Inventories, Net

3 Months Ended

Mar. 31, 2012

Note 3 – Inventories, net:


	December 31,		March 31,
	2011		2012
	(In thousands)
Raw materials	$	6,995	$	6,907
Billet		12,702		12,684
Wire rod		7,155		15,197
Work in process		6,771		7,612
Finished products		29,228		31,286
Supplies		25,716		24,811

Total	$	88,567	$	98,497

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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