COMMERCIAL METALS COMPANY

Date of closing December 2015
Total Costs $62 million
Total NMTCS $51.5 million
COMMERCIAL METALS COMPANY (Durant, OK) | View Map

Founded in 1915, CMC is a scrap steel recycling and manufacturing company that is one of the largest and oldest recyclers of metals in the U.S. The project will build a Micro-Mill facility in Durant, OK, to efficiently process scrapped metal into metal rebar. The new facility will have an annual production capacity in excess of 380,000 tons and will be the single largest rural economic development project in the state of Oklahoma. The project will create 300 direct jobs in addition to other adjunct jobs (i.e. transportation) in a highly distressed rural community with 19.0% poverty, 79.7% AMI, and unemployment of 13.1%. The CMC Durant facility will utilize the most advanced technology to minimize its environmental footprint via the electric arc furnace process. (NNMF NMTCs: $21 million)