Commercial Metals Sees Stronger Q4 as Headwinds Reverse

Key Facts

1Commercial Metals stated that temporary Q3 headwinds are reversing, with backlog, pricing, and precast integration setting up a stronger fiscal fourth quarter.

After facing temporary headwinds in the fiscal third quarter, Commercial Metals Company (CMC) appears to be on a stronger footing. According to the Q3 earnings call reported by Zacks, those headwinds are now reversing, and backlog, strong pricing, and successful precast concrete integration are setting the stage for a stronger fiscal fourth quarter.

This optimism comes as CMC shares closed at $74.09 on June 25, 2026, rebounding from a session low of $72.12 and nearing the high of $74.41. The steel and construction materials sector has seen mixed pressures, but market data points to sustained demand in key end markets, supporting the positive outlook for the company's near-term performance.

Going forward, investor attention will focus on CMC's ability to convert its backlog into revenue in Q4. Technically, $72.12 serves as a support level while $74.41 acts as immediate resistance. The market will watch for continued improvement in orders and pricing, as well as further progress in precast integration to solidify the stronger quarter.