Commercial Metals traded at $72.75 this Thursday May 14th, increasing $2.42 or 3.44 percent since the previous trading session. Looking back, over the last four weeks, Commercial Metals gained 12.08 percent. Over the last 12 months, its price rose by 51.47 percent. Looking ahead, we forecast Commercial Metals to be priced at 69.49 by the end of this quarter and at 65.26 in one year, according to Trading Economics global macro models projections and analysts expectations.
Commercial Metals Company and its subsidiaries manufacture, recycle and fabricate steel and metal products, related materials and services. The Company manufactures steel and metal products through a network of facilities that includes seven electric arc furnace (EAF) mini mills, two EAF micro mills, a rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland. Its operations are conducted through two reportable segments: North America and Europe. The Company's North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. Its Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.