CMC not looking so hot

Commercial Metals (CMC) was the latest US steel mill to suffer Wall Street’s negative expectations for the segment. The company’s share price has fallen 11.57% over the last five trading days; down from $48.47 on Oct. 12 to $42.81 on Oct. 16.  The mill’s fiscal fourth quarter net earnings were $184.2-million on net sales of $2.2-billion, compared to prior year…


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