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EXHIBIT 10(iii)(g)


EMPLOYMENT CONTRACT


THIS CONTRACT is made and entered into on this 2nd day of January, 1998,
by and between


COMMERCIAL METALS (INTERNATIONAL) AG, at Baarerstrasse 14, 6301 Zug,
Switzerland (hereinafter styled “Company”)


and Dr. Hanns Zöllner, Zimmelstr. 68, 6314 Unterägeri, Switzerland
(hereinafter styled “Employee”)



WITNESSETH



WHEREAS, the Company is duly incorporated and existing under the laws of
Switzerland;


WHEREAS, the Company desires
to retain the services of the Employee;


WHEREAS, the Employee desires to perform services for the Company;


and


WHEREAS, the Company has determined what a reasonable compensation will be
for the Employee and has offered to the Employee continuing employment in
consideration of such compensation and other benefits of employment, and the
Employee is willing to accept continuing employment under the terms hereof;


NOW, THEREFORE, for and in consideration of the mutual covenants and promises
herein contained, the parties agree as follows:




	1.	 	Employment
	 
	 	 	The Company hereby continues to employ the Employee and the Employee
hereby accepts continued employment from the Company under the terms and
conditions herein specified.
	 
	2.	 	Term
	 
	 	 	The term of this employment agreement will continue for 96 months from
2nd January, 1998, thereafter and after expiration of the 96 months’
period for an unspecified period of time unless either party gives
notice to the other party to terminate the employment in accordance with
the conditions of the “Schweizerischen Obligationenrecht”.




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	2a.	 	Termination Clause
	 
	 	 	In the event that the Company wishes to terminate the employment of
the employee prior to the expiration of the first 96 months and
for

  other reasons than stipulated in Clause 9, the Company shall pay to
the employee a severance payment as follows:




	 	(i)	 	Up until 31 December, 2000, two years (24 months)
salary based on the salary at time of termination.
	 
	 	(ii)	 	From 1 January, 2001 - 31 December, 2005, one year (12
months) salary based on the salary at time of termination.





	 	 	This Termination Clause is not valid should the company wish the
employee to relocate to a Western country location where CMC has an
office such as Dallas, New York, London, Sydney or similar cities and
the employee without good reason chooses not to relocate.
	 
	3.	 	Compensation
	 
	 	 	For all services rendered by the Employee under this contract, the
Company shall pay to the Employee SFr. 380,000 per year in 12 equal
monthly installments. The said salary may be increased, but not
decreased, as the Company may from time to time determine. In
addition, the Employee may be paid cash bonuses in such amount and at
such times and on such basis as the Company may from time to time, at
its sole and absolute discretion, determine.
	 
	3a.	 	Special Discretionary Bonus
	 
	 	 	The Company will review the performance of the employee in July each
year and will recommend a Special Discretionary Bonus to be paid to
the employee for performance based on the employee’s contribution to
Commercial Metals Company (the Corporation).
	 
	 	 	The Corporation at its sole discretion will approve the Special
Discretionary Bonus in October of each year.
	 
	4.	 	Other Benefits
	 
	 	 	The Employee will continue to participate in the Pension Fund, and
Death and Disability Insurance as per the “Reglement der
Personalfürsorgestiftung der Commercial Metals Company, Zug”.
	 
	 	 	In addition, the Employee is covered by the Company’s Group Accident
Insurance. The Company pays all insurance premiums of the Group
Accident Insurance.




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	5.	 	Duties
	 
	 	 	The Employee is employed to exclusively perform services for the Company in
the Capacity as a Member of the management as further specified in a job
description. The Company shall have the power to determine not only what
specific duties shall be performed by the Employee, but also the means and
manner by which those duties shall be performed by the Employee. Additionally,
the Company shall have the power to determine when such services shall be
performed as well as to determine the days and hours during which the Employee
shall perform his duties; provided, however, that the Employee shall not be
compelled to work longer than a normal working week. The Employee will be
entitled to 20 working days paid holidays per year which should be taken in
agreement with the requirements of the Company.
	 
	6.	 	Title
	 
	 	 	The Employee will have the titles of Managing Director of Commercial Metals
(International) AG, and Managing Director of CMC Trading AG, and will report
directly to the President – International Division of Commercial Metals
Company.
	 
	7.	 	Exclusive Service
	 
	 	 	The Employee shall devote his full time and attention to the performance of
his services to and for the Company. He shall carry out such duties in a
manner that best serves the interests of the Company – a determination which is
to be made by the Company at its sole and absolute discretion – and faithful
compliance with all policies, standards, regulations and rules of the
Company now or hereafter promulgated.
	 
	8.	 	Non Compete Covenant
	 
	 	 	As Executive Officer the Employee will be privy to the names of customers and
to trade secrets. The use of this knowledge after termination of the
employment could cause substantial damages to the Company.
	 
	 	 	The Employee hereby undertakes that after the termination of the employment by
the Employee, he will not within two years after termination solely or jointly
with any other person whether as principal, agent, director, executive officer,
employee, shareholder, partner, joint venture, member, adviser, consultant or
otherwise howsoever directly or indirectly be engaged, involved in the Canton
of Zug, Zurich, Baselland, Baselstadt, Luzern, Genf, Tessin, Waadt, where the
main competitors of the Company are domiciled, be associated with any trade or
business trading in iron, steel, steel semi-finished products and/or steel
finished products and aluminium and aluminium semi-finished products and be
engaged in project financing and financial services in competition with the
Company or any of its related corporations.
	 
	 	 	The Employer can demand restitution of damages caused and can demand
the termination of the infringements of this Non Compete Covenant.




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	9.	 	Involuntary Termination
	 
	 	 	  This contract shall be deemed to be terminated and the employment
relationship between the Employee and the Company shall be deemed

  to be terminated upon occurrence of any of the following:





	 	A)	 	Upon the death of the Employee, during employment, as laid
down in the “Schweizerischem Obligationenrecht”.
	 
	 	B)	 	The Employee refuses to faithfully and diligently perform the
usual customary duties of his employment and to adhere to provisions of this contract.
	 
	 	C)	 	The Employee fails or refuses to comply with the reasonable
policies, standards, regulations and rules of the Company, which
from time to time may be established.
	 
	 	D)	 	The Employee conducts himself in an unethical, immoral
or fraudulent manner, or in a manner that is contrary to the
Policy of Business Conduct of the Commercial Metals Company and
its subsidiaries; or is found guilty of unethical conduct by any
board, institution or organisation having any privilege, right or
jurisdiction to pass judgement upon the conduct of the Employee;
or the Employee’s conduct discredits the Company or is
detrimental to the reputation, character and standing of the
Company.
	 
	 	E)	 	The Company or the Employee terminates the employment for
reasons as stipulated in Article 337 of the “Schweizerischem
Obligationenrecht”.





	10.	 	Relationship of the Parties
	 
	 	 	The parties recognize that the Company shall be responsible for the
management of its business affairs, and that the relationship between
the Company and the Employee shall be that of an employer and an
employee. All fees, compensation and other things of value, charged by
the Company and received or realized as a result of the rendering of
services by the Employee shall belong to and be paid and delivered
forthwith to the Company by the Employee.
	 
	11.	 	All other conditions of this employment are subject to the
conditions of the “Schweizerischem Obligationenrecht”.



IN WITNESS WHEREOF, the parties hereto have set their hands on the day,
month and year first above written.



	 	 	 	 	 
	 
	 	COMMERCIAL METALS (INTERNATIONAL) AG
	 
	 	 	 	 
	/s/
DR. HANNS ZÖLLNER

	 	/s/ MURRAY MCCLEAN
	 	 
	
 

	 	
 	 	 
	Dr. Hanns Zöllner

	 	Murray McClean,

CHAIRMAN	 	 








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