	0	0	(1,670)	(1,670)
Stock-based compensation	499	0		499
Changes in fair value of hedges, net of tax	0	(408)	0	(408)
Other	0	0	2	2
Balance at Sep. 30, 2024	$ 138,040	$ (408)	$ 432,978	$ 570,610

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Common Stock, Dividends, Per Share, Cash Paid	$ 0.15	$ 0.125	$ 0.45	$ 0.375

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
Note 1 - Basis of Presentation	Sep. 30, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. 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), without audit and reflect all normal and recurring adjustments which are, in the opinion of management, necessary to fairly state the results of the interim periods covered by this report. Year-to-date results are not 2024 10 December 31, 2023 The Company operates in three The primary focus of the specialty metals flat products segment is on the direct sale and distribution of 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 geographical footprint and enhanced its product offerings in stainless steel and aluminum plate, sheet, angles, flat bar, tube and pipe and the manufacturing and distribution of stainless steel bollards and water treatment systems. The primary focus of the carbon flat products segment is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts. Through acquisitions, the carbon flat products segment has expanded its product offerings to include self-dumping 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 The flat products segment acts as an intermediary between metals producers and manufacturers that require processed metals for their operations. The flat products segment serves customers in most metals consuming industries, including food service and commercial appliances, manufacturers and fabricators of transportation and material handling equipment, construction and farm machinery, storage tanks, environmental and energy generation equipment, automobiles, military vehicles and equipment, as well as general and plate fabricators and metals service centers. These products are primarily distributed through a direct sales force. Combined, the carbon and specialty metals flat products segments have 36 strategically located processing and distribution facilities in the United States and one The primary focus of the tubular and pipe products segment is on the distribution of metal tubing, pipe, bar, valve and fittings and the fabrication of pressure parts supplied to various industrial markets. Through the acquisition of Central Tube and Bar (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 Impact of Recently Issued Accounting Pronouncements In November 2023 No. 2023 07, 280 not 280, December 15, 2023 December 15, 2024 not 2023 07 In December 2023 No. 2023 09, 740 December 15, 2024 not 2039 09

Note 2 - Revenue Recognition

Note 2 - Revenue Recognition	9 Months Ended
Note 2 - Revenue Recognition	Sep. 30, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	2. 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, venting, micro air and clean air 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 Within the metals industry, revenue is frequently disaggregated by products sold. The table below disaggregates the Company’s revenues by segment and products sold. Disaggregated Revenue by Products Sold For the Three Months Ended September 30, 2024 Specialty metals flat Carbon flat Tubular and products products pipe products Total Specialty 26.7 % - - 26.7 % Hot Rolled - 26.7 % - 26.7 % Tube - - 16.9 % 16.9 % Coated - 12.9 % - 12.9 % Plate - 9.6 % - 9.6 % Cold Rolled - 5.6 % - 5.6 % Other - 1.6 % - 1.6 % Total 26.7 % 56.4 % 16.9 % 100.0 % Disaggregated Revenue by Products Sold For the Nine Months Ended September 30, 2024 Specialty metals flat Carbon flat Tubular and products products pipe products Total Specialty 25.4 % - - 25.4 % Hot Rolled - 28.0 % - 28.0 % Tube - - 17.3 % 17.3 % Coated - 12.0 % - 12.0 % Plate - 11.7 % - 11.7 % Cold Rolled - 4.7 % - 4.7 % Other - 0.9 % - 0.9 % Total 25.4 % 57.3 % 17.3 % 100.0 % Disaggregated Revenue by Products Sold For the Three Months Ended September 30, 2023 Specialty metals flat Carbon flat Tubular and products products pipe products Total Specialty 25.2 % - - 25.2 % Hot Rolled - 32.7 % - 32.7 % Tube - - 16.9 % 16.9 % Coated - 6.2 % - 6.2 % Plate - 8.9 % - 8.9 % Cold Rolled - 4.2 % - 4.2 % Other - 5.9 % - 5.9 % Total 25.2 % 57.9 % 16.9 % 100.0 % Disaggregated Revenue by Products Sold For the Nine Months Ended September 30, 2023 Specialty metals flat Carbon flat Tubular and products products pipe products Total Specialty 26.7 % - - 26.7 % Hot Rolled - 30.1 % - 30.1 % Tube - - 16.9 % 16.9 % Coated - 5.4 % - 5.4 % Plate - 11.7 % - 11.7 % Cold Rolled - 3.9 % - 3.9 % Other - 5.3 % - 5.3 % Total 26.7 % 56.4 % 16.9 % 100.0 %

Note 3 - Accounts Receivable

Note 3 - Accounts Receivable	9 Months Ended
Note 3 - Accounts Receivable	Sep. 30, 2024
Notes to Financial Statements
Financing Receivables [Text Block]	3. Accounts Receivable : Accounts receivable are presented net of allowances for credit losses and unissued credits of $3.9 million and $4.2 million as of September 30, 2024 December 31, 2023

Note 4 - Inventories

Note 4 - Inventories	9 Months Ended
Note 4 - Inventories	Sep. 30, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]	4. Inventories: Inventories consisted of the following: Inventory as of (in thousands) September 30, 2024 December 31, 2023 Unprocessed $ 288,010 $ 282,565 Processed and finished 111,384 103,970 Totals $ 399,394 $ 386,535 The Company values certain of its tubular and pipe products inventory at the last-in, first September 30, 2024 December 31, 2023 first first During the three nine September 30, 2024 three nine September 30, 2023 If the FIFO method had been in use, inventories would have been $9.4 million higher than reported as of September 30, 2024 December 31, 2023

Note 5 - Goodwill and Intangibl

Note 5 - Goodwill and Intangible Assets	9 Months Ended
Note 5 - Goodwill and Intangible Assets	Sep. 30, 2024
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	5. Goodwill and Intangible Assets: The Company's intangible assets were recorded in connection with its acquisitions of Metal-Fab and CTB in 2023 2021 2020 2019, 2018 2011. Goodwill, by reportable unit, was as follows as of September 30, 2024 December 31, 2023 Carbon Flat Specialty Metals Tubular and (in thousands) Products Flat Products Pipe Products Total Balance as of December 31, 2023 $ 34,259 $ 9,431 $ 8,401 $ 52,091 Acquisitions - - - - Impairments - - - - Balance as of September 30, 2024 $ 34,259 $ 9,431 $ 8,401 $ 52,091 Intangible assets, net, consisted of the following as of September 30, 2024 December 31, 2023 As of September 30, 2024 Gross Carrying Accumulated Intangible (in thousands) Amount Amortization Assets, Net Customer relationships - subject to amortization $ 62,559 $ (17,638 ) $ 44,921 Covenant not to compete - subject to amortization 2,339 (991 ) 1,348 Technology and know-how - subject to amortization 7,000 (795 ) 6,205 Trade name - not subject to amortization 36,868 - 36,868 $ 108,766 $ (19,424 ) $ 89,342 As of December 31, 2023 Gross Carrying Accumulated Intangible (in thousands) Amount Amortization 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 Company estimates that amortization expense for its intangible assets subject to amortization will be approximately $4.3 million per year for the next two the following year and then $3.3 million and $3.0 million, r espectively, over the next two

Note 6 - Leases

Note 6 - Leases	9 Months Ended
Note 6 - Leases	Sep. 30, 2024
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	6. Leases : The components of lease expense were as follows: For the Three Months For the Nine Months Ended September 30, Ended September 30, (in thousands) 2024 2023 2024 2023 Operating lease cost $ 2,111 $ 2,099 $ 6,660 $ 6,354 Finance lease cost: Amortization of right-of-use assets $ 331 $ 264 $ 922 $ 756 Interest on lease liabilities 66 37 147 112 Total finance lease cost $ 397 $ 301 $ 1,069 $ 868 Supplemental cash flow information related to leases was as follows: For the Three Months For the Nine Months Ended September 30, Ended September 30, (in thousands) 2024 2023 2024 2023 Cash paid for lease liabilities: Operating cash flows from operating leases $ 2,031 $ 2,079 $ 6,540 $ 6,267 Operating cash flows from finance leases 66 37 147 112 Financing cash flows from finance leases 327 265 930 737 Total cash paid for lease liabilities $ 2,424 $ 2,381 $ 7,617 $ 7,116 Supplemental balance sheet information related to leases was as follows: September 30, December 31, (in thousands) 2024 2023 Operating Leases Operating lease $ 52,656 $ 56,117 Operating lease accumulated amortization (16,984 ) (21,737 ) Operating lease right-of-use asset, net 35,672 34,380 Operating lease current liabilities 5,671 7,813 Operating lease liabilities 30,796 27,261 Total operating lease liabilities $ 36,467 $ 35,074 Finance Leases Finance lease 8,697 5,686 Finance lease accumulated depreciation (3,356 ) (2,615 ) Finance lease, net 5,341 3,071 Finance lease current liabilities 1,426 1,087 Finance lease liabilities 4,086 2,106 Total finance lease liabilities $ 5,512 $ 3,193 Weighted Average Remaining Lease Term Operating leases (in years) 9 6 Finance leases (in years) 5 4 Weighted Average Discount Rate Operating leases 5.68 % 4.07 % Finance leases 6.22 % 5.06 % Maturities of lease liabilities were as follows: Operating Finance (in thousands) Leases Leases Year Ending December 31, 2024 $ 2,013 $ 464 2025 7,331 1,621 2026 6,831 1,267 2027 5,576 1,061 2028 4,386 875 Thereafter 23,552 1,107 Total future minimum lease payments $ 49,689 $ 6,395 Less remaining imputed interest (13,222 ) (883 ) Total $ 36,467 $ 5,512

Note 7 - Debt

Note 7 - Debt	9 Months Ended
Note 7 - Debt	Sep. 30, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	7. Debt : The Company’s debt is comprised of the following components: As of September 30, December 31, (in thousands) 2024 2023 Asset-based revolving credit facility due June 16, 2026 $ 197,276 $ 190,198 Total debt $ 197,276 $ 190,198 The Company's ABL Credit Facility is collateralized by the Company's accounts receivable, inventory, personal property and certain real estate. The ABL Cre first may, 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 liens securing indebtedness; (vii) consolidate, merge or transfer all or substantially all of the Company’s assets; and (viii) engage in transactions with affiliates. In addition, the ABL Credit Facility contains a financial covenant which requires if any commitments or obligations are outstanding and the Company’s availability is less than the greater of $30 million or 10.0% of the aggregate amount of revolver commitments ($62.5 million at September 30, 2024 e borrowing base ( at September 30, 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 rec twelve As of September 30, 2024 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 Secur om to . On August 15, 2024 two On January 10, 2019, five January 3, 2023, January 10, 2024. As of September 30, 2024 December 31, 2023 and , respect five

Note 8 - Derivative Instruments

Note 8 - Derivative Instruments	9 Months Ended
Note 8 - Derivative Instruments	Sep. 30, 2024
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	8. Derivative Instruments : Metals swaps and embedded customer derivatives Duri ng 2024 and 2023 , the Co third fourth 2024 third 2025 third third These derivatives have not third not September 30, 2024 September 30, 2024 Fixed rate interest rate hedge On August 15, 2024 two September 30, 2024 On January 10, 2019, five January 3, 2023, January 10, 2024. The table below shows the total impact to the Company’s Consolidated Statements of Comprehensive Income through pre-tax income of the derivatives for the three nine September 30, 2024 2023 Net Gain (Loss) Recognized For the Three Months For the Nine Months Ended September 30, Ended September 30, (in thousands) 2024 2023 2024 2023 Fixed interest rate hedge $ 138 $ 543 $ 193 $ 1,347 Metals swaps (19 ) (428 ) 205 (1,204 ) Embedded customer derivatives 19 428 (205 ) 1,204 Total gain $ 138 $ 543 $ 193 $ 1,347

Note 9 - Fair Value of Assets a

Note 9 - Fair Value of Assets and Liabilities	9 Months Ended
Note 9 - Fair Value of Assets and Liabilities	Sep. 30, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	9. Fair Value of Assets and Liabilities : During the nine September 30, 2024 no 1, 2 3 no September 30, 2024 December 31, 2023 The following table presents 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 September 30, 2024 (in thousands) Level 1 Level 2 Level 3 Total Assets: Metal swaps $ - $ 5,376 $ - $ 5,376 Supplemental executive retirement plan 14,814 - - 14,814 Total assets at fair value $ 14,814 $ 5,376 $ - $ 20,190 Liabilities: Metal swaps $ - $ 5,308 $ - $ 5,308 Embedded customer derivative - 68 - 68 Fixed Interest rate hedge - 544 - 544 Total liabilities recorded at fair value $ - $ 5,920 $ - $ 5,920 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 derivative - 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 at fair value $ - $ 5,224 $ - $ 5,224 The value of the items not The carrying value of the ABL Credit Fa cility was and at September 30, 2024 December 31, 2023

Note 10 - Accumulated Other Com

Note 10 - Accumulated Other Comprehensive Income	9 Months Ended
Note 10 - Accumulated Other Comprehensive Income	Sep. 30, 2024
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	10. Accumulated Other Comprehensive Income : On August 15, 2024 two September 30, 2024 On January 10, 2019, five January 3, 2023, January 10, 2024.

Note 11 - Equity Plans

Note 11 - Equity Plans	9 Months Ended
Note 11 - Equity Plans	Sep. 30, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	11. Equity Plans : Restricted Shares, Restricted Stock Units and Performance Share Units Pursuant to the Amended and Restated Olympic Steel 2007 may share The annual award f or 2024 per director was of RSs. one third December 31, 2024, December 31, 2025 December 31, 2026. not T 2023 $80,000 2023 one not In January 2022 may may 2024 for t For 2023 , the total eds five perce three one 2024 2023 5 no ten Stock-based compensation expense recognized on RSUs for the three nine September 30, 2024 2023 For the Three Months Ended For the Nine Months Ended September 30, September 30, (in thousands, except per share data) 2024 2023 2024 2023 RS and RSU expense before taxes $ 499 $ 415 $ 1,499 $ 1,257 RS and RSU expense after taxes $ 349 $ 300 $ 1,080 $ 898 All pre-tax charges related to RSs and RSUs were included in the caption “Administrative and general” on the accompanying Consolidated Statements of Comprehensive Income. The following table summarizes the activity related to RSs for the three September 30, 2024 2023 As of September 30, 2024 As of September 30, 2023 Number of Weighted Average Number of Weighted Average Shares Granted Price Shares Granted Price Outstanding at December 31 - $ - - $ - Granted 10,050 65.65 - - Outstanding at September 30 10,050 $ 65.65 - $ - Vested at September 30 - $ - - $ - The following table summarizes the activity related to RSUs for the nine September 30, 2024 2023 As of September 30, 2024 As of September 30, 2023 Number of Weighted Average Number of Weighted Average Shares Granted Price Shares Granted Price Outstanding at December 31 662,103 $ 20.28 617,518 $ 18.95 Granted 34,486 66.70 49,768 36.63 Converted into shares - - (2,610 ) 18.78 Forfeited (2,570 ) 16.99 (2,573 ) 19.65 Outstanding at September 30 694,019 $ 22.60 662,103 $ 20.28 Vested at September 30 563,839 $ 19.69 454,939 $ 19.71

Note 12 - Income Taxes

Note 12 - Income Taxes	9 Months Ended
Note 12 - Income Taxes	Sep. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	12. Income Taxes : For the three September 30, 2024 ncome tax provision of $1.2 million , or , compared to an income tax provision of $4.7 million , or , for the three September 30, 2023 nine September 30, 2024 nine September 30, 2023 The tax provision for the interim period is determined using an estimate of the Company’s annual effective tax rate, adjusted for discrete items that are taken into account in the relevant period. Each quarter, the Company updates the estimate of the annual effective tax rate, and if the estimated tax rate changes, the Company makes a cumulative adjustment. The quarterly tax provision and the quarterly estimate of the annual effective tax rate is subject to significant volatility due to several factors, including variability in accurately predicting the Company’s pre-tax and taxable income and the mix of jurisdictions to which they relate, changes in law and relative changes of expenses or losses for which tax benefits are not

Note 13 - Shares Outstanding an

Note 13 - Shares Outstanding and Earnings Per Share	9 Months Ended
Note 13 - Shares Outstanding and Earnings Per Share	Sep. 30, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	13. 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 Three Months Ended For the Nine Months Ended September 30, September 30, (in thousands, except per share data) 2024 2023 2024 2023 Weighted average basic shares outstanding 11,695 11,586 11,673 11,568 Assumed exercise of stock options and issuance of stock awards - 6 - 3 Weighted average diluted shares outstanding 11,695 11,592 11,673 11,571 Net income $ 2,734 $ 12,230 $ 19,091 $ 37,121 Basic earnings per share $ 0.23 $ 1.06 $ 1.64 $ 3.21 Diluted earnings per share $ 0.23 $ 1.06 $ 1.64 $ 3.21 Unvested RSs and RSUs 140 207 140 207

Note 14 - Stock Repurchase Prog

Note 14 - Stock Repurchase Program	9 Months Ended
Note 14 - Stock Repurchase Program	Sep. 30, 2024
Notes to Financial Statements
Treasury Stock [Text Block]	14. Stock Repurchase Program : On October 2, 2015 ram 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 in the aggregate during any trailing twelve $15 in the aggregate require the Company to (i) maintain availability in excess of of the aggregate revolver commitments ( at September 30, 2024 ) or (ii) to maintain availability equal to or greater than of the aggregate revolver commitments ( at September 30, 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 . There were no three nine September 30, 2024 2023 September 30, 2024 At-the-Market Equity Program On September 3, 2021 September 3, 2021 not No three nine September 30, 2024 2023

Note 15 - Segment Information

Note 15 - Segment Information	9 Months Ended
Note 15 - Segment Information	Sep. 30, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	15. Segment Information : The Company follows the accounting guidance that requires the utilization of a “management approach” to define and report the financial results of operating 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 CODM evaluates performance and allocates resources based primarily on operating income. The operating segments are based primarily on internal management reporting. The Company operates in three 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 The following table provides financial information by segment and reconciles the Company’s operating income by segment to the consolidated income before income taxes for the three nine September 30, 2024 2023 For the Three Months Ended For the Nine Months Ended September 30, September 30, (in thousands) 2024 2023 2024 2023 Net sales Specialty metals flat products $ 125,693 $ 132,763 $ 386,100 $ 446,327 Carbon flat products 264,849 304,478 873,579 940,925 Tubular and pipe products 79,454 89,170 263,209 281,503 Total net sales $ 469,996 $ 526,411 $ 1,522,888 $ 1,668,755 Depreciation and amortization Specialty metals flat products $ 1,005 $ 871 $ 2,922 $ 2,878 Carbon flat products 4,028 3,568 12,221 10,891 Tubular and pipe products 2,184 1,729 6,600 5,038 Corporate 17 17 52 52 Total depreciation and amortization $ 7,234 $ 6,185 $ 21,795 $ 18,859 Operating income Specialty metals flat products $ 4,936 $ 4,668 $ 16,716 $ 20,606 Carbon flat products 434 9,949 14,452 30,590 Tubular and pipe products 6,476 10,033 20,600 29,145 Corporate expenses (4,037 ) (3,765 ) (12,911 ) (15,961 ) Total operating income $ 7,809 $ 20,885 $ 38,857 $ 64,380 Other loss, net 26 28 66 67 Income before interest and income taxes 7,783 20,857 38,791 64,313 Interest and other expense on debt 3,880 3,953 12,283 12,379 Income before income taxes $ 3,903 $ 16,904 $ 26,508 $ 51,934 For the Nine Months Ended September 30, (in thousands) 2024 2023 Capital expenditures Flat products segments $ 18,458 $ 12,711 Tubular and pipe products 3,850 6,593 Corporate - 260 Total capital expenditures $ 22,308 $ 19,564 As of September 30, December 31, (in thousands) 2024 2023 Assets Flat products segments $ 666,508 $ 649,744 Tubular and pipe products 344,289 333,677 Corporate 1,214 1,414 Total assets $ 1,012,011 $ 984,835 There were no 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.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
Insider Trading Arrangements	Sep. 30, 2024	Sep. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]		5. Other Information Trading Arrangements During the quarter ended September 30, 2024 no 16a 1 10b5 1 10b5 1 408
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

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
Significant Accounting Policies (Policies)	Sep. 30, 2024
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Impact of Recently Issued Accounting Pronouncements In November 2023 No. 2023 07, 280 not 280, December 15, 2023 December 15, 2024 not 2023 07 In December 2023 No. 2023 09, 740 December 15, 2024 not 2039 09

Note 2 - Revenue Recognition (T

Note 2 - Revenue Recognition (Tables)	9 Months Ended
Note 2 - Revenue Recognition (Tables)	Sep. 30, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Disaggregated Revenue by Products Sold For the Three Months Ended September 30, 2024 Specialty metals flat Carbon flat Tubular and products products pipe products Total Specialty 26.7 % - - 26.7 % Hot Rolled - 26.7 % - 26.7 % Tube - - 16.9 % 16.9 % Coated - 12.9 % - 12.9 % Plate - 9.6 % - 9.6 % Cold Rolled - 5.6 % - 5.6 % Other - 1.6 % - 1.6 % Total 26.7 % 56.4 % 16.9 % 100.0 % Disaggregated Revenue by Products Sold For the Nine Months Ended September 30, 2024 Specialty metals flat Carbon flat Tubular and products products pipe products Total Specialty 25.4 % - - 25.4 % Hot Rolled - 28.0 % - 28.0 % Tube - - 17.3 % 17.3 % Coated - 12.0 % - 12.0 % Plate - 11.7 % - 11.7 % Cold Rolled - 4.7 % - 4.7 % Other - 0.9 % - 0.9 % Total 25.4 % 57.3 % 17.3 % 100.0 % Disaggregated Revenue by Products Sold For the Three Months Ended September 30, 2023 Specialty metals flat Carbon flat Tubular and products products pipe products Total Specialty 25.2 % - - 25.2 % Hot Rolled - 32.7 % - 32.7 % Tube - - 16.9 % 16.9 % Coated - 6.2 % - 6.2 % Plate - 8.9 % - 8.9 % Cold Rolled - 4.2 % - 4.2 % Other - 5.9 % - 5.9 % Total 25.2 % 57.9 % 16.9 % 100.0 % Disaggregated Revenue by Products Sold For the Nine Months Ended September 30, 2023 Specialty metals flat Carbon flat Tubular and products products pipe products Total Specialty 26.7 % - - 26.7 % Hot Rolled - 30.1 % - 30.1 % Tube - - 16.9 % 16.9 % Coated - 5.4 % - 5.4 % Plate - 11.7 % - 11.7 % Cold Rolled - 3.9 % - 3.9 % Other - 5.3 % - 5.3 % Total 26.7 % 56.4 % 16.9 % 100.0 %

Note 4 - Inventories (Tables)

Note 4 - Inventories (Tables)	9 Months Ended
Note 4 - Inventories (Tables)	Sep. 30, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	Inventory as of (in thousands) September 30, 2024 December 31, 2023 Unprocessed $ 288,010 $ 282,565 Processed and finished 111,384 103,970 Totals $ 399,394 $ 386,535

Note 5 - Goodwill and Intangi_2

Note 5 - Goodwill and Intangible Assets (Tables)	9 Months Ended
Note 5 - Goodwill and Intangible Assets (Tables)	Sep. 30, 2024
Notes Tables
Schedule of Goodwill [Table Text Block]	Carbon Flat Specialty Metals Tubular and (in thousands) Products Flat Products Pipe Products Total Balance as of December 31, 2023 $ 34,259 $ 9,431 $ 8,401 $ 52,091 Acquisitions - - - - Impairments - - - - Balance as of September 30, 2024 $ 34,259 $ 9,431 $ 8,401 $ 52,091
Schedule of Finite and Indefinite Lived Intangible Assets [Table Text Block]	As of September 30, 2024 Gross Carrying Accumulated Intangible (in thousands) Amount Amortization Assets, Net Customer relationships - subject to amortization $ 62,559 $ (17,638 ) $ 44,921 Covenant not to compete - subject to amortization 2,339 (991 ) 1,348 Technology and know-how - subject to amortization 7,000 (795 ) 6,205 Trade name - not subject to amortization 36,868 - 36,868 $ 108,766 $ (19,424 ) $ 89,342 As of December 31, 2023 Gross Carrying Accumulated Intangible (in thousands) Amount Amortization 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 6 - Leases (Tables)

Note 6 - Leases (Tables)	9 Months Ended
Note 6 - Leases (Tables)	Sep. 30, 2024
Notes Tables
Lease, Cost [Table Text Block]	For the Three Months For the Nine Months Ended September 30, Ended September 30, (in thousands) 2024 2023 2024 2023 Operating lease cost $ 2,111 $ 2,099 $ 6,660 $ 6,354 Finance lease cost: Amortization of right-of-use assets $ 331 $ 264 $ 922 $ 756 Interest on lease liabilities 66 37 147 112 Total finance lease cost $ 397 $ 301 $ 1,069 $ 868
Lease, Payment [Table Text Block]	For the Three Months For the Nine Months Ended September 30, Ended September 30, (in thousands) 2024 2023 2024 2023 Cash paid for lease liabilities: Operating cash flows from operating leases $ 2,031 $ 2,079 $ 6,540 $ 6,267 Operating cash flows from finance leases 66 37 147 112 Financing cash flows from finance leases 327 265 930 737 Total cash paid for lease liabilities $ 2,424 $ 2,381 $ 7,617 $ 7,116
Lease, Balance Sheet Information [Table Text Block]	September 30, December 31, (in thousands) 2024 2023 Operating Leases Operating lease $ 52,656 $ 56,117 Operating lease accumulated amortization (16,984 ) (21,737 ) Operating lease right-of-use asset, net 35,672 34,380 Operating lease current liabilities 5,671 7,813 Operating lease liabilities 30,796 27,261 Total operating lease liabilities $ 36,467 $ 35,074 Finance Leases Finance lease 8,697 5,686 Finance lease accumulated depreciation (3,356 ) (2,615 ) Finance lease, net 5,341 3,071 Finance lease current liabilities 1,426 1,087 Finance lease liabilities 4,086 2,106 Total finance lease liabilities $ 5,512 $ 3,193 Weighted Average Remaining Lease Term Operating leases (in years) 9 6 Finance leases (in years) 5 4 Weighted Average Discount Rate Operating leases 5.68 % 4.07 % Finance leases 6.22 % 5.06 %
Operating and Finance Lease, Liability, Maturity [Table Text Block]	Operating Finance (in thousands) Leases Leases Year Ending December 31, 2024 $ 2,013 $ 464 2025 7,331 1,621 2026 6,831 1,267 2027 5,576 1,061 2028 4,386 875 Thereafter 23,552 1,107 Total future minimum lease payments $ 49,689 $ 6,395 Less remaining imputed interest (13,222 ) (883 ) Total $ 36,467 $ 5,512

Note 7 - Debt (Tables)

Note 7 - Debt (Tables)	9 Months Ended
Note 7 - Debt (Tables)	Sep. 30, 2024
Notes Tables
Schedule of Debt [Table Text Block]	As of September 30, December 31, (in thousands) 2024 2023 Asset-based revolving credit facility due June 16, 2026 $ 197,276 $ 190,198 Total debt $ 197,276 $ 190,198

Note 8 - Derivative Instrumen_2

Note 8 - Derivative Instruments (Tables)	9 Months Ended
Note 8 - Derivative Instruments (Tables)	Sep. 30, 2024
Notes Tables
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	Net Gain (Loss) Recognized For the Three Months For the Nine Months Ended September 30, Ended September 30, (in thousands) 2024 2023 2024 2023 Fixed interest rate hedge $ 138 $ 543 $ 193 $ 1,347 Metals swaps (19 ) (428 ) 205 (1,204 ) Embedded customer derivatives 19 428 (205 ) 1,204 Total gain $ 138 $ 543 $ 193 $ 1,347

Note 9 - Fair Value of Assets_2

Note 9 - Fair Value of Assets and Liabilities (Tables)	9 Months Ended
Note 9 - Fair Value of Assets and Liabilities (Tables)	Sep. 30, 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 September 30, 2024 (in thousands) Level 1 Level 2 Level 3 Total Assets: Metal swaps $ - $ 5,376 $ - $ 5,376 Supplemental executive retirement plan 14,814 - - 14,814 Total assets at fair value $ 14,814 $ 5,376 $ - $ 20,190 Liabilities: Metal swaps $ - $ 5,308 $ - $ 5,308 Embedded customer derivative - 68 - 68 Fixed Interest rate hedge - 544 - 544 Total liabilities recorded at fair value $ - $ 5,920 $ - $ 5,920 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 derivative - 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 at fair value $ - $ 5,224 $ - $ 5,224

Note 11 - Equity Plans (Tables)

Note 11 - Equity Plans (Tables)	9 Months Ended
Note 11 - Equity Plans (Tables)	Sep. 30, 2024
Notes Tables
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	For the Three Months Ended For the Nine Months Ended September 30, September 30, (in thousands, except per share data) 2024 2023 2024 2023 RS and RSU expense before taxes $ 499 $ 415 $ 1,499 $ 1,257 RS and RSU expense after taxes $ 349 $ 300 $ 1,080 $ 898
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	As of September 30, 2024 As of September 30, 2023 Number of Weighted Average Number of Weighted Average Shares Granted Price Shares Granted Price Outstanding at December 31 - $ - - $ - Granted 10,050 65.65 - - Outstanding at September 30 10,050 $ 65.65 - $ - Vested at September 30 - $ - - $ -
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	As of September 30, 2024 As of September 30, 2023 Number of Weighted Average Number of Weighted Average Shares Granted Price Shares Granted Price Outstanding at December 31 662,103 $ 20.28 617,518 $ 18.95 Granted 34,486 66.70 49,768 36.63 Converted into shares - - (2,610 ) 18.78 Forfeited (2,570 ) 16.99 (2,573 ) 19.65 Outstanding at September 30 694,019 $ 22.60 662,103 $ 20.28 Vested at September 30 563,839 $ 19.69 454,939 $ 19.71

Note 13 - Shares Outstanding _2

Note 13 - Shares Outstanding and Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Three Months Ended For the Nine Months Ended September 30, September 30, (in thousands, except per share data) 2024 2023 2024 2023 Weighted average basic shares outstanding 11,695 11,586 11,673 11,568 Assumed exercise of stock options and issuance of stock awards - 6 - 3 Weighted average diluted shares outstanding 11,695 11,592 11,673 11,571 Net income $ 2,734 $ 12,230 $ 19,091 $ 37,121 Basic earnings per share $ 0.23 $ 1.06 $ 1.64 $ 3.21 Diluted earnings per share $ 0.23 $ 1.06 $ 1.64 $ 3.21 Unvested RSs and RSUs 140 207 140 207

Note 15 - Segment Information (

Note 15 - Segment Information (Tables)	9 Months Ended
Note 15 - Segment Information (Tables)	Sep. 30, 2024
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	For the Three Months Ended For the Nine Months Ended September 30, September 30, (in thousands) 2024 2023 2024 2023 Net sales Specialty metals flat products $ 125,693 $ 132,763 $ 386,100 $ 446,327 Carbon flat products 264,849 304,478 873,579 940,925 Tubular and pipe products 79,454 89,170 263,209 281,503 Total net sales $ 469,996 $ 526,411 $ 1,522,888 $ 1,668,755 Depreciation and amortization Specialty metals flat products $ 1,005 $ 871 $ 2,922 $ 2,878 Carbon flat products 4,028 3,568 12,221 10,891 Tubular and pipe products 2,184 1,729 6,600 5,038 Corporate 17 17 52 52 Total depreciation and amortization $ 7,234 $ 6,185 $ 21,795 $ 18,859 Operating income Specialty metals flat products $ 4,936 $ 4,668 $ 16,716 $ 20,606 Carbon flat products 434 9,949 14,452 30,590 Tubular and pipe products 6,476 10,033 20,600 29,145 Corporate expenses (4,037 ) (3,765 ) (12,911 ) (15,961 ) Total operating income $ 7,809 $ 20,885 $ 38,857 $ 64,380 Other loss, net 26 28 66 67 Income before interest and income taxes 7,783 20,857 38,791 64,313 Interest and other expense on debt 3,880 3,953 12,283 12,379 Income before income taxes $ 3,903 $ 16,904 $ 26,508 $ 51,934
Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block]	For the Nine Months Ended September 30, (in thousands) 2024 2023 Capital expenditures Flat products segments $ 18,458 $ 12,711 Tubular and pipe products 3,850 6,593 Corporate - 260 Total capital expenditures $ 22,308 $ 19,564 As of September 30, December 31, (in thousands) 2024 2023 Assets Flat products segments $ 666,508 $ 649,744 Tubular and pipe products 344,289 333,677 Corporate 1,214 1,414 Total assets $ 1,012,011 $ 984,835

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual)	9 Months Ended
Note 1 - Basis of Presentation (Details Textual)	Sep. 30, 2024
Number of Reportable Segments	3
Carbon Flat Products and Specialty Metals Flat Products [Member] \| UNITED STATES
Number of Operating Facilities	36
Carbon Flat Products and Specialty Metals Flat Products [Member] \| MEXICO
Number of Operating Facilities	1
Tubular and Pipe Products [Member]
Number of Operating Facilities	10

Note 2 - Revenue Recognition -

Note 2 - Revenue Recognition - Disaggregation of Revenues, Percentage (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Percentage of net sales	100%	100%	100%	100%
Specialty Metals Flat Products [Member]
Percentage of net sales	26.70%	25.20%	25.40%	26.70%
Carbon Flat Products [Member]
Percentage of net sales	56.40%	57.90%	57.30%	56.40%
Tubular and Pipe Products [Member]
Percentage of net sales	16.90%	16.90%	17.30%	16.90%
Specialty [Member]
Percentage of net sales	26.70%	25.20%	25.40%	26.70%
Specialty [Member] \| Specialty Metals Flat Products [Member]
Percentage of net sales	26.70%	25.20%	25.40%	26.70%
Specialty [Member] \| Carbon Flat Products [Member]
Percentage of net sales	0%	0%	0%	0%
Specialty [Member] \| Tubular and Pipe Products [Member]
Percentage of net sales	0%	0%	0%	0%
Hot Rolled Products [Member]
Percentage of net sales	26.70%	32.70%	28%	30.10%
Hot Rolled Products [Member] \| Specialty Metals Flat Products [Member]
Percentage of net sales	0%	0%	0%	0%
Hot Rolled Products [Member] \| Carbon Flat Products [Member]
Percentage of net sales	26.70%	32.70%	28%	30.10%
Hot Rolled Products [Member] \| Tubular and Pipe Products [Member]
Percentage of net sales	0%	0%	0%	0%
Tube Products [Member]
Percentage of net sales	16.90%	16.90%	17.30%	16.90%
Tube Products [Member] \| Specialty Metals Flat Products [Member]
Percentage of net sales	0%	0%	0%	0%
Tube Products [Member] \| Carbon Flat Products [Member]
Percentage of net sales	0%	0%	0%	0%
Tube Products [Member] \| Tubular and Pipe Products [Member]
Percentage of net sales	16.90%	16.90%	17.30%	16.90%
Coated Products [Member]
Percentage of net sales	12.90%	6.20%	12%	5.40%
Coated Products [Member] \| Specialty Metals Flat Products [Member]
Percentage of net sales	0%	0%	0%	0%
Coated Products [Member] \| Carbon Flat Products [Member]
Percentage of net sales	12.90%	6.20%	12%	5.40%
Coated Products [Member] \| Tubular and Pipe Products [Member]
Percentage of net sales	0%	0%	0%	0%
Plate Products [Member]
Percentage of net sales	9.60%	8.90%	11.70%	11.70%
Plate Products [Member] \| Specialty Metals Flat Products [Member]
Percentage of net sales	0%	0%	0%	0%
Plate Products [Member] \| Carbon Flat Products [Member]
Percentage of net sales	9.60%	8.90%	11.70%	11.70%
Plate Products [Member] \| Tubular and Pipe Products [Member]
Percentage of net sales	0%	0%	0%	0%
Cold Rolled Products [Member]
Percentage of net sales	5.60%	4.20%	4.70%	3.90%
Cold Rolled Products [Member] \| Specialty Metals Flat Products [Member]
Percentage of net sales	0%	0%	0%	0%
Cold Rolled Products [Member] \| Carbon Flat Products [Member]
Percentage of net sales	5.60%	4.20%	4.70%	3.90%
Cold Rolled Products [Member] \| Tubular and Pipe Products [Member]
Percentage of net sales	0%	0%	0%	0%
Product and Service, Other [Member]
Percentage of net sales	1.60%	5.90%	0.90%	5.30%
Product and Service, Other [Member] \| Specialty Metals Flat Products [Member]
Percentage of net sales	0%	0%	0%	0%
Product and Service, Other [Member] \| Carbon Flat Products [Member]
Percentage of net sales	1.60%	5.90%	0.90%	5.30%
Product and Service, Other [Member] \| Tubular and Pipe Products [Member]
Percentage of net sales	0%	0%	0%	0%

Note 3 - Accounts Receivable (D

Note 3 - Accounts Receivable (Details Textual) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Accounts Receivable, Allowance for Credit Loss, Current	$ 3.9	$ 4.2

Note 4 - Inventories (Details T

Note 4 - Inventories (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
LIFO Inventory Amount	$ 31.4		$ 31.4		$ 38.2
Percentage of LIFO Inventory	7.90%		7.90%		9.90%
Inventory, LIFO Reserve, Effect on Income, Net	$ 2	$ 2	$ 2.6	$ 3
Inventory Difference Using FIFO Basis	$ 9.4		$ 9.4		$ 12

Note 4 - Inventories - Steel In

Note 4 - Inventories - Steel Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Unprocessed	$ 288,010	$ 282,565
Processed and finished	111,384	103,970
Totals	$ 399,394	$ 386,535

Note 5 - Goodwill and Intangi_3

Note 5 - Goodwill and Intangible Assets (Details Textual) $ in Millions	Sep. 30, 2024 USD ($)
Finite-Lived Intangible Asset, Expected Amortization, Year One	$ 4.3
Finite-Lived Intangible Asset, Expected Amortization, Year Three	3.8
Finite-Lived Intangible Asset, Expected Amortization, Year Four	3.3
Finite-Lived Intangible Asset, Expected Amortization, Year Five	3
Finite-Lived Intangible Asset, Expected Amortization, Year Two	$ 4.3

Note 5 - Goodwill and Intangi_4

Note 5 - Goodwill and Intangible Assets - Goodwill, by Reportable Segment (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Balance	$ 52,091
Acquisitions	0
Impairments	0
Balance	52,091
Carbon Flat Products [Member]
Balance	34,259
Acquisitions	0
Impairments	0
Balance	34,259
Specialty Metals Flat Products [Member]
Balance	9,431
Acquisitions	0
Impairments	0
Balance	9,431
Tubular and Pipe Products [Member]
Balance	8,401
Acquisitions	0
Impairments	0
Balance	$ 8,401

Note 5 - Goodwill and Intangi_5

Note 5 - Goodwill and Intangible Assets - Intangible Assets, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accumulated amortization	$ (19,424)	$ (16,145)
Intangible assets, gross	108,766	108,766
Intangible assets, net	89,342	92,621
Trade Names [Member]
Trade name - not subject to amortization	36,868	36,868
Customer Relationships [Member]
Finite-lived intangible assets, gross	62,559	62,559
Accumulated amortization	(17,638)	(15,084)
Finite-lived intangible assets, net	44,921	47,475
Noncompete Agreements [Member]
Finite-lived intangible assets, gross	2,339	2,339
Accumulated amortization	(991)	(679)
Finite-lived intangible assets, net	1,348	1,660
Technology-Based Intangible Assets [Member]
Finite-lived intangible assets, gross	7,000	7,000
Accumulated amortization	(795)	(382)
Finite-lived intangible assets, net	$ 6,205	$ 6,618

Note 6 - Leases - Lease Cost (D

Note 6 - Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Operating lease cost	$ 2,111	$ 2,099	$ 6,660	$ 6,354
Amortization of right-of-use assets	331	264	922	756
Interest on lease liabilities	66	37	147	112
Total finance lease cost	$ 397	$ 301	$ 1,069	$ 868

Note 6 - Leases - Lease Payment

Note 6 - Leases - Lease Payments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Operating cash flows from operating leases	$ 2,031	$ 2,079	$ 6,540	$ 6,267
Operating cash flows from finance leases	66	37	147	112
Financing cash flows from finance leases	327	265	930	737
Total cash paid for lease liabilities	$ 2,424	$ 2,381	$ 7,617	$ 7,116

Note 6 - Leases - Balance Sheet

Note 6 - Leases - Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Operating lease	$ 52,656	$ 56,117
Operating lease accumulated amortization	(16,984)	(21,737)
Operating lease right-of-use asset, net	35,672	34,380
Current portion of lease liabilities	5,671	7,813
Operating lease, operating lease liabilities	30,796	27,261
Total operating lease liabilities	36,467	35,074
Property and equipment, at cost	506,631	483,448
Accumulated depreciation	(313,775)	(297,340)
Finance lease, net	5,341	3,071
Finance lease current liabilities	1,426	1,087
Finance lease liabilities	4,086	2,106
Total finance lease liabilities	$ 5,512	$ 3,193
Operating leases (in years) (Year)	9 years	6 years
Finance leases (in years) (Year)	5 years	4 years
Operating leases	5.68%	4.07%
Finance leases	6.22%	5.06%
Assets Held Under Finance Leases [Member]
Property and equipment, at cost	$ 8,697	$ 5,686
Accumulated depreciation	$ (3,356)	$ (2,615)

Note 6 - Leases - Maturities of

Note 6 - Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
2024, operating lease	$ 2,013
2024, finance lease	464
2025, operating lease	7,331
2025, finance lease	1,621
2026, operating lease	6,831
2026, finance lease	1,267
2027, operating lease	5,576
2027, finance lease	1,061
2028, operating lease	4,386
2028, finance lease	875
Thereafter. operating lease	23,552
Thereafter, finance lease	1,107
Operating lease, Total future minimum lease payments	49,689
Finance lease, Total future minimum lease payments	6,395
Operating lease, Less remaining imputed interest	(13,222)
Finance lease, Less remaining imputed interest	(883)
Operating lease, Total	36,467	$ 35,074
Finance lease, Total	$ 5,512	$ 3,193

Note 7 - Debt (Details Textual)

Note 7 - Debt (Details Textual) $ in Millions				9 Months Ended
Note 7 - Debt (Details Textual) $ in Millions	Aug. 15, 2024 USD ($)	Dec. 14, 2020 USD ($)	Jan. 10, 2019 USD ($)	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jan. 03, 2023 USD ($)	Jun. 16, 2021 USD ($)
Industrial Revenue Bond Member [Member]
Debt Issuance Costs, Net				$ 1.2	$ 1.7
Forward Interest Rate Hedge [Member]
Derivative, Term of Contract (Year)	2 years
Derivative, Notional Amount	$ 75			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
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				$ 50.6
Line of Credit Facility Covenant Terms EBITDA Ratio				1
Line of Credit Facility, Remaining Borrowing Capacity				$ 304
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 7 - Debt - Summary of Debt

Note 7 - Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Asset-based revolving credit facility	$ 197,276	$ 190,198
Total debt	197,276	190,198
Asset Based Revolving Credit Facility Due June 16, 2026 [Member]
Asset-based revolving credit facility	$ 197,276	$ 190,198

Note 7 - Debt - Summary of De_2

Note 7 - Debt - Summary of Debt (Details) (Parentheticals)	9 Months Ended	12 Months Ended
Note 7 - Debt - Summary of Debt (Details) (Parentheticals)	Sep. 30, 2024	Dec. 31, 2023
Asset Based Revolving Credit Facility Due June 16, 2026 [Member]
Maturity date	Jun. 16, 2026	Jun. 16, 2026

Note 8 - Derivative Instrumen_3

Note 8 - Derivative Instruments (Details Textual) - USD ($) $ in Millions	Aug. 15, 2024	Jan. 10, 2019	Sep. 30, 2024	Jan. 03, 2023
Forward Interest Rate Hedge [Member]
Derivative, Term of Contract (Year)	2 years
Derivative, Notional Amount	$ 75		$ 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%

Note 8 - Derivative Instrumen_4

Note 8 - Derivative Instruments - Impact from Derivatives on Consolidated Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net Gain (Loss) Recognized	$ 138	$ 543	$ 193	$ 1,347
Interest Rate Swap [Member]
Net Gain (Loss) Recognized	138	543	193	1,347
Metal Swaps [Member]
Net Gain (Loss) Recognized	(19)	(428)	205	(1,204)
Embedded Customer Derivatives [Member]
Net Gain (Loss) Recognized	$ 19	$ 428	$ (205)	$ 1,204

Note 9 - Fair Value of Assets_3

Note 9 - Fair Value of Assets and Liabilities (Details Textual) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Revolving Credit Facility [Member]
Long-Term Debt, Fair Value	$ 197.3	$ 190.2

Note 9 - Fair Value of Assets_4

Note 9 - Fair Value of Assets and Liabilities - Fair Value Measurements, Recorded (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Total assets at fair value	$ 20,190	$ 16,896
Total liabilities recorded at fair value	5,920	5,224
Supplemental Executive Retirement Plan [Member]
Derivative asset	14,814	11,617
Metal Swaps [Member]
Derivative asset	5,376	4,458
Metal swaps	5,308	5,224
Embedded Customer Derivatives [Member]
Derivative asset		766
Metal swaps	68
Interest Rate Swap [Member]
Derivative asset		55
Forward Interest Rate Hedge [Member]
Metal swaps	544
Fair Value, Inputs, Level 1 [Member]
Total assets at fair value	14,814	11,617
Total liabilities recorded at fair value	0	0
Fair Value, Inputs, Level 1 [Member] \| Supplemental Executive Retirement Plan [Member]
Derivative asset	14,814	11,617
Fair Value, Inputs, Level 1 [Member] \| Metal Swaps [Member]
Derivative asset	0	0
Metal swaps	0	0
Fair Value, Inputs, Level 1 [Member] \| Embedded Customer Derivatives [Member]
Derivative asset		0
Metal swaps	0
Fair Value, Inputs, Level 1 [Member] \| Interest Rate Swap [Member]
Derivative asset		0
Fair Value, Inputs, Level 1 [Member] \| Forward Interest Rate Hedge [Member]
Metal swaps	0
Fair Value, Inputs, Level 2 [Member]
Total assets at fair value	5,376	5,279
Total liabilities recorded at fair value	5,920	5,224
Fair Value, Inputs, Level 2 [Member] \| Supplemental Executive Retirement Plan [Member]
Derivative asset	0	0
Fair Value, Inputs, Level 2 [Member] \| Metal Swaps [Member]
Derivative asset	5,376	4,458
Metal swaps	5,308	5,224
Fair Value, Inputs, Level 2 [Member] \| Embedded Customer Derivatives [Member]
Derivative asset		766
Metal swaps	68
Fair Value, Inputs, Level 2 [Member] \| Interest Rate Swap [Member]
Derivative asset		55
Fair Value, Inputs, Level 2 [Member] \| Forward Interest Rate Hedge [Member]
Metal swaps	544
Fair Value, Inputs, Level 3 [Member]
Total assets at fair value	0	0
Total liabilities recorded at fair value	0	0
Fair Value, Inputs, Level 3 [Member] \| Supplemental Executive Retirement Plan [Member]
Derivative asset	0	0
Fair Value, Inputs, Level 3 [Member] \| Metal Swaps [Member]
Derivative asset	0	0
Metal swaps	0	0
Fair Value, Inputs, Level 3 [Member] \| Embedded Customer Derivatives [Member]
Derivative asset		0
Metal swaps	0
Fair Value, Inputs, Level 3 [Member] \| Interest Rate Swap [Member]
Derivative asset		$ 0
Fair Value, Inputs, Level 3 [Member] \| Forward Interest Rate Hedge [Member]
Metal swaps	$ 0

Note 10 - Accumulated Other C_2

Note 10 - Accumulated Other Comprehensive Income (Details Textual) - USD ($) $ in Millions			9 Months Ended
	Aug. 15, 2024	Jan. 10, 2019	Sep. 30, 2024	Jan. 03, 2023
Forward Interest Rate Hedge [Member]
Derivative, Term of Contract (Year)	2 years
Derivative, Notional Amount	$ 75		$ 75
Derivative, Fixed Interest Rate	3.82%
Interest Rate Fair Value Hedge Liability at Fair Value			0.5
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), after Adjustments, Tax, Parent			$ 0.1
Interest Rate Swap [Member]
Derivative, Term of Contract (Year)		5 years
Derivative, Notional Amount		$ 75
Derivative, Fixed Interest Rate		2.57%		2.42%

Note 11 - Equity Plans (Details

Note 11 - Equity Plans (Details Textual) - USD ($)	3 Months Ended	9 Months Ended		12 Months Ended
Note 11 - Equity Plans (Details Textual) - USD ($)	Mar. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
C-Suite Long-Term Incentive Plan [Member]
Minimum Return on Assets for Performance-Based Incentives		5%
Performance-Based Award Cap, Percentage of Grant		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]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		10,050	0
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 [Member] \| Non-Employee Director [Member] \| Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage		33.33%
Restricted Stock [Member] \| Non-Employee Director [Member] \| Share-Based Payment Arrangement, Tranche Three [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
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
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
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
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
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)				1,400,000

Note 11 - Equity Plans - Stock-

Note 11 - Equity Plans - Stock-based Compensation Expense Recognized on Restricted Stock Units (Details) - Restricted Stock Units (RSUs) [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
RS and RSU expense before taxes	$ 499	$ 415	$ 1,499	$ 1,257
RS and RSU expense after taxes	$ 349	$ 300	$ 1,080	$ 898

Note 11 - Equity Plans - Restri

Note 11 - Equity Plans - Restricted Stock Activity (Details) - Restricted Stock [Member] - $ / shares	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Outstanding, number of shares (in shares)	0	0	0
Outstanding, weighted average estimated fair value (in dollars per share)	$ 0	$ 0	$ 0
Restricted Stock, Granted Shares (in shares)	10,050	0
Restricted Stock, Granted, Weighted Average Granted Price (in dollars per share)	$ 65.65	$ 0
Outstanding, number of shares (in shares)	10,050	0	0
Outstanding, weighted average estimated fair value (in dollars per share)	$ 65.65	$ 0	$ 0
Restricted Stock, Vested Shares (in shares)	0	0
Restricted Stock, Vested, Weighted Average Granted Price (in dollars per share)	$ 0	$ 0

Note 11 - Equity Plans - Rest_2

Note 11 - Equity Plans - Restricted Stock Unit Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Outstanding, number of shares (in shares)	662,103	617,518	617,518
Outstanding, weighted average estimated fair value (in dollars per share)	$ 20.28	$ 18.95	$ 18.95
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	34,486	49,768
Granted, weighted average estimated fair value (in dollars per share)	$ 66.7	$ 36.63
Converted into shares, number of shares (in shares)	0	(2,610)
Converted into shares, weighted average estimated fair value (in dollars per share)	$ 0	$ 18.78
Forfeited, number of shares (in shares)	(2,570)	(2,573)
Forfeited, weighted average estimated fair value (in dollars per share)	$ 16.99	$ 19.65
Outstanding, number of shares (in shares)	694,019	662,103	662,103
Outstanding, weighted average estimated fair value (in dollars per share)	$ 22.6	$ 20.28	$ 20.28
Vested, number of shares (in shares)	563,839	454,939
Vested, weighted average estimated fair value (in dollars per share)	$ 19.69	$ 19.71

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Expense (Benefit)	$ 1,169	$ 4,674	$ 7,417	$ 14,813
Effective Income Tax Rate Reconciliation, Percent	29.90%	27.70%	28%	28.50%

Note 13 - Shares Outstanding _3

Note 13 - Shares Outstanding and Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Weighted average basic shares outstanding (in shares)	11,695	11,586	11,673	11,568
Assumed exercise of stock options and issuance of stock awards (in shares)	0	6	0	3
Weighted average diluted shares outstanding (in shares)	11,695	11,592	11,673	11,571
Net income	$ 2,734	$ 12,230	$ 19,091	$ 37,121
Basic earnings per share (in dollars per share)	$ 0.23	$ 1.06	$ 1.64	$ 3.21
Diluted earnings per share (in dollars per share)	$ 0.23	$ 1.06	$ 1.64	$ 3.21
Unvested RSs and RSUs (in shares)	140	207	140	207

Note 14 - Stock Repurchase Pr_2

Note 14 - Stock Repurchase Program (Details Textual) $ in Millions		3 Months Ended		9 Months Ended
	Oct. 02, 2015 USD ($) shares	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 shares	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 shares	Sep. 03, 2021 USD ($)
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares) \| shares	550,000
Treasury Stock, Shares, Acquired (in shares) \| shares		0	0	0	0
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased (in shares) \| shares		360,212		360,212
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	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		$ 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		$ 93.8
Line of Credit Facility Covenant Terms EBITDA Ratio	1

Note 15 - Segment Information_2

Note 15 - Segment Information (Details Textual)	9 Months Ended
Note 15 - Segment Information (Details Textual)	Sep. 30, 2024
Number of Reportable Segments	3

Note 15 - Segment Information -

Note 15 - Segment Information - Segment Reporting Information by Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net sales	$ 469,996	$ 526,411	$ 1,522,888	$ 1,668,755
Depreciation and amortization	7,234	6,185	21,795	18,859
Total operating income	7,809	20,885	38,857	64,380
Other loss, net	26	28	66	67
Income before interest and income taxes	7,783	20,857	38,791	64,313
Interest and other expense on debt	3,880	3,953	12,283	12,379
Income before income taxes	3,903	16,904	26,508	51,934
Specialty Metals Flat Products [Member]
Net sales	125,693	132,763	386,100	446,327
Depreciation and amortization	1,005	871	2,922	2,878
Total operating income	4,936	4,668	16,716	20,606
Carbon Flat Products [Member]
Net sales	264,849	304,478	873,579	940,925
Depreciation and amortization	4,028	3,568	12,221	10,891
Total operating income	434	9,949	14,452	30,590
Tubular and Pipe Products [Member]
Net sales	79,454	89,170	263,209	281,503
Depreciation and amortization	2,184	1,729	6,600	5,038
Total operating income	6,476	10,033	20,600	29,145
Corporate Segment [Member]
Depreciation and amortization	17	17	52	52
Total operating income	$ (4,037)	$ (3,765)	$ (12,911)	$ (15,961)

Note 15 - Segment Information_3

Note 15 - Segment Information - Segment Reporting Information by Capital Expenditures and Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Capital expenditures	$ 22,308	$ 19,564
Assets	1,012,011		$ 984,835
Flat Products Segment [Member]
Capital expenditures	18,458	12,711
Assets	666,508		649,744
Tubular and Pipe Products [Member]
Capital expenditures	3,850	6,593
Assets	344,289		333,677
Corporate Segment [Member]
Capital expenditures	0	$ 260
Assets	$ 1,214		$ 1,414