Derivative And Other Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The amounts shown in the table below represent the gross amounts of recognized assets and liabilities, the amounts offset in the Consolidated Balance Sheet and the net amounts of assets and liabilities presented therein. As of March 31, 2018 and December 31, 2017, there were no amounts subject to an enforceable master netting arrangement or similar agreement that have not been offset in the Consolidated Balance Sheet.

	Fair Value of Derivatives as of
	March 31, 2018						December 31, 2017
Derivatives by Type	Asset			Liability			Asset			Liability
Metal	$	48.1		$	(18.5	)	$	33.5		$	(36.0	)
Energy	0.2			—			0.2			(0.1		)
Currency	3.4			—			1.6			(0.1		)
Total	51.7			(18.5		)	35.3			(36.2		)
Effect of counterparty netting	(18.1		)	18.1			(27.2		)	27.2
Net derivatives as classified in the balance sheet	$	33.6		$	(0.4	)	$	8.1		$	(9.0	)

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair value of our derivative financial instruments at March 31, 2018 and December 31, 2017 are recorded in the Consolidated Balance Sheet as follows:

Asset Derivatives	Balance Sheet Location	March 31, 2018		December 31, 2017
Metal	Prepaid expenses and other current assets	$	28.5	$	2.2
	Other long-term assets	1.5		4.3
Energy	Prepaid expenses and other current assets	0.2		0.1
Currency	Prepaid expenses and other current assets	1.6		0.8
	Other long-term assets	1.8		0.7
Total		$	33.6	$	8.1
Liability Derivatives	Balance Sheet Location	March 31, 2018		December 31, 2017
Metal	Accrued liabilities	$	—	$	9.0
Metal	Other long-term liabilities	0.4		—
Total		$	0.4	$	9.0

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

Realized losses and (gains) on derivative financial instruments totaled the following:

	For the three months ended
	March 31, 2018			March 31, 2017
Metal	$	1.0		$	19.5
Energy	(0.2		)	0.4
Currency	(1.0		)	0.5

Schedule of Fair Value Measurements, Nonrecurring

The carrying amount, fair values and level in the fair value hierarchy of our other financial instruments at March 31, 2018 and December 31, 2017 are as follows:

	March 31, 2018					December 31, 2017
	Carrying Amount		Fair Value		Level in the Fair Value Hierarchy	Carrying Amount		Fair Value		Level in the Fair Value Hierarchy
Cash and cash equivalents	$	79.1	$	79.1	Level 1	$	102.4	$	102.4	Level 1
Restricted cash	5.7		5.7		Level 1	5.6		5.6		Level 1
ABL Facility	365.9		365.9		Level 2	319.3		319.3		Level 2
7 7/8% Senior Notes	437.0		432.6		Level 1	436.7		438.1		Level 1
9 ½ % Senior Secured Notes	800.7		834.0		Level 1	800.8		847.3		Level 1
Exchangeable Notes	44.5		45.4		Level 3	44.5		45.4		Level 3
Zhenjiang Term Loans	172.1		172.6		Level 3	169.8		170.3		Level 3