CMC is a global steel and metals company with over 14,000 employees worldwide. It manufactures, recycles, markets, and distributes steel and metal products through a network of over 200 locations globally. CMC operates steel minimills, fabrication plants, service centers, and recycling facilities. It aims to vertically integrate its operations from scrap processing to steel fabrication to provide a hedge against steel and metal price fluctuations.
Established in 1996, docSTAR is a recognized leader in the development of innovative software products for the document imaging industry. docSTAR (Document Storage and Retrieval) is a robust suite of software solutions that securely scans, stores and retrieves documents quickly and easily.
Established in 1996, docSTAR is a recognized leader in the development of innovative software products for the document imaging industry. docSTAR (Document Storage and Retrieval) is a robust suite of software solutions that securely scans, stores and retrieves documents quickly and easily.
Since 2002, the name "Shri Bajrang Power & Ispat" has been synonymous with operational excellence and leadership in the production of Iron Ore, Steel and Steel products.It is one of the largest Industrial House of Central India headed by Shri Suresh Goel. Under his leadership and guidance the group has shown continued success across the years. The group has diversified into manufacturing as well as service sectored segments like Iron & Steel, Mining, Power, Ferro Alloys, Fly Ash Bricks, Digital Marketing and Media.
Since 2002, the name "Shri Bajrang Power & Ispat" has been synonymous with operational excellence and leadership in the production of Iron Ore, Steel and Steel products.It is one of the largest Industrial House of Central India headed by Shri Suresh Goel. Under his leadership and guidance the group has shown continued success across the years. The group has diversified into manufacturing as well as service sectored segments like Iron & Steel, Mining, Power, Ferro Alloys, Fly Ash Bricks, Digital Marketing and Media.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
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when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
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1. CMC
A Global Steel and Metals Company
Over 14,000 Employees Worldwide in 14 Different Countries
Steel Minimills
Steel Fabrication Plants
CMC Manufactures, Steel Joist & Deck Plants
Recycles, Markets Heat Treating Plants
and Distributes Steel Steel Fence Post Mfg. Plants
and Metal Products and
Steel Service Centers
Related Materials and
Construction-Related Product
Services Through a
Warehouses
Network of Over 200
Copper Tube Minimill
Locations Worldwide
Metal Recycling Facilities
Pipe & Tube Mill
Marketing and Distribution Offices
6565 N. MacArthur Blvd. Suite 800 Irving, TX 75039
Strategic Investments
Tel 214. 689.4300 Fax 214. 689.5886
www.cmc.com
2
CMC Overview June 2008
Effective 9/1/2007
CMC – Business Model
• Locations Throughout the Sunbelt
• Poland -- Main Products are
• Significant Regional Processor
Vertical Integration Rebar & Wire Rod; Mega Shredder
of Ferrous and Nonferrous
on Site; Captive Scrap Branches
• Strategic Mill Support
Product Diversification • Croatia Tubular Products
Global Geographic Dispersion
• Domestic Steel Minimills • Offices in 13 Countries
(Long Products)
• Physical Operations and Strategic Investments
• Copper Tube Minimill
―11% Investment in Czech Mill
―Australian Service Centers
―Belgian Pickling & Oiling 24%
Joint Venture
• Downstream Operations: Rebar and
• Consultants/Agents in 20 Countries
Structural Fab, Joist, Deck, CRP,
• Rebar Fab; 2 Locations; More Underway
Domestic Steel Import, Fence Posts,
• Wire Mesh; 2 locations in Poland
3 Heat Treating, Other
CMC Overview June 2008
2. How is CMC Different? Conservative Accounting
Conservative Company with a Strong, Fast Depreciation Rates
Experienced Management Team No Significant Post-Retirement Benefits
High Correlation Between Hedging Strategy and
Underlying Assets
30 Consecutive Years of Profitability
Build Markets, then Build Manufacturing/ No Speculation or Position Taking
Processing Operations
No Esoteric Financial Instruments
Vertically Integrated: Scrap Processing and Steel
Very Cautionary Bad Debt Reserves / Use of
Fabrication are Hedges for the Steel and Copper Tubing
Mills Credit Insurance
Marketing and Distribution – Consistently Profitable LIFO Inventory Valuation
People Development Investment Grade Long-Term Debt and
Commercial Paper
5 6
CMC Overview June 2008 CMC Overview June 2008
Financial Objectives
CMC’s Peer Group
Profitability
Peer Companies Plus Private & International Players
» Net Income Return on Beginning Equity 10 - 14%
Bayou Steel Corporation Corus
» Operating Profit ROA > 16%
Gerdau AmeriSteel David J. Joseph (Nucor)
Leverage
Mueller Industries Duferco
Nucor Corporation Glencore » Long-Term Debt/Total Capitalization 30 - 40%
Oregon Steel Mills, Inc. Mittal
Coverage
Quanex Corporation Omnisource (Steel Dynamics)
Schnitzer Steel Industries Sims (Metal Management) » EBITDA/Interest > 6x
Steel Dynamics Stemcor
Wolverine Tube Inc
7 8
CMC Overview June 2008 CMC Overview June 2008
3. Liquidity Operating Profit by Segment
FY 2007
FY 2006
FY 2005
$400 MM Commercial Paper Program
$200 MM A/R Securitization Agreement
14% 13%
16% 11%
18%
14%
Unsecured Bank Credit Lines
14%
15%
Revolvers Have Never Been Called On
24% 42%
Weighted Average Long-Term Interest 44% 49% 17%
9%
Rate on Public Debt – 6.29%
Domestic Domestic Marketing &
CMCZ Recycling
Mills Fabrication Distribution
9 10
CMC Overview June 2008 CMC Overview June 2008
Stock Repurchases
Consolidated Net Sales
($ in Millions)
($ in Billions)
$100
79
77
$10
8.3 $80
$9
59
7.2
$8
$60
6.3
$7 42
$6 4.6 $40
$5
15
15
$4 2.7 $20 7
7 5
$3
$2 $0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
$1
$0
2003 2004 2005 2006 2007
11 12
CMC Overview June 2008 CMC Overview June 2008
5. Domestic Minimill and Fabrication Locations
Copper Tube Manufacturing
Copper Tube Minimill: Melt Scrap/Cast/Extrude/Draw
Located in New Market, Virginia
Markets: More than 30 States
80 Million Pound Capacity
Water Tubing for Plumbing, Air Conditioning and
Steel Manufacturing
Refrigeration
Steel Fabrication
Steel Joist & Deck Plants
Value-Added Products – Line Sets
Heat Treating
Copper Tube Manufacturing
Fence Post Manufacturing
Construction-Related Products Warehousing
Castellated & Cellular Beam Fabrication
18
CMC Overview June 2008
Domestic Steel Mill Shipments
Copper Tube Manufacturing Shipments
(Tons 000’s)
(in Millions of Pounds)
CMC-TX CMC-AL CMC-AR CMC-SC
2,800 2,492
100 2,401
2,600 2,284 2,266 2,250
2,171
2,400
68.4 2,008
80 65.7
66.6 2,200
61.9 1,903
1,853
2,000 1,685
52.5
1,800
60
1,600
1,400
40 1,200
1,000
20 800
600
400
0
200
2003 2004 2005 2006 2007
0
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
19 20
CMC Overview June 2008 CMC Overview June 2008
6. Steel Minimills
Domestic Steel Mill Shipments by Region
Fiscal 2007 Capacity (Tons 000’s)
Melting Rolling
CMC Steel Alabama: Birmingham, AL 650 575
(mid-size structural products)
18% CMC Steel Arkansas: Magnolia, AR 0 150
(posts, rebar, flats, angles, squares)
CMC Steel South Carolina: Cayce, SC 700 800
(full line bar size products)
CMC Steel Texas: Seguin, TX 900 900
34% (full line bar size products)
CMC Zawiercie: Zawiercie, Poland 1,500 1,100
(rebar and wire rod)
48% Total 3,750 3,525
21 22
CMC Overview June 2008 CMC Overview June 2008
Domestic Steel Mill Facilities
Domestic Steel Mill Facilities
CMC Steel South Carolina CMC Steel Texas
CMC Steel Alabama CMC Steel Arkansas
22” 24”
28”
Melt
84NT 120 NT
80 MVA Capacity: 80 MVA Melt
MELT
90 NT
72 MVA AC Fce AC Fce
Xfrmr
Melt
MELT
Xfrmr Capacity:
DC Fce
Xfrmr 100 tph
Capacity:
130 tph
90 tph
21.5 MVA 25 MVA
21 MVA Xfrmr LMS Xfrmr LMS
Xfrmr Ind Stir
LMS Ind Stir
Ind Stir
17 stand in-line continuous
17 stand in-line continuous
14 stand in-line continuous Rail slitting & re-rolling; mill (7 stand cantilever
mill (all conventional)
mill with quick change billet rolling rougher) with quick change
MILL
capability on 9 stands with quick change on all 17 stands
12 stand in-line mill capability
MILL
(12 passes continuous;
100 tph reheat furnace capacity 160 tph capacity; 3,300 fpm finishing and 150 tph reheat furnace capacity
14 passes using 3 hi) In-line straightening/stacking/bundling
In-line straightening & stacking 3,000 fpm finishing speed
40 tph reheat furnace Profile gauge In-line bundling
In-line bundling
Profile gauge
2000 fpm finishing speed
23 24
CMC Overview June 2008 CMC Overview June 2008
7. CMCZ Steel Mill Facility CMC Steel Alabama
#1 Furnace #2 Furnace
22” 22”
Medium Section Mill
Melt Melt
Routine Efficient DC Furnace Operation
135 NT 135 NT
105 MVA 105 MVA
Capacity: Capacity:
MELT
AC Fce AC Fce
Xfrmr Xfrmr
Continuous Cost / Productivity/Quality
117 mtph 84 mtph
Improvements
60 MVA 60 MVA
Growth in South Central U.S.A.
Xfrmr Xfrmr
LMS Porous Plug LMS Porous Plug
Stirring Stirring FY 2007
Bar Mill Wire Rod Mill – Tons Melted 614,000
18 stand in-line continuous Dual strand double rod
– Tons Rolled 669,000
mill with quick change block 17 stand mill plus
MILL
capability on 6 stands; – Tons Shipped 654,000
8 strand wire rod block;
120 metric tph reheat furnace capacity;
100 metric tph reheat furnace capacity
16 meters per second finishing speed;
Maximum speed 55 meters per second
In-line stacking and bundling
25 26
CMC Overview June 2008 CMC Overview June 2008
CMC Steel Arkansas CMC Steel South Carolina
Growth in Southeast U.S.A.
USA’s Leading Fence Post Provider
State-of-the-Art, Quick Change, High
Modern, Efficient Rail Reroller
Productivity Bar Mill
– Posts/Rebar/Bed Angles/Earth Bar
FY 2007
Low Cost Producer of Posts – Tons Melted 649,000
– Tons Rolled 669,000
Roll Billets Into Niche Products
– Tons Shipped 654,000
– Flats/Angles/Rounds
FY 2007 Tons Shipped – 130,000
27 28
CMC Overview June 2008 CMC Overview June 2008
8. CMC Steel Mill Products
CMC Steel Texas
PRODUCTS CMC Steel AL CMC Steel AR CMC Steel SC CMC Steel TX CMCZ
Low Cost Producer
Rebar #3–6 #3–18 #3–18 10.0 – 40.0mm
Flexible, High Productivity Bar Mill
Rounds
1/2” – 1” 1/2” – 3” 1/2” – 3-1/2” 16.0 – 52.0mm
Broad Product Range SBQ & MBQ
– Rebar, Merchant Bar, and SBQ Flats 3” – 12” 1-1/2” – 3” 1-1/2” – 6” 2” – 6” 25.0 – 100.0mm
New Caster Fiscal 2006 Squares 1/2” – 2” 1/2” – 3-1/2” 40.0 – 52.0mm
Strong Customer Base Angles 3” – 7” 1” – 2” 1” – 4” 1” – 4” 25.0 – 51.0mm
Channels 3” – 8” 3” – 6” 3” – 6”
Trucking Fleet Backhauls Scrap
Fence Post All sizes .95#, 1.25#,
Growth in Southwest U.S.A. 1.33#
Special Earth bar; Rail anchors;
FY 2007 Sections jail bars;
concrete
Other
– Tons Melted 859,000 form bar;
sign posts
– Tons Rolled 730,000
Wire Rod 5.5 – 11.0mm
– Tons Shipped 869,000
29 30
CMC Overview June 2008 CMC Overview October 2007
Domestic Steel Mill Customers
Inter-Segment Dealings
CMC Steel AL CMC Steel AR CMC Steel SC CMC Steel TX
Fabricators Farm Co-Ops/ Fabricators Fabricators
Ferrous Scrap Purchased by Domestic Steel Mills
Distributors
from CMC Recycling 16%
Service Centers Lumber Yards Contractors Contractors
Ferrous Scrap and Rail Sourced by Domestic Steel
Mills from Steel Scrap Yards 20%
Mobile Home Service Centers Service Centers Service Centers
Ferrous Scrap Processed by Texas/South Carolina
Mfg.
Shredders 31%
Tower Mfg. Manufacturers Other OEM’s Forge Shops
Steel Produced by Domestic Steel Mills and Sold to
Domestic Fabrication 33% Trailer Mfg. Sucker Rod Mfg.
Steel Purchased by Domestic Fabrication Segment from
Cold Drawers Other OEM’s
Domestic Steel Mills 46%
Other OEM’s Fabricators
As % of Total Requirement
31 32
CMC Overview June 2008 CMC Overview June 2008
9. CMC Zawiercie
Domestic Steel Mill Competitors
Second Largest Steel Producer in Poland
CMC Steel AL CMC Steel AR CMC Steel SC CMC Steel TX
Minimill Capacity 1.1 Million Tons
Chicago Heights
Bayou Steel Bayou Steel Border Steel Goal is 70% Domestic and 30% Export Sales
Steel
Gerdau Jersey Shore Gerdau Gerdau Main Products are Rebar, Wire Rod, and Merchants
AmeriSteel Steel AmeriSteel AmeriSteel
Mega Shredder and Fab Shop in 2006
Nucor Corp. W. Silver Inc. Nucor Corp. Nucor Corp.
FY 2007
Steel Dynamics Steel Dynamics
– Tons Melted 1,458,000
– Tons Rolled 1,130,000
– Tons Shipped 1,366,000
33 34
CMC Overview June 2008 CMC Overview June 2008
Fabrication Shops
CMC Sisak
Rebar Structural Steel CRP
Fab Fab Whsng. & Other
CMC Alamo Steel, Waco, TX
CMC Capitol City Steel, Buda, TX
Established 1948; Acquired September 2007
CMC Capitol Steel
Manufactures Seamless, Welded and Cold Processed Pipe Baton Rouge, Lumberton & Slidell, LA
CMC Economy Steel, Las Vegas, NV
1,400 Employees
CMC Fontana Steel
Etiwanda, San Marcos & Stockton, CA
300,000 MT Rolling Capacity
CMC Houston Steel, Houston, TX
– 170,000 Welded Tubes
CMC Kilroy Steel, Cleveland, OH
– 70,000 Heavy Walled Seamless Pipe CMC Rebar, Dallas, Ft. Worth, Melissa & Waxahachie, TX;
Albuquerque, NM; Keithville, LA; Little Rock, AR;
– 35,000 Medium Section Seamless Pipe Oklahoma City & Tulsa, OK
– 25,000 Cold Drawn Tubes CMC Rebar Arizona, Chandler, AZ
CMC Rebar Carolinas, Gastonia, NC & Columbia, SC
– Melt Shop – 70,000 Blooms
CMC Rebar Corpus Christi, Corpus Christi, TX
Turnaround; Manufacturing at Less Than 20% of Capacity at CMC Rebar Fabricators, Bloomington, CA
Acquisition
35 36
CMC Overview June 2008 CMC Overview June 2008
10. Fabrication Shops Significant Other Fabrication Operations
Rebar Structural Steel CRP
Fab Fab Whsng. & Other
CMC Rebar Florida
Jacksonville, Ft. Myers & Kissimmee, FL
Location Product Line
CMC Rebar Fresno, Fresno, CA
CMC Rebar Georgia, Atlanta & Lawrencville, GA
CMC Impact Metals Heat Treating Steel
CMC Rebar Golden Gate, Emeryville, CA Pell City, AL; Struthers, OH; Chicora, PA
CMC Rebar San Antonio, Helotes, TX
CMC Joist & Deck Shortspan and Longspan
CMC Rebar Virginia, Farmville & Fredericksburg, VA Hope, AR; Starke, FL; Iowa Falls, IA; South Plainfield & Summit, NJ; Joists; Steel Decking
Fallon, NV; New Columbia, PA; Eastover & Rock Hill, SC; Juarez, Mex.
CMC Safety Steel Service, Victoria, TX
CMC Metal Recycling
CMC South Carolina Steel, Taylors & N. Charleston, SC
Scrap Metal Recycling
Alexander City & Birmingham, AL; Augusta, GA; Austin (2) & Seguin (2),
CMC Southern States Steel, Beaumont, TX
TX; Cayce, Florence, Gaston, Lexington, No. Augusta & Spartanburg, SC
CMC Steel Fabricators, Seguin, TX
CMC Rail
CMC Sterling Steel, Houston, TX Railroad Track Dismantling
Magnolia, AR
CMC Texas Cold Finished Steel, Houston, TX
CMC Steel Products Castellated & Cellular
CMC Valley Steel, Harlington, TX
Beams
Hope, AR; Farmville, VA
37 38
CMC Overview June 2008 CMC Overview June 2008
Domestic Minimill and Scrap
Significant Other Fabrication Operations Processing Locations
Location Product Line
CMC Construction Services
N. Little Rock, Sherwood & Springdale, AR; Phoenix & Tucson, AZ;
Riverside, CA; Denver & Rifle, CO; Jacksonville, Orlando, & Tampa, FL; Concrete Accessories;
Boise, ID; Alexandria, Baton Rouge, Jefferson, Shreveport & Sulphur, LA; Highway Products;
D’Iberville & Jackson, MS; Albuquerque, NM; Broken Arrow, OK; Forming Systems
Charleston, Columbia & Greenville, SC; Amarillo, Austin, College Station,
Conroe, Corpus Christi, Dallas, El Paso, Fort Worth, Houston (3), Lubbock,
Melissa, Round Rock, San Antonio, & Texas City, TX; Salt Lake City, UT Steel Minimills
Copper Tube Mill
CMC Southern Post Studded “T” Steel
CMC Recycling Locations
Fence Posts
Magnolia, AR; West Columbia, SC; San Marcos, TX; Brigham City, UT
CMC Recycling Shredders
CMC Steel Group Locations
CMC Steel Group Shredders
Rail Salvage Company
39 40
CMC Overview June 2008 CMC Overview June 2008
11. Polish & Croatian Steel Minimills and
Recycling Tons Capability Marketing and Distribution Locations
(000’s)
Domestic
CMCR Total Processing
Mills Marketing and Distribution
Representative Offices
Ferrous 2,000 1,000 3,000 Agents
Investments and Joint Ventures
Nonferrous 525 3 528 Steel Minimill
Scrap Processing
Total 2,525 1,003 3,528 Steel Fabrication
Pipe & Tube Mill
Wire Mesh
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CMC Overview June 2008 CMC Overview June 2008
Marketing and Distribution Segment
Marketing and Distribution Locations
Strategy Domestic
– CMC Commonwealth Metals (Fort Lee, NJ)
Provide Niche Value-Added Physical Operations
– CMC Cometals (Fort Lee, NJ)
in Special Situations – CMC Dallas Trading (Irving, TX)
Marketing and Distribution Emphasized
–
International
Warehouses in Australia
–
– Australia
Steel Service Centers in Australia (Processing)
–
– China
– Germany
Partnering with Suppliers and Customers
– Hong Kong
Pickling and Oiling Steel Coils in Belgium
–
– India
Czech Marketing and Trading Agreement
–
– Russia
– Singapore
Physical Marketers, Not Screen Traders
– Switzerland
Consistently Profitable – United Kingdom
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CMC Overview June 2008 CMC Overview June 2008
12. Marketing and Distribution
Marketing and Distribution Segment
Products and Services
Strategic Investments
Aluminum, Brass and Copper Semis
Industrial Products for Steel, Refractory,
Trinecke (Czech Republic)
Foundry Industries
Europickling (Belgium)
New Steel, Long and Flat Products
Steel and Aluminum Re-Rolling Stock
Processing, Heat Treating, Pickle and Oil
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CMC Overview June 2008 CMC Overview June 2008
Marketing and Distribution Marketing and Distribution
Services Provided Synergies Within CMC
Sales of Rails / Alloys / Complementary Steel
and Copper Finished Goods to Domestic Mills
• • •
Integrity Hedging Insurance
• • •
Market Knowledge Foreign Exchange Customs Clearance Personnel Seconded to CMCZ
• • •
Multiple Suppliers Production Monitoring Warehousing/JIT
Import for Domestic Fab Stock
and Inspection
• •
Competitive Bids Technical Support
Market Intelligence
• L/C Arrangement
• •
Foreign Language Financing
– World Metal Prices – Local
•
Capability Re-Packaging/
• Claim Settlement
– World Metal Prices – Import
Port Loading/Discharge
• Contract Documentation
– Local Political/Economic Conditions
• Marine and Inland
– Freight Markets
Transportation
– Competitor Moves
– M&A Opportunities
– Joint China Strategy
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CMC Overview June 2008 CMC Overview June 2008
13. Stock Performance Graph Acquisition Criteria
Fiscal Years
$700
Maintain Investment Grade Rating
CMC
$650 CM C
$600 S&P 500
Return on Capital Criteria Met
S&P Stl Ind
$550
S&P Stl Ind
$500
Accretive to Shareholders Within One Year
$450
$400
Within Our Current Scope of Competency
$350
$300
Product Line Extension
$250
$200
S&P 500
Geographic Expansion
$150
$100
End-Use Market Attractive
$50
2002 2003 2004 2005 2006 2007
International Assets Can Be Attractive
2002 2007
Preference for Non-Union But Not an Absolute
Commercial Metals Company $100.00 $648.86
Greenfield Option
S&P 500 $100.00 $176.25
S&P Steel Industry Group $100.00 $561.57
49 50
CMC Overview June 2008 CMC Overview June 2008
Our Core Competencies
Opportunities
We Know How to Treat Our Employees,
Downstream Value-Added Operations
Customers and Suppliers
– Rebar Fabricating
We Know How to Make Steel
– Joist Manufacturing
We Know How to Fabricate Steel
– Heat Treating
We Know How to Process Scrap
– Expansion of Construction-Related Products
We Know How to Market Worldwide – Small Structural Fabrication
– Buy
Steel Mills
– Sell
– Geography Must Work (Underserved Markets)
– Transport
– Synergies with Current Operations
– Finance
– Offer an Expanded Product Line
We Do it the RIGHT Way!
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CMC Overview June 2008 CMC Overview June 2008
14. There is More to Come
Opportunities
Sustainability
Copper/Brass
Macro Factors
– Mill Position to Complement CMC Howell Metal
– Industry Consolidation Has Brought:
Recycling
» Financially Stronger Companies with
– Regional Strengthening (e.g., Yonack) Longer-Term Outlooks
» Pricing Power Pendulum Swinging Towards
International
Producers
– Early Stage Asia Expansion
» Greater Supply Discipline in Response to
– More Physical Operations in Central Europe Demand Changes
and Australia » More Control Over Raw Material Inputs
– Complement CMCZ » Diversification of Sources of Earnings Power
53 54
CMC Overview June 2008 CMC Overview June 2008
There is More to Come Metal Consumption is the Driving Factor for Metal Pricing
Sustainability Est. 2006 Population (in Millions)
700 1,400
Japan
Macro Factors 600 1,200
Steel Consumption KG Per C
500 1,000
– Historical Trend Has Developing Economies Germany
USA
400 800
More Metal Intensive Australia
300 600
China France
» Industrialization is a Continuing Story Thailand
200 400
UK
Mexico
» Economic Development Drives Steel/Metals 100 200
Consumption India
0 0
USA
UK
Japan
China
India
Australia
France
Germany
Thailand
Mexico
– Global Infrastructure 0 10 20 30 40
US$ GDP Per Capita
Consumption Curve
Source: IISI, World Bank, CMC Estimates
GDP is 2006, Steel Consumption Estimated 2005
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CMC Overview June 2008
15. There is More to Come There is More to Come
Sustainability Sustainability
Commercial Metals’ Factors Commercial Metals’ Factors (Continued)
– Diversification Limits Down Cycle Risk – Profit Opportunities Long Cycle – Spot in
Recycling, Mid-Range in Mills, Longer Term in
– Favorable Geography – Capital Assets in Sunbelt
Fabricators/Distribution
Growth Areas and Central European Expansion
Corridor – Market Upheavals Create Profit Opportunities for
Worldwide Reach of Marketing & Distribution
– Supply Chain Balance – Control Sufficient Scrap
Capacity to Meet Mill Demand Which Has Sufficient – Proven Track Record – 30 Years of Annual
Capacity to Meet Downstream Value-Added Profitability; Only One Quarterly Loss Over
Operations’ Demand That Span
– Vibrant End-Use Markets – Long Products for
Construction, Service Centers, Agriculture, Non-
Auto OEM’s
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CMC Overview June 2008 CMC Overview June 2008
Investor Information
Why CMC Outperforms
Non-GAAP Financial Measures
and Regulation G
People
This written and verbal presentation may use financial statement
Markets measures considered non-GAAP financial measures by the Securities
and Exchange Commission (SEC).
Sourcing In compliance with the SEC’s Regulation G, we have
provided on our web site at
www.cmc.com
a reconciliation to the most comparable GAAP measure and other
information that may be of interest to investors.
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CMC Overview June 2008 CMC Overview June 2008
16. Forward Looking Statements
This written and verbal presentation may contain forward-looking statements regarding
the outlook for the Company's financial results including net earnings, product pricing
and demand, production rates, inventory levels, impact of acquisitions, credit conditions
and general market conditions. These forward-looking statements generally can be
identified by phrases such as the company or its management “expect,” “anticipates,”
“believe,” “ought,” “should,” “likely,” “appears,” “projected,” “forecast,” “outlook,”
“will” or other words or phrases of similar impact. There is inherent risk and uncertainty
in any forward-looking statements. Variances will occur and some could be materially
different from management's current opinion. Developments that could impact the
Company's expectations include construction activity, difficulties or delays in the
execution of construction contracts resulting in cost overruns or contract disputes,
metals pricing over which the Company exerts little influence, interest rate changes,
increased capacity and product availability from competing steel minimills and other
steel suppliers including import quantities and pricing, court decisions, industry
consolidation or changes in production capacity or utilization, the ability to integrate
acquisitions into operations; global factors including political and military uncertainties,
credit availability, currency fluctuations, energy and supply prices and decisions by
governments impacting the level of steel imports and pace of overall economic activity,
particularly China.
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CMC Overview June 2008