CMC Statement Regarding Pacific Steel Group v. Commercial Metals Co. Litigation

Commercial Metals Company issued a statement in response to the jury verdict reached in the Pacific Steel Group v. Commercial Metals Co. (N.D. Cal.) litigation. Pacific Steel Group (“Pacific Steel”) filed this lawsuit claiming, among other things, various restraints on trade by CMC. A trial on Pacific Steel’s claims began on October 21st and concluded today with a verdict in favor of Pacific Steel in the amount of $110 million, which will be trebled as a matter of law, plus attorneys’ fees. We are very disappointed by the outcome, and plan to appeal the verdict. CMC stands by the strong integrity of its business practices and will vigorously defend its position.

About CMC

CMC is an innovative solutions provider helping build a stronger, safer, and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe, we offer products and technologies to meet the critical reinforcement needs of the global construction sector. CMC’s solutions support construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission.

Source: Commercial Metals Company