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Maker of steel and metal products.
6565 N. MacArthur Blvd., Suite 800
Irving, TX 75039
CEO: Joseph Alvarado
Stock Symbol: CMC
Since 1915, Commercial Metals Company (CMC) has manufactured, recycled and marketed steel and metal products and related materials around the world. CMC is an efficient, high quality, low-cost producer and is one of the few steel companies with investment grade public debt ratings. CMC has a high degree of vertical integration and is organized into five business segments:
The Recycling segment is one of the largest processors of nonferrous scrap metals and one of the largest regional processors of ferrous scrap metals in the U.S. The recycled metals are sold to steel mills, specialty steel producers, high temperature alloy manufacturers, foundries, aluminum refineries and mills, copper and brass mills, and other consumers.
The Domestic Mills are comprised of five steel minimills and a copper tube mill. Domestic steel mill capacity of 2.8 million tons includes reinforcing bars, angles, channels, special bar quality rounds and flats, squares, light and mid-sized structurals, and special sections. The products are sold to the construction, service center, transportation, steel warehousing, fabrication, energy, petrochemical and original equipment manufacturing industries. The copper tube mill, with 80 million pounds of capacity, manufactures primarily copper water tube as well as air conditioning line sets and refrigeration tubing in straight lengths and coils for use in commercial, industrial and residential construction.
The Domestic Fabrication segment is comprised of rebar and structural fabrication plants, a castellated and cellular beam fabricator, fence post manufacturing plants, heat treating plants, construction-related product warehouses and a domestic import/export steel division. Domestic steel fabrication capacity exceeds 1.6 million tons.
The International Mills segment is comprised of three mills located in Poland and Croatia. The Polish mills, located in Zawiercie, have a capacity of 1.3 million metric tons and are the second largest steel producers in Poland manufacturing primarily rebar, wire rod and merchants. The facility has two melting furnaces, continuous casters, a bar mill, and a wire rod mill. The bar mill produces merchant products which include concrete reinforcing bar, rounds, squares, and flats. The wire rod mill produces wire rod in drawing and mesh quality. CMCZ sells primarily to fabricators, distributors and construction companies. Principal customers for wire rod are meshmakers, end users and distributors. The mill in Croatia has an annual capacity of 110,000 metric tons and produces seamless, welded and cold processed pipe.
International Marketing and Distribution
This segment is a physical business which markets, distributes and processes primary and secondary metals, steels, ores, concentrates, industrial minerals, ferroalloys, chemicals and industrial products through a global network of marketing and distribution offices, processing facilities and other investments and joint ventures. This segment functions as a global marketing channel for metal producers and fabricators, providing technical information and assistance, financing, transportation and shipping (including chartering of vessels), just-in-time warehousing, processing, storage, insurance, hedging and the ability to consolidate smaller purchases and sales into larger, more cost-efficient transactions.
The company has more than 60 global locations and can process and ship more than 4 million tons of ferrous and non ferrous scrap annually.
Benefits include health insurance, prescription drug coverage and dental insurance. The company also offers profit-sharing and a 401(k) with 50% match of the first 3% contributed by the employee. The actual company match percentage may vary each year and is determined by the company's Board of Directors. Tuition reimbursement for related courses also provided.
Updated October 20, 2012