Commercial Metals Company Common Stock (CMC)

EQNX::TICKER_START (NASDAQGWAV),NYSE:CMCNYSECMC)(NYSE:AANYSEAA,(NYSE:LICYNYSE),(NASDAQ:LKQLKQ) EQNX::TICKER_END

Commercial Metals Company (NYSECMC) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 1.58% on the day to $42.46.

Cleveland-Cliffs may have lost the latest popularity contest in the sector. However, these technical and fundamental drivers may turn that around.

PALM BEACH, Fla., June 18, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The scrap metal markets are projected to continue to grow in the coming years. Scrap metals collected from various sources are raw materials used in metal recycling. Scrap metals are separated and processed several times to yield recycled metals. A report from Precision Reports said that the global Metal Recycling market was valued at US$ 292860 million in 2023 and is anticipated to reach US$ 386740 million by 2030, witnessing a CAGR of 3.6% during the forecast period 2024-2030. The report said: “Metal recycling is the process of collecting, processing, and reusing or remanufacturing metal materials from various sources, such as discarded products, industrial waste, and construction materials. Recycling metals helps conserve natural resources, reduce energy consumption, and minimize environmental impacts associated with mining and metal production.”   Precision Reports concluded: “Overall, metal recycling is a sustainable practice that plays a vital role in reducing waste, conserving resources, and mitigating environmental impacts. It is an essential component of the circular economy, where materials are continuously reused and recycled to minimize waste and promote sustainability.”   Active companies in the markets this week include Greenwave Technology Solutions, Inc. (NASDAQGWAV), Commercial Metals Company NYSE: CMCNYSECMC)(NYSE: AANYSEAA, Li-Cycle Holdings Corp. (NYSE: LICYNYSE), LKQ Corporation (NASDAQ: LKQLKQ).

LEXINGTON, Ky., July 17, 2023 (GLOBE NEWSWIRE) -- MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, today announced the sale of its portfolio company EDSCO Fasteners (“EDSCO” or “the Company”) to Commercial Metals Company (NYSECMC) (“CMC”). EDSCO is a market leading manufacturer of mission-critical anchor bolts, fasteners, and specialty-fabricated anchoring products used in critical infrastructure applications.

Vertically integrated steel and metal products manufacturer Commercial Metals Co. (NYSECMC) benefits from the infrastructure spending tailwinds. Commercial

Acuity Brands shines a light on margin improvement and robust cash flows that allow for share repurchases, dividends, and acquisitions.

Schnitzer Steel had a tepid quarter but signs of strength are emerging that should sustain growth next year and the year after.

Commercial Metals Company has a solid quarter with sequential improvement in cost and margin that bodes well for capital returns.

Commercial Metals Company and Worthington Industries are steel companies worth looking into now that share prices are on the move.

Tensar Corporation (“Tensar”), a global leader in geogrid engineered solutions for civil construction, and a portfolio company of Castle Harlan Inc.’s fund Castle Harlan Partners V, L.P., announced today it has entered into a definitive agreement to be acquired by Commercial Metals Company (NYSECMC) (“CMC”), as part of CMC’s strategy to expand its leadership in construction solutions.

Palm Beach, FL – August 18, 2021 – FinancialNewsMedia.com News Commentary – The rapid industrial development, high population growth, and rapid urbanization of a growing number of regions globally have led to increased pollution and waste levels. Every day, solid waste disposal for governments and local authorities becomes a significant challenge.  The population upsurge, economic progress that has rapidly accelerated urbanization and changed public living standards have resulted in an increase in municipal solid waste production and a growing need to recycle solid waste into eco-friendly byproducts.  Recycled product certification (RPC) which provides verified information on recycled products’ quality, performance, environmental friendliness, and safety have become vitally important in recent time.  An RPC that is awarded following material testing, plus quality control, can increase the adoption of recycled materials for a growing number of developmental uses and applications.   For example, the main chemical constituents of iron tailings are aluminum, silicon, calcium and magnesium oxides.  The content of aluminum and silicon is high, and most of them are non-metallic minerals, which are very similar to building materials and this can also provide the precondition for the application of iron tailings in building materials industry.  At present, China’s iron tailings have achieved remarkable results in the application of building materials, mainly in making bricks, as road building materials, preparing cement and concrete.  Active stocks in the markets this week include ReTo Eco-Solutions, Inc. (NASDAQRETO), Covanta Holding Corporation NYSE: CVANYSECVA)(NYSE: CMCNYSECMC, Schnitzer Steel Industries, Inc. (NASDAQ: SCHNNASDAQ), Stericycle, Inc. (NASDAQ: SRCLSRCL).