Commercial Metals Applauds Preliminary Ruling Against Algerian Rebar

Rhea-AI Summary

{"summary":"","positive":[],"negative":[],"faq":[]}

News Market Reaction

-0.19%

1 alert

-0.19% News Effect

On the day this news was published, CMC declined 0.19%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Anti-dumping margin: 127% Final ruling window: 75 days Petition date: June 2025 +2 more

5 metrics

Anti-dumping margin 127% Applied to all U.S. imports of Algerian rebar

Final ruling window 75 days Expected timing for Department of Commerce final determination

Petition date June 2025 Trade petition filed by U.S. domestic rebar industry

CVD prelim rulings January 2026 Expected preliminary countervailing duty decisions for Egypt, Vietnam, Algeria

AD prelim rulings March 2026 Expected preliminary antidumping decisions for Egypt, Vietnam, Bulgaria

Market Reality Check

Price: $82.97 Vol: Volume 1,462,571 is 1.46x...

normal vol

$82.97 Last Close

Volume Volume 1,462,571 is 1.46x the 20-day average of 1,003,734, indicating elevated trading interest ahead of this ruling. normal

Technical Shares at $69.62 are trading above the 200-day MA of $53.44 and sit 3.29% below the 52-week high of $71.99.

Peers on Argus

CMC slipped 0.54% with elevated volume while key peers showed mixed, modest move...

CMC slipped 0.54% with elevated volume while key peers showed mixed, modest moves: TX -0.98%, CLF -0.92%, GGB +0.27%, SIM 0%, RS +0.24%, suggesting a company-specific narrative.

Historical Context

5 past events · Latest: Dec 15 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 15	M&A completion	Positive	-0.3%	Closed $1.84B Foley Products acquisition expanding precast concrete platform.
Dec 10	ESG recognition	Positive	+5.1%	Named to Newsweek's America's Most Responsible Companies 2026 list.
Dec 08	Earnings call notice	Neutral	-0.9%	Announced webcast details for Q1 FY 2026 earnings conference call.
Dec 01	M&A completion	Positive	-0.8%	Closed $675M CP&P acquisition, broadening precast footprint in Mid-Atlantic and South.
Nov 26	Debt financing	Neutral	-0.2%	Issued $2,000M senior notes to fund Foley deal and corporate purposes.

Pattern Detected

Strategic acquisitions and financing have recently been followed by mild share declines, while reputation-focused recognition produced a stronger positive move.

Recent Company History

Over the past month, CMC closed two major precast acquisitions for $675 million and $1.84 billion, plus a $2,000 million senior notes offering to fund growth. These strategically positive steps saw modest negative price reactions. Recognition on Newsweek’s 2026 responsibility list drove a 5.12% gain, underscoring investor appreciation for ESG milestones. Today’s favorable trade ruling adds a policy tailwind on top of this expansion and recent balance sheet activity.

Market Pulse Summary

This announcement highlights a preliminary Department of Commerce finding that Algerian rebar was un...

Analysis

This announcement highlights a preliminary Department of Commerce finding that Algerian rebar was unfairly dumped into the U.S., triggering a 127% anti-dumping margin on those imports. For CMC, this supports domestic pricing and capacity utilization, while additional rulings on Egypt, Vietnam, and Bulgaria in early 2026 could further shape the rebar trade landscape. Investors may watch how final determinations and any related challenges evolve over the next 75 days.

Key Terms

anti-dumping margin, countervailing duty investigations, antidumping duty investigations

3 terms

anti-dumping margin regulatory

"an anti-dumping margin of 127% will be immediately applied"

An anti-dumping margin is the extra duty charged by a government on imported goods when those goods are sold abroad at prices below the exporter’s home-market value or production cost. For investors, it matters because this surcharge can raise costs for importers, cut sales or profit margins for exporters, and alter supply and local prices—like adding a targeted sales tax that changes who can competitively sell a product in a market.

countervailing duty investigations regulatory

"for the countervailing duty investigations covering Egypt, Vietnam, and Algeria"

A countervailing duty investigation is a government review to determine whether foreign producers or their governments are giving unfair financial help—like subsidies—that let them sell goods cheaper than normal, and whether extra import taxes should be applied to offset that advantage. For investors, the outcome can raise costs for companies that rely on those imports, disrupt supply chains and change profit margins, much like a referee adding penalties when one team gets illegal help.

antidumping duty investigations regulatory

"for the antidumping duty investigations covering Egypt, Vietnam, and Bulgaria"

Government probes that check whether imported goods are being sold in the domestic market at unfairly low prices—below their normal value or below cost—and, if so, can lead to extra tariffs or restrictions. Think of it like a referee investigating suspected price-cheating: the outcome can raise costs for importers, protect local producers, disrupt supply chains and competitiveness, and therefore affect company profits and stock prices.

AI-generated analysis. Not financial advice.

IRVING, Texas, Dec. 19, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") applauds the preliminary ruling issued by the Department of Commerce recognizing that rebar originating from Algeria has been unfairly dumped into the United States market.  As a result of this finding, an anti-dumping margin of 127% will be immediately applied to all rebar sourced from Algeria and entering the domestic market. A final determination from the Department of Commerce, which could alter this margin rate, is expected to be issued within the next 75 days. Yesterday's announcement is related to a trade petition filed by the U.S. domestic rebar industry in June 2025.  In addition to Algeria, the petition included allegations of injury from steel producers located in Bulgaria, Egypt, and Vietnam.  Preliminary rulings from the Department of Commerce with respect to the other ongoing investigations are expected in January 2026 for the countervailing duty investigations covering Egypt, Vietnam, and Algeria, and in March 2026 for the antidumping duty investigations covering Egypt, Vietnam, and Bulgaria. 

"I would like to thank the Department of Commerce for its defense of fair trade," said Peter Matt, President and Chief Executive Officer.  "This ruling helps protect domestic steelmakers, and more importantly, the hardworking men and women that make our industry worldclass, from the disruptive and unfair practices that Algerian producers have displayed for years."

About CMC

CMC is an innovative solutions provider helping build a stronger, safer, and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe, we offer products and technologies to meet the critical reinforcement needs of the global construction sector. CMC's solutions support early-stage construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission.

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the federal securities laws, including, without limitation,  our future growth prospects and our expectations or beliefs concerning future events. The statements in this news release that are not historical statements, are forward-looking statements. These forward-looking statements can generally be identified by phrases such as we or our management "expects," "anticipates," "believes," "estimates," "future," "intends," "may," "plans to," "ought," "could," "will," "should," "likely," "appears," "projects," "forecasts," "outlook" or other similar words or phrases, as well as by discussions of strategy, plans or intentions.

The Company's forward-looking statements are based on management's expectations and beliefs as of the time this news release was prepared. Although we believe that our expectations are reasonable, we can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, new information or circumstances or any other changes. Important factors that could cause actual results to differ materially from our expectations include those described in our filings with the U.S. Securities and Exchange Commission, including, but not limited to, in Part I, Item 1A, "Risk Factors" of our annual report on Form 10-K for the fiscal year ended August 31, 2025, as well as the following: changes in economic conditions which affect demand for our products or construction activity generally, and the impact of such changes on the highly cyclical steel industry; rapid and significant changes in the price of metals, potentially impairing our inventory values due to declines in commodity prices or reducing the profitability of downstream contracts within our vertically integrated steel operations due to rising commodity pricing; excess capacity in our industry, particularly in China, and product availability from competing steel mills and other steel suppliers including import quantities and pricing; the impact of geopolitical conditions, including political turmoil and volatility, regional conflicts, terrorism and war on the global economy, inflation, energy supplies and raw materials; increased attention to environmental, social and governance ("ESG") matters, including any targets or other ESG, environmental justice or regulatory initiatives; operating and startup risks, as well as market risks associated with the commissioning of new projects could prevent us from realizing anticipated benefits and could result in a loss of all or a substantial part of our investments; impacts from global public health crises on the economy, demand for our products, global supply chain and on our operations; compliance with and changes in existing and future laws, regulations and other legal requirements and judicial decisions that govern our business, including increased environmental regulations associated with climate change and greenhouse gas emissions; involvement in various environmental matters that may result in fines, penalties or judgments; evolving remediation technology, changing regulations, possible third-party contributions, the inherent uncertainties of the estimation process and other factors that may impact amounts accrued for environmental liabilities; potential limitations in our or our customers' abilities to access credit and non-compliance with their contractual obligations, including payment obligations; activity in repurchasing shares of our common stock under our share repurchase program; financial and non-financial covenants and restrictions on the operation of our business contained in agreements governing our debt; our ability to successfully identify, consummate and integrate acquisitions and realize any or all of the anticipated synergies or other benefits of acquisitions; the effects that acquisitions may have on our financial leverage; risks associated with acquisitions generally, such as the inability to obtain, or delays in obtaining, required approvals under applicable antitrust legislation and other regulatory and third-party consents and approvals; lower than expected future levels of revenues and higher than expected future costs; failure or inability to implement growth strategies in a timely manner; the impact of goodwill or other indefinite-lived intangible asset impairment charges; the impact of long-lived asset impairment charges; currency fluctuations; global factors, such as trade measures, military conflicts and political uncertainties, including changes to current trade regulations, such as Section 232 trade tariffs and quotas, tax legislation and other regulations which might adversely impact our business; availability and pricing of electricity, electrodes and natural gas for mill operations; our ability to hire and retain key executives and other employees; competition from other materials or from competitors that have a lower cost structure or access to greater financial resources; information technology interruptions and breaches in security; our ability to make necessary capital expenditures; availability and pricing of raw materials and other items over which we exert little influence, including scrap metal, energy and insurance; unexpected equipment failures; losses or limited potential gains due to hedging transactions; litigation claims and settlements, court decisions, regulatory rulings and legal compliance risks, including those related to the Pacific Steel Group litigation and other legal proceedings; risk of injury or death to employees, customers or other visitors to our operations; and civil unrest, protests and riots.

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SOURCE Commercial Metals Company