Commercial Metals Company Announces Plans To Build Its Third Micro Mill
Commercial Metals Company (CMC)
Last commercial metals company earnings: 3/19 06:45 am
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US:NYSE Investor Relations:
ir.cmc.com
Company Research
Source: PR Newswire
IRVING, Texas, Aug. 13, 2020 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced it will build its third micro mill. The mill will be the first in the world to produce merchant bar quality (MBQ) products through a continuous-continuous production process. The new facility will replace higher cost rebar capacity and allow CMC to more efficiently meet West Coast demand for rebar and MBQ products.Barbara R. Smith, Chairman of the Board, President and Chief Executive Officer of CMC, said, "We are excited by the tremendous promise of CMC's third micro mill. This is a smart growth initiative that feeds the large underlying West Coast demand for rebar and merchant bar, replacing inefficient existing rebar capacity with environmentally friendly technology. By monetizing the significant value associated with our Southern California real estate, this lowers the project's capital requirements and increases its returns. Offering bottom line growth and significant environment
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News
- Commercial Metals (NYSE: CMC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Commercial Metals (NYSE: CMC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- If You Invested $1000 in Commercial Metals 10 Years Ago, This Is How Much You'd Have Now [Yahoo! Finance]Yahoo! Finance
- These 5 Steel Stocks Are Showing Strength: A Price Chart Analysis. [Forbes]Forbes
- Commercial Metals Company (NYSE:CMC) Looks Interesting, And It's About To Pay A Dividend [Yahoo! Finance]Yahoo! Finance
CMC
Earnings
- 3/21/24 - Beat
CMC
Sec Filings
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- CMC's page on the SEC website