Construction boosts CMC outlook

Jan 07, 2013 | 03:03 PM | Michael Cowden

Tags  Commercial Metals, CMC, Joseph Alvarado, quarterly earnings, Trinecke Zelezarny, electric furnace, South Carolina mill, steel long products

CHICAGO — Commercial Metals Co. (CMC) expects better results in the year ahead as demand improves and cautious customers keep inventories low after fiscal first-quarter earnings were squeezed by economic uncertainty and an extended outage at its South Carolina mill.

"There is growing evidence of an emerging recovery in domestic construction end markets, which is encouraging for future quarters," CMC chairman, president and chief executive officer Joseph Alvarado said Monday in commentary released with the company’s quarterly earnings results.....

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