Unknown Analyst's questions to Commercial Metals Co (CMC) leadership • Q1 2025
Question
An analyst from BNP asked about the demand timeline for highway and housing projects and whether anticipated rebar demand could absorb new supply capacity coming online.
Answer
Executive Peter Matt explained that demand from highway and infrastructure projects is already strong and expected to last for the next 3-5 years. He noted residential construction is forecasted for a slight uptick in 2025 and a stronger one in 2026. Matt expressed confidence that the market can absorb new capacity, as much of CMC's and competitors' additions are replacing older facilities, and underlying demand is projected to grow by over 1 million tons.