History of CMC- Commercial Metals Company.

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History of the Commercial Metals Company


In 2022, we estimate that CMC produced ~6.5 million tonnes (mt) of liquid steel. Of this prouction, ~75% was in North America and ~25% was in Europe (Poland).

The timeline below covers the history of the firm.

  • 1915: American Iron & Metal founded 1915 as a family scrap metal facility in Dallas.
  • 1932: Adopts present name – Commercial Metals Company.
  • 1949: Purchases assets of Southern Iron & Metal in Beaumont, Texas – starts rebar production.
  • 1951: Opens recycling plant in San Antonio, Texas.
  • 1953: Acquires Charles Harley, a Californian scrap metals processor.
  • 1957: Buys Liberty Iron and Metal Co in Dallas.
  • 1963: Acquires 73% equity stake in Seguin-based EAF steelmaker Structural Metals in Texas.
  • 1970: Named a Fortune 500 company.
  • 1983: Acquires the Connors mini-mill in Birmingham, Alabama.
  • 1994: Purchases Owen Steel structural steel fabrication business in South Carolina for $50 m.
  • 1995: Acquires three more Texas -based scrap processing businesses.
  • 2000: Acquires Fontana Steel’s rebar processing operations on California.
  • 2003: Acquires Zawiercie EAF melt shop and rebar plant in Poland.
  • 2009: Invests in ~250 kt / year Danieli micro-mill in Mesa, Arizona.
  • 2017: Barbara R Smith appointed as Chief Executive Officer.
  • 2018: Invests in ~320 kt / year MIDA in Durant, Oklahoma.
  • 2020: Purchases Galvabar, a manufacturer of galvanised rebar in Catoosa, Oklahoma.
  • 2022: Acquires another ferrous scrap collection firm - Advanced Steel Recovery LLC, in California.
  • 2023: Invests in another Danieli micro mill with 500kt / year capacity in Mesa Arizona.
  • 2023: Barbara Smith retires. Peter Matt appointed as new CEO in planned succession.

Notes
  • 1995: These acquisitions comprised Atlas Iro and Metal, Federal Iron and Metal and Laredo Scrap Metals.
  • 2000: Purchases included the rebar fabrication operations at Rancho Cucamonga and at San Marcos.
  • 2009: Danieli micro mill (also known as a MIDA mill) involves endless casting and rolling and does away with billet reheating. The technology thus offers significant yield, energy cost and productivity benefits compared to traditional rebar production methods.
  • 2023: Peter Matt became President and CEO of CMC. He was appointed President in April 2023 and Chief Executive Officer in September 2023, taking over from Barbara Smith on her retirement.


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