RELATED PARTY TRANSACTIONS (Details Textual) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013	Mar. 31, 2012	Jun. 30, 2012
Related Party Transaction, Purchases from Related Party	$ 75,618,422	$ 14,065,131	$ 221,817,578	$ 111,820,655
Related Party Transaction, Effects of any Change in Method of Establishing Terms			It is common for the Company with its related parties to accommodate an extension of 90 to 180 days.
Letters of Credit Outstanding, Amount	93,638,928		93,638,928		82,669,496
Proceeds from Related Party Debt			8,819,561		8,815,502
Other Accrued Liabilities, Current	1,877,149		1,877,149		1,621,842
CRM Suzhou [Member]
Letters of Credit Outstanding, Amount	13,486,508		13,486,508		0
Due from Related Parties	17,664,856		17,664,856		0
Due to Related Parties	13,486,508		13,486,508		0
Shanghai Huaye Iron and Steel Co Ltd [Member]
Due from Related Parties	148,785,602		148,785,602		121,884,833
Related Party [Member]
Operating Leases, Rent Expense, Net	$ 38,205	$ 93,908	$ 114,286	$ 281,725