CMC Acquires So Cal Scrap Company
By Metal Center News Staff
on Sep 20, 2022
Commercial Metals Company, Irving, Texas, has acquired Advanced Steel Recovery, a Southern California supplier of recycled ferrous metals. The deal is part of CMC’s strategic expansion in the Western United States.
ASR's primary operations include processing and brokering capabilities that efficiently source material for sale into both the domestic and export markets. ASR handles approximately 300,000 tons of scrap annually across its processing, industrial collection and brokerage platforms.
"The acquisition of ASR is a key strategic step to support CMC's growth in the Western United States," said Barbara Smith, president, CEO and chairman. "Our Arizona 2 micro mill remains on-track to startup in early calendar 2023, and with the commencement of operations will come the need for a secure, cost-effective supply of ferrous scrap. ASR's capabilities will help ensure that both of CMC's world-class mills in Arizona will have continued reliable access to vital raw materials."