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2	Overview CMC Core Values Track Record The Company Business Model New Organization – Geography New Organization – Changes Five Operating Segments Strategy People Financial Performance Projects Review Outlook Summary
3	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
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 – 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
6	CMC – Business Model Vertical Integration Product Diversification Global Geographic Dispersion
7	CMC – New Organization Geography
8	CMC – New Organization Changes
9	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
10	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
11	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”
12	Financial Performance Growth
13	Financial Performance Earnings Per Share
14	Financial Performance Quarterly Earnings Per Share
15	Financial Performance Dividend Payout Per Share (by Fiscal Year)
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17	Investments
18	Adjusted Operating Profit by Segment
19	Bouras Industries, Inc. Acquired April 2007 Manufactures Steel Deck and Joist 512 Employees Locations Admin/Detailing - Summit, NJ Deck Mfg. - Peru, IL; So. Plainfield, NJ; Rock Hill, SC Joist Mfg. - New Columbia, PA 21 Regional Sales Offices Capacity Deck 160,000 tons Joist 45,000 tons
20	Bouras Industries, Inc.
21	Valjaonica Cijevi Sisak (Croatia) Established 1948; Acquired September 2007 Manufactures Seamless, Welded and Cold Processed Pipe 1,400 Employees 300,000 MT Rolling Capacity 170,000 Welded Tubes 70,000 Heavy Walled Seamless Pipe 35,000 Medium Section Seamless Pipe 25,000 Cold Drawn Tubes Melt Shop – 70,000 Blooms Turnaround; Manufacturing at Less Than 20% of Capacity at Acquisition
22	CMC Sisak (Croatia)
23	Project Review Arizona Micro Mill $150 Million 281,000 Tons of Rebar Expected Commissioning August 2009 Polish Wire Rod Block $40 Million Additional 100,000 Tons of Rod/Rebar/Coils Expected Commissioning End of 2008 Polish Flexible Section Mill $170 Million 650,000 MT Increased Product Range; Larger Sizes Expected Commissioning Late 2009
24	CMCZ Wire Rod Block Construction
25	Project Review SAP Implementation $68.5 Million Invested Through August 31, 2007 $84 Million Expected to be Invested in 2008 Some Carryover into 2009 First Units Went Live January 1, 2008 Rollout From Now to Late 2009
26	SAP Benefits Expected Return on Investment is 25%+ Platform for Future Growth with Ability to Rapidly Integrate Acquisitions Entire Corporation Will be on a Single System with Identical Functionality Total Visibility Across the Entire Corporation; Real-Time Information for Decisions; Faster, More Accurate Processings; Better Controls Largest Benefit Areas Reduced Inventory Production Scheduling by Optimal Demand Planning and Location Coordinated Transportation and Logistic Admin Improved Maintenance Through Preventive Strategies Leverage Global Purchasing
27	Outlook – North America Non-Residential Construction Markets Remain Solid Anticipate 2008 Demand Similar to 2007 (Slightly Lower) No Signs of Any Significant Impact from Sub Prime Debacle Steel Imports Significantly Reducing Weak U.S. Dollar High Ocean Freight Rates Better International Prices With Lead Times, Earliest Date Import Trend Could Reverse is Mid 2008 Service Centers Very Low Inventory Levels; Will Increase Buying as Prices Rise Solid Demand + Low Imports + Rising Scrap Prices + Low Inventories = Rising Steel Prices and Increased Shipments
28	Outlook – North America Ferrous Scrap Pricing Continued Solid Domestic Demand New Export Opportunities – Container Backhauls Traditional Winter Supply Decrease International Prices Rising Anticipate Increases in Iron Ore Prices All Factors Lead to Sharply Rising 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 Around $3/lb.
29	Outlook – Poland/Croatia - CEE Steel Arbitrage Worked in Poland High Prices, Strong Currency, Growing Economy Attracted Too Many Imports First Half Calendar 2007 Inventories Working Down Seasonal Impact Margin Squeeze – Currency / Exports Prices Increasing Anticipate Bounce Back Spring / Summer 2008 New Polish Government – Pro Business From Poland Through to Russia, Construction Markets Should Remain Strong. Croatia - Turnaround
30	Outlook – China Steel Consumption Higher than GDP Domestic Steel Prices Rising Spot Iron Ore Prices Up 100% Year Over Year Government Focus Energy & Environment Control Inflation & Speculation Reduce Further Steel Exports Rate of Steel Capacity Expansion Slowing
31	Outlook – China 2007 Net Steel Exports Estimate 52 Million Tons Exports 67 Million Tons Imports 15 Million Tons 2008 Anticipate 30% Reduction in 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
32	Summary – Outlook 2008 U.S. Economy Heading for a Recession? Further Fall Out From Sub Prime/Credit Squeeze/Liquidity Problems Possible Slowdown in Global Demand Inflation China/Emerging Countries Over Heating? Oil at U.S. $100/Barrel
33	Summary – Outlook 2008 U.S. Steel Prices Lowest in the World Declining Steel Imports Weak U.S.$ 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 $300/Ton Non-Residential Construction Remains Very Good
34	Summary – Outlook 2008 Global Infrastructure Activities Strong Global Economies, in Particular Emerging, are Very Good China Has Increased Export Taxes on Steel Products China Steel Exports Likely to be Reduced by 30% in 2008 (Impact 15 Million MT) Iron Ore Contract Prices Likely to Increase 30-50% from April 1, 2008 Higher Iron Ore Prices Cause Ferrous Scrap Prices to Rise and Result in Higher Steel Prices Global Steel Prices Have Risen Sharply in Recent Weeks; Likely to Stabilize at Higher Levels.
35	Summary Anticipate Global Infrastructure & Construction Growth to Remain Strong Rising Iron Ore & Scrap Prices = Rising Steel Prices Steel Imports Should Remain Low High Bulk Freight Rates and Weak U.S.$ to Continue Service Centers Should Pick Up Buying Activity Higher International Steel Prices Sustainable Based on Lower Chinese Steel Exports Industry Consolidation to Continue U.S. New Residential Construction Off the Peaks of 2006, But Still Very Good Non-Residential Construction Market Remains the Key Driver
36	Investor Information
37	Forward-Looking Statements
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