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INVENTORIES, NET
6 Months Ended
Feb. 28, 2018
Inventory Disclosure [Abstract]  
Inventories, net
NOTE 5. INVENTORIES, NET

The majority of the Company's inventories are in the form of semi-finished and finished goods. The Company’s business model is such that products are sold to external customers in various stages, from semi-finished billets through fabricated steel, leading these categories to be combined. As such, work in process inventories were not material at February 28, 2018 and August 31, 2017. At February 28, 2018 and August 31, 2017, $156.4 million and $116.8 million, respectively, of the Company's inventories were in the form of raw materials.