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.
From humble beginnings
Moses Feldman establishes his first scrap operation in Dallas.
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.
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.
Passing the torch
Moses Feldman signs control of American Iron & Metals over to his son Jacob.
Change is a good thing
CMC incorporation papers are amended. American Iron & Metals lists $51,000 of materials in its inventory.
CMC acquires Hutchison Pipe & Waste Material Co. in Fort Worth.
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.
Iron clad assets
CMC purchases assets of Southern Iron & Metal in Beaumont, Texas.
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.
Reduce reuse recycle
CMC opens a recycling plant in San Antonio to serve Mexican accounts.
Another notch on the belt
CMC acquires Liberty Iron and Metal Co. in Dallas.
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.
A wise investment
CMC goes public, becoming the first secondary metals company listed on a major exchange, the American Stock Exchange.
It’s all about the rebar
SMI opens Dallas Rebar, a new rebar supply and fab operation.
Check the list, the name is “CMC”
CMC is named a Fortune 500 company for the first time.
Climbing the steel ladder
Serving in several roles starting with the company back in 1937, Charlie Merritt becomes President.
Swing for the fences
CMC purchases Price Steel, a fence-post finishing business in Houston, and renames it Southern Post Company.
Another strong leader
Stanley Rabin, age 40, is appointed CMC president and chief executive officer.
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.
Take stock in our strength
CMC begins trading on the NYSE with the ticker symbol, ‘CMC’.
A new addition
CMC acquires Connors Steel, in Birmingham, AL.
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.
Good fences make good neighbors
CMC begins production at its Arkansas mill, focused on manufacturing and fabricating steel fence posts.
On a roll
SMI installs a new state-of-the-art rolling mill in Seguin.
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.
Growth by acquisition
CMC acquires Owen Steel in Cayce, South Carolina.
Steel from all angles
CMC’s Arkansas mill adds a new product line: angles used to make bed frames.
Go west, young man
CMC acquires several rebar fab shops on the West Coast, expanding services to include rebar placing.
Moving the mothership
CMC relocates its corporate headquarters to Irving, Texas.
CMC makes its first international manufacturing acquisition with the purchase of a steel mill in Zawiercie, Poland.
Passing the baton
Murray McClean succeeds Stan Rabin as CEO of CMC.
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.
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.
Solid steel experience
Joe Alvarado becomes CEO of CMC.
Just another touch
The myCMC portal launches allowing customers and suppliers to connect with CMC.
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.
From strong history to promising future
Commercial Metals Company celebrates 100 years.
CMC acquires Associated Steel Workers, Limited (ASW), expanding its rebar fabrication capabilities into the state of Hawaii.
CMC acquires Concrete Structures, Inc. expanding its post-tension cable operations into the Southeast.
Wrap it up
CMC announces it will be the first steel producer in the United States to manufacture spooled rebar.
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.
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.
CMC acquires MMFX Technologies Corporation, expanding CMC’s range of steel performance products to include ChromX, a line of high strength, corrosion-resistant rebar.
We built this city
CMC Steel Oklahoma is officially dedicated to manufacturing the steel that builds America.
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.
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.
Rollin’ rollin’ rollin’
CMCs’ second rebar spooler comes online at its micro mill in Mesa, Arizona, extending spooled rebar availability to the West Coast.
CMC acquires GalvaBar, an innovative continuous hot-dip galvanizing operation that produces corrosion-resistant, galvanized rebar.