Air Permit Received For Commercial Metals Company's Durant, Oklahoma Micro Mill

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Feb 04, 2016, 10:15 ET

IRVING, Texas, Feb. 4, 2016 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) on January 19^th received a new source air permit from the Oklahoma Department of Environmental Quality. This permit authorizes CMC, from an environmental air quality prospective, to construct a technologically advanced micro mill in Durant, Oklahoma.

"Receiving the air permit is an important milestone in our Durant, Oklahoma micro mill project," commented Tracy Porter, President CMC Americas. "With the permit in hand, we are now able to begin construction in preparation for installation of the mill equipment, which was placed on order late last year. We still anticipate commissioning of the micro mill to occur during the fall of 2017."

About CMC

Commercial Metals Company and its subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including steel minimills, steel fabrication and processing plants, construction-related product warehouses, metal recycling facilities and marketing and distribution offices in the United States and in strategic international markets.

Forward-Looking Statements

This news release contains forward-looking statements regarding the Company's expectations relating to the Company's operating plans and future financial results. These forward-looking statements generally can be identified by phrases such as we, CMC or its management "expects," "anticipates," "believes," "estimates," "intends," "plans to," "ought," "could," "will," "should," "likely," "appears" or other similar words or phrases. There are inherent risks and uncertainties in any forward-looking statements. Although we believe that our expectations are reasonable, we can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Except as required by law, the Company undertakes no obligation to update, amend or clarify any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, new information or circumstances or otherwise.

SOURCE Commercial Metals Company