Commercial Metals expects ‘strong’ financial performance in Q4

Smith said, “We expect financial performance to remain strong during the fourth quarter of fiscal 2023. North America finished steel product shipments are anticipated to be consistent with the third quarter, supported by healthy end market demand and our historically high downstream backlog. Margin levels in North America should be similar to the third quarter. Results in our Europe segment are expected to be relatively unchanged from the third quarter, reflecting continued economic uncertainty. CMC will leverage its market leading cost position to maintain profitability in Europe within this challenging backdrop.”