IRVING, Texas, Nov. 29, 2017 /PRNewswire/ -- Commercial
Metals Company (NYSE: CMC) today announced that the company will
invest in a second spooler to produce hot-rolled, spooled rebar at
its micro mill in Mesa,
Arizona. This investment is in addition to the
January 2017 announcement of the
first spooler in the United
States, which will be located at the company's new micro
mill in Durant, Oklahoma. The
company expects to begin shipping spooled rebar from the
Oklahoma mill in the spring of
2018 and from the Arizona mill
about one year later.
"We are excited to expand our production capabilities of spooled
rebar in the United States. The
ability to produce and sell spooled rebar from both Oklahoma and Arizona will allow us to reach a broader
geographic market. The micro mill technology lends itself well to
spooled rebar production and allows us to offer spools from 1.5 to
4.8 tons. CMC remains committed to supporting and servicing the
concrete reinforcing industry with new and innovative products,"
commented Tracy Porter, Executive
Vice President, CMC Operations.
About Commercial Metals Company
Commercial Metals Company and its subsidiaries manufacture,
recycle and market steel and metal products, related materials and
services through a network including four electric arc furnace
("EAF") mini mills, an EAF Micro mill, a rerolling mill, steel
fabrication and processing plants, construction-related product
warehouses, metal recycling facilities and marketing and
distribution offices in the United States and in
strategic international markets.
Forward-Looking Statements
This news release contains forward-looking statements regarding
the Company's expectations relating to U.S. construction activity
and the Company's operating plans. These forward-looking
statements generally can be identified by phrases such as we, CMC
or its management "expects," "anticipates," "believes,"
"estimates," "intends," "plans to," "ought," "could," "will,"
"should," "likely," "appears" or other similar words or phrases.
There are inherent risks and uncertainties in any forward-looking
statements. Although we believe that our expectations are
reasonable, we can give no assurance that these expectations will
prove to have been correct, and actual results may vary
materially. Except as required by law, the Company undertakes
no obligation to update, amend or clarify any forward-looking
statements to reflect changed assumptions, the occurrence of
anticipated or unanticipated events, new information or
circumstances or otherwise.
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SOURCE Commercial Metals Company