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Stock impact report

Commercial Metals Company Receives Air Quality Permit For Third Micro Mill

Commercial Metals Company (CMC) 
Last commercial metals company earnings: 3/19 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.cmc.com
Company Research Source: PR Newswire
IRVING, Texas, May 12, 2021 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced that the Maricopa County Air Quality Department on April 23 granted it an operating air permit, enabling the Company to begin construction of its third technologically advanced micro mill, the second at its Mesa, Arizona site. "Receiving the air permit is an important milestone in our latest micro mill project, which we have named Arizona 2," said Tracy Porter, Executive Vice President and Chief Operating Officer. "With the permit in hand, we can now begin construction in preparation for installation of the mill equipment, which we ordered last year. We still anticipate commissioning to occur during the spring of 2023.""Once completed, Arizona 2 will be the first micro mill in the world to produce merchant bar as well as rebar, and will employ the latest in environmentally friendly steelmaking technology. The plant's capability to directly connect to an on-site renewable energy source, a Show less Read more
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