Contract

Exhibit 99.2

Effective June 1, 2012, Commercial Metals Company (the “Company”) completed the sale of its Croatian Pipe Mill and wholly-owned subsidiary, CMC Sisak, d.o.o. (“CMC Sisak”), pursuant to a definitive purchase agreement (the “Agreement”) whereby CMC GH, LLC, a wholly-owned subsidiary of the Company sold all of the outstanding shares of CMC Sisak to the Danieli Group—Steel Making Division by the Danieli holding company, Industrielle Beteiligung SA (“Danieli”). Total consideration for the sale is approximately $30.4 million, of which approximately $3.1 million will be deferred until certain conditions are met. Pursuant to the Agreement, certain assets of CMC Sisak are excluded and the Company is continuing to market those assets.

The following unaudited pro forma condensed consolidated financial statements are presented to show the effect of the disposition of CMC Sisak on the historical condensed consolidated financial statements of the Company. The unaudited pro forma condensed balance sheet assumes the Agreement was consummated on February 29, 2012. The unaudited pro forma statements of operations assume the Agreement was consummated on September 1, 2009. The unaudited pro forma condensed consolidated financial statements are presented for illustration purposes only, in accordance with the adjustments and estimates set forth below, and are not necessarily indicative of the financial position or results of operations that would have occurred had the Agreement been consummated on the dates as of, or at the beginning of the period, which, the Agreement is being given effect, nor are they necessarily indicative of future operating results or financial position of the Company.

Certain information and notes normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission governing pro forma information. The unaudited pro forma condensed consolidated financial statements should be read in conjunction with the unaudited consolidated financial statements of the Company contained in its February 29, 2012 Form 10-Q and its consolidated financial statements of the Company contained in its 2011 Annual Report on Form 10-K.

COMMERCIAL METALS COMPANY AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET

FEBRUARY 29, 2012

						Pro Forma Adjustments
(in thousands)		Historical CMC				Sisak Disposition (a)				Other				Pro Forma CMC
Assets
Current assets:
Cash and cash equivalents		$	216,182			$	(8,511	)		$	15,044	(b)		$	222,715
Accounts receivable, net			862,942				—				3,110	(c)			866,052
Inventories			880,288				—				—				880,288
Other			290,066				(46,345	)			16,597	(d)			260,318
Total current assets			2,249,478				(54,856	)			34,751				2,229,373
Net property, plant and equipment			1,024,095				—				—				1,024,095
Goodwill			77,410				—				—				77,410
Other assets			174,385				—				—				174,385
		$	3,525,368			$	(54,856	)		$	34,751			$	3,505,263
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable-trade		$	450,878			$	—			$	—			$	450,878
Accounts payable-documentary letters of credit			176,804				—				—				176,804
Accrued expenses and other payables			329,993				(32,475	)			2,500	(e)			300,018
Notes payable			48,871				—				—				48,871
Current maturities of long-term debt			3,870				—				—				3,870
Total current liabilities			1,010,416				(32,475	)			2,500				980,441
Deferred income taxes			1,412				—				—				1,412
Other long-term liabilities			107,174				—				—				107,174
Long-term debt			1,164,249				—				—				1,164,249
Stockholders’ equity attributable to CMC			1,241,959				(22,381	)			32,251	(f)			1,251,829
Stockholders’ equity attributable to noncontrolling interests			158				—				—				158
		$	3,525,368			$	(54,856	)		$	34,751			$	3,505,263

The accompanying notes are an integral part of this unaudited pro forma condensed consolidated balance sheet.

COMMERCIAL METALS COMPANY AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

YEAR ENDED AUGUST 31, 2011

(in thousands, except share and per share data)		Historical CMC				Sisak Disposition (g)				Pro Forma CMC
Net sales		$	7,918,430			$	55,085			$	7,863,345
Cost of goods sold			7,301,815				88,141				7,213,674
Xxxxxxx, general and administrative expenses			537,113				15,398				521,715
Impairment of assets			118,795				94,329				24,466
Interest expense			70,806				986				69,820
Total expenses			8,028,529				198,854				7,829,675
Earnings (loss) from continuing operations before taxes			(110,099	)			(143,769	)			33,670
Income taxes			19,328				1,760				17,568
Net earnings (loss) from continuing operations			(129,427	)			(145,529	)			16,102
Less net earnings attributable to noncontrolling interests			213				—				213
Net earnings (loss) from continuing operations attributable to CMC		$	(129,640	)		$	(145,529	)		$	15,889
Basic earnings (loss) per share from continuing operations attributable to CMC		$	(1.13	)						$	0.14
Diluted earnings (loss) per share from continuing operations attributable to CMC		$	(1.13	)						$	0.14
Average basic shares outstanding			114,995,616								114,995,616
Average diluted shares outstanding			114,995,616								116,111,123

The accompanying notes are an integral part of this unaudited pro forma condensed consolidated statement of operations.

COMMERCIAL METALS COMPANY AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

YEAR ENDED AUGUST 31, 2010

(in thousands, except share and per share data)		Historical CMC				Sisak Disposition (g)				Pro Forma CMC
Net sales		$	6,306,102			$	29,174			$	6,276,928
Cost of goods sold			5,911,065				59,692				5,851,373
Selling, general and administrative expenses			520,369				7,927				512,442
Impairment of assets			3,766				—				3,766
Interest expense			75,508				1,327				74,181
Total expenses			6,510,708				68,946				6,441,762
Loss from continuing operations before taxes			(204,606	)			(39,772	)			(164,834	)
Income taxes (benefit)			(38,118	)			25,099				(63,217	)
Net loss from continuing operations			(166,488	)			(64,871	)			(101,617	)
Less net earnings attributable to noncontrolling interests			236				—				236
Net loss from continuing operations attributable to CMC		$	(166,724	)		$	(64,871	)		$	(101,853	)
Basic loss per share from continuing operations attributable to CMC		$	(1.47	)						$	(0.90	)
Diluted loss per share from continuing operations attributable to CMC		$	(1.47	)						$	(0.90	)
Average basic shares outstanding			113,524,836								113,524,836
Average diluted shares outstanding			113,524,836								113,524,836

The accompanying notes are an integral part of this unaudited pro forma condensed consolidated statement of operations.

COMMERCIAL METALS COMPANY AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

YEAR ENDED AUGUST 31, 2009

(in thousands, except share and per share data)		Historical CMC				Sisak Disposition (g)				Pro Forma CMC
Net sales		$	6,409,376			$	45,359			$	6,364,017
Cost of goods sold			5,712,347				75,973				5,636,374
Xxxxxxx, general and administrative expenses			612,563				9,616				602,947
Impairment of assets			5,568				2,151				3,417
Interest expense			76,964				—				76,964
Total expenses			6,407,442				87,740				6,319,702
Earnings (loss) from continuing operations before taxes			1,934				(42,381	)			44,315
Income taxes (benefit)			747				(5,972	)			6,719
Net earnings (loss) from continuing operations			1,187				(36,409	)			37,596
Less net loss attributable to noncontrolling interests			(550	)			—				(550	)
Net earnings (loss) from continuing operations attributable to CMC		$	1,737			$	(36,409	)		$	38,146
Basic earnings per share from continuing operations attributable to CMC		$	0.02							$	0.34
Diluted earnings per share from continuing operations attributable to CMC		$	0.02							$	0.33
Average basic shares outstanding			112,391,180								112,391,180
Average diluted shares outstanding			113,880,375								113,880,375

The accompanying notes are an integral part of this unaudited pro forma condensed consolidated statement of operations.

COMMERCIAL METALS COMPANY AND SUBSIDIARIES

UNAUDITED NOTES TO THE PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Condensed Consolidated Balance Sheet

(a) The adjustments represent the historical elimination of CMC Sisak’s historical assets, liabilities and equity. As of February 29, 2012, CMC Sisak’s assets and liabilities were presented as held for sale and included in other current assets and accrued expenses and other payables.

(b) The adjustment represents the cash portion of the total proceeds received from the sale of Sisak of $27.3 million, less amounts used to retire the balance outstanding under CMC Sisak’s financing agreement and net liabilities not assumed by Danieli.

(c) The adjustment represents the deferred purchase price from the sale, which will be paid when certain conditions contained in the Agreement are met.

(d) The adjustment represents certain property, plant and equipment excluded from the Agreement of $13.2 million and the deferred tax asset of $3.4 million related to the estimated loss on sale of such assets. The excluded assets will continue to be classified as held for sale.

(e) The adjustment represents an accrual for one time nonrecurring transaction related costs, which will be included in the statements of operations of the Company within 12 months following the closing.

(f) The adjustment represents the above items and result in an estimated after-tax loss on sale of $6.3 million, which includes a pre-tax loss relating to currency translation of $16.2 million. The net effect on the balance sheet relating to the pre-tax currency translation loss is only the impact of taxes as both the retained earnings and accumulated other comprehensive income are components of stockholders’ equity. The estimated loss on sale may fluctuate based on changes in foreign currency rates on the closing date.

Condensed Consolidated Statements of Operations

(g) The adjustments eliminate the historical results of CMC Sisak as if the transactions occurred on September 1, 2009. In accordance with accounting principles generally accepted in the United States, the amounts eliminated do not include corporate overhead and intercompany interest, which for segment reporting purposes, had been allocated to CMC Sisak. The tax adjustment for the year ended August 31, 2011 relates to the tax impact on the previously mentioned allocations as CMC Sisak had a full valuation allowance on its deferred tax assets.