IRVING, Texas, Dec. 12, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today published its sustainability report for 2024, showcasing the company's industry-leading environmental performance.  2024 marks the tenth year of sustainability reporting for the Company.  The document, which can be found on CMC's sustainability website (https://esg.cmc.com/), includes progress updates regarding the environmental goals that were established in the Company's 2019 / 2020 report."The 2024 report highlights ...

IRVING, Texas, Dec. 5, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced that it has been recognized on Newsweek's list of America's Most Responsible Companies 2025. This prestigious award is presented by Newsweek in collaboration with Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list can be viewed on Newsweek's website."We are honored to have received this award for the third consecutive year and be counted among America's most respon ...

VANCOUVER, British Columbia, Nov. 27, 2024 (GLOBE NEWSWIRE) -- CMC Metals Ltd. (TSX-V: CMB) (Frankfurt: ZM5P) (“CMC” or the “Company”) is pleased to announce a new Mineral Resource Estimate (“MRE”) for its silver-lead-zinc Silver Hart Project (SHP), in Yukon, Canada. The new MRE totals an Inferred resource of 8.820 Moz @ 145.2 g/t silver equivalent (“AgEq”) in 1,889,000 tonnes utilizing a cut-off grade of 50 g/t AgEq (See table 1). This MRE has been prepared in accordance with the Canadian Securities Admini ...

VANCOUVER, British Columbia, Nov. 21, 2024 (GLOBE NEWSWIRE) -- CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5P)(“CMC” or the “Company”) is pleased to announce that it has identified additional high grade CRD-style silver-lead-zinc samples from trenches and a historic adit dump on its Amy Property in north-central British Columbia. Samples were collected from the 4200 level adit dump and surrounding area with grades up to 643 g/t silver, 18.76% lead, 8.3% zinc, and 9.7% manganese (see Figure 1). Overall in thre ...

VANCOUVER, British Columbia, Nov. 20, 2024 (GLOBE NEWSWIRE) -- CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5P) ("CMC" or the "Company") is pleased to report that it has entered into an option agreement ("Agreement") with Coeur Silvertip Holdings, Ltd. ("Coeur"), a subsidiary of Coeur Mining, Inc. (NYSE: CDE) on its Silverknife Property ("Property") in north-central British Columbia. The Agreement paves the way forward for Coeur to undertake a significant, multi-year exploration program on the Property. The Ag ...

With the market rocketing to all-time highs, it can feel like any stock you decide to invest in will go straight up. That could not be further from the case. There are copious risks still out there in the market. When the euphoria following the election wears off, the tide will come in. When the pullback arrives, you want to be ready to buy stocks with strong earnings trends on the dip. You’ll also want to avoid stocks which have seen their earnings move in the wrong direction.Today’s Bear of the Day is a s ...

MIAMI, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Longeveron Inc. (NASDAQ: LGVN), a clinical stage regenerative medicine biotechnology company developing cellular therapies for life-threatening and chronic aging-related conditions, today announced that it has appointed Devin Blass as Chief Technology Officer (CTO) and Senior Vice President of Chemistry, Manufacturing, and Controls (CMC), effective December 2, 2024. In this role, he will lead the Company’s technological and manufacturing strategies. “We are delighted ...

VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5N) (“CMC” or the “Company”) is pleased to announce the results of its 2024 Annual and Special General Meeting (“AGM”) of shareholders held on September 25, 2024. Shareholders approved all the resolutions detailed in the management information circular of the Company (the “Circular”), namely: Electing all the nominees to the Board of Directors of the Company.Appointing Manning Elliott LLP as auditor of t ...

IRVING, Texas, Nov. 5, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today issued a statement in response to the jury verdict reached in the Pacific Steel Group v. Commercial Metals Co. (N.D. Cal.) litigation. Pacific Steel Group ("Pacific Steel") filed this lawsuit claiming, among other things, various restraints on trade by CMC.  A trial on Pacific Steel's claims began on October 21st and concluded today with a verdict in favor of Pacific Steel in the amount of $110 million, which will be tre ...

Core Viewpoint - The Zacks Steel Producers industry is facing significant challenges due to a sharp decline in steel prices and soft demand, particularly in China, amid an economic slowdown [1][4][5]. Industry Overview - The Zacks Steel Producers industry serves various end-use sectors, including automotive, construction, and industrial machinery, with steel products such as hot-rolled and cold-rolled coils, reinforcing bars, and mechanical tubing [3]. - Steel is primarily produced using Blast Furnace and Electric Arc Furnace methods, with the construction sector being the largest consumer, accounting for approximately 50% of global steel consumption [3]. Current Challenges - U.S. steel prices have dropped over 40% from $1,200 per short ton at the beginning of 2024 to around $700 per short ton, influenced by oversupply, reduced demand, and economic uncertainties [4]. - China's steel demand has weakened due to a slowdown in the economy, particularly in the real estate sector, which constitutes about 40% of China's steel consumption [5]. Positive Trends - There is improved demand in the automotive sector, driven by a recovery from semiconductor shortages, and a resilient non-residential construction market, supported by government infrastructure initiatives [6]. - The energy sector is also seeing increased demand due to rising oil and gas prices, which bodes well for steel producers [6]. Industry Performance - The Zacks Steel Producers industry ranks 210, placing it in the bottom 16% of over 250 Zacks industries, indicating bleak near-term prospects [7]. - Over the past year, the industry has underperformed, losing 8.7%, while the S&P 500 rose by 31.5% [9]. Valuation Metrics - The industry is currently trading at an EV/EBITDA ratio of 8.79X, below the S&P 500's 19.16X and the sector's 12.15X, indicating potential undervaluation [10]. - Historically, the industry has traded between 2.78X and 12.72X over the past five years, with a median of 8.27X [11]. Company Highlights - **Steel Dynamics, Inc. (STLD)**: A leading steel producer benefiting from strong non-residential construction demand and ongoing capacity expansion projects [12]. The company has a Zacks Rank 3 and has outperformed earnings estimates in three of the last four quarters [13]. - **Commercial Metals Company (CMC)**: Focused on augmenting core capabilities and expanding market presence, CMC is implementing price increases across its products and has a strong liquidity position [14]. The company also holds a Zacks Rank 3 with an expected earnings growth rate of 12.6% for fiscal 2025 [14]. - **Companhia Siderurgica Nacional (SID)**: A major integrated steel producer in Brazil, benefiting from solid demand in the cement business and infrastructure investments, with an expected earnings growth rate of 416.7% for 2024 [15]. SID also carries a Zacks Rank 3 and has seen a significant upward revision in earnings estimates [15].