Steel Dynamics Provides Third Quarter 2026 Earnings Guidance

Steel Dynamics, Inc. has issued guidance for the third quarter of 2026, projecting earnings between $5.34 and $5.38 per diluted share. This represents a significant increase from the second quarter of 2026 ($3.69 per diluted share) and the third quarter of 2025 ($2.74 per diluted share). The company anticipates higher profitability in its steel operations due to expanded metal margins and record shipments, supported by strong customer order activity and demand in key sectors like non-residential construction, energy, automotive, and industrial markets. Metals recycling operations are expected to see lower earnings compared to the previous quarter, while steel fabrication operations are projected to improve modestly. The aluminum operations are expected to improve significantly, with progress on the new aluminum flat rolled products mill. The company has also repurchased approximately $261 million of its common stock in the third quarter of 2026. Steel Dynamics plans to release its full third quarter 2026 earnings on October 19, 2026.