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IRVING, Texas, Aug. 30, 2022 /PRNewscord/ — Commercial Metals Company (NYSE: CMC) (“CMC”) today announced the launch of RebarZero™, a line of net-zero greenhouse fuel emissions rebar products. The offering will be the first of its kind to provide an unbiased carbon profile from production to final on-site delivery, covering scope 1, 2 and 3 emissions. Along with the launch of RebarZero™, CMC is also introducing net 0 metal into its factory. product portfolio, adding commercial bars, cordoncillos and fence posts.
“Sustainskill has been at the center of our business since its inception as an exclusive metal recycling facility more than a century ago,” said Barbara Smith, president and chief executive officer. ensures that we stay at the forefront of our industry by providing our consumers with one of the lowest emission metal products on the market. RebarZero ™ has evolved to put our consumers’ projects at the forefront of sustainable structure. Today’s extra product launch strengthens CMC’s ability to provide cutting-edge responses for commercial and structural markets in a wide variety of end-use applications. »
CMC believes it operates one of the most effective fleets of metal mills in the world and is a long-standing leader in environmentally friendly and sustainable metal production. All of CMC’s metal products are made from recycled scrap in cost effective electric arc furnaces. . Per ton, CMC plants’ greenhouse fuel emissions, energy intensity and water consumption are only a fraction of the national and global industry averages. For more information on RebarZero™, which adds the use of renewable energy credits and carbon offsets to neutralize scope 1, 2 and 3 carbon emissions, visit: https://www. cmc. com/zero.
About the Commercial Metals Company
Commercial Metals Company and its subsidiaries manufacture, recycle and manufacture metal and metal products and supply fabrics and the like through a service network that includes seven mini electric arc furnace (“EAF”) plants, two EAF microplants, a rolling mill, metal generator processing and production plants, similar product warehouses for construction and metal recycling services in the United States and Poland. Through its Tensar division, CMC is a leading global provider of state-of-the-art soil and soil stabilization solutions, sold in more than 80 domestic markets through its two main product lines: Tensar geogrids® and Geopier® base systems.
Forward-Looking Statements
This press release comprises forward-looking statements within the meaning of federal securities legislation regarding the unbiased carbon profile of RebarZeroTM and other products in our portfolio, our position in the industry as a supplier of low-emission metal products, and our expectations. or ideals related to long-term events, in particular with regard to sustainable progression initiatives. The statements contained in this press release, which are not old statements, are forward-looking statements. These forward-looking statements may be known through expressions such as us or our control “believe”, “will” or other similar words or expressions, as well as through discussions of strategy, plans or intentions.
Our forward-looking statements are based on control expectations and ideals at the time of writing this press release. Although we believe our expectations are reasonable, we cannot assure you that those expectations will prove to be correct and actual effects are likely to vary materially. Except as required by law, we undertake no legal responsibility to update, modify or explain any forward-looking statements to reflect superseded assumptions, the occurrence of expected or unforeseen events, new data or cases, or any other supersession. Important items that may also cause actual effects to differ materially from our expectations come with those described in our filings with the Securities and Exchange Commission, which add, among others, Part I, Item 1A, “Risk Factors” of our Annual Report on Form 10-K for the year ended August 31, 2021, and Part II, Item IA, “Risk Factors” of our upcoming Quarterly Reports on Form 10-Q, in combination with the following: adjustments in economic situations that have effects on the demand for our products or design activity in general, and the effect of said adjustments on the highly cyclical metallurgical industry; immediate and significant adjustments in metal values, which could have adverse effects on our share price due to declining raw material values or decrease the earning capacity of our downstream contracts due to emerging values of raw Materials; the effects of COVID-19 on the economy, our products, the global supply chain and in our operations require, adding government responses to COVID-19 and the effects of various vaccines against COVID-19; excess capacity in our industry, specifically in China, and the availability of products from competing generators and other metal suppliers, adding import amounts and values; the impact of the Russian invasion of Ukraine on the global economy, energy supply and raw materials, which is doubtful but may also have an adverse effect on our business and operations; compliance with and adjustments to existing and long-term legislation, regulations and other legal needs and court orders that govern our business, adding expanding environmental regulations related to climate substitution and greenhouse gas emissions; participation in various environmental issues that could result in fines, consequences or lawsuits; advances in the generation of remediation, adaptations in the regulations, prospective contributions from third parties, doubts inherent in the estimation procedure and other points that possibly have an effect on the amounts to be paid for environmental damage; prospective limitations to our capacities or those of our consumers to access credits and breach of their contrary legal responsibilities, adding legal payment responsibilities; percentage of repurchase activity of our shares not unusual under our repurchase program; the clauses and monetary restrictions on the operation of our business involved in the agreements that govern our indebtedness; our ability to effectively identify, complete and integrate acquisitions, and the effects that acquisitions would likely have on our monetary leverage; threats related to acquisitions generally, such as inability to discharge or delays in discharging approvals required under applicable antitrust laws and other regulatory and third-party approvals; operational and start-up threats, as well as market threats related to the start-up of new projects, can also prevent us from knowing the expected benefits and can also result in the loss of all or a really large part of our investments ; lower-than-expected long-term benefit rates and higher-than-expected long-term charges; failure or inability to put expansion methods into effect in a timely manner; have an effect on goodwill impairment charges; have an effect on long-lived asset impairment charges; currency fluctuations; global points, such as industry actions, military conflicts and political doubts, adding adjustments in applicable industry regulations, such as Section 232 industry quota and value lists, tax legislation and other regulations that could have a adverse effect on our business; availability and pricing of electricity, electrodes and herbal fuel for plant operations; the ability to hire and retain key executives and other employees; festival of other fabrics or competition that have a lower cost design or access to higher monetary resources; data generation interruptions and security breaches; the ability to make mandatory capital expenditures; the availability and value of raw fabrics and other parts over which we have little control, adding scrap, energy and insurance; unforeseen appliance failures; limited prospective gains or losses from hedging transactions; claims and litigation settlements, court decisions, regulatory rulings and threats of legal enforcement; threat of injury or death to employees, consumers or other visitors to our operations; and civil unrest, demonstrations, and riots.
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SOURCE Metallurgical company