21
Jun
16:22
CMC acquisition of rebar, fabrication facilities pays off
Seven months after Commercial Metals Company’s (CMC) 2018 acquisition of four rebar mills and 33 fabrication facilities in the US from Gerdau SA, the move is proving profitable, Kallanish learns. During a third-quarter earnings conference call, company president Barbara Smith elaborated on the benefits of the acquisition.
Smith says the new acquired facilities have increased CMC’s US mill capacity by 75%, expanded its geographic presence and exceeded…
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Anonymous
Very good overview of the weekly steel market.
Anonymous