Commercial Metals Expects Margins On Steel Products To Experience Some Further Compression In Q2, However, Recent Price Announcements Should Support An Inflection And Improved Margins Going Forward
Portfolio Pulse from Benzinga Newsdesk
Commercial Metals Company (CMC) anticipates a compression in margins for steel products in Q2, but expects recent price announcements to lead to an inflection point and improved margins subsequently.
January 08, 2024 | 11:50 am
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Commercial Metals Company expects a short-term squeeze in steel product margins in Q2, but predicts an upward trend in margins following recent price announcements.
While CMC is expecting margin compression in the short term, which could negatively impact investor sentiment and stock price, the company's outlook suggests that this is a temporary situation. The anticipation of improved margins due to recent price announcements may mitigate negative reactions and keep the stock price stable in the short term.
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