Steel Dynamics Provides Third Quarter 2026 Earnings Guidance
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FORT WAYNE, Ind., Sept. 17, 2026 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided third quarter 2026 earnings guidance in the range of $5.34 to $5.38 per diluted share. Comparatively, the company's sequential second quarter 2026 earnings were $3.69 per diluted share, and prior year third quarter earnings were $2.74 per diluted share. Third quarter 2026 profitability from the company's steel operations is expected to be significantly higher than sequential second quarter results, driven by metal margin expansion across the platform and record shipments. The company expects average realized steel selling values to increase in combination with lower scrap costs. Steel customer order activity remains strong, supported by solid underlying demand and persistently low customer inventories, which continue to support favorable pricing conditions. Steel demand across key end markets remains solid, led by non-residential construction, energy, automotive, and industrial sectors. Third quarter 2026 earnings from the company's metals recycling operations are expected to be lower than sequential second quarter results, due to lower metal spreads and modestly lower shipments. The company expects third quarter 2026 earnings from its steel fabrication operations to improve modestly from sequential second quarter results, supported by stronger shipments, which more than...
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