Joint Venture

9 Months Ended

Sep. 30, 2011

Joint Venture [Abstract]

Joint Venture

(12) Joint Venture

Kreher Steel Co., LLC is a 50% owned joint venture of the Company. It is a metals distributor of bulk quantities of alloy, special bar quality and stainless steel bars, headquartered in Melrose Park, Illinois.

The following information summarizes financial data for this joint venture:

	For the Three Months Ended
	September 30,
	2011		2010
Net sales	$	71,776	$	50,233
Cost of materials		57,743		41,605
Income before taxes		7,382		3,901
Net income		6,234		3,318

	For the Nine Months Ended
	September 30,
	2011		2010
Net sales	$	202,455	$	135,840
Cost of materials		163,453		112,891
Income before taxes		20,892		9,249
Net income		17,916		7,946