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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

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

Although a variety of products or services are sold at our various locations, in total, sales were comprised of the following in each of the three years ended December 31:

		2012			2011			2010
Carbon steel			51	%		53	%		52	%
Aluminum			15			15			18
Stainless steel			15			15			16
Alloy steel			12			10			8
Toll processing			2			2			2
Other			5			5			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, 2012
Net sales		$	7,861.3		$	581.0		$	8,442.3
Long-lived assets			3,270.9			309.4			3,580.3
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

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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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