News Snapshot:
Commercial Metals Company (CMC) launches the steel reporting season with its fourth-quarter earnings on Thursday. Fellow steelmakers have given mixed signals about what to expect from upcoming reports amid falling steel prices and uncertainty around China's economy. CMC stock dropped early Wednesday. X Last month, Nucor (NUE), the leading electric arc furnace steelmaker, warned that profit will lag estimates in Q3. Meanwhile, Steel Dynamics (STLD) increased its third-quarter earnings estimates to above Wall Street expectations. Steel Dynamics reports Q3 earnings on Oct. 19 and Nucor is expected to announce its quarterly financials on Oct. 20. In recent months, steel industry...
