XML 27 R16.htm IDEA: XBRL DOCUMENT v3.19.2
INVENTORIES, NET
9 Months Ended
May 31, 2019
Inventory Disclosure [Abstract]  
Inventories, net
NOTE 7. INVENTORIES, NET

The majority of the Company's inventories are in the form of semi-finished and finished goods. Under the Company’s business model, products are sold to external customers in various stages, from semi-finished billets through fabricated steel, leading these categories to be combined as finished goods. Work in process inventories were not material at May 31, 2019 and August 31, 2018. At May 31, 2019 and August 31, 2018, $185.1 million and $177.7 million, respectively, of the Company's inventories were in the form of raw materials.