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BUSINESS SEGMENTS (Summary of Certain Financial Information from Continuing Operations by Reportable Segment and Major Product) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Aug. 31, 2020
Segment Reporting Information [Line Items]      
Net sales $ 1,391,803 $ 1,384,708  
Adjusted EBITDA from continuing operations 143,633 159,805  
Total assets 4,016,668   $ 4,081,728
Segments      
Segment Reporting Information [Line Items]      
Net sales 1,391,803 1,384,708  
Segments | Unaffiliated Customers      
Segment Reporting Information [Line Items]      
Net sales 1,391,803 1,384,708  
Segments | Raw material products      
Segment Reporting Information [Line Items]      
Net sales 213,067 183,828  
Segments | Steel Products      
Segment Reporting Information [Line Items]      
Net sales 609,112 570,907  
Segments | Downstream products      
Segment Reporting Information [Line Items]      
Net sales 471,502 527,927  
Segments | Other      
Segment Reporting Information [Line Items]      
Net sales 98,122 102,046  
Segments | Continuing Operations      
Segment Reporting Information [Line Items]      
Adjusted EBITDA from continuing operations 143,633 159,805  
Total assets 4,016,668   4,081,728
Segments | North America      
Segment Reporting Information [Line Items]      
Net sales 1,195,013 1,216,720  
Adjusted EBITDA from continuing operations 155,634 174,732  
Total assets 2,871,933   2,862,805
Segments | North America | Unaffiliated Customers      
Segment Reporting Information [Line Items]      
Net sales 1,195,013 1,216,720  
Segments | North America | Raw material products      
Segment Reporting Information [Line Items]      
Net sales 210,237 181,623  
Segments | North America | Steel Products      
Segment Reporting Information [Line Items]      
Net sales 457,657 441,163  
Segments | North America | Downstream products      
Segment Reporting Information [Line Items]      
Net sales 437,029 499,727  
Segments | North America | Other      
Segment Reporting Information [Line Items]      
Net sales 90,090 94,207  
Segments | Europe      
Segment Reporting Information [Line Items]      
Net sales 194,596 165,389  
Adjusted EBITDA from continuing operations 14,470 11,359  
Total assets 526,023   532,850
Segments | Europe | Unaffiliated Customers      
Segment Reporting Information [Line Items]      
Net sales 194,185 165,040  
Segments | Europe | Raw material products      
Segment Reporting Information [Line Items]      
Net sales 2,830 2,205  
Segments | Europe | Steel Products      
Segment Reporting Information [Line Items]      
Net sales 151,455 129,744  
Segments | Europe | Downstream products      
Segment Reporting Information [Line Items]      
Net sales 34,473 28,200  
Segments | Europe | Other      
Segment Reporting Information [Line Items]      
Net sales 5,427 4,891  
Segments | Corporate      
Segment Reporting Information [Line Items]      
Net sales 2,194 2,599  
Adjusted EBITDA from continuing operations (26,471) (26,286)  
Total assets 618,712   $ 686,073
Segments | Corporate | Unaffiliated Customers      
Segment Reporting Information [Line Items]      
Net sales 2,605 2,948  
Segments | Corporate | Raw material products      
Segment Reporting Information [Line Items]      
Net sales 0 0  
Segments | Corporate | Steel Products      
Segment Reporting Information [Line Items]      
Net sales 0 0  
Segments | Corporate | Downstream products      
Segment Reporting Information [Line Items]      
Net sales 0 0  
Segments | Corporate | Other      
Segment Reporting Information [Line Items]      
Net sales 2,605 2,948  
Intersegment      
Segment Reporting Information [Line Items]      
Net sales 0 0  
Intersegment | North America      
Segment Reporting Information [Line Items]      
Net sales 0 0  
Intersegment | Europe      
Segment Reporting Information [Line Items]      
Net sales 411 349  
Intersegment | Corporate      
Segment Reporting Information [Line Items]      
Net sales $ (411) $ (349)