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Note H - Derivative Financial Instruments (Tables)

9 Months Ended

Dec. 31, 2020

Schedule of Derivative Instruments [Table Text Block]

	Asset Derivatives			Liability Derivatives
	Balance Sheet			Balance Sheet
Derivatives designated as cash flow hedges:	Location	Fair Value		Location	Fair Value
Hot-rolled coil steel contracts hedging purchases	Other current assets	$	2,862,580
Hot-rolled coil steel contracts hedging sales				Other current assets	$	1,422,460

Derivative Instruments, Gain (Loss) [Table Text Block]

	Gain Recognized		Location of Gain Reclassified from	Gain Reclassified from
	in OCI		AOCI into Net Earnings	AOCI into Net Earnings
Hot-rolled coil steel contracts	$	3,364,460	Costs of goods sold	$	396,720

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

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+ Details