10 Best Steel Stocks to Buy According to Billionaires

6. Commercial Metals Company (NYSE:CMC)

Number of Billionaire Investors: 8

Commercial Metals Company (NYSE:CMC) is a global steel and metal producer, recycler, and fabricator with sites across North America and Europe. The company makes long steel products like rebar and merchant bars, catering to the infrastructure, industrial, and residential construction sectors.

Despite solid operations, Commercial Metals Company (NYSE:CMC) reported a $175.7 million net loss in Q1 2025, ended November 30, 2024, mainly from a $264 million after-tax litigation charge. Excluding this, adjusted earnings stood at $88.5 million, or $0.78 per share. Quarterly revenue reached $1.9 billion, while core EBITDA totaled $210.7 million, showing an 11% EBITDA margin.

North American steel units faced price pressures due to market fluctuations, though rebar demand stayed firm. Meanwhile, CMC’s European steel division returned to profit, helped by an annual CO2 credit allocation, but excess German imports affected margins.

Commercial Metals Company (NYSE:CMC) is growing its production capacity to boost its market standing. The Arizona 2 micro-mill is scaling up to make 350,000 tons of rebar and 150,000 tons of merchant steel annually. The company is also building a new steel plant in West Virginia to expand in the Northeast, where it had little presence.

For the near future, Commercial Metals Company (NYSE:CMC) expects a 5-10% seasonal rise in steel shipments between Q1 and Q2 of the fiscal year 2025. Infrastructure backlogs and residential projects will drive long-term demand, yet European operations face structural issues and market uncertainty delays new contracts, pushing down steel prices. Despite this, Commercial Metals Company ranks as one of the best steel stocks.