Note 11 - Segment Information (Tables)

9 Months Ended

Dec. 31, 2025

Notes Tables

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

	Three Months Ended December 31, 2025
	Flat-roll			Tubular			Other			Total
Net Sales	$	153,032		$	14,942			—		$	167,974
Cost and expenses:
Cost of materials sold		126,816			10,656			—			137,472
Processing and warehousing expense		8,896			2,303			—			11,199
Delivery expense		6,962			285			—			7,247
Commercial expense		2,225			214			—			2,439
Depreciation and amortization		867			61			79			1,007
General corporate expenses		—			—			4,711			4,711
		145,766			13,519			4,790			164,075
EARNINGS (LOSS) FROM OPERATIONS:		7,266			1,423			(4,790	)		3,899
Gain on economic hedges of risk											1,381
Interest expense											(1,278	)
Other income											2
EARNINGS BEFORE INCOME TAXES										$	4,004
	Nine Months Ended December 31, 2025
	Flat-roll			Tubular			Other			Total
Net Sales	$	420,439		$	34,695			—		$	455,134
Cost and expenses:
Cost of materials sold		345,790			23,468			—			369,258
Processing and warehousing expense		23,309			6,282			—			29,591
Delivery expense		20,231			550			—			20,781
Commercial expense		6,896			614			—			7,510
Depreciation and amortization		2,461			162			168			2,791
General corporate expenses		—			—			11,382			11,382
		398,687			31,076			11,550			441,313
EARNINGS (LOSS) FROM OPERATIONS:		21,752			3,619			(11,550	)		13,821
Gain on economic hedges of risk											2,508
Interest expense											(2,710	)
Other income											7
EARNINGS BEFORE INCOME TAXES										$	13,626
	Three Months Ended December 31, 2024
	Flat-roll			Tubular			Other			Total
Net Sales	$	86,144		$	7,930			—		$	94,074
Cost and expenses:
Cost of materials sold		72,313			6,196			—			78,509
Processing and warehousing expense		5,544			1,927			—			7,471
Delivery expense		4,759			182			—			4,941
Commercial expense		1,507			162			—			1,669
Depreciation and amortization		726			72			29			827
General corporate expenses		—			—			2,219			2,219
		84,849			8,539			2,248			95,636
Gain on disposal of property, plant and equipment		—			375			—			375
EARNINGS (LOSS) FROM OPERATIONS:		1,295			(234	)		(2,248	)		(1,187	)
Gain on economic hedges of risk											264
Interest expense											(632	)
Other income											3
LOSS BEFORE INCOME TAXES										$	(1,552	)
	Nine Months Ended December 31, 2024
	Flat-roll			Tubular			Other			Total
Net Sales	$	286,910		$	28,474			—		$	315,384
Cost and expenses:
Cost of materials sold		240,105			23,060			—			263,165
Processing and warehousing expense		17,498			6,532			—			24,030
Delivery expense		15,854			519			—			16,373
Commercial expense		4,486			499			—			4,985
Depreciation and amortization		2,115			240			90			2,445
General corporate expenses		—			—			7,348			7,348
		280,058			30,850			7,438			318,346
Gain (loss) on disposal of property, plant and equipment		(222	)		375			—			153
EARNINGS (LOSS) FROM OPERATIONS:		6,630			(2,001	)		(7,438	)		(2,809	)
Gain on economic hedges of risk											5,833
Interest expense											(2,182	)
Other income											3
EARNINGS BEFORE INCOME TAXES										$	845

	December 31, 2025		March 31, 2025
IDENTIFIABLE ASSETS:
Flat-Roll	$	282,597	$	204,890
Tubular		23,290		16,792
		305,887		221,682
General corporate assets		5,972		5,140
	$	311,859	$	226,822