Moses Feldman establishes his first scrap operation in Dallas.
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.
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.
Moses Feldman signs control of American Iron & Metals over to his son Jacob.
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.
Marvin Selig buys a cornfield in Seguin,
Texas, for $300, and officially establishes Structural Metals, Incorporated (SMI). SMI will become part of CMC in 1963.
CMC purchases assets of Southern Iron & Metal in Beaumont, Texas.
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.
CMC opens a recycling plant in San Antonio to serve Mexican accounts.
Cometals, a new, independent trading division, is established in New York.
CMC acquires Liberty Iron and Metal Co. in Dallas.
SMI prepares to be a steel manufacturer, experimenting with ways to melt scrap steel in an electric arc furnace to cast ingots.
CMC goes public, becoming the first secondary metals company listed on a major exchange, the American Stock Exchange.
SMI opens Dallas Rebar, a new rebar supply and fab operation.
CMC enters the copper manufacturing market with the acquisition of Howell Metal, a copper tube manufacturer in New Market, Virginia.
CMC is named a Fortune 500 company for the first time.
Serving in several roles starting with the company back in 1937, Charlie Merritt becomes President.
SMI expands capacity with the addition of a three-strand continuous billet caster, its first piece of major equipment purchased new.
CMC purchases Price Steel, a fence-post finishing business in Houston, and renames it Southern Post Company.
Stanley Rabin, age 40, is appointed CMC president and chief executive officer.
SMI installs a new electric arc furnace to further boost capacity.
CMC’s flagship SMI minimill in Seguin, Texas, completed its transformation from a regional operation to a world-class steel mill due to the impact from a new electric arc furnace and caster.
CMC begins trading on the NYSE with the ticker symbol, ‘CMC’.
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.
CMC re-opens its Arkansas mill, focused on manufacturing and fabricating steel fence posts.
SMI installs a new state-of-the-art rolling mill in Seguin.
CMC acquires a steel joist-making facility, renamed SMI Joist, in Hope, Arkansas.
CMC acquires Shepler’s Equipment Co. and Construction Materials Inc., expanding its concrete-related products operations in central Texas, Louisiana and Mississippi.
CMC enters the service center and warehousing business, taking a 22% holding in Coil Steel Australia, CMC’s first international investment in physical assets.
CMC’s Arkansas mill adds a new product line: angles used to make bed frames.
CMC acquires several rebar fab shops on the West Coast, expanding services to include rebar placing.
CMC’s Texas mill gets a next-generation furnace.
CMC relocates its corporate headquarters to Irving, Texas.
CMC announces the building of its first “greenfield” steel mill in Mesa, Arizona.
Murray McClean succeeds Stan Rabin as CEO of CMC.
CMC acquires a steel pipe mill in Croatia, renaming it CMC Sisak.
A new flexible rolling mill comes online at CMCZ, increasing capacity to 1.9 million tons and making CMCZ the 2nd largest steel mill in Poland.
Joe Alvarado becomes CEO of CMC.
The myCMC portal launches allowing customers and suppliers to connect with CMC.
CMC installs a new nonferrous metals recovery system to more efficiently extract copper, aluminum and stainless steel from automobile shredding operations in Seguin, Texas.
CMC Poland replaces the original electric arc furnace with a new EAF, which allows the transition from two furnaces to a one furnace operation.
Commercial Metals Company celebrates 100 years.
CMC announces the building of its second technologically advanced EAF micro mill in Durant, Oklahoma.
Groundbreaking is held for CMC Steel Oklahoma, marking the start of construction of the EAF micro mill, which is expected to be commissioned in the fall of 2017.
Barbara Smith, who started with CMC in 2011 as SVP & CFO, is appointed CMC president and chief executive officer on September 1, 2017.