Commercial Metals Company
Industry: Materials/Manufacturing/Iron/Steel

Since 1915, Commercial Metals Company (CMC) has manufactured, recycled and marketed steel and metal products and related materials through more than 130 locations worldwide. The Manufacturing segment is comprised of the CMC Steel Group and Howell Metal Company. The CMC Steel Group has four steel minimills and over 70 other operations from California to Virginia. Howell Metal Company is a copper tube manufacturer. Steel mill capacity of 2.3 million tons includes light and mid-sized structurals, reinforcing bars, angles, channels, beams, special bar quality rounds and flats, squares and special sections used in the construction, manufacturing, steel fabrication and warehousing industries. Steel fabrication capacity exceeds 900,000 tons. The copper tube mill, with 80 million pounds of capacity, manufactures copper water tube plus air conditioning and refrigeration tubing. CMC's Recycling segment is one of the largest processors of nonferrous scrap metals and one of the largest regional processors of ferrous scrap metals in the U.S. During fiscal 2002, our 44 recycling plants processed and shipped 2.3 million tons of scrap metal, the preferred raw material for many metal producers and manufacturers. The Marketing and Distribution segment markets steel, nonferrous semis, primary and secondary metals and industrial raw materials through a global network of sixteen offices, four processing facilities and other investments and joint ventures around the world. This segment functions as a global marketing channel for metal producers and fabricators, providing technical information, financing, chartering, storage, insurance and hedging. From rolled aluminum to steel joists, CMC can provide the metal products you need, at the cost you want, with the quality you deserve. You can access our products and services easily with the click of a mouse. Commercial Metals Company stock is traded on the NYSE under the symbol CMC. For investment information, current stock price and financial performance, visit our investor relations page.

Business Summary
Commercial Metals Company (CMC) engages in the manufacture, recycle, marketing, and distribution of steel and metal products, and related materials and services in the United States and internationally. It operates in five segments: Domestic Mills, CMCZ, Domestic Fabrication, Recycling, and Marketing and Distribution. Domestic Mills segment operates through a network of 4 steel mills, which produce reinforcing bar, angles, flats, small beams, rounds, and fence post sections; scrap processing facilities that directly support these minimills; and a copper tube minimill. CMCZ segment sells rebar to fabricators, distributors, and construction companies. Domestic Fabrication segment offers fabricating joists and special beams for floor and ceiling support, and steel fence posts. Recycling segment processes secondary metals or scrap metals as a raw material, which is used by manufacturers of new metal products; and sells recycled metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, and high temperature alloy manufacturers. Marketing and Distribution segment buys and sells primary and secondary metals, fabricated metals, and other industrial products through a network of offices, processing facilities, and joint venture offices world wide. The company was incorporated in 1946 and is headquartered in Irving, Texas.

Financial Summary
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