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Segment Information (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Aug. 31, 2012
segments
May 31, 2012
Feb. 29, 2012
Nov. 30, 2011
Aug. 31, 2011
May 31, 2011
Feb. 28, 2011
Nov. 30, 2010
Aug. 31, 2012
customer
segments
Aug. 31, 2011
customer
Aug. 31, 2010
customer
Segment Reporting Information [Line Items]                      
Number of operating and reporting segments 3               3    
Total assets $ 1,763,573       $ 1,890,169       $ 1,763,573 $ 1,890,169  
Property, plant and equipment, net 564,185 [1]       555,284 [1]       564,185 [1] 555,284 [1]  
Investments in joint venture partnerships 17,126       17,208       17,126 17,208  
Revenues from external customers                 3,340,938 3,459,194 2,301,240
Depreciation and amortization                 82,256 74,866 63,418
Total depreciation and amortization                 82,256 74,866 63,228
Capital expenditures                 78,560 104,964 64,324
Operating income (Loss) (1,367) 22,078 17,987 14,970 56,255 55,332 45,937 28,440 53,668 185,964 125,897
Restructuring charges (5,000)               (5,012) 0 0
Interest expense                 (11,880) (8,436) (2,343)
Other income, net                 1,168 3,277 1,779
Income from continuing operations before income taxes                 42,956 180,805 125,333
Income from joint ventures                 2,636 4,622 3,135
Foreign                 2,284,152 2,471,737 1,570,936
Domestic                 1,056,786 987,457 730,304
Total revenues from external customers                 3,340,938 3,459,194 2,301,240
Number Of External Customers With More Than 10% of Consolidated Revenue                 0 0 0
Metal Recycling Business [Member]
                     
Segment Reporting Information [Line Items]                      
Total assets 1,696,296 [2]       1,668,778 [2]       1,696,296 [2] 1,668,778 [2]  
Investments in joint venture partnerships 17,000       17,000       17,000 17,000  
Revenues Including intercompany                 2,948,707 3,070,004 1,979,770
Less: Intersegment revenues                 (183,906) (169,331) (155,310)
Revenues from external customers                 2,764,801 2,900,673 1,824,460
Depreciation and amortization                 57,855 49,773 38,516
Capital expenditures                 60,212 88,917 53,753
Operating income (Loss)                 63,872 [3] 164,646 [3] 118,449 [3]
Income from joint ventures                 2,000 5,000 3,000
Total revenues from external customers                 2,764,801 2,900,673 1,824,460
Auto Parts Business [Member]
                     
Segment Reporting Information [Line Items]                      
Total assets 329,327       304,060       329,327 304,060  
Revenues Including intercompany                 316,884 319,833 241,233
Less: Intersegment revenues                 (73,974) (78,795) (49,538)
Revenues from external customers                 242,910 241,038 191,695
Depreciation and amortization                 10,920 10,131 7,568
Capital expenditures                 7,525 7,099 4,682
Operating income (Loss)                 33,304 64,027 51,096
Total revenues from external customers                 242,910 241,038 191,695
Steel Manufacturing Business [Member]
                     
Segment Reporting Information [Line Items]                      
Total assets 322,398       324,596       322,398 324,596  
Revenues from external customers                 333,227 317,483 285,085
Depreciation and amortization                 9,436 10,782 12,879
Capital expenditures                 5,556 3,328 3,255
Operating income (Loss)                 (2,081) 2,562 (5,862)
Total revenues from external customers                 333,227 317,483 285,085
Operating Segments [Member]
                     
Segment Reporting Information [Line Items]                      
Total assets 2,348,021       2,297,434       2,348,021 2,297,434  
Depreciation and amortization                 78,211 70,686 58,963
Capital expenditures                 73,293 99,344 61,690
Operating income (Loss)                 95,095 231,235 163,683
Corporate and elimination [Member]
                     
Segment Reporting Information [Line Items]                      
Total assets (584,448)       (407,265)       (584,448) (407,265)  
Depreciation and amortization                 4,045 4,180 4,265
Capital expenditures                 5,267 5,620 2,634
Operating income (Loss)                 (36,415) (45,271) (37,786)
Ferrous Scrap Metal [Member]
                     
Segment Reporting Information [Line Items]                      
Revenues from external customers                 2,117,055 2,259,229 1,403,354
Total revenues from external customers                 2,117,055 2,259,229 1,403,354
Nonferrous Scrap Metal [Member]
                     
Segment Reporting Information [Line Items]                      
Revenues from external customers                 647,746 641,444 421,106
Total revenues from external customers                 647,746 641,444 421,106
Auto Parts [Member]
                     
Segment Reporting Information [Line Items]                      
Revenues from external customers                 242,910 241,038 191,695
Total revenues from external customers                 242,910 241,038 191,695
Finished Steel Products [Member]
                     
Segment Reporting Information [Line Items]                      
Revenues from external customers                 332,719 317,338 270,712
Total revenues from external customers                 332,719 317,338 270,712
Semi-finished Steel Products [Member]
                     
Segment Reporting Information [Line Items]                      
Revenues from external customers                 508 145 14,373
Total revenues from external customers                 508 145 14,373
Canada
                     
Segment Reporting Information [Line Items]                      
Property, plant and equipment, net 67,000       49,000       67,000 49,000  
China
                     
Segment Reporting Information [Line Items]                      
Foreign                 719,979 884,744 487,098
% of Revenue                 22.00% 25.60% 21.20%
Turkey
                     
Segment Reporting Information [Line Items]                      
Foreign                 435,558    
% of Revenue                 13.00%    
South Korea
                     
Segment Reporting Information [Line Items]                      
Foreign                 $ 397,525   $ 260,456
% of Revenue                 12.00%   11.30%
Customer Concentration Risk [Member]
                     
Segment Reporting Information [Line Items]                      
Concentration Risk Benchmark Percentage                 10.00% 10.00% 10.00%
Geographic Concentration Risk [Member]
                     
Segment Reporting Information [Line Items]                      
Concentration Risk Benchmark Percentage                 10.00% 10.00% 10.00%
[1] Property, plant and equipment, net includes $67 million and $49 million as of August 31, 2012 and 2011, respectively, at our Canadian locations.
[2] MRB total assets include $17 million as of August 31, 2012 and 2011, for investments in joint venture partnerships.
[3] MRB operating income includes $2 million, $5 million and $3 million in income from joint ventures accounted for by the equity method in fiscal 2012, 2011 and 2010, respectively.