Commercial Metals Co.’s Board of Directors raised the company’s quarterly cash dividend from eight to ten cents per share, an increase of 25%.

CMC Chairman, President and CEO Stanley A. Rabin said, "The cash dividend increase is a further realization of our commitment to enhance shareholder value, and reflects our current strong earnings and cash flow, excellent financial condition and confidence in our long-term business prospects."

The dividend, which will be paid on July 16, 2004 to shareholders of record July 2, 2004, is the 159th consecutive quarterly cash dividend paid by Commercial Metals Co.

Commercial Metals Co. and subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including steel minimills, steel fabrication and processing plants, construction-related product warehouses, a copper tube mill, metal recycling facilities and marketing and distribution offices in the United States and in strategic overseas markets.