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Inventory

12 Months Ended

Dec. 31, 2012

Note 3: Inventory

The major classes of inventory are as follows:


December 31,	2012		2011

*(dollars in thousands)*
Raw materials and supplies	$	7,431	$	5,934
Semi-finished and finished steel products		80,731		73,046
Operating materials		7,587		6,108

Total inventory, net	$	95,749	$	85,088

- 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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