Steel Mills
October 27, 2017
CMC Calls for Trade Action on Imports
Written by Tim Triplett
Commercial Metals Co., a Texas-based long products producer and scrap recycler, reported a profitable fiscal 2017 despite imports of rebar and other products that continue to squeeze margins. CMC management is hopeful the company will get an assist from Washington in the coming year.
“The need for infrastructure renewal is overwhelming, but the issue is funding. The president has an agenda he laid out in the campaign. Assuming tax reform is accomplished, we are hopeful [an infrastructure plan] comes to fruition and creates additional demand,” CMC President and CEO Barbara Smith told investors and analysts during the company’s quarterly conference call.
