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Steel Dynamics10-Q: Inflation impact

Metals recycling operating income fell 9% in Q2 due to rising steel input costs.

What happened

The metals recycling segment is experiencing significant margin pressure, with a 13% decrease in metal spread in H1 2026.

Source

SEC EDGARJul 28, 2026

Quarterly report (Form 10-Q)

Steel Dynamics 10-Q

Filing excerpt

Metal spread compression resulted in operating income decreasing 9% to $84.6 million in the second quarter 2026, compared to $93.1 million in the same period in 2025.

sec.gov/Archives/edgar/data/1022671/000110465926087414/stld-20260630x...Read the full source

Other signals in this filing (9)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Inflation impact

What this signalsFilings often name leadership changes, deals and spending plans.

Filed
Jul 28, 2026

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The full record

From the Signal API record

Numbers

Percent
9% (decrease in metals recycling operating income in Q2 2026 vs Q2 2025)

Details

CIK
1022671
Accession number
0001104659-26-087414
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Efficiency tools needed
Signal category
Operations

Extraction

Confidence
High
Relevance
80%
Sentiment
Negative
Detected
Aug 4, 2026
signal_type
sec-10q
signal_subtype
inflationImpact

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This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/a227570a-0ca7-49fe-889b-56ac6666db40 returns this record as JSON. POST /v1/companies/enrich returns every signal for steeldynamics.com.

{
  "signal_id": "a227570a-0ca7-49fe-889b-56ac6666db40",
  "signal_type": "sec-10q",
  "signal_subtype": "inflationImpact",
  "detected_at": "2026-08-04T07:04:17.326+00:00",
  "company": {
    "name": "Steel Dynamics",
    "domain": "steeldynamics.com"
  },
  "data": {
    "detail": "The metals recycling segment is experiencing significant margin pressure, with a 13% decrease in metal spread in H1 2026. This creates an urgent need for solutions that can improve operational efficiency, reduce input costs, or optimize procurement and pricing to protect profitability.",
    "metrics": {
      "pct": 0.09,
      "timeframe": "current_quarter",
      "pct_context": "decrease in metals recycling operating income in Q2 2026 vs Q2 2025"
    },
    "summary": "Metals recycling operating income fell 9% in Q2 due to rising steel input costs.",
    "excerpts": "Metal spread compression resulted in operating income decreasing 9% to $84.6 million in the second quarter 2026, compared to $93.1 million in the same period in 2025.",
    "relevance": 0.8,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1022671/000110465926087414/stld-20260630x10q.htm",
    "filing_date": "2026-07-28",
    "filing_year": 2026,
    "fiscal_year": 0,
    "sales_relevance": "Efficiency tools needed",
    "signal_category": "operations"
  }
}

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