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September 03, 2015 11:21 AM ET

Metals and Mining

Company Overview of Commercial Metals Company

Company Overview

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through five segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. The Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products through 29 scrap metal processing facilities to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacture...

6565 North MacArthur Boulevard

Suite 800

Irving, TX 75039

United States

Founded in 1915

9,293 Employees

Phone:

214-689-4300

Fax:

214-689-5886

Key Executives for Commercial Metals Company

Chairman, Chief Executive Officer and President
Age: 63
Total Annual Compensation: $926.5K
Chief Financial Officer and Senior Vice President
Age: 56
Total Annual Compensation: $538.7K
Senior Vice President and President of CMC Americas Division
Age: 58
Total Annual Compensation: $615.7K
Senior Vice President and President of CMC International Division
Age: 57
Total Annual Compensation: $550.0K
Chief Human Resources Officer and Vice President
Age: 48
Total Annual Compensation: $466.8K
Compensation as of Fiscal Year 2014.

Commercial Metals Company Key Developments

Commercial Metals Company Selects Durant, Oklahoma, for New Micro Mill

Commercial Metals Company and the State of Oklahoma announced that CMC has selected Durant, Oklahoma, as the location for construction of its second technologically advanced micro mill. This new investment in Oklahoma will mirror CMC's existing micro mill in Mesa, Arizona and will be built with improved technology developed from CMC's operating experience with the world's first micro mill, which CMC successfully commissioned in Mesa in 2009. The addition of a second micro mill to CMC's portfolio of highly efficient, customer focused and cost effective steel production facilities will enhance CMC's position as a leading supplier of long products in the U.S. market. The City of Durant, the Choctaw Nation of Oklahoma, the Durant Industrial Authority and the State of Oklahoma have enthusiastically welcomed the project and have worked together with CMC to locate the micro mill in Durant. The Oklahoma micro mill, utilizing Danieli technology and equipment, is expected to be commissioned in the fall of 2017 and to create approximately 300 jobs in the Durant area. The direct and indirect investment is expected to be in excess of approximately $250 million. CMC expects that its investment will be funded from internally generated capital.

CMC Reportedly Interested In ArcelorMittal Mills

ArcelorMittal (ENXTAM:MT) (ArcelorMittal SA) may sell some assets. The company could sell some US long product mills in order to narrow down its North American portfolio for such products, market sources told Metal Bulletin sister publication AMM. According to sources close to the matter, ArcelorMittal's Vinton mill in Texas and ArcelorMittal LaPlace in Louisiana might be up for sale and a potential deal for at least one of them may take place soon. Commercial Metals Company (NYSE:CMC) (CMC) is reported to be interested in purchasing assets. The news report mentioned that ArcelorMittal spokeswoman said that the company “does not comment on rumors or market speculation while CMC did not respond to a request for comment.

Commercial Metals Company Announces Dividend for the Third Quarter ended May 31, 2015, Payable on July 23, 2015

Commercial Metals Company announced the dividend for the third quarter ended May 31, 2015 of $0.12 per share for shareholders of record on July 9, 2015. The dividend will be paid on July 23, 2015.

Similar Private Companies By Industry

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Global Titanium, Inc. United States
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Minerals Mining Corp. (Delaware) United States

Recent Private Companies Transactions

Type
Date
Target
Buyback
October 28, 2014
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