INVENTORIES: Inventories consisted of approximately 40% raw materials and supplies and 60% finished and semi-finished products at June 29, 2019 (43% and 57%, respectively, at December 31, 2018). Nucor’s manufacturing process consists of a continuous, vertically integrated process from which products are sold to customers at various stages throughout the process. Since most steel products can be classified as either finished or semi-finished products, these two categories of inventory are combined.