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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities:    
Net income $ 228.1 $ 193.8
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 72.0 64.5
Deferred income tax benefit (2.5) (2.5)
Gain on sales of property, plant and equipment (0.2) (2.1)
Equity in earnings of unconsolidated entities (1.1) (1.1)
Dividends received from unconsolidated entities 0.6 0.6
Share-based compensation expense 11.5 10.8
Tax (benefit) deficit from share-based compensation (0.2) 0.3
Net loss from life insurance policies and other investments 1.0 1.7
Changes in operating assets and liabilities (excluding effects of businesses acquired):    
Accounts receivable (98.6) (259.9)
Inventories (183.4) (299.0)
Prepaid expenses and other assets 8.8 27.2
Accounts payable and other liabilities (14.8) 180.2
Net cash provided by (used in) operating activities 21.2 (85.5)
Investing activities:    
Purchases of property, plant and equipment (86.8) (66.3)
Acquisitions of metals service centers, net of cash acquired (82.3)  
Proceeds from sales of property, plant and equipment 2.8 7.3
Investment in marketable securities (1.7)  
Net proceeds from redemption of life insurance policies 0.7 2.3
Net cash used in investing activities (167.3) (56.7)
Financing activities:    
Net short-term debt (repayments) borrowings (29.4) 0.8
Proceeds from long-term debt borrowings 458.0 286.0
Principal payments on long-term debt (259.5) (117.1)
Payments to noncontrolling interest holders (1.4) (1.0)
Dividends paid (22.5) (17.9)
Tax benefit (deficit) from share-based compensation 0.2 (0.3)
Exercise of stock options 9.7 9.4
Net cash provided by financing activities 155.1 159.9
Effect of exchange rate changes on cash   1.4
Increase (decrease) in cash and cash equivalents 9.0 19.1
Cash and cash equivalents at beginning of year 84.6 72.9
Cash and cash equivalents at end of period 93.6 92.0
Supplemental cash flow information:    
Interest paid during the period 29.0 26.4
Income taxes paid during the period 142.4 60.9
Non-cash investing and financing activities:    
Debt assumed in connection with an acquisition of a metals service center $ 29.5