Commercial Metals Company
New York Stock ExchangeRecent
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- Commercial Metals Company (NYSE: CMC), founded in 1915 and headquartered in Irving, Texas, manufactures, recycles, and distributes steel and metal products as a global leader in sustainable steel production for construction, infrastructure, and industrial applications. The company operates through vertically integrated segments that include steel manufacturing via electric arc furnace mini-mills producing rebar, merchant bars, wire rod, structural shapes, and specialty steel products; metal recycling services processing ferrous and nonferrous scrap metals; fabrication services offering custom cutting, bending, welding, and coating of steel; and downstream construction products such as post-tensioning systems, epoxy-coated rebar, concrete accessories, tilt-up braces, epoxies, grouts, expansion joints, formwork hardware, and Tensar foundation systems. CMC maintains an extensive network of over 210 facilities across the United States, Poland, the United Kingdom, Central Europe, and Asia, serving markets in construction, transportation, energy, and manufacturing with a focus on 100% recycled scrap inputs and innovative processes like micro mills and net-zero steel. Recent strategic expansions include the October 2025 agreement to acquire Foley Products Company for nearly $2 billion to build a leading U.S. precast concrete platform in the Mid-Atlantic and Southeast, complemented by the December 1, 2025 completion of the $675 million acquisition of Concrete Pipe & Precast, LLC, which together enable 35 facilities across 14 states, higher margins, and $25-30 million in annual synergies; earlier moves encompass the April 2022 acquisition of Tensar for $550 million and various 2023 purchases like Roane Metals Group and EDSCO Fasteners.
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