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Inventories (Tables)
6 Months Ended
Jun. 30, 2013
Inventories  
Schedule of inventories

Inventories are stated at lower of cost or market.  Cost is determined using a weighted average method for scrap, and a first-in, first-out basis for all other inventories.  Inventories consisted of the following (in thousands):

 

 

 

June 30,

 

December 31,

 

 

 

2013

 

2012

 

Raw materials

 

$

558,355

 

$

594,388

 

Supplies

 

279,147

 

278,494

 

Work-in-progress

 

89,156

 

82,934

 

Finished goods

 

241,841

 

246,691

 

Total inventories

 

$

1,168,499

 

$

1,202,507