SOURCE: Industrial Info Resources

Industrial Info Resources

June 23, 2010 05:15 ET

Commercial Metals Reports Overall Loss for Third-Quarter 2010, but Sees Improving Future, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - June 23, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Commercial Metals Company (NYSE:CMC) (Irving, Texas), a major market steel and metal products firm, reported an overall loss in net earnings for the third quarter of 2010, although it was a smaller loss when compared to the same period last year, from which net sales improved. The company saw a loss of $8.83 million, compared to a loss of $13.08 million in the third quarter of 2009. Industrial Info is tracking three active Commercial Metals projects in the U.S. that are worth a total of about $40 million, including a $30 million expansion to a steel mill in Cayce, South Carolina.

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