Question-and-Answer Session
Sure. [Operator Instructions]. And your first question comes from the line of Michael Gambardella. Please proceed, sir.
Michael Gambardella - JP Morgan
You gave for the full year the $5.80 to $6.10, what's your assumption for just the back half of the year on the LIFO for the company?
L. Patrick Hassey - Chairman, President and Chief Executive Officer
It is just an equalization of what we've taken so far Mike. We... as you know we have project here in numbers and what we've now taken in the first half of the year, we had a LIFO pick up and high performance. We had a $16 million hit in LIFO on the flat-rolled side, due to everything except nickel. When you put those two together, it's about $3.5 million net for this quarter, but when you are going forward if that was 16 million, you can start to figure out numbers. Rich do you want to comment on that.
Richard J. Harshman - Executive Vice President of Finance and Chief Financial Officer
Yes, now Mike it would where we expect the full year to be is above $9 million in total. So $4.5 million in the first half and $4.5 million in the second half. That's based also... obviously our view and assumptions today, of all the drivers of LIFO and all the various market basket of raw materials that we buy.
Michael Gambardella - JP Morgan
Okay.
L. Patrick Hassey - Chairman, President and Chief Executive Officer
Mike I will answer the question, not a big impact.
Michael Gambardella - JP Morgan
Okay, great. Thank you.
L. Patrick Hassey - Chairman, President and Chief Executive Officer
Thank you.
Operator
Your next question comes from the line of John Hill of Citi. Please proceed.
John Hill - Citigroup
Thanks and good afternoon everyone.
L. Patrick Hassey - Chairman, President and Chief Executive Officer
Hi John.
John Hill - Citigroup
Just wondering if we could revisit the subject of commodity seamless. In the past the company has stated that it's focused on a target of roughly £700 million this year to essentially support the margin structure across the rest of the product line. It looks like we're kind of on track. Is that still a good target, a good metric and do you feel we can still hit that?
L. Patrick Hassey - Chairman, President and Chief Executive Officer
John, it is a good target and it is a good metric, if you back up. And just coming back to a little bit of LIFO, if you look at that quarter at 13.3%, if you took the LIFO out of that quarter, we were right at something over 15% on our margins to sales. So, when we look at that and we look at the balance that we're currently achieving between electrical steel plate, precision rolled-strip, our nickel based alloys, and our standard alloys, we're really pretty much on track to do what we said we would do.
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