Commercial Metals Company

Steelmaker Completes Acquisition of Rebar Facilities

/ FEATURED NEWS, MANUFACTURING HEAT TREAT, MANUFACTURING HEAT TREAT NEWS

A steel and metal manufacturer based in Irving, Texas, which includes heat treating in the processes it provides recently announced the company has completed the acquisition of 33 rebar fabrication facilities as well as steel mills in the United States.

Barbara Smith, Chairman of the Board, President, and Chief Executive Officer of Commercial Metals

Commercial Metals Company acquired the plants from Gerdau S.A., a producer of long and specialty steel products in the Americas. The steel mills are located in Knoxville, Tennessee; Jacksonville, Florida; Sayreville, New Jersey; and Rancho Cucamonga, California.

“I am thrilled to welcome the approximately 3,200 employees of these operations to Commercial Metals Company,” said Barbara Smith, Chairman of the Board, President, and Chief Executive Officer of Commercial Metals. “The successful completion of the transaction represents an important step in our strategy to be the leading concrete reinforcing specialist as well as a significant provider of merchant and wire rod products.  With our expanded geographic footprint and added operational flexibility, this transaction supports our vertically integrated steelmaking model and will leverage our existing rebar manufacturing technology and customer service core competencies.”

Photo credit: BizJournals.com

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Metals Manufacturer Marks Growth with Second Micro Mill in Oklahoma

/ FEATURED NEWS, MANUFACTURING HEAT TREAT, MANUFACTURING HEAT TREAT NEWS

A steel and metals manufacturer based in Irving, Texas, which processes materials and services through a network of facilities that includes electric arc furnace (EAF) mini-mills and micro mills, recently dedicated a new micro mill in Durant, Oklahoma.

Barbara Smith, chairman, president, and CEO of CMC.

This is Commercial Metal Company’s second micro mill in Durant, supporting CMC’s processing and supply of steel and metals to a wide range of industries, including energy, construction, refractory, and transportation. The new technologically advanced facility will use a continuous manufacturing process which melts, casts, and rolls steel from a single uninterrupted strand, resulting in higher yields and lower energy consumption.

“We look forward to providing our customers with high-quality product combined with CMC’s outstanding service,” said Barbara Smith, chairman, president, and CEO of CMC.

 

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Texas Steelmaker Acquires Rebar and EAF Mills from Gerdau

/ FEATURED NEWS, MANUFACTURING HEAT TREAT, MANUFACTURING HEAT TREAT NEWS
Barbara Smith, president and CEO of Commercial Metals Co.

Four electric arc furnace (EAF) steel mills in Knoxville, Tennessee; Jacksonville, Florida; Sayreville, New Jersey; and Rancho Cucamonga, California, as well as 33 rebar fabrication facilities are among the assets included in an acquisition agreement between steelmaker Commercial Metals Co. (CMC), located in Irving, Texas, and Brazil-based steelmaker Gerdau S.A..

CMC operates heat treating and related facilities in Ohio, Pennsylvania, and Alabama, in addition to steel mills, fabrication facilities, and other operations throughout the world. The mills and facilities included in Gerdau’s divestment have annual rolling capacity of 2.5 million tons, increasing CMC’s global melt capacity to 7.2 million tons.

“This acquisition aligns with our strategy to focus on our strength in concrete reinforcing products and leverages CMC’s core competencies in rebar production and value-added fabrication services to non­residential construction customers,” said Barbara Smith, president and CEO of CMC. “In addition, these assets provide us the opportunity to optimize our product mix more fully in the U.S. As a leader in rebar manufacturing technology and customer service, we are excited to take advantage of our expertise to increase throughput, lower costs and improve the customer experience in our new operations.”

The deal, which is expected to close before the end of 2018, would leave Gerdau with three fabrication shops in the U.S..

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Commercial Metals Company Celebrates the Groundbreaking of New Micro Mill

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On April 29, 2016, Commercial Metals Company (NYSE: CMC), state, federal and local officials and their honored guests gathered for a groundbreaking ceremony marking the start of construction of CMC’s second technologically advanced micro mill which will be located in Durant, OK.

Joe Alvarado, Chairman of the Board, President and CEO of CMC, said, “This event marks another historic day for CMC, the State of Oklahoma, and the City of Durant.  We believe the addition of a second micro mill to CMC’s portfolio of highly efficient and customer focused production facilities will open new market opportunities and enhance CMC’s position as a leading supplier of long products in the U.S. market. Today would not have been possible without the support of the State of Oklahoma and the City of Durant and we look forward to many years of a very successful relationship.”

“This groundbreaking represents how local, state and tribal partnerships can bring together various entities to achieve great things for the State of Oklahoma,” said Governor Mary Fallin. “Not only will this mill produce high quality steel products that can be used by many Oklahoma industries, it will bring quality jobs to the Durant area, providing great opportunities for Oklahomans and further diversifying our economy.”

CMC’s innovative micro mill technology uses a continuous-continuous manufacturing process that melts, casts and rolls steel from a single uninterrupted strand, producing higher yields and lower energy consumption than the traditional minimill process.  The Oklahoma micro mill is expected to create approximately 300 jobs in the Durant area.

CMC expects the new Durant micro mill to be commissioned in the fall of 2017.

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