Property, Plant and Equipment

12 Months Ended

Dec. 31, 2019

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

NOTE 4 – PROPERTY, PLANT AND EQUIPMENT:

	2019			2018
Land and land improvements	$	9,556		$	10,207
Buildings		61,866			65,425
Machinery and equipment		325,941			332,378
Construction-in-process		5,251			3,499
Other		6,872			6,813
		409,486			418,322
Accumulated depreciation		(243,094	)		(232,661	)
Property, plant and equipment, net	$	166,392		$	185,661

The majority of the assets of the Corporation, except real property including the land and building of Union Electric Steel UK Limited, an indirect subsidiary of the Corporation (“UES-UK”), is pledged as collateral for the Corporation’s revolving credit facility (see Note 9). Land and buildings of UES-UK, equal to approximately $2,798 (£2,122) at December 31, 2019, are held as collateral by the trustees of the UES-UK defined benefit pension plan (see Note 11). The gross value of assets under finance leases and the related accumulated amortization approximated $3,204 and $903, respectively, as of December 31, 2019, and $3,716 and $1,340, respectively, as of December 31, 2018.