Note 19 - Related Party Transactions

12 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

19.

RELATED PARTY TRANSACTIONS

In the

fourth

quarter of fiscal

2016,

Mr. Guilherme Camargo was appointed Operations Manager of Armco do Brasil S.A. (Armco.) Armco is the largest supplier of steel to our subsidiary in Brazil. Mr. Camargo is the son of Salvador de Camargo, who is the president of our subsidiary in Brazil and a member of the board of directors. The Company made annual purchases from Armco of

$5.1

million,

$3.2

million and

$4.1

million in fiscal

2017,

2016

and

2015,

respectively. The Company had accounts payable of

$0.2

and

$0.0

million as of

June 30, 2017

and

June 30, 2016,

respectively.