Commercial Metals’ Blowout Quarter Points to a Broader Turnaround in American Steel

Quick Read Commercial Metals (CMC) reported fiscal Q2 2026 revenue of $2.132B and net income of $93.03M, with North America Steel Group adjusted EBITDA surging 96.9% year-over-year on a $147 per ton improvement in steel product metal margin. The company’s $2.5B acquisition of CP&P and Foley Products closed in December 2025, with Construction Solutions Group revenue jumping 97.9% year-over-year and precast platform EBITDA expected to reach $165 to $175M annually. Nucor posted 34.2% quarterly earnings grow ...