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2	CMC – Business Model Vertical Integration Product Diversification Global Geographic Dispersion
3	General Market Conditions & Outlook Second Qtr. (Dec/Jan/Feb) Historically the Slowest Expected 2^nd Qtr. Earnings Range – $0.50 to $0.60 No LIFO Impact Assumed; Rising Prices Offset Lower Inventories Area With Largest Potential Upside – CMCZ (Poland) if Weather Holds and Imported Inventory Worked Down CMCS (Croatia) – A 2^nd Qtr. Operating Loss Less Than the 1^st Quarter’s; Down from $4.5 Million; Continued Improvement Projecting to Breakeven Cumulatively for the Year
4	North America Bidding Activity Remains Normal for this Season In Our End-Use Markets, no Significant Drag Yet from Credit Mess Strongest Markets are Highway, Education, Utilities Retail is Weaker as a Result of Residential Falloff Backlog Visibility Currently Good Through Spring Imports Will not be a Factor Until April at the Earliest
5	North America Weak Dollar; Strong Freight Rates China to U.S. Gulf $90/MT S.E. Asia to U.S. Gulf $120/MT Black Sea (Turkey) to U.S. Gulf $75/MT Ferrous Scrap Prices Continue Climb to Record High (Shredded $360/LT) This Will Support Upward Pricing Immediate Benefit to Recycling Near-Term Benefit to Mills Long-Term Benefit to Fabricators after Margin Squeeze Abates
6	North America Low Inventory Levels and Expected Price Increases Lead to Increased Orders in the Short Run Nonferrous Scrap Results Should be Steady; Copper Bouncing Around - $3 per lb. Wolverine Exiting the U.S. Commodity Copper Tube Business; After its Inventory Liquidation, Should be Favorable to CMC Howell Metal Raw Material Imports Still Strong
7	Europe Normal Lower Demand Coming Out of Holidays and Year End Stock Taking; Stock Levels Adequate Especially for Flat Products, But Upward Pricing Trend Poland Begins Recovery from Inventory Overhang
8	Europe Turkish Billets on the Rise at $620/MT Turkish Rebar on the Rise at $720/MT Croatia to Produce at 15-20% of Installed Capacity Welded and Cold Processed Tube in Better Demand than Seamless
9	Asia New Chinese Export Taxes as of January 1, 2008
10	Asia The Various Tax/Licensing Schemes Will Cut Exports by a Third in 2008 Some Products, Semis, Will be Tight Will Tend to Keep Asian Steel in Asia, but CMC is Positioned to Take Advantage of That as Well Prices Will Rise; More Confidence in the Region Iron Ore Negotiations Heading to 30%+ Increase Which Will Further Support Higher Finished Goods Prices
11	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 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
12	CMCZ Wire Rod Block Construction
13	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 Visiblity 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
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15	Quarterly Net Sales
16	Quarterly Earnings Per Share
17	Return on Beginning Equity
18	LIFO Expense (Income) Pre-Tax
19	Dividend Payout Per Share by Fiscal Year
20	Investments
21	Adjusted Operating Profit by Segment
22	Adjusted Operating Profit
23	Average Selling Prices
24	Quarterly Scrap Shipments
25	Adjusted Operating Profit
26	Americas Steel Mills Product Mix
27	Americas Steel Mills Average Selling Prices
28	Americas Steel Mill Margins 1^st Quarter Comparisons
29	Electric Rates by Quarter
30	Natural Gas Rates by Quarter
31	Percentage of Manufactured Cost Per Ton
32	Copper Tube Manufacturing Average Prices
33	Copper Tube Manufacturing Pounds Shipped
34	Adjusted Operating Profit
35	Shipments
36	Average Selling Prices*
37	CMCZ (Poland) Adjusted Operating Profit
38	CMCS (Croatia) Adjusted Operating Profit
39	CMCZ Mill Margins 1^st Quarter FY Comparisons
40	CMCS Mill Margins 1^st Quarter FY 2008
41	Adjusted Operating Profit
42	Investor Information
43	Forward-Looking Statements
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