Irving Texas headquartered Commercial Metals Company has acquired leading supplier of recycled ferrous metals Advanced Steel Recovery in Southern California. Advanced Steel Recovery’s primary operations include processing and brokering capabilities that efficiently source material for sale into both the domestic and export markets. Advanced Steel Recovery handles approximately 300,000 tons of scrap annually across its processing, industrial collection, and brokerage platforms.Advanced Steel Recovery invented FASTek, the world's first machine designed to fully automate the containerization of scrap metal. We have implemented FASTek globally, allowing scrap yards to achieve year-over-year growth in tonnage and profit.The acquisition of Advanced Steel Recovery is a key strategic step to support CMC's growth in the Western United States. Arizona 2 micro mill remains on-track to startup in early calendar 2023, and with the commencement of operations will need secure & cost effective supply of ferrous scrap. Advanced Steel Recovery 's capabilities will help ensure that both of CMC's world class mills in Arizona will have continued reliable access to vital raw materials."Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products and provide related materials and services through a network of facilities that includes seven electric arc furnace mini mills, two EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland. Through its Tensar division, CMC is a leading global provider of innovative ground and soil stabilization solutions selling into more than 80 national markets through its two major product lines: Tensar geogrids and Geopier foundation systems.
Irving Texas headquartered Commercial Metals Company has acquired leading supplier of recycled ferrous metals Advanced Steel Recovery in Southern California. Advanced Steel Recovery’s primary operations include processing and brokering capabilities that efficiently source material for sale into both the domestic and export markets. Advanced Steel Recovery handles approximately 300,000 tons of scrap annually across its processing, industrial collection, and brokerage platforms.Advanced Steel Recovery invented FASTek, the world's first machine designed to fully automate the containerization of scrap metal. We have implemented FASTek globally, allowing scrap yards to achieve year-over-year growth in tonnage and profit.The acquisition of Advanced Steel Recovery is a key strategic step to support CMC's growth in the Western United States. Arizona 2 micro mill remains on-track to startup in early calendar 2023, and with the commencement of operations will need secure & cost effective supply of ferrous scrap. Advanced Steel Recovery 's capabilities will help ensure that both of CMC's world class mills in Arizona will have continued reliable access to vital raw materials."Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products and provide related materials and services through a network of facilities that includes seven electric arc furnace mini mills, two EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland. Through its Tensar division, CMC is a leading global provider of innovative ground and soil stabilization solutions selling into more than 80 national markets through its two major product lines: Tensar geogrids and Geopier foundation systems.
