Steel Mills
CMC Acquires Scrap Recycler Roane Metals
March 7, 2023
Commercial Metals Co. has acquired metal recycler Roane Metals Group.
Financial terms of the private transaction were not disclosed, in a deal guided by Carl Marks Securities LLC.
Roane Metals is a ferrous and nonferrous metals recycling company with headquarters in Rockwood, Tenn. It specializes in the purchase, processing, and sale of scrap metals from industrial, commercial, and individual sources.
“After running a broad auction process and bringing in bids from many international steel companies, Commercial Metals emerged as the best fit to continue Roane Metals’ legacy,” Chris Parisi, partner at Carl Marks Advisors, said in a statement.
Carl Marks Securities is an affiliate of middle-market investment bank Carl Marks Advisors.
CMC is an Irving, Texas-based long products steelmaker and scrap recycler.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Steel Mills

USS Granite City HSM, downstream ops continue despite idling of steelmaking
U.S. Steel will continue to operate the hot strip mill and finishing lines at its Granite City Works in southern Illinois.

SMU survey: Direction of mill lead times mixed on holiday season lull
Movements in lead times were mixed in SMU’s check of the market this week – a reflection of the seasonal dip in ordering that is typically seen during the winter holiday season.
TimkenSteel implements Worlds’ AI platform into steelmaking ops
TimkenSteel has begun utilizing AI software from Worlds to gain insight into its steel manufacturing processes.
AM/NS Calvert, Outokumpu extend tolling arrangement
AM/NS Calvert will continue providing hot rolling tolling services for Outokumpu for the time being.

SMU Community Chat: Algoma’s CEO talks prices, decarb, raw materials
Algoma Steel’s CEO Michael Garcia joined SMU Managing Editor Michael Cowden for a Community Chat on Wednesday, Nov. 29. A great discussion was had on topics ranging from plate pricing to decarbonization efforts, raw materials strategies, and more.