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Note B - Inventories | 3 Months Ended
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Jun. 30, 2024
Notes to Financial Statements |
Inventory Disclosure [Text Block] | NOTE B — INVENTORIES The Company operates in two segments: the flat-roll segment and the tubular segment. Both flat-roll segment and tubular segment inventories consist of raw material and finished goods. Cost for substantially all of the Company's inventory is determined using the average cost method. All inventories are valued at the lower of cost or net realizable value. Flat-roll raw material inventory consists of steel coils the Company will process into sheet and plate. Flat-roll finished goods consists of processed sheet and plate inventory. Tubular raw material inventory consists of hot-rolled steel coils that the Company will manufacture into pipe. Tubular finished goods inventory consists of pipe the Company has manufactured. A summary of inventory values by product group follows (in thousands):
|  | June 30, 2024 |  |  | March 31, 2024 |
Flat-Roll raw material |  | $ | 89,847 |  |  | $ | 85,483 |
Flat-Roll finished goods |  |  | 17,717 |  |  |  | 17,030 |
Tubular raw material |  |  | 5,447 |  |  |  | 4,185 |
Tubular finished goods |  |  | 6,791 |  |  |  | 9,106 |
|  | $ | 119,802 |  |  | $ | 115,804 |

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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