Commercial Metals Company manufactures, recycles and markets steel and metal products and related materials through a network of locations worldwide. Steel and steel-related products represent over 75% of CMC's business. CMC is an efficient, low cost, high quality, financially sound producer and is one of the few steel companies with investment grade public debt ratings. CMC has a high degree of vertical integration and is organized into five business segments:
Americas Recycling is one of the largest processors of nonferrous scrap metals and one of the largest regional processors of ferrous scrap metals in the U.S. CMC's domestic recycling plants processed and shipped 3.8 million tons of scrap metal during fiscal 2007, the preferred raw material for many metal producers and manufacturers.
Americas Mills is comprised of four steel minimills and a copper tube mill. Domestic steel mill capacity of 2.4 million tons includes reinforcing bars, angles, channels, beams, special bar quality rounds and flats, squares, light and mid-sized structurals, and special sections. The copper tube mill, with 80 million pounds of capacity, manufactures primarily copper water tube as well as air conditioning line sets and refrigeration tubing in straight lengths and coils for use in commercial, industrial and residential construction.
Americas Fabrication & Distribution is comprised of rebar and structural fabrication plants, joist and deck plants, a castellated and cellular beam fabricator, fence post manufacturing plants, heat treating plants, construction-related product warehouses and a domestic import/export steel division. Steel fabrication capacity exceeds 1.6 million tons.
International Mills segment is comprised of three mills located in Poland and Croatia. The Polish mills, located in Zawiercie, have a capacity of 1.4 million tons and are the second largest steel producers in Poland manufacturing primarily rebar, wire rod and merchants. The mill in Croatia has an annual capacity of 300,000 metric tons and produces seamless, welding and cold processed pipe.
International Fabrication & Distribution is a physical business which markets, distributes and processes primary and secondary metals, steel, ores, concentrates, industrial minerals, ferroalloys, chemicals and industrial products through a global network of marketing and distribution offices, processing facilities and other investments and joint ventures. This segment functions as a global marketing channel for metal producers and fabricators, providing technical information, financing, transportation and shipping (including chartering of vessels), just-in-time warehousing, processing, storage, insurance, hedging and the ability to consolidate smaller purchases and sales into larger, more cost-effective transactions.
