More confidence needed for pickup: CMC's top exec

Jan 07, 2013 | 05:16 PM | Michael Cowden

Tags  Commercial Metals, Joe Alvarado, earnings, first quarter, construction, ABI, fiscal cliff, outlook private

CHICAGO — Solid evidence of a pickup in U.S. construction demand likely won’t be seen until February or March, after typical seasonal doldrums subside, Commercial Metals Co. (CMC) chairman, president and chief executive officer Joseph Alvarado said.
The winter months tend to put a damper on construction in much of North America, Alvarado said in an earnings call Monday. But continued solid showings from American Institute of Architects’ Architecture Billings Index (ABI) give the Irving, Texas-based steelmaker reason for cautious optimism, he added. ....

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