Irving, Texas-based Commercial Metals Company, operator of steel mini-mills and recycling facilities in Alabama, Arizona, Arkansas, California, South Carolina, Texas, Florida, and Poland, has announced that they are idling a major portion of their mini-mill in Rancho Cucamonga, California. The California operation melts scrap metal into steel fence posts and reinforcing bars (rebar). The company is also known for accommodating police departments to destroy surplus guns.
Approximately 100 employees may be affected by the company’s decision.
According to a company spokesperson, “The burdensome regulatory environment and cost of doing business in California has put the Rancho Cucamonga melt shop at a severe cost disadvantage in the highly competitive rebar market. Therefore, CMC has decided to shutter the melt shop and supply the rolling mill with billet from excess melt capacity throughout our system of lower cost mills”.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?