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BUSINESS SEGMENTS (Summary of Certain Financial Information from Continuing Operations by Reportable Segment) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Aug. 31, 2016
Segment Reporting Information [Line Items]      
Net sales $ 1,075,063 $ 1,154,859  
Adjusted operating profit (loss) 23,352 56,061  
Total assets 3,002,580   $ 3,130,869
Continuing Operations      
Segment Reporting Information [Line Items]      
Net sales 1,075,063 1,154,859  
Adjusted operating profit (loss) 23,352 56,061  
Total assets [1] 3,001,439   3,124,082
Americas Recycling      
Segment Reporting Information [Line Items]      
Net sales 154,362 154,836  
Adjusted operating profit (loss) (5,098) (6,548)  
Total assets [1] 194,056   188,873
Americas Mills      
Segment Reporting Information [Line Items]      
Net sales 203,331 217,641  
Adjusted operating profit (loss) 36,949 59,064  
Total assets [1] 791,063   798,481
Americas Fabrication      
Segment Reporting Information [Line Items]      
Net sales 335,277 379,481  
Adjusted operating profit (loss) 6,711 21,345  
Total assets [1] 629,925   659,165
International Mill      
Segment Reporting Information [Line Items]      
Net sales 134,190 120,448  
Adjusted operating profit (loss) 9,973 2,771  
Total assets [1] 360,428   372,492
International Marketing and Distribution      
Segment Reporting Information [Line Items]      
Net sales 246,153 280,062  
Adjusted operating profit (loss) (966) (2,169)  
Total assets [1] 560,109   564,068
Corporate      
Segment Reporting Information [Line Items]      
Net sales 1,750 2,391  
Adjusted operating profit (loss) (24,013) (18,072)  
Total assets [1] 950,717   1,034,053
Eliminations      
Segment Reporting Information [Line Items]      
Net sales 0 0  
Adjusted operating profit (loss) (204) (330)  
Total assets [1] (484,859)   (493,050)
Segments | Continuing Operations      
Segment Reporting Information [Line Items]      
Net sales 1,075,063 1,154,859  
Segments | Americas Recycling      
Segment Reporting Information [Line Items]      
Net sales 176,708 179,207  
Segments | Americas Mills      
Segment Reporting Information [Line Items]      
Net sales 347,165 384,532  
Segments | Americas Fabrication      
Segment Reporting Information [Line Items]      
Net sales 338,400 382,314  
Segments | International Mill      
Segment Reporting Information [Line Items]      
Net sales 134,401 120,448  
Segments | International Marketing and Distribution      
Segment Reporting Information [Line Items]      
Net sales 248,160 283,037  
Segments | Corporate      
Segment Reporting Information [Line Items]      
Net sales 1,750 2,391  
Segments | Eliminations      
Segment Reporting Information [Line Items]      
Net sales (171,521) (197,070)  
Intersegment | Continuing Operations      
Segment Reporting Information [Line Items]      
Net sales 0 0  
Intersegment | Americas Recycling      
Segment Reporting Information [Line Items]      
Net sales 22,346 24,371  
Intersegment | Americas Mills      
Segment Reporting Information [Line Items]      
Net sales 143,834 166,891  
Intersegment | Americas Fabrication      
Segment Reporting Information [Line Items]      
Net sales 3,123 2,833  
Intersegment | International Mill      
Segment Reporting Information [Line Items]      
Net sales 211 0  
Intersegment | International Marketing and Distribution      
Segment Reporting Information [Line Items]      
Net sales 2,007 2,975  
Intersegment | Corporate      
Segment Reporting Information [Line Items]      
Net sales 0 0  
Intersegment | Eliminations      
Segment Reporting Information [Line Items]      
Net sales (171,521) $ (197,070)  
Discontinued operations      
Segment Reporting Information [Line Items]      
Disposal Group, Including Discontinued Operation, Assets $ 1,200   $ 6,800
[1] Excludes total assets from discontinued operations of $1.2 million at November 30, 2016 and $6.8 million at August 31, 2016.