CMC bolsters input supply by acquiring recycler

US-based Commercial Metals Company (CMC) says it has purchased Roane Metals, which has capacity to process around 85,000 s.tons/y of ferrous and non-ferrous metals at two scrapyards in Tennessee.

“The majority of volumes relate to obsolete ferrous scrap grades consumed by CMC’s long product mills,” the Texas-based group said. “The acquired assets are expected to enhance the security and supply of competitively priced inputs to CMC’s steel making operations.”