Note 13 - Industry Segment Data (Tables)

12 Months Ended

Mar. 31, 2022

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Year Ended March 31,
	2022			2021
NET SALES:
Coil	$	230,438,149		$	95,264,555
Tubular		54,796,603			30,837,978
TOTAL NET SALES	$	285,234,752		$	126,102,533
OPERATING PROFIT:
Coil	$	31,790,710		$	16,466,713
Tubular		2,423,655			2,923,399
TOTAL OPERATING PROFIT		34,214,365			19,390,112
General corporate expenses		(5,694,453	)		(3,640,098	)
Interest expense		(255,320	)		(24,619	)
Other income (loss), net		(9,934,034	)		(503,422	)
TOTAL EARNINGS BEFORE INCOME TAXES	$	18,330,558		$	15,221,973
IDENTIFIABLE ASSETS:
Coil	$	115,232,245		$	56,670,109
Tubular		24,016,816			17,883,612
		139,249,061			74,553,721
General corporate assets		20,026,009			20,455,088
TOTAL ASSETS	$	159,275,070		$	95,008,809
DEPRECIATION:
Coil	$	974,119		$	653,708
Tubular		330,652			346,135
Corporate and other		15,663			13,074
	$	1,320,434		$	1,012,917
CAPITAL EXPENDITURES:
Coil	$	8,005,370		$	4,505,589
Tubular		20,709			78,061
Corporate and other		38,520			25,967
	$	8,064,599		$	4,609,617