EXHIBIT 99.1


CMC BUYS CONTROLLING INTEREST IN POLISH STEEL MILL HUTA ZAWIERCIE
Wednesday December 3, 9:46 am ET

DALLAS, Dec. 3 /PRNewswire-FirstCall/ -- Commercial Metals Company (NYSE: CMC -
News), headquartered in the Dallas suburb of Irving, Texas, today announced that
its subsidiary, Commercial Metals (International) AG, has closed the previously
announced purchase of a controlling interest in Huta Zawiercie S.A., of
Zawiercie, Poland. CMC paid approximately $50 million (200 million Polish Zloty)
cash to acquire the 71.1% of the outstanding shares of Huta Zawiercie formerly
owned by Impexmetal S.A., Warsaw, Poland. The Polish State Treasury controls
most of the remaining shares. After the closing, Huta Zawiercie's name will be
changed to CMC Zawiercie S.A. to signify its strategic role in Commercial Metals
Company's network of steel minimills, fabrication and processing facilities and
marketing and distribution offices.

Stan Rabin, Chairman, President and Chief Executive Officer, said, "This is an
exciting and unique strategic opportunity for CMC. With consummation of this
transaction CMC has become a significant manufacturer of rebar and wire rod in a
key central European market. We intend to leverage the existing steel marketing
expertise of our European offices, our operational experience with similar
facilities and our solid financial status for the benefit of CMC Zawiercie. CMC
Zawiercie has been a profitable operation for the prior six years despite
difficult markets. We expect to continue that record and look forward to helping
the dedicated employees in Zawiercie grow the business."

Dr. Hanns Zoellner of CMC's Zug office will assume the management responsibility
for oversight of the investment.

CMC Zawiercie is the third largest steel producer in Poland with annual capacity
estimated at one million metric tons. Facilities include two electric arc
furnaces, ladle furnaces and casters. Principal products are rebar and wire rod
produced on two separate rolling mills. Impexmetal acquired the shares through a
privatization transaction in 1995 and has made continuous improvements to the
operations while owning the controlling interest.

Commercial Metals Company and subsidiaries manufacture, recycle and market steel
and metal products, related materials and services through a network including
steel minimills, steel fabrication and processing plants, construction-related
product warehouses, a copper tube mill, metal recycling facilities and marketing
and distribution offices in the United States and in strategic overseas markets.

Statements made in this press release that relate to future events,
expectations, performance or financial results of CMC are forward-looking
statements within the meanings of securities laws. CMC cautions that, by their
nature, forward-looking statements involve risk and uncertainty. In particular
there can be no assurance that the transaction discussed in this press release
will be consummated or that the timing, terms or results of any transaction will
be advantageous to CMC. The forward-looking statements contained in this press
release speak only as of this date, and the Company does not assume any
obligation to update.


----------
Source: Commercial Metals Company


Contact: Debbie Okle, Director, Public Relations of Commercial Metals Company,
+1-214-689-4354