Commercial Metals Company (CMC, Financial) is the technological leader in the recycling of steel scrap into reinforcing steel bars and wires that provide structural strength and stability to concrete structures such as buildings, bridges, and roads. Rebar is a critical component for safety and longevity. Much more will be required to re-shore supply chains.
From Bruce Berkowitz (Trades, Portfolio)'s Fairholme Fund (Trades, Portfolio) 2022 annual report.