Commercial Metals Company introduced that as a part of its strategic enlargement within the Western US, it has acquired Advanced Steel Recovery, LLC (ASR), a number one supplier of recycled ferrous metals positioned in Southern California.
ASR’s main operations embody processing and brokering capabilities that effectively supply materials on the market into each the home and export markets. ASR handles roughly 300,000 tons of scrap yearly throughout its processing, industrial assortment, and brokerage platforms.
“The acquisition of ASR is a key strategic step to support CMC’s growth in the Western United States,” stated Barbara Smith, Chairman of the Board, President, and Chief Executive Officer. “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.”