Commercial Metals

Scrap Metal, Recycling

Irving Based Commercial Metals Rebuffs Buyout Offer

Commercial Metals Co. has rebuffed billionaire investor Carl Icahn’s $1.73 billion takeover offer, saying the proposal undervalues the scrap-metal processor.


(credit: China Photos/Getty Images)

Irving Steel Manufacturing Plant To Cut Almost 1,500 Jobs

Commercial Metals Co., which has been hurt by weak construction demand, said Friday it plans to sell or close a number of facilities, leading to the loss of nearly 1,500 jobs.