| Commercial Metals Company | |
| Type: | Public company |
| Traded As: | S&P 400 component |
| Industry: | Metals Steel |
| Hq Location: | Irving, Texas |
| Location Country: | United States |
| Products: | Steel |
| Revenue: | $8.799 billion (FY 2023) |
| Net Income: | $859 million (FY 2023) |
| Assets: | $6.639 billion (FY 2023) |
| Equity: | $4.120 billion (FY 2023) |
| Num Employees: | 13,022 (2023) |
| Footnotes: | [1] |
Commercial Metals Company (CMC), headquartered in Irving, Texas, is a producer of rebar and related products for the construction industry. Along with Nucor, it is one of two primary suppliers of steel used to reinforce concrete in buildings, bridges, roads, and infrastructure in the U.S. The company also owns Tensar, a producer of foundation systems used for the construction of roadways, public infrastructure, and industrial facilities.[1]
CMC operates 212 facilities in the United States and Poland, including electric arc furnace mini-mills, scrap recycling facilities, and steel fabrication plants.[1] In its fiscal 2023 year, it shipped 6.1 million short tons of steel to external customers; 84% of its sales were in the United States and 16% of its sales were from its facilities in Poland.[1]
The company was founded in 1915 by Russian immigrant Jacob Feldman as American Iron & Metal Company, a scrap trading company.[2]
| Date | Acquisition / Divestiture | Company | Price | Ref(s). | |
|---|---|---|---|---|---|
| Acquisition | Owen Steel Company | $87 million | [3] | ||
| Acquisition | Assets of Nicholas J. Bouras Inc. | $63 million | [4] | ||
| Divestiture | Heavy fabrication plant of SMI-Owen Steel | $20 million | [5] | ||
| Acquisition | G.A.M. Steel Pty. Ltd of Australia | Undisclosed | [6] | ||
| Divestiture | Howell Metal Company | $58.5 million | [7] | ||
| Acquisition | Steel fabrication business of Associated Steel Workers, Limited (steel fabrication facility in Kapolei, Hawaii) | Undisclosed | [8] | ||
| Divestiture | CMC Cometals Division | $179 million | [9] | ||
| Acquisition | 33 rebar manufacturing facilities and 4 EAF mini mills from Gerdau | $600 million | [10] [11] | ||
| Divestiture | 95-acre land parcel in Rancho Cucamonga, California; former site of steel mill acquired from Gerdau | $313 million | [12] [13] | ||
| Acquisition | Tensar | $550 million | [14] | ||
| Acquisition | Advanced Steel Recovery | Undisclosed | [15] | ||
| Acquisition | Galveston area metals recycling facility | Undisclosed | [16] | ||
| Acquisition | Roane Metals Group LLC | Undisclosed | [17] | ||
| Acquisition | EDSCO Fasteners LLC | Undisclosed | [18] |