Commercial Metals Company (CMC) has modified its reporting configuration to add the North American and European operating segments, starting during the company’s Q4 2020 fiscal reporting.
The steelmaker, which has a capacity to process and ship over 4mn nt (3.63mn mt) of ferrous and non-ferrous scrap per year, made the decision to adjust its operating unit structure to indicate the most recent changes in its operating scheme.
The modifications include a change to the company’s North American, vertically integrated operations that are now being maintained by national sales, inventory, and operations planning system, formed during fiscal 2020.
CMC adjusted its operating scheme and geographic trajectory after the complete integration of rebar assets it gained in its North American operations during fiscal 2019. The recycler also modified the method used by management regarding its use of integrated North American records for business operation, performance measures, and resource distribution.
Barbara R. Smith, president and chief executive officer, said the changes in CMC’s reporting methods will display improvements in company management and the financial aspect of its vertically integrated structure.
CMC’s North American segment includes the company’s prior Americas recycling, Americas mills, and the Americas fabrication units. The European unit covers CMC’s prior international mill section with no additional changes.