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Note 13 - Commitments and Contingencies
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]

13.

Commitments and Contingencies:

 

The Company is party to various legal actions that it believes are ordinary in nature and incidental to the operation of its business. In the opinion of management, the outcome of the proceedings to which the Company is currently a party will not have a material adverse effect upon its results of operations, financial condition or cash flows.

 

In the normal course of business, the Company periodically enters into agreements that incorporate indemnification provisions. While the maximum amount to which the Company may be exposed under such agreements cannot be estimated, it is the opinion of management that these indemnifications are not expected to have a material adverse effect on the Company’s results of operations or financial condition.

 

At December 31, 2020, approximately 269 of the hourly plant personnel are represented by nine separate collective bargaining units.  The Indianapolis, Indiana union agreement expired on January 29, 2021.  The employees covered by the union agreement continue to work as the new contract is negotiated.  The table below shows the expiration dates of the collective bargaining agreements. 

 

Facility

Expiration date

Indianapolis, Indiana

January 29, 2021

St. Paul, Minnesota

May 25, 2021

Milan, Illinois

August 12, 2021

Minneapolis (plate), Minnesota

March 31, 2022

Detroit, Michigan

August 31, 2022

Hammond, Indiana

November 30, 2024

Locust, North Carolina

March 4, 2025

Romeoville, Illinois

May 31, 2025

Minneapolis (coil), Minnesota

September 30, 2025