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Related Parties
12 Months Ended
Dec. 31, 2013
Related Party Transactions [Abstract]  
Related Parties

NOTE 16 – RELATED PARTIES:

In the ordinary course of business, the Corporation purchases industrial supplies from a subsidiary of The Louis Berkman Company (“LB Co”) and the Chinese cast roll joint venture company, and earns a commission from the sale of forged backup rolling mill rolls for the Chinese forged roll joint venture company. Certain directors of the Corporation are either officers, directors and/or shareholders of LB Co; UES-UK has a 25% interest in the cast roll joint venture company; and UES has a 49% interest in the Chinese forged roll joint venture company.

Purchases from LB Co approximated $1,489 in 2013, $1,538 in 2012 and $1,579 in 2011. In addition, LB Co paid the Corporation approximately $150 in 2013, $253 in 2012 and $246 in 2011 for certain administrative services. At December 31, 2013 and 2012, the net amount payable to LB Co approximated $79 and $61, respectively. Purchases of industrial supplies from the Chinese cast roll joint venture company approximated $38 in 2013, $455 in 2012 and $480 in 2011. At December 31, 2013 and 2012, no amounts were outstanding. Commissions earned from the sale of forged backup rolling mill rolls were $74 in 2012 and $191 in 2011. At December 31, 2012, $14 was outstanding.