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Revenue Recognition
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Revenue is generated primarily from contracts to produce, ship and deliver steel and chemical products. The Company’s performance obligations are satisfied and revenue is recognized when control and title of the contract promised goods or services is transferred to our customers for product shipped or services rendered. Revenues are recorded net of any sales incentives and discounts. Sales tax and other taxes we collect with revenue-producing activities are excluded from revenue. Shipping costs charged to customers are treated as fulfillment activities and are recorded in both revenue and cost of sales at the time control is transferred to the customer. Costs related to obtaining sales contracts are incidental and are expensed when incurred. Because customers are invoiced at the time title transfers and the Company’s right to consideration is unconditional at that time, the Company does not maintain contract asset balances. Additionally, the Company does not maintain material contract liability balances, as performance obligations for substantially all contracts are satisfied prior to customer payment for product. The Company offers industry standard payment terms.
The following table presents the Company's revenues, disaggregated by product group. Substantially all of the Company's revenues are derived from contracts with customers where performance obligations are satisfied at a point-in-time.
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2022202120222021
Fiberglass and steel liquid storage tanks and separation equipment$287 $189 401 881 
Heavy wall seamless carbon steel pipe and tube12,333 10,398 36,782 29,347 
Stainless steel pipe and tube52,309 48,331 180,633 134,632 
Galvanized pipe and tube7,910 11,209 30,701 28,578 
Specialty Chemicals27,328 16,055 84,070 45,609 
Net sales$100,167 $86,182 $332,587 $239,047