Commercial Metals Company is a

steel Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant ty ...

and metal manufacturer headquartered in

Irving, Texas Irving is a city in the U.S. state of Texas. Located in Dallas County, it is also an inner ring suburb of Dallas. The city of Irving is part of the Dallas–Fort Worth metroplex. According to a 2019 estimate from the United States Census Bureau, ...

. The company operates four divisions: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill, with locations in the U.S., Europe and Asia. In the United States, it owns 41 scrap metal recycling facilities with a total annual capacity of 4.9 million tons, six

electric arc furnace An electric arc furnace (EAF) is a furnace that heats material by means of an electric arc. Industrial arc furnaces range in size from small units of approximately one-tonne capacity (used in foundries for producing cast iron products) up to ab ...

mini mills and two

micro mills and two re-rolling mills with a total annual capacity of 5.4 million tons, and steel fabrication facilities with a total annual capacity of 2.4 million tons. In

Poland Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populous ...

, it owns 12 scrap metal recycling facilities with a total annual capacity of 0.6 million tons, five steel fabrication facilities with a total annual capacity of 0.3 million tons, and a mini mill in

Zawiercie Zawiercie is a city in the south of Poland located in the Silesian Voivodeship with 49,334 inhabitants (2019). It is situated in the Kraków-Częstochowa Upland near the source of the Warta River. The town lies near the historical region of Sile ...

with an annual capacity of 1.3 million tons. A sixth facility is planned to open in

West Virginia West Virginia is a state in the Appalachian, Mid-Atlantic and Southeastern regions of the United States.The Census Bureau and the Association of American Geographers classify West Virginia as part of the Southern United States while the Bur ...

in 2025.

History

In 1915, Russian immigrant Jacob Feldman founded American Iron & Metal Company, a scrap trading company. In 1994, it acquired Owen Steel Company in an $87 million transaction. In 2002, the company sold its heavy structural fabrication assets of SMI-Owen Steel, resulting in $20 million of proceeds. In June 2011, the company acquired G.A.M. Steel Pty. Ltd, based in

Melbourne, Australia Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a metropol ...

. In November 2011,

Carl Icahn Carl Celian Icahn (; born February 16, 1936) is an American financier. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in Sunny Isles Beach. Icahn takes l ...

offered to buy the company for $15 per share, which the company rejected the following month. By January 2012, Icahn withdrew the offer for lack of shareholder support. In October 2016, it acquired the steel fabrication business of Associated Steel Workers, Limited. In August 2017, the company sold its CMC Cometals Division for $179 million. In November 2018, the company acquired assets from

Gerdau Gerdau is the largest producer of long steel in the Americas, with steel mills in Brazil, Argentina, Canada, Colombia, Dominican Republic, Mexico, Peru, United States, Uruguay and Venezuela. Currently, Gerdau has an installed capacity of 26 mill ...

for $600 million. In 2022, Commercial Metals announced a new $450 million steel recycling plant to begin operating in

Martinsburg, West Virginia Martinsburg is a city in and the seat of Berkeley County, West Virginia, in the tip of the state's Eastern Panhandle region in the lower Shenandoah Valley. Its population was 18,835 in the 2021 census estimate, making it the largest city in the E ...

in 2025. The facility will manufacture construction

rebar Rebar (short for reinforcing bar), known when massed as reinforcing steel or reinforcement steel, is a steel bar used as a Tension (physics), tension device in reinforced concrete and reinforced masonry structures to strengthen and aid the concr ...

that will operate using

green technology Environmental technology (envirotech) or green technology (greentech), also known as ''clean technology'' (''cleantech''), is the application of one or more of environmental science, green chemistry, environmental monitoring and electronic device ...

."West Virginia announces $450M steel plant in Berkeley County"
''The Parkersburg News and Sentinel'', December 9, 2022.

References

External links

{{Authority control Companies listed on the New York Stock Exchange Manufacturing companies established in 1915 Steel companies of the United States Manufacturing companies based in Irving, Texas 1915 establishments in Texas

History

See also

References

External links