Cmc | To Buy Gerdau

: These assets added roughly 2.5 million tons of annual mill rolling capacity to CMC’s portfolio. Market Analysis & Strategic Impact

: The move was part of a strategy to become a premier provider of concrete reinforcing products and to optimize its geographic footprint. Analysts noted it strengthened CMC's ability to compete with Nucor and manage risks from imports. cmc to buy gerdau

: Located in Jacksonville (FL), Knoxville (TN), Sayreville (NJ), and Rancho Cucamonga (CA). : These assets added roughly 2

: For the Brazilian-based Gerdau, selling these units was an "important milestone" in reducing financial leverage and shifting focus toward higher-return opportunities within its global operations. : Located in Jacksonville (FL), Knoxville (TN), Sayreville

Commercial Metals Company () completed its acquisition of significant U.S. rebar assets from Gerdau S.A. in November 2018 for approximately $600 million in cash.