Steel Dynamics Reports Second Quarter 2026 Results

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  "detected_at": "2026-07-20T20:30:00+00:00",
  "company": {
    "name": "Steel Dynamics",
    "domain": "steeldynamics.com"
  },
  "data": {
    "url": "https://www.prnewswire.com/news-releases/steel-dynamics-reports-second-quarter-2026-results-302829891.html",
    "title": "Steel Dynamics Reports Second Quarter 2026 Results",
    "excerpt": "FORT WAYNE, Ind. , July 20, 2026 /PRNewswire/ -- Second Quarter 2026 Performance Highlights: Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced second quarter 2026 financial results. The company reported second quarter 2026 net sales of $6.1 billion and net income of $534 million, or $3.69 per diluted share which was reduced by a $16 million non-cash asset impairment charge related to the decision to relocate the company's planned second satellite aluminum recycled slab center from Arizona to Columbus, Mississippi. Comparatively, the company's sequential first quarter 2026 net income was $403 million, or $2.78 per diluted share and prior year second quarter net income was $299 million, or $2.01 per diluted share. \"During the second quarter 2026 steel pricing continued to improve resulting in strong performance across our steel platform, driving a sequential quarterly increase in consolidated operating income of $162 million, or 30 percent,\" said Mark D. Millett, Chairman and Chief Executive Officer. \"Our metals recycling, steel fabrication, and aluminum teams also had a solid performance. Our three-year after-tax return-on-invested capital of 13 percent is a testament to our ongoing high-return capital allocation execution. We are growing, returning capital to shareholders, and maintaining strong returns with best-in-class performance compared to domestic manufacturers...",
    "summary": "Steel Dynamics reported a net income of $534 million for the second quarter of 2026.",
    "location": "Fort Wayne, Indiana, USA",
    "planning": false,
    "image_url": "https://mmx.prnewswire.com/media/MS595643/Steel-Dynamics-Logo.jpg?id=OA2772658&p=facebook",
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    "published_at": "2026-07-20T20:30:00Z",
    "location_data": [
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        "city": "Fort Wayne",
        "state": "Indiana",
        "region": "Northern America",
        "country": "United States",
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    "article_sentence": "The company reported second quarter 2026 net sales of $6.1 billion and net income of $534 million, or $3.69 per diluted share which was reduced by a $16 million non-cash asset impairment charge related to the decision to relocate the company's planned second satellite aluminum recycled slab center from Arizona to Columbus, Mississippi.",
    "amount_normalized": 534000000
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