Commercial Metals Company

Is Commercial Metals publicly traded?
Yes. Commercial Metals trades on the New York Stock Exchange under ticker CMC. It is headquartered in Irving, Texas and has been a public company since 1960.

What does Commercial Metals make?
The company recycles scrap metal and manufactures rebar, merchant bar, wire rod, and structural steel at mini mills and micro mills in the US and Poland, plus fabricated rebar assemblies, Tensar geogrids, Geopier foundations, and construction products.

Who is the CEO of Commercial Metals?
Peter Matt has served as President and CEO since 2023. He previously led the company's steel group and has directed the Transform, Advance, and Grow operational excellence program.

What was CMC's fiscal 2025 revenue?
Net sales for the fiscal year ended August 31, 2025 were $7.8 billion, down 1.6 percent from the prior year. Net earnings were $84.7 million.

What is Tensar?
Tensar is CMC's geogrid and ground stabilization business within its Emerging Businesses Group. It makes polymer grid products that reinforce soil in roadways and construction, and it posted record results in fiscal 2025.

Moses Feldman founded the business in Dallas in 1915 as American Iron and Metal, a scrap yard. The company acquired its first steel mill, a small rebar operation in Fort Worth called Structural Metals, in 1963 and took the name Commercial Metals Company. It went public in 1960 and listed on the New York Stock Exchange under CMC.

The company grew through the second half of the century into a vertically integrated producer. Its SMI Steel subsidiary expanded across the Southeast through the 1980s and 1990s, and international expansion took it into Europe, Australia, and Asia. In 2003, CMC acquired a steel mill in Poland, establishing what is now the Europe Steel Group. A decade later it acquired a second Polish mill.

A pivotal move came in 2018, when CMC acquired substantially all of Gerdau's US rebar assets, adding dozens of fabrication shops and several mills that made it one of the two dominant rebar producers in the country alongside Nucor. The company consolidated its headquarters in Irving, Texas in 2017.

Under CEO Peter Matt, who took over in 2023 after leading the company's steel group, CMC launched its Transform, Advance, and Grow program, an operational excellence initiative that exceeded its fiscal 2025 targets. The company commissioned its Arizona 2 micro mill, which generated positive adjusted EBITDA by the fourth quarter of fiscal 2025, and announced the pending acquisitions of Foley Products and Concrete Pipe and Precast, establishing a precast concrete growth platform inside its Emerging Businesses Group.

Steel recycling is the company's core environmental claim. Electric arc furnace production uses scrap as its primary feedstock and produces significantly lower emissions per ton than blast furnace steelmaking. CMC recycles millions of tons of scrap metal annually across its yard network.

The company publishes sustainability reporting covering emissions, energy, water, and safety. It has set goals around renewable electricity use at its mills, and its micro mills are among the most energy-efficient steelmaking facilities in operation. Steel production remains an energy-intensive business, and emissions reduction is a gradual engineering project rather than a solved problem.

Commercial Metals is a Fortune 500 company and a frequent subject of steel industry recognition for its mini mill technology and circular manufacturing model. The Arizona 2 micro mill drew coverage across metals trade publications as one of the most advanced plants commissioned in the US in recent years, and the company's safety programs are regularly cited in industry benchmarking. Tensar products hold DOT and engineering approvals across most US states, the specification-level recognition that matters for an engineered construction product.

CMC operates in one of the most trade-sensitive sectors of the US economy. Section 232 steel tariffs, anti-dumping cases on rebar and wire rod imports, and periodic disputes over foreign steel capacity all shape its competitive environment, generally in its favor as a domestic producer. The company has faced no major public controversies, enforcement actions, or litigation material to its results in recent years. Its heavy industrial operations carry standard environmental permitting obligations under air and water quality rules at each mill location.