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CMC to Build Micro Mill in Eastern U.S.

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Commercial Metals Company, Irving, Texas, will build a new micro mill in the Eastern United States. The mill will be constructed to serve the Northeast, Mid-Atlantic and Midwestern markets.

CMC believes the location and capabilities of the planned facility will significantly augment CMC's scale in the Eastern U.S. and complement its existing operational footprint.
CMC is currently in the site selection process and exploring several suitable options.

The new micro mill will be among the most environmentally friendly steelmaking operations in the world, the company claims. The technology to be employed is lower
in both energy consumption and greenhouse gas emissions compared to traditional steelmaking processes.

"This is an exciting new investment for CMC and our customers. The new micro mill will fortify our position in the large construction markets within the region and optimize CMC's existing Eastern U.S. operational footprint through enhanced production flexibility, improved service capabilities, and logistical efficiencies,” said Barbara R. Smith, president, CEO and chairman of the company. "The recent enactment of the Infrastructure Investment and Jobs Act should provide an additional tailwind to what was already an attractive expected return on investment for the project. We anticipate the legislation will stimulate substantial incremental demand for construction steel, particularly in the targeted geographies where core infrastructure is among the oldest in the U.S."

Following receipt of state and local incentives, permitting, and other necessary approvals, the construction of the planned mill is expected to take roughly two years.


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