INVENTORIES |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Aug. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INVENTORIES | NOTE 5. INVENTORIES Most of the Company's inventories are in the form of semi-finished and finished steel products. Under the Company’s vertically integrated business model in the North America Steel Group and Europe Steel Group segments, steel products are sold to external customers in various stages, from semi-finished billets through fabricated steel, so these categories are combined as finished goods. The components of inventories were as follows:
The inventory valuation reserve was immaterial as of August 31, 2026. As of August 31, 2025 and 2024, the inventory valuation reserve was $2.5 million, and $5.1 million, respectively, and primarily impacted the North America Steel Group segment and Europe Steel Group segment, respectively. Immaterial inventory write-downs were recorded in cost of goods sold in the consolidated statements of earnings in all years.
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