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2	CMC – Business Model Vertical Integration Product Diversification Global Geographic Dispersion
3	CMC – A Global Steel and Metals Company Steel Minimills Steel Fabrication Plants Steel Joist & Deck Plants Heat Treating Plants Steel Fence Post Mfg. Plants Steel Service Centers Construction-Related Product Warehouses Copper Tube Minimill Metal Recycling Facilities Marketing and Distribution Offices Strategic Investments
4	CMC – Track Record 30 Consecutive Years of Profitability Build Markets, then Build Manufacturing/ Processing Operations Vertically Integrated: Scrap Processing and Steel Fabrication are Hedges for the Steel and Copper Tubing Mills Marketing and Distribution Consistently Profitable People Development
5	CMC – Five Operating Segments CMC AMERICAS (1) Recycling All Recycling Facilities Including 7 Shredders Locations Throughout the Sunbelt; Significant Regional Processor of Ferrous and Nonferrous (2) Mills 4 Steel Minimills (Long Products) Copper Tube Mill (3) Fabrication & Distribution Downstream Rebar Fab, Joist & Deck, Construction-Related Products, Structural Fab, Fence Posts, Heat Treating Steel Import/Export Business CMC INTERNATIONAL (4) Mills (Poland & Croatia) Includes Captive Recycling Facilities and Two Shredders Main Products: Rebar, Wire Rod, Merchants (Poland); Pipe & Tube (Croatia) (5) Fabrication & Distribution International Downstream Operations International Marketing and Distribution
6	CMC – Strategy Global Reach with a Regional Focus Longer Term, 50% of Revenues from Outside U.S.A. (Currently 60% U.S.; 40% Non-U.S.) Focus on Growth Markets / Regions Geographic Diversification Product Line Diversification
7	United States End-Use Markets
8	Current Pricing
9	Outlook – North America Currently Non-Residential Construction Markets in the Main Remain only Slightly Affected by Credit Implosion Anticipate 2008 Demand Similar to 2007 (Slightly Lower) Credit Debacle May Cause a Pause; Varies by Geography Customers Hate Uncertainty Rebar Imports 29% Reduction Year Over Year Weak U.S. Dollar High Ocean Freight Rates Better International Prices Concerted Government Effort Not to Export – China/India With Lead Times, Earliest Date Import Trend Could Reverse is Late Summer Service Centers Low Inventory Levels; Showing Discipline
10	Outlook – North America Ferrous Scrap Pricing Continued Solid Domestic Demand International Prices Rising Increase in Iron Ore Prices Supports Ferrous Pricing All Factors Lead to Sustained Historically Higher Ferrous Scrap Prices Ferrous Scrap Prices Will Correct, But to a Higher Level Nonferrous Exports Active Copper Pricing Always a Good Global Economic Barometer Strong Above $3/lb.
11	Outlook – Poland/Croatia - CEE Strong Demand in Neighboring Markets Imports Not Attracted to Polish Market Prices Increasing Anticipate Strength Through Spring / Summer 2008 New Polish Government – Pro Business From Poland Through to Russia, Construction Markets Should Remain Strong. Croatia - Turnaround
12	Outlook – China Steel Consumption Higher than GDP Domestic Steel Prices Rising Government Focus Energy & Environment Control Inflation & Speculation Reduce Further Steel Exports Rate of Steel Capacity Expansion Slowing
13	Outlook – China 2007 Net Finished Steel Exports 46 Million Tonnes Exports 63 Million Tonnes Imports 17 Million Tonnes 2008 Anticipate 30% Reduction in Net Exports Removal VAT Tax Rebates / Increased Export Taxes High Bulk Freight Rates Protective Measures – U.S. / EU Currency Appreciation Higher Raw Material / Energy Costs Shift from Low Value to Higher Value Products Reduced Production at Smaller / Medium-Sized Mills Impact of Reduced Chinese Steel Exports Higher Prices in Asia & Internationally Chinese Steel Inventories Are Low
14	Summary – Outlook 2008 U.S. Steel Prices Lowest in the World Declining Steel Imports Weak U.S.$ Barrier to Imports High Ocean Freights Also a Barrier to Imports Low Inventory Levels – Mills/Service Centers Ferrous Scrap Prices at All-Time Highs; Will Correct at High Levels Supply Driving Up Steel Prices Rebar/Merchant Bar Margin Spread Well Over $300/Ton Non-Residential Construction Remains Good
15	Summary – Outlook 2008 Global Infrastructure Activities Strong Global Economies, in Particular Emerging, are Very Good China Has Increased Export Taxes on Most Steel Products China Net Steel Exports Likely to be Reduced by 30% in 2008 (Impact 12-15 Million MT) Iron Ore Contract Prices Increase 65% from April 1, 2008 Higher Iron Ore Prices Cause Ferrous Scrap Prices to Rise and Result in Higher Steel Prices Global Steel Prices Have Risen Sharply in Recent Weeks; Likely to Stabilize at Higher Levels.
16	Investor Information
17	Forward-Looking Statements
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19	Background Info
20	CMC – Core Values Integrity & Honesty Respect for the Individual (The CMC Way) Conservatism in Business Conduct (Doing it the Right Way) Highest Ethical, Moral & Legal Standards
21	CMC – People Safety 2007 – Americas Minimills #1 CMC Steel Arkansas #2 CMC Steel Alabama #3 CMC Steel South Carolina #5 CMC Steel Texas Safety Committee “Achievement of a Consistent Safety Performance at all CMC Locations”
22	United States End-Use Markets
23	Financial Performance Growth
24	Financial Performance Earnings Per Share
25	Financial Performance Quarterly Earnings Per Share
26	Financial Performance Dividend Payout Per Share (by Fiscal Year)
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28	Investments
29	Adjusted Operating Profit by Segment