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INVENTORIES, NET
9 Months Ended
May 31, 2020
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. 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 such, at May 31, 2020 and August 31, 2019, work in process inventories were immaterial. At May 31, 2020 and August 31, 2019, the Company's raw materials inventories were $120.1 million and $143.7 million, respectively.