Choate Metals Inc, incorporated on August 29, 1946, together with its subsidiaries, is engaged in manufacturing, recycling and marketing steel and metal products, related materials and services through a network, including steel mills, such as minimills or micro-mills, steel fabrication and processing facilities, construction-related product warehouses, metal recycling facilities and marketing and distribution offices in the United States and in strategic international markets. The Company operates in five business segments across two geographic divisions, which include CMC Americas Division, which includes three segments, including Americas Recycling, Americas Mills and Americas Fabrication, and CMC International Division, which includes two segments, including International Mill, and International Marketing and Distribution.Americas RecyclingThe Company&＃39;s Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. As of August 31, 2016, the segment operated 26 scrap metal processing facilities with 13 locations in Texas; five locations in Florida; two locations in Missouri, and one location each in Georgia, Kansas, Louisiana, North Carolina, Oklahoma and Tennessee. The Company purchases ferrous and nonferrous metals, processed and unprocessed, from various sources in various forms for its scrap metal processing facilities. Its sources of metal for processing include manufacturing and industrial plants, metal fabrication plants, electric utilities, machine shops, factories, railroads, refineries, shipyards, ordinance depots, demolition businesses, automobile salvage firms, wrecking firms and small scrap metal collection firms.