Commercial Metals Co.
Commercial Metals Company (CMC) is a global, low-cost metals recycling, manufacturing, fabricating, and trading enterprise. Originating in 1915 with a single recycling location, it has progressively moved into higher value downstream segments of the steel value chain and is now a vertically integrated company. With corporate headquarters in Irving, Texas, today it operates in four primary business segments at over 200 locations and in more than 20 countries.
Latest News
Commercial Metals' Second-Quarter Sales Drop, But Profits Increase
28 March 2016 - U.S. recycler and long products producer Commercial Metals Co. saw its second-quarter profits increase despite a decline in sales, the company reported.
Commercial Metals Names New Chief Operating, Financial Officers
19 January 2016 - U.S.-based Commercial Metals Company (CMC) has promoted its chief financial officer as its new chief operating officer, the company has announced.
Danieli To Equip CMC Micro Mill
29 July 2015 - Commercial Metals Co.'s proposed Oklahoma micro mill is to be outfitted with Danieli endless casting and rolling technology, Danieli has announced.
Commercial Metals Company Selects Home For New Micro Mill
29 July 2015 - Commercial Metals Company (NYSE: CMC) has announced that it will build its second technologically advanced micro mill in Durant, Okla.
Commercial Metals Company Reports Q3 Earnings
08 July 2015 - Commercial Metals Company announced financial results for its third quarter ended May 31, 2015.
CMC Says Imports, Strong Dollar, Excess Global Supply are Top Challenges
26 March 2015 - Commercial Metals Company (CMC) announced financial results for its second quarter ended 28 February 2015.
Steel Industry Leaders to Testify Before U.S. Congress on Unfair Imports Crisis
25 March 2015 - The United Steelworkers Union (USW) will be joining steel company CEOs, and steel industry representatives on Capitol Hill, Thursday, 26 March 2015, 8:30am–10:00pm to testify at a Congressional Steel Caucus hearing on the "State of American Steel."
CMC Reports Strong Results
06 January 2015 - Commercial Metals Co. (CMC) announced financial results for its first quarter ended 30 November 2014.
CMC to Relocate, Expand Virginia Operations
03 December 2014 - Virginia Governor Terry McAuliffe announced that Commercial Metals Company will invest US$12 million to relocate and expand its manufacturing operation in King George County, Va.
CMC Reports Quarterly Earnings, Sees Continued Market Growth
31 October 2014 - As it reported its earnings for the quarter ended 31 August 2014, Commercial Metals Co. said that, while macroeconomic and geopolitical concerns remain, all indications suggest continued market growth in fiscal 2015.
Commercial Metals Company Announces Entrance Into Fourth Amended and Restated Credit Agreement
27 June 2014 - Commercial Metals Company (NYSE: CMC) today announced financial results for its third quarter ended May 31, 2014. Net earnings attributable to CMC for the third quarter were $23.6 million, or $0.20 per diluted share, on net sales of $1.8 billion.
CMC Closes Agreement for Purchase and Sale of Assets with Newell Recycling
19 June 2014 - Commercial Metals Company (NYSE: CMC) announced today that on June 13, 2014, Commercial Metals Company, through its wholly-owned subsidiary, Structural Metals, Inc. (collectively, "CMC"), completed the transaction for the purchase of substantially all of the assets of Newell Recycling of San Antonio, LP ("Newell Recycling") located at 726 Probandt Street San Antonio, Texas, pursuant to a definitive Agreement for the Purchase and Sale of Assets by and among CMC, Newell Recycling and John R. Newell.
CMC Provides Economic Outlook as It Reports Quarterly Earnings
31 March 2014 - Commercial Metals Company announced financial results for its second quarter ended 28 February 2014.
Commercial Metals Co. Settles Antitrust Class Action Lawsuit
17 March 2014 - Commercial Metals Co. announced that it has reached final settlement in the Standard Iron Works v. ArcelorMittal et al. lawsuit in the amount of approximately US$4 million, which the company estimates is less than the anticipated cost to the company of continuing to defend the lawsuit.
SMA Names New Leadership on Board of Directors
27 January 2014 - The Steel Manufacturers Association (SMA) Board of Directors announced that Richard Teets, Jr., executive vice president for steelmaking and president and COO of steel operations for Steel Dynamics, Inc., has been named chairman of the SMA Board of Directors for 2014–2015.
CMC Reports Results, Provides Outlook for Current Quarter
07 January 2014 - Commercial Metals Co. announced financial results for its first quarter ended 30 November 2013 and provided an outlook for the seasonally-slower current quarter.
Commercial Metals Co. Reports Eighth Consecutive Quarter of Positive Earnings
24 October 2013 - Commercial Metals Company announced financial results for its fourth quarter and year ended 31 August 2013.
CMC Completes Sale of Howell Metal Co.
21 October 2013 - Commercial Metals Company has completed the sale of 100% of the stock of its wholly-owned subsidiary, Howell Metal Company, to Mueller Copper Tube Products, Inc., a subsidiary of Mueller Industries, Inc., for a purchase price of approximately US$58.5 million, subject to customary purchase price adjustments.
CMC Reports Third Quarter Earnings
27 June 2013 - Commercial Metals Co. said it experienced improvements over the second quarter of fiscal 2013 in all of its business segments except its Americas Mills segment.
Commercial Metals Co. Reports Second Quarter Earnings, Provides Outlook
28 March 2013 - As it announced its financial results for its second quarter ended 28 February 2013, Commercial Metals Company said the 54.9 reading in the Architecture Billings Index (ABI) in February — the highest reading in over five and half years — will eventually translate into increased domand for its domestic operations, whil continued weakness in most global markets will negatively burden its international segments.
