Exhibit 99.1

         COMMERCIAL METALS COMPANY ANNOUNCES EXPIRATION OF TENDER OFFER

         Dallas -- November 7, 2003 -- Commercial Metals Company (NYSE: CMC),
headquartered in Irving, Texas, today announced the expiration of its offer to
purchase for cash any and all of its outstanding 7.20% Notes due 2005 (the
"Notes"). The tender offer expired at 12:00 p.m. (noon), New York City time,
November 7, 2003.

         As of the expiration of the offer, a total of $89 million in aggregate
principal amount of Notes had been tendered for purchase, representing
approximately 89% of the aggregate outstanding principal amount. Assuming a
settlement date of November 12, 2003, the purchase price is $1,078.40 per $1,000
principal amount of Notes plus accrued interest on the Notes up to, but
excluding, the date of payment. Goldman, Sachs & Co. acted as dealer-manager for
the tender offer. Mellon Investor Services LLC served as information agent and
tender agent.

         Commercial Metals Company and subsidiaries manufacture, recycle and
market steel and metal products, related materials and services through a
network including 4 steel minimills, 30 steel fabrication plants, a castellated
and cellular beam fabricating plant, 5 steel joist plants, 4 steel fence post
manufacturing plants, 2 heat treating plants, a railcar rebuilding facility, 28
construction-related product warehouses, a railroad salvage company, a copper
tube mill, 44 metal recycling facilities and 16 marketing and distribution
offices in the United States and in strategic overseas markets.

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Contact:        Bill Larson
                Vice President & Chief Financial Officer
                214.689.4325
                www.commercialmetals.com

2004-07