Inventories, net

3 Months Ended

Mar. 31, 2013

Note 3 – Inventories, net:


	December 31,		March 31,
	2012		2013
	(In thousands)
Raw materials	$	5,375	$	6,102
Billet		7,180		7,553
Wire rod		19,577		21,902
Work in process		6,523		6,163
Finished products		30,912		29,361
Supplies		30,882		30,746

Total	$	100,449	$	101,827

- 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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