Company: ZEUS
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001437749-25-032420
Chunk: 9

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 9
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  $138  $284  $193 

     14

    9.  Fair Value of Assets and Liabilities: 

   During the nine months ended  September 30, 2025, there were no transfers of financial assets between Levels 1, 2 or 3 fair value measurements. There have been no changes in the methodologies used as of  September 30, 2025 since  December 31, 2024.
    
   The following table presents information about the Company’s assets and liabilities that were measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques utilized by the Company:

       Value of Items Recorded at Fair Value  
   As of September 30, 2025  
 (in thousands)   Level 1    Level 2    Level 3    Total  
 Assets:                 
 Metal swaps  $-  $2,130  $-  $2,130 
 Embedded customer derivative   -   87   -   87 
 Supplemental executive retirement plan   17,516   -   -   17,516 
 Total assets at fair value  $17,516  $2,217  $-  $19,733 
                 
 Liabilities:                 
 Metal swaps  $-  $2,217  $-  $2,217 
 Fixed Interest rate hedge   -   124   -   124 
 Total liabilities recorded at fair value  $-  $2,341  $-  $2,341 

       Value of Items Recorded at Fair Value  
   As of December 31, 2024  
 (in thousands)   Level 1    Level 2    Level 3    Total  
 Assets:                 
 Metal swaps  $-  $3,055  $-  $3,055 
 Embedded customer derivative   -   402   -   402 
 Fixed interest rate hedge   -   254   -   254 
 Supplemental executive retirement plan   15,061   -   -   15,061 
 Total assets at fair value  $15,061  $3,711  $-  $18,