Commercial Metals Co. announces 350,000 share common stock repurchase.

DALLAS--(BUSINESS WIRE)--Dec. 1, 1995--Commercial Metals Company (NYSE: CMC) has purchased 350,000 shares of its common stock at $24.00 per share for a total of $8.4 million in a negotiated private transaction.

The sellers were the estate and a trust for the benefit of one of the former owners of Owen Steel Company, Inc. The stock was acquired by the selling stockholders as a result of the acquisition of Owen Steel Company, Inc. by Commercial Metals Company in November, 1994. The 350,000 shares represent approximately 36% of the total shares issued by Commercial Metals Company in connection with the acquisition.

Commercial Metals Company and subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network of over 90 locations including 4 steel minimills, 19 steel fabrication plants, 3 steel joist plants, 2 railcar rebuilding facilities, 8 concrete related product warehouses, an industrial products supply company, a copper tube mill, 34 metal recycling facilities and 15 marketing and trading offices in the United States and in strategic overseas markets.

CONTACT: Commercial Metals, Dallas

Bob Davis, 214/689-4354