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The story of Commercial Metals Company is an epic journey that spans more than a century. It’s an extraordinary tale of scrap yards and steel mills, hardworking employees and visionary leaders, steady progress and dramatic breakthroughs. Most of all, it’s a shining example of how remaining true to a core set of abiding principles — providing superior customer service, acting with integrity, dedicating ourselves to safety, delivering outstanding shareholder value, and serving the communities in which we operate, among others — can provide the foundation for remarkable success. From a single scrap yard in Dallas, Texas, CMC has grown into a Fortune 500 company with hundreds of facilities and more than 10,000 employees serving our valued customers around the world.

Timeline

  • 1915

    From humble beginnings

    Moses Feldman establishes his first scrap operation in Dallas.

  • 1926

    Shipping far and wide

    Moses Feldman’s eldest son David is sent to oversee a rail salvage job in Florida, leading to CMC’s first international shipment of scrap metal out of the Port of Miami.

  • 1932

    What’s in a name

    The name Commercial Metals Company is used for the first time. The company is formed by Jacob Feldman as a scrap trading brokerage, capitalized at $100,000, with Jake owning 98%. His co-director is his high school friend Tom Kleinman who will handle the company’s finances for decades. It is a two-man brokerage, with Jake and Lou Broad as traders.

  • 1932

    Passing the torch

    Moses Feldman signs control of American Iron & Metals over to his son Jacob.

  • 1936

    Change is a good thing

    CMC incorporation papers are amended. American Iron & Metals lists $51,000 of materials in its inventory.

  • 1940

    First acquisition

    CMC acquires Hutchison Pipe & Waste Material Co. in Fort Worth.

  • 1947

    From cornfield to steel mill

    Marvin Selig buys a cornfield in Seguin, Texas, for $300, and officially establishes Structural Metals, Incorporated (SMI). The SMI mill will become the first Commercial Metals Company mill in 1963.

  • 1949

    Iron clad assets

    CMC purchases assets of Southern Iron & Metal in Beaumont, Texas.

  • 1949

    FOR SALE: Reinforcing bar

    First rebar for commercial sale is produced at SMI. In its first year the company is profitable and produces 2,300 tons of rebar. Customers include fabricators, supply companies, contractors and the Texas Highway Department.

  • 1951

    Reduce reuse recycle

    CMC opens a recycling plant in San Antonio to serve Mexican accounts.

  • 1957

    Another notch on the belt

    CMC acquires Liberty Iron and Metal Co. in Dallas.

  • 1959

    Innovation never sleeps

    SMI prepares to be a steel manufacturer, experimenting with ways to melt scrap steel in an electric arc furnace to cast ingots.

  • 1960

    A wise investment

    CMC goes public, becoming the first secondary metals company listed on a major exchange, the American Stock Exchange.

  • 1962

    It’s all about the rebar

    SMI opens Dallas Rebar, a new rebar supply and fab operation.

  • 1970

    Check the list, the name is “CMC”

    CMC is named a Fortune 500 company for the first time.

  • 1970

    Climbing the steel ladder

    Serving in several roles starting with the company back in 1937, Charlie Merritt becomes President.

  • 1978

    Swing for the fences

    CMC purchases Price Steel, a fence-post finishing business in Houston, and renames it Southern Post Company.

  • 1979

    Another strong leader

    Stanley Rabin, age 40, is appointed CMC president and chief executive officer.

  • 1982

    It’s electric!

    CMC’s minimill in Seguin, Texas, completes its transformation from a regional operation to a world-class steel mill due to the impact from a new electric arc furnace and caster.

  • 1982

    Take stock in our strength

    CMC begins trading on the NYSE with the ticker symbol, ‘CMC’.

  • 1983

    A new addition

    CMC acquires Connors Steel, in Birmingham, AL.

  • 1986

    Riding high

    CMC reported a 33% increase in cash flow compared to the prior year, as well as record earnings and shipments at the SMI, Seguin minimill.

  • 1987

    Good fences make good neighbors

    CMC begins production at its Arkansas mill, focused on manufacturing and fabricating steel fence posts.

  • 1989

    On a roll

    SMI installs a new state-of-the-art rolling mill in Seguin.

  • 1993

    A concrete move

    CMC acquires Shepler’s Equipment Co. and Construction Materials Inc., expanding its concrete-related products operations in central Texas, Louisiana and Mississippi.

  • 1994

    Growth by acquisition

    CMC acquires Owen Steel in Cayce, South Carolina.

  • 1999

    Steel from all angles

    CMC’s Arkansas mill adds a new product line: angles used to make bed frames.

  • 2000

    Go west, young man

    CMC acquires several rebar fab shops on the West Coast, expanding services to include rebar placing.

  • 2003

    Moving the mothership

    CMC relocates its corporate headquarters to Irving, Texas.

  • 2003

    Beyond borders

    CMC makes its first international manufacturing acquisition with the purchase of a steel mill in Zawiercie, Poland.

  • 2006

    Passing the baton

    Murray McClean succeeds Stan Rabin as CEO of CMC.

  • 2009

    The smaller the better

    CMC commissions its first “greenfield” steel mill in Mesa, Arizona. CMC Steel Arizona is the first successfully operating, highly efficient micromill in the world.

  • 2010

    Let it roll

    A new flexible rolling mill comes online at CMC Poland, increasing capacity to 1.9 million tons and making it the 2nd largest steel mill in Poland.

  • 2011

    Solid steel experience

    Joe Alvarado becomes CEO of CMC.

  • 2012

    Just another touch

    The myCMC portal launches allowing customers and suppliers to connect with CMC.

  • 2013

    Let’s shred some metal

    CMC installs a new nonferrous metals recovery system to more efficiently extract copper, aluminum and stainless steel from automobile shredding operations in Seguin, Texas.

  • 2015

    From strong history to promising future

    Commercial Metals Company celebrates 100 years.

  • 2016

    Aloha opportunity

    CMC acquires Associated Steel Workers, Limited (ASW), expanding its rebar fabrication capabilities into the state of Hawaii.

  • 2016

    Stretch beyond

    CMC acquires Concrete Structures, Inc. expanding its post-tension cable operations into the Southeast.

  • 2017

    Wrap it up

    CMC announces it will be the first steel producer in the United States to manufacture spooled rebar.

  • 2017

    Dump it, crush it, melt it, form it

    CMC expands its recycling division in the Southeast, purchasing seven facilities that are strategically located to support CMC Steel South Carolina in Cayce, SC.

  • 2017

    You can’t spell succession without “success”

    Barbara Smith, who started with CMC in 2011 as SVP & CFO, is appointed CMC president and chief executive officer on September 1, 2017.

  • 2017

    Stronger together

    CMC acquires MMFX Technologies Corporation, expanding CMC’s range of steel performance products to include ChromX, a line of high strength, corrosion-resistant rebar.

  • 2018

    We built this city

    CMC Steel Oklahoma is officially dedicated to manufacturing the steel that builds America.

  • 2018

    What’s colder than cold

    CMC expands its product portfolio with CryoSTEEL, a cryogenic rebar primarily used in the construction of LNG facilities. CMC is the first and only producer in the United States.

  • 2018

    The friendly giant

    CMC makes its largest acquisition in history, almost doubling its mill and fabrication capacity with 4 new EAF mini mills and 34 new fabrication facilities.

  • 2019

    Rollin’ rollin’ rollin’

    CMCs’ second rebar spooler comes online at its micro mill in Mesa, Arizona, extending spooled rebar availability to the West Coast.

  • 2020

    The genius never stops

    CMC adds all-thread bar to its product range.

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