Commercial Metals Company disclosed the closure of its fence post operations in Magnolia, Arkansas.
Production will be relocated to the San Marcos, Texas fence post production facility, as operations in Magnolia wind down and cease in their entirety by the end of the company’s third fiscal quarter. Customers will not be impacted by this decision.
In addition, CMC Steel Arkansas, a rerolling mill operated in Magnolia, Arkansas since 1987, will significantly reduce production levels over the same time period. These decisions are primarily the result of what CMC believes to be unfairly traded and illegally dumped steel products entering the US market. The decision to consolidate production in Texas reflects the impact of unfair trade on several plants and products.
Approximately 40 employees are being impacted by the closure.
Published in the April 2016 Edition of American Recycler News