Equity Investees

9 Months Ended

Sep. 30, 2012

Equity Method Investments Disclosure [Text Block]

Equity Investees

The Company has investments in several businesses accounted for using the equity method of accounting. These investees are Combined Metals of Chicago, LLC, Magnetation LLC and Rockport Roll Shop LLC. Summarized operating data for all investees is presented as follows:



	Nine Months Ended September 30,
	2012		2011
Revenue	$	220.7	$	175.6
Gross profit	36.7		30.9
Net income	22.6		19.4

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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