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Inventory
12 Months Ended
Dec. 31, 2019
Inventory Disclosure [Abstract]  
Inventory

Note 3: Inventory

The major classes of inventory are as follows:

 

December 31,

 

2019

 

 

2018

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

Raw materials and starting stock

 

$

 

9,815

 

 

$

 

9,555

 

Semi-finished and finished steel products

 

 

 

127,713

 

 

 

 

115,627

 

Operating materials

 

 

 

13,090

 

 

 

 

12,515

 

Gross inventory

 

 

 

150,618

 

 

 

 

137,697

 

Inventory reserves

 

 

 

(3,216

)

 

 

 

(2,959

)

Total inventory, net

 

$

 

147,402

 

 

$

 

134,738