Commercial Metals Company

Commercial Metals Company (CMC) is a company that produces rebar and related construction materials headquartered in Irving, Texas. 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]

Commercial Metals Company

Logo used since 2023
Company type	Public company
Traded as	NYSE: CMC S&P 400 component
Industry	Metals Steel
Founded	1915; 110 years ago (1915)
Headquarters	Irving, Texas, United States
Key people	Barbara R. Smith, Chairman Peter R. Matt, President & CEO Paul J. Lawrence, CFO Tracy L. Porter, COO
Products	Steel
Revenue	$8.799 billion (FY 2023)
Net income	$859 million (FY 2023)
Total assets	$6.639 billion (FY 2023)
Total equity	$4.120 billion (FY 2023)
Number of employees	13,022 (2023)
Website	www.cmc.com
Footnotes / references [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]

Acquisitions and divestitures

Date	Acquisition / Divestiture	Company	Price	Ref(s).
September 1994	Acquisition	Owen Steel Company	$87 million	[3]
March 2007	Acquisition	Assets of Nicholas J. Bouras Inc.	$63 million	[4]
April 2012	Divestiture	Heavy fabrication plant of SMI-Owen Steel	$20 million	[5]
June 2011	Acquisition	G.A.M. Steel Pty. Ltd of Australia	Undisclosed	[6]
October 2013	Divestiture	Howell Metal Company	$58.5 million	[7]
October 2016	Acquisition	Steel fabrication business of Associated Steel Workers, Limited (steel fabrication facility in Kapolei, Hawaii)	Undisclosed	[8]
August 2017	Divestiture	CMC Cometals Division	$179 million	[9]
November 2018	Acquisition	33 rebar manufacturing facilities and 4 EAF mini mills from Gerdau	$600 million	[10][11]
January 2022	Divestiture	95-acre land parcel in Rancho Cucamonga, California; former site of steel mill acquired from Gerdau	$313 million	[12][13]
April 2022	Acquisition	Tensar	$550 million	[14]
September 2022	Acquisition	Advanced Steel Recovery	Undisclosed	[15]
November 2022	Acquisition	Galveston area metals recycling facility	Undisclosed	[16]
March 2023	Acquisition	Roane Metals Group LLC	Undisclosed	[17]
July 2023	Acquisition	EDSCO Fasteners LLC	Undisclosed	[18]

See also

• List of steel producers
• History of the Commercial Metals Company