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Inventory
12 Months Ended
Dec. 31, 2017
Inventory Disclosure [Abstract]  
Inventory

Note 2: Inventory

The major classes of inventory are as follows:

 

December 31,

 

2017

 

 

2016

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

Raw materials and starting stock

 

$

 

8,527

 

 

$

 

5,769

 

Semi-finished and finished steel products

 

 

 

99,820

 

 

 

 

77,510

 

Operating materials

 

 

 

10,850

 

 

 

 

9,893

 

Gross inventory

 

 

 

119,197

 

 

 

 

93,172

 

Inventory reserves

 

 

 

(2,534

)

 

 

 

(1,830

)

Total inventory, net

 

$

 

116,663

 

 

$

 

91,342