Inventories, net

9 Months Ended

Sep. 30, 2012

Note 3 – Inventories, net:


	December 31, 2011		September 30, 2012
	(In thousands)
Raw materials	$	6,995	$	6,340
Billet		12,702		6,978
Wire rod		7,155		18,261
Work in process		6,771		6,824
Finished products		29,228		31,087
Supplies		25,716		28,227

Total	$	88,567	$	97,717

- 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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