Commercial Metals Faces $330M Penalty in Antitrust Ruling, Impacting Future Financial Obligations

Commercial Metals Company has received an adverse ruling in the Pacific Steel Group litigation, with a US$330 million penalty related to exclusivity agreements in California's rebar market. This introduces uncertainty regarding CMC's future financial obligations and may reshape the competitive landscape in the steel and construction sectors. The ruling is the most significant near-term risk for CMC, overshadowing near-term improvements expected from ongoing strategic initiatives.