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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2011

Summary of Significant Accounting Policies

Schedule of estimated useful lives of property, plant and equipment

Buildings		311/2 years
Machinery and equipment		3 - 20 years

Schedule of sales, by products or services

		2011			2010			2009
Carbon steel			53	%		52	%		56	%
Aluminum			15			18			18
Stainless steel			15			16			13
Alloy steel			10			8			7
Toll processing			2			2			2
Other			5			4			4
Total			100	%		100	%		100	%

Summary of the Company's operations by geographic location based on where sales originated from

		United States			Foreign Countries			Total
					(in millions)
Year Ended December 31, 2011
Net sales		$	7,647.4		$	487.3		$	8,134.7
Long-lived assets			3,035.1			296.1			3,331.2
Year Ended December 31, 2010
Net sales			6,023.6			289.2			6,312.8
Long-lived assets			2,807.8			160.2			2,968.0
Year Ended December 31, 2009
Net sales			5,122.2			195.9			5,318.1
Long-lived assets			2,762.6			153.3			2,915.9

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Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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-Publisher FASB

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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