Scrap Prices North America

CMC Acquires Texas Scrap Facility From Kodiak Resources

Written by Laura Miller

November 15, 2022

Longs producer and scrap recycler Commercial Metals Co. (CMC) has acquired a metals recycling facility in the Galveston, Texas, area. Terms of the deal were not disclosed.

Commercial Metals Co

CMC acquired the facility and assets from Kodiak Resources Inc. and Kodiak Properties LLC.

The majority of the 55,000 tons per year of ferrous and non-ferrous material processed at the facility are obsolete ferrous grades that will be used by CMC’s long product mills.

“The transaction is expected to enhance the security and supply of competitively priced inputs to CMC’s steelmaking operations,” the company said.

Based in Irving, Texas, CMC currently operates 16 recycling facilities throughout the state. It operates nine steel mills and a handful other recycling operations in the southern US, and another mill in New Jersey. Additionally, it has operations in Poland and a trading branch in Beijing.

By Laura Miller, Laura@SteelMarketUpdate.com

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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