Commercial Metals Company announced that Structural Metals, Inc., its steel minimill located in Seguin, Tex., has completed reinstallation of its repaired primary electric arc furnace transformer. The melt shop is in full production.
SMI Texas' melt shop production had been curtailed compared to prior production levels when this primary transformer and a spare failed in early June. A second replacement enabled the melt shop to operate at reduced capacity during the approximate four month period. CMC maintains business interruption insurance which should cover a substantial portion of the reduction in profitability at SMI Texas as a result of the production curtailment.
Commercial Metals Company and subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including steel minimills, steel fabrication and processing plants, construction-related product warehouses, a copper tube mill, metal recycling facilities and marketing and distribution offices in the United States and in strategic overseas markets.
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