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INVENTORIES | 12 Months Ended
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Aug. 31, 2018
Inventory Disclosure [Abstract] |
INVENTORIES | NOTE 6. INVENTORIES The majority of the Company's inventories are in the form of semi-finished and finished goods. Under the Company’s business model, products are sold to external customers in various stages, from semi-finished billets through fabricated steel, leading these categories to be combined. As such, at August 31, 2018 and 2017, work in process inventories were not material. At August 31, 2018 and 2017, the Company's raw materials inventories were $177.7 million and $116.8 million, respectively. Inventory write-downs were $1.4 million, $21.5 million, and $15.6 million for the years ended August 31, 2018, 2017, and 2016, respectively.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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