September 19, 2022- Commercial Metals Co. has acquired Advanced Steel Recovery LLC (ASR), a supplier of recycled ferrous metals located in Southern California. ASR's primary operations include processing and brokering capabilities that efficiently source material for sale into both the domestic and export markets. ASR handles approximately 300,000 tons of scrap annually across its processing, industrial collection, and brokerage platforms.
"The acquisition of ASR is a key strategic step to support CMC's growth in the Western United States," said Barbara Smith, Chairman, President, and CEO. "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."
