Commercial Metals Sees Resilient Demand, Eyes Growth as Economic Uncertainty Eases -- Market Talk

Dow Jones

06/24

1223 ET - Construction and industrial activity, which drives consumption of Commercial Metals' finished steel products, was resilient during the quarter, CEO Peter Matt says on a call with analysts. "Despite concerns regarding tariffs and related economic uncertainty, we experienced an encouraging degree of stability across each of our key internal leading indicators, including project bids, new awards and backlog volumes," he says. Downstream bid volumes, which gauge construction pipelines, point to pent up demand that the company expects to unlock as economic uncertainty decreases and interest rates come down. Matt says the company is positioned to grow the current quarter, while long-term infrastructure investments should drive results over a multi-year period. Shares edge 0.7% higher. (connor.hart@wsj.com)

(END) Dow Jones Newswires

June 23, 2025 12:23 ET (16:23 GMT)

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Downstream bid volumes, which gauge construction pipelines, point to pent up demand that the company expects to unlock as economic uncertainty decreases and interest rates come down. Matt says the company is positioned to grow the current quarter, while long-term infrastructure investments should drive results over a multi-year period. Shares edge 0.7% higher. 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Downstream bid volumes, which gauge construction pipelines, point to pent up demand that the company expects to unlock as economic uncertainty decreases and interest rates come down. Matt says the company is positioned to grow the current quarter, while long-term infrastructure investments should drive results over a multi-year period. Shares edge 0.7% higher. 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Downstream bid volumes, which gauge construction pipelines, point to pent up demand that the company expects to unlock as economic uncertainty decreases and interest rates come down. Matt says the company is positioned to grow the current quarter, while long-term infrastructure investments should drive results over a multi-year period. Shares edge 0.7% higher. (connor.hart@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  June 23, 2025 12:23 ET (16:23 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}