Company: ZEUS
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001437749-25-004742
Chunk: 732

Company: OLYMPIC STEEL INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 6
Chunk 732
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-   29.8%
 Plate   13.3%  -   -   13.3%
 Cold Rolled   4.7%  -   -   4.7%
 Coated   4.5%  -   -   4.5%
 Specialty   -   30.3%  -   30.3%
 Pipe & Tube   -   -   16.7%  16.7%
 Other   0.7%  0.0%  -   0.7%
 Total   53.0%  30.3%  16.7%  100.0%

     60

    4.  Accounts Receivable: 

   Accounts receivable are presented net of allowances for credit losses and unissued credits of $3.7 million and $4.2 million as of  December 31, 2024 and 2023, respectively. Credit loss expense totaled $0.3 million and $2.2 million in 2024 and 2022 respectively, and credit loss income totaled $0.4 million in 2023. The allowance for credit losses is maintained at a level considered appropriate based on historical experience, specific customer collection issues that have been identified, current market conditions and estimates for supportable forecasts when appropriate. Estimations are based upon a calculated percentage of accounts receivable, which remains fairly level from year to year, and judgments about the probable effects of economic conditions on certain customers, which can fluctuate significantly from year to year. The Company cannot guarantee that the rate of future credit losses will be similar to past experience. The Company considers all available information when assessing the adequacy of its allowance for credit losses and unissued credits.

    5.  Inventories: 

   Inventories consisted of the following:

       As of December 31,  
 (in thousands)   2024    2023  
 Unprocessed  $273,668  $282,565 
 Processed and finished   116,958   103,970 
 Total  $390,626  $386,535 

   At  December 31, 2024 and  December 31, 2023, approximately $31.3 million, or 8.