Significant Customers and Export Sales

12 Months Ended

Feb. 28, 2013

Significant Customers and Export Sales

Note 9: Significant Customers and Export Sales

Due to the concentration in the automotive industry, sales to individual automotive customers—including indirect sales—are significant. The following table shows direct sales to our significant customers that represented 10% or more of consolidated net sales for any of fiscal 2013, 2012 or 2011.

	% of Consolidated Net Sales
Customer	Fiscal 2013			Fiscal 2012			Fiscal 2011
Chrysler LLC		20	%		17	%		17	%
U.S. Steel		16	%		22	%		15	%
Ford Motor Company		8	%		12	%		18	%

The following table shows gross accounts receivable from these significant customers as a percentage of total consolidated gross accounts receivable as of February 28, 2013, and February 29, 2012.

	% of Consolidated Gross Accounts Receivable
Customer	February 28, 2013			February 29, 2012
Chrysler LLC		18	%		18	%
Ford Motor Company		8	%		15	%
U.S. Steel		5	%		12	%

For certain automotive customers, we may purchase unprocessed steel and then sell the finished, coated or laminated steel back to the same customer. Thus, for those companies, we may carry significant accounts payable balances.

MSC’s domestic and foreign net sales are presented in the chart below. Sales to customers in any one foreign country did not comprise greater than 10% of consolidated net sales for any period presented.

Net Sales (in thousands)	Fiscal 2013		Fiscal 2012		Fiscal 2011
Domestic	$	105,513	$	121,684	$	125,179
Foreign		15,494		15,050		12,445
Total	$	121,007	$	136,734	$	137,624

Domestic net sales included sales originated by our domestic subsidiaries and shipped to customers located in Asia of $0.4 million and $3.5 million for fiscal 2012 and 2011, respectively. There were no sales from our domestic subsidiaries to customers located in Asia in fiscal 2013.