SCHN 2017 Annual Report

SCHNITZER STEEL INDUSTRIES, INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 92 / Schnitzer Steel Industries, Inc. Form 10-K 2017 The following revenues from external customers are presented based on the sales destination and by major product for the years ended August 31 (in thousands): 2017 2016 2015 Revenues based on sales destination: Foreign $ 894,265 $ 683,569 $ 984,910 Domestic 793,326 668,974 930,489 Total revenues from external customers $ 1,687,591 $ 1,352,543 $ 1,915,399 Major product information: Ferrous scrap metal $ 855,161 $ 619,060 $ 922,291 Nonferrous scrap metal 425,989 340,025 488,036 Retail and other 126,235 123,553 130,035 Finished steel products 280,206 269,355 363,795 Semi-finished steel products — 550 11,242 Total revenues from external customers $ 1,687,591 $ 1,352,543 $ 1,915,399 In fiscal 2017, 2016 and 2015, there were no external customers that accounted for more than 10% of the Company’s consolidated revenues. Sales to customers in foreign countries are a significant part of the Company’s business. The schedule below identifies those foreign countries to which the Company’s sales exceeded 10% of consolidated revenues in any of the last three years ended August 31 (in thousands): 2017 % of Revenue 2016 % of Revenue 2015 % of Revenue China $ 216,231 13% $ 150,570 11% $ 240,279 13% Turkey (1) N/A N/A 163,696 12% 225,040 12% _____________________________ (1) N/A = Sales were less than the 10% threshold.