Note 11 - Segment Information (Tables)

6 Months Ended

Sep. 30, 2025

Notes Tables

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

	Three Months Ended September 30, 2025
	Flat-roll		Tubular			Other			Total
Net Sales	$	143,340	$	9,043			—		$	152,383
Cost and expenses:
Cost of materials sold		119,820		6,262			—			126,082
Processing and warehousing expense		7,515		1,549			—			9,064
Delivery expense		7,009		125			—			7,134
Commercial expense		2,473		187			—			2,660
Depreciation and amortization		825		52			60			937
General corporate expenses		—		—			3,627			3,627
		137,642		8,175			3,687			149,504
EARNINGS (LOSS) FROM OPERATIONS:		5,698		868			(3,687	)		2,879
Gain on economic hedges of risk										851
Interest expense										(754	)
Other income										1
EARNINGS BEFORE INCOME TAXES									$	2,977
	Six Months Ended September 30, 2025
	Flat-roll		Tubular			Other			Total
Net Sales	$	267,407	$	19,753			—		$	287,160
Cost and expenses:
Cost of materials sold		218,974		12,812			—			231,786
Processing and warehousing expense		14,413		3,979			—			18,392
Delivery expense		13,269		265			—			13,534
Commercial expense		4,672		399			—			5,071
Depreciation and amortization		1,594		101			89			1,784
General corporate expenses		—		—			6,671			6,671
		252,922		17,556			6,760			277,238
EARNINGS (LOSS) FROM OPERATIONS:		14,485		2,197			(6,760	)		9,922
Gain on economic hedges of risk										1,127
Interest expense										(1,432	)
Other income										5
EARNINGS BEFORE INCOME TAXES									$	9,622
	Three Months Ended September 30, 2024
	Flat-roll		Tubular			Other			Total
Net Sales	$	97,379	$	9,380			—		$	106,759
Cost and expenses:
Cost of materials sold		81,398		7,363			—			88,761
Processing and warehousing expense		5,667		2,194			—			7,861
Delivery expense		5,217		164			—			5,381
Commercial expense		1,497		156			—			1,653
Depreciation and amortization		709		85			29			823
General corporate expenses		—		—			2,282			2,282
Loss on disposal of property, plant and equipment		222		—			—			222
		94,710		9,962			2,311			106,983
EARNINGS (LOSS) FROM OPERATIONS:		2,669		(582	)		(2,311	)		(224	)
Gain on economic hedges of risk										194
Interest expense										(869	)
Other income										(3	)
EARNINGS (LOSS) BEFORE INCOME TAXES									$	(902	)
	Six Months Ended September 30, 2024
	Flat-roll		Tubular			Other			Total
Net Sales	$	200,766	$	20,544			—		$	221,310
Cost and expenses:
Cost of materials sold		167,792		16,864			—			184,656
Processing and warehousing expense		11,954		4,604			—			16,558
Delivery expense		11,095		337			—			11,432
Commercial expense		2,979		337			—			3,316
Depreciation and amortization		1,389		169			60			1,618
General corporate expenses		—		—			5,130			5,130
Loss on disposal of property, plant and equipment		222		—			—			222
		195,431		22,311			5,190			222,932
EARNINGS (LOSS) FROM OPERATIONS:		5,335		(1,767	)		(5,190	)		(1,622	)
Gain on economic hedges of risk										5,569
Interest expense										(1,550	)
EARNINGS (LOSS) BEFORE INCOME TAXES									$	2,397

	September 30, 2025		March 31, 2025
IDENTIFIABLE ASSETS:
Flat-Roll	$	279,119	$	204,890
Tubular		25,328		16,792
		304,447		221,682
General corporate assets		6,842		5,140
	$	311,289	$	226,822