Item 2. Properties
Item 2. Properties
The principal real properties of the Company are described in the following table:
Location
Approximate
Size
Ownership
Lone Star, Texas
Plant — Texas Tubular Products
118,260 sq. feet
Owned(1)
Offices — Texas Tubular Products
10,500 sq. feet
Owned(1)
Land — Texas Tubular Products
81.7 acres
Owned(1)
Longview, Texas
Offices — Administrative
5,100 sq. feet
Leased(2)
Hickman, Arkansas
Plant and Warehouse — Flat Roll Products
64,600 sq. feet
Owned(1)
Offices — Flat Roll Products
2,500 sq. feet
Owned(1)
Land — Flat Roll Products
26.2 acres
Owned(1)
Decatur, Alabama
Plant and Warehouse — Flat Roll Products
48,000 sq. feet
Owned(1)
Offices — Flat Roll Products
2,000 sq. feet
Owned(1)
Land — Flat Roll Products
47.3 acres
Owned(1)
Sinton, Texas
Plant and Warehouse — Flat Roll Products
70,000 sq. feet
Leasehold Improvement (3)
Offices — Flat Roll Products
3,100 sq. feet
Leasehold Improvement (3)
Land — Flat Roll Products
26.5 acres
Leased (3)
East Chicago, Indiana
Plant and Warehouse — Flat Roll Products
150,900 sq. feet
Owned (1)
Offices — Flat Roll Products
3,200 sq. feet
Owned (1)
Land — Flat Roll Products
5.0 acres
Owned (1)
Granite City, Illinois
Plant and Warehouse — Flat Roll Products
321,000 sq. feet
Leasehold Improvement (4)
Offices — Flat Roll Products
4,400 sq. feet
Leasehold Improvement (4)
Land — Flat Roll Products
31.1 acres
Leased (4)
The Woodlands, Texas
Offices — Administrative
5,000 sq. feet
Leased (5)
(1)
All of the Company’s owned real properties, plants and offices are held in fee and are not subject to any mortgage or deed of trust.
(2)
The office lease is with a non-affiliated party, expires on April 30, 2027, and requires a monthly rental payment of approximately $5,000.
(3)
The associated lease is a 99 year lease with Steel Dynamics Inc. that calls for an annual rental payment of $1 and has an expiration date of February 19, 2120.
(4)
The associated lease is with America's Central Port District. The lease expires on August 31, 2028 and requires a monthly rental payment of approximately $13,300.
(5)
The office lease is with a non-affiliated party, expires on February 28, 2029, requires a monthly rental payment of approximately $11,600 and a monthly payment of proportionate operating costs of approximately $4,800.
Item 3. Legal Proceedings
The Company is not, and during fiscal year 2025 was not, a party to, nor is its property the subject of, any material pending legal proceedings.
Item 4. Mine Safety Disclosures
Not applicable.
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PART II