Commercial Metals Company (CMC)

Commercial Metals Company engages in recycling, manufacturing, fabricating, and distributing steel and metal products, as well as providing related materials and services in the United States and internationally. It involves in recycling operations through metal processing plants located in Alabama, Arkansas, Florida, Georgia, Kansas, Louisiana, Missouri, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas. The company also operates five steel minimills in Texas, Alabama, South Carolina, Arkansas, and Arizona that produce reinforcing bars, angles, flats, rounds, small beams, fence-post sections, and other shapes; a copper tube minimill; and a scrap metal shredder processing facility, as well as purchases and removes rail and other materials from abandoned railroads. In addition, Commercial Metals Company engages in fabrication operations through steel fabrication and processing plants that bend, weld, cut, fabricate, distribute, and place steel; warehouses that sell or rent products for the installation of concrete; plants that produce special sections for floors and support for ceilings and floors plants, which produce steel fence posts; and plants that treat steel with heat. Additionally, the company purchases semi-finished long and flat steel products from international and domestic sources, and markets and distributes these products in the Americas. Further, it operates rolling mills that produce reinforcing bars, merchant products, and wire rods; and scrap processing facilities that directly support its minimill in Poland and Croatia, as well as manufactures electric arc furnace based steel pipes. The company also markets and distributes steel, copper, and aluminum coils; sheet and tubing; ores; metal concentrates; industrial minerals; ferroalloys; and chemicals. Its customers include steel, nonferrous metals, metal fabrication, chemical, refractory, and transportation businesses. The company was founded in 1915 and is based in Irving, Texas.

For the three months ended 30 November 2006, Commercial Metals Company's revenues rose 21% to $1.99B. Net income increased 23% to $85.4M. Revenues reflect improved performance in domestic mills, fabrication and recycling segments. Net income also reflects an increase in operating profit in the copper tube mill due to the higher copper prices, an increase in shipments from fabrication plants of domestic fabrication.