Stock markets’ three-day rally fizzled out, with benchmark indices Sensex and Nifty ending on a flat note amid a choppy trade on Thursday (November 13, 2025) as lacklusture sentiment across global equity markets fueled the outflow of foreign capital.After oscillating between gains and losses during the day, the 30-share BSE barometer Sensex ended with a slight gain of 12.16 points, or 0.01%, at 84,478.67. During the session, it touched a high of 84,919.43 and a low of 84,253.05.The broader NSE Nifty closed ...

Accessibility StatementSkip Navigation IRVING, Texas, Nov. 12, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") announced today that it has agreed to sell $1,000 million in aggregate principal amount of 5.75% Senior Notes due 2033 (the "2033 Notes") and $1,000 million in aggregate principal amount of 6.00% Senior Notes due 2035 (the "2035 Notes" and, together with the 2033 Notes, the "Notes") in an offering (the "Offering") exempt from the registration requirements of the ...

Core Insights - Friedman Industries reported a net earnings of $2.2 million for Q2 fiscal 2026, a significant recovery from a net loss of $0.7 million in the same quarter last year, with net sales increasing by 42.7% to $152.4 million [2][10] - The company experienced record sales volume, selling approximately 154,500 tons of inventory and 24,500 tons of toll-processed material, marking a 28% year-over-year increase [2][10] - The flat-roll segment was the primary growth driver, with sales rising 47.2% to $143.3 million and operating profit jumping 113.5% to $5.7 million [3][10] Financial Performance - The tubular segment saw a mixed performance, with sales declining 3.6% to $9 million, but the average selling price per ton increased by 15% to $1,185, resulting in a swing to operating income of $0.9 million from a loss of $0.6 million [4][10] - Operating expenses increased due to higher volumes and acquisition-related costs, with processing and warehousing expenses rising 15.3% to $9.1 million and delivery expenses increasing 32.6% to $7.1 million [5][10] - Earnings before income taxes improved to $2.9 million from a loss of $0.9 million, aided by effective risk management and lower interest expenses [6][10] Balance Sheet and Equity - Total assets rose to $311.3 million as of September 30, 2025, from $226.8 million in March 2025, while total stockholders' equity increased to $139.3 million [7] - Liabilities grew to $172 million, reflecting higher borrowings associated with the company's expansion and acquisition strategy [7] Strategic Direction - Management highlighted the quarter as a significant milestone, emphasizing record sales volume and improved capacity utilization [8] - The company is focused on a strategic transformation that combines organic growth with selective acquisitions and disciplined capital allocation, including ongoing dividends and opportunistic share repurchases [8][9] - The acquisition of Century Metals & Supplies is expected to enhance margins and growth, broadening the product portfolio and geographic reach [12] Future Outlook - For Q3 fiscal 2026, the company expects sales volumes to remain consistent with Q2 levels, with additional tonnage from the Century acquisition anticipated to offset seasonal softness [11] - Management projects a modest sequential improvement in margins, supported by expected increases in metals pricing [11]

Core Viewpoint - Commercial Metals Company (CMC) plans to offer $2,000 million in new senior unsecured notes to fund the acquisition of Foley Products Company and for general corporate purposes [1][3]. Offering Details - The final terms of the offering will be determined at the time of pricing, and the notes will rank equally with CMC's existing and future senior unsecured indebtedness [2]. - The offering is not contingent upon the closing of the Foley Acquisition, and if the acquisition is not completed by October 15, 2026, CMC will redeem the notes at 100% of the initial issue price plus accrued interest [4]. Use of Proceeds - The net proceeds from the sale of the notes will be used to fund the Foley Acquisition, transaction-related fees, and general corporate purposes [3]. Regulatory Compliance - The notes will be offered only to qualified institutional buyers and certain non-U.S. persons, and will not be registered under the Securities Act [4][5]. Company Overview - CMC is an innovative solutions provider in the construction sector, offering products and technologies to meet reinforcement needs across various applications [6].

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COLUMBUS, Ohio--(BUSINESS WIRE)--Worthington Steel, Inc. (NYSE: WS) announced today that it has earned the 2026 Military Friendly® Employer Gold designation. ...

Exclusive talks between ArcelorMittal and South Africa's biggest development finance institution have ended without a deal for the steelmaker's local unit, throwing its future into limbo https://t.co/RActKqQs04 ...

The S&P BSE Sensex fell 0.31% to 83,277.03, down 258 points, while the NSE Nifty 50 dropped 0.32% to 25,492.15 at the open. At around 10:40 AM, Sensex traded 388 pts or 0.46% lower at 83,148, whereas Nifty50 fell 114 pts or 0.46% to 25,457. On the Sensex, Bajaj Finserv, In the broader market, the Nifty Midcap 100 slipped 0.3%, while the Nifty Smallcap 100 eased 0.2%.Sectoral trends were largely negative, with all major indices in the red except Nifty Auto and Nifty IT, which edged higher by 0.3% and 0.4%, ...

November 10, 2025 06:18 PM GMT China Materials | Asia Pacific Trip Takeaways: Day 1 – Shanghai On Day 1 of our China trip, we met with copper, steel, battery, and lithium producers and experts. Lithium deficit in the picture for 2026: Demand is much better than expected from very strong energy storage systems (ESS). So the outlook for 2026 is now turning materially more positive in China than before, with expectation of a potential deficit in 2026 of 50-60kt LCE. For 2026, ESS battery shipments are expected ...

Flash | 06 Nov 2025 04:55:12 ET │ 9 pages China Materials 2025 On-ground Demand Monitor Series #159– Steel Inventory and Consumption Data CITI'S TAKE In this series of notes, we aim to track and analyze high-frequency on- ground demand trends in China. We note that market expectations of a demand recovery have been largely cautious. Our latest pecking order: copper > battery > gold > aluminum > cement > steel> lithium > thermal coal names. Production — According to data from Mysteel, from Oct 31 to Nov 6, t ...