Investments in Affiliates (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2016

Dec. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments [Table Text Block]

Summarized financial statement data for all investees is presented below. The financial results for Magnetation are only included through March 31, 2015, since it is unlikely that we will retain our equity interest as a result of Magnetation’s bankruptcy.



	Three Months Ended March 31,
	2016		2015
Revenue	$	69.6	$	131.5
Gross profit	23.0		7.0
Net income (loss)	7.8		(24.6		)

Summarized financial statement data for all investees is presented below. The financial results for the acquired joint ventures are only included for the period since the acquisition and the financial results for Magnetation are only included through March 31, 2015, since it is unlikely that we will retain our equity interest as a result of Magnetation’s bankruptcy.



	2015			2014		2013
Revenue	$	356.4		$	386.1	$	293.9
Gross profit	68.3			93.2		103.7
Net income (loss)	(9.8		)	10.8		20.1



	2015		2014
Current assets	$	89.3	$	211.8
Noncurrent assets	66.9		879.1
Current liabilities	14.5		157.1
Noncurrent liabilities	33.8		516.6

Investees and equity ownership percentages are presented below:



		Equity Ownership %
Combined Metals of Chicago, LLC		40.0%
Delaco Processing, LLC		49.0%
Magnetation LLC		49.9%
Rockport Roll Shop LLC		50.0%
Spartan Steel Coating, LLC		48.0%

Transactions with all equity investees for the years indicated are presented below:



	2015		2014		2013
Sales to equity investees	$	61.4	$	93.4	$	71.6
Purchases from equity investees	251.0		67.7		12.5

Outstanding receivables and payables with all equity investees as of the end of the year indicated are presented below:



	2015		2014
Accounts receivable from equity investees	$	0.4	$	2.5
Accounts payable to equity investees	33.1		10.9