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Commercial Metals 2Q Sales Fall as Winter Weather Weighs on Shipments

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Update time : 2023-03-23 19:51:56

Commercial Metals Co. posted lower sales for the fiscal second quarter as steel prices dropped and

stormy winter weather weighed on shipments.

The Irving, Texas-based steelmaker reported net income of $179.8 million, or $1.51 a share, for the three months ended Feb. 28, down from $383.3 million, or $3.12 a share, in the same...

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