Goodwill and Other Intangible Assets	6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]
Goodwill and Other Intangible Assets	NOTE 5: GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill, which represents the excess of cost over the fair value of net assets acquired, amounted to $164.4 million and $161.5 million at June 30, 2026 and December 31, 2025, respectively. The Company recognized $2.9 million of goodwill within the Olympic Steel reporting unit during the first six months of 2026 related to purchase accounting adjustments following the merger with Olympic Steel. See Note 6: Acquisitions for further information. The goodwill recognized during the first six months of 2026 is fully tax deductible for income tax purposes. Pursuant to FASB ASC 350, “Intangibles – Goodwill and Other,” the Company reviews the recoverability of goodwill annually as of October 1 or whenever significant events or changes occur that might impair the recovery of recorded amounts. The most recently completed impairment test of goodwill was performed as of October 1, 2025, and it was determined that no impairment existed. Other intangible assets with finite useful lives are amortized over their useful lives. The Company added $30.0 million of intangible assets during the first six months of 2026 relating to the merger with Olympic Steel, see Note 6: Acquisitions for further information. The Company reviews the recoverability of long-lived assets whenever events or changes in circumstances indicate the carrying amount of such assets may not be recoverable.

Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

NOTE 5: GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill, which represents the excess of cost over the fair value of net assets acquired, amounted to $164.4 million and $161.5 million at June 30, 2026 and December 31, 2025, respectively. The Company recognized $2.9 million of goodwill within the Olympic Steel reporting unit during the first six months of 2026 related to purchase accounting adjustments following the merger with Olympic Steel. See Note 6: Acquisitions for further information. The goodwill recognized during the first six months of 2026 is fully tax deductible for income tax purposes.

Pursuant to FASB ASC 350, “Intangibles – Goodwill and Other,” the Company reviews the recoverability of goodwill annually as of October 1 or whenever significant events or changes occur that might impair the recovery of recorded amounts. The most recently completed impairment test of goodwill was performed as of October 1, 2025, and it was determined that no impairment existed.

Other intangible assets with finite useful lives are amortized over their useful lives. The Company added $30.0 million of intangible assets during the first six months of 2026 relating to the merger with Olympic Steel, see Note 6: Acquisitions for further information. The Company reviews the recoverability of long-lived assets whenever events or changes in circumstances indicate the carrying amount of such assets may not be recoverable.