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INVENTORIES | 12 Months Ended
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Aug. 31, 2019
Inventory Disclosure [Abstract] |
INVENTORIES | NOTE 8. 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, 2019 and 2018, work in process inventories were not material. At August 31, 2019 and 2018, the Company's raw materials inventories were $143.7 million and $177.7 million, respectively. Inventory write-downs were immaterial for 2019 and 2018, and $21.5 million for 2017.

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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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