Steel Dynamics Inc (STLD)

Steel Dynamics Provides Second Quarter 2026 Earnings GuidanceJune 17, 2026 4:30 PM
PR Newswire (US) FORT WAYNE, Ind., June 17, 2026 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter 2026 earnings guidance in the range of $3.51 to $3.55 per diluted share. Comparatively, the company's sequential first quarter 2026 earnings were $2.78 per diluted share, and prior year second quarter earnings were $2.01 per diluted share. Estimated second quarter earnings have been reduced by $16 million, as a result of asset write-downs related to the decision to relocate the company's planned second satellite aluminum recycled slab center from Arizona to Columbus, Mississippi, as differences with Arizona state officials risked the construction and operations of the facility.  Second quarter 2026 profitability from the company's steel operations is expected to be meaningfully higher than first quarter results, driven by strong demand and metal margin expansion across the platform, as average realized selling values increased more than scrap raw material costs. Order activity remains strong, supported by underlying demand and persistently low steel inventories, which continue to support favorable pricing conditions. Demand across key end markets remains solid, with non-residential construction, energy, automotive, and industrial sectors leading performance.Second quarter 2026 earnings from the company's metals recycling operations are expected to be similar to sequential first quarter results, as increased ferrous and non-ferrous shipments are expected to be offset by expected nonferrous unrealized hedging losses.  Second quarter 2026 earnings from the company's steel fabrication operations are expected to be incrementally below sequential first quarter results, as the benefit from stronger shipments combined with steady pricing is offset by higher steel raw material input costs. Customer order activity has remained strong, continuing the momentum beginning at the end of 2025. The order backlog is now nearly 40% higher than a year ago and extends through the end of the year and into 2027. Current demand is being supported by commercial construction, data center and warehouse buildouts, manufacturing, and healthcare end markets. The company expects further volume improvement throughout the year and into 2027, supported by domestic manufacturing investment, U.S. infrastructure investment, other stimulus programs, and ongoing onshoring activity.Second quarter 2026 earnings from the company's aluminum operations are expected to improve significantly compared to first quarter sequential results, based on increased shipments and higher realized pricing. The aluminum team continues to make strong progress on the commissioning and startup of the company's aluminum flat rolled products mill in Columbus, Mississippi. Two of the three cold mills are now operational, and the third cold mill is expected to begin qualifying material in July. Additionally, the first of two Continuous Annealing and Solution Heat (CASH) lines, which support the production of finished automotive products, is operating and shipping material for customer qualification. The second CASH line is also expected to begin material qualifications in the fourth quarter 2026.The company has repurchased $170 million, or one half of one percent, of its common stock so far during the second quarter 2026. The company currently plans to release its second quarter 2026 earnings after the market closes on July 20, 2026, and will hold a conference call the next day at 11:00 a.m. Eastern Daylight Time to discuss the company's performance. About Steel Dynamics, Inc.Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company also has aluminum operations, further diversifying its product offerings to supply aluminum flat rolled products with higher recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products.Forward-Looking StatementsThis press release contains some predictive statements about future events, including statements related to conditions in domestic or global economies, conditions in steel, aluminum, and recycled metals marketplaces, Steel Dynamics' revenues, costs of purchased materials, future profitability and earnings, and the operation of new, existing or planned facilities. These statements, which we generally precede or accompany by such typical conditional words as "anticipate", "intend", "believe", "estimate", "plan", "seek", "project", or "expect", or by the words "may", "will", or "should", are intended to be made as "forward-looking", subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These statements speak only as of this date and are based upon information and assumptions, which we consider reasonable as of this date, concerning our businesses and the environments in which they operate. Such predictive statements are not guarantees of future performance, and we undertake no duty to update or revise any such statements. Some factors that could cause such forward-looking statements to turn out differently than anticipated include: (1) domestic and global economic factors; (2) global steelmaking overcapacity and imports of steel, together with increased scrap prices; (3) the cyclical nature of the metals industries and the industries we serve; (4) volatility and major fluctuations in prices and availability of scrap metal, scrap substitutes and supplies, and our potential inability to pass higher costs on to our customers; (5) cost and availability of electricity, natural gas, oil, and other energy resources are subject to volatile market conditions; (6) increased environmental, greenhouse gas emissions and sustainability considerations from our customers and investors or related regulations; (7) compliance with and changes in environmental and remediation requirements; (8) significant price and other forms of competition from other steel and aluminum producers, scrap processors and alternative materials; (9) availability of an adequate source of supply of scrap for our metals recycling operations; (10) cybersecurity threats and risks to the security of our sensitive data and information technology; (11) the implementation of our growth strategy; (12) our ability to retain, develop and attract key personnel; (13) litigation and legal compliance; (14) unexpected equipment downtime or shutdowns; (15) difficulties in the launch or production ramp-up of new products; (16) our aluminum operations depend on a core group of significant customers; (17) governmental agencies may refuse to grant or renew some of our licenses and permits; (18) our existing debt agreements contain, and any future financing agreements may contain, restrictive covenants that may limit our flexibility; and (19) the impacts of impairment charges.More specifically, we refer you to our more detailed explanation of these and other factors and risks that may cause such predictive statements to turn out differently, as set forth in our most recent Annual Report on Form 10-K under the headings Special Note Regarding Forward-Looking Statements and Risk Factors, in our Quarterly Reports on Form 10-Q, or in other reports which we file with the Securities and Exchange Commission. These reports are available publicly on the Securities and Exchange Commission website, www.sec.gov, and on our website, www.steeldynamics.com under "Investors – SEC Filings." View original content:https://www.prnewswire.com/news-releases/steel-dynamics-provides-second-quarter-2026-earnings-guidance-302803557.htmlSOURCE Steel Dynamics, Inc. Original: Steel Dynamics Provides Second Quarter 2026 Earnings Guidance

Steel Dynamics Announces Second Quarter 2026 Cash DividendMay 7, 2026 10:00 AM
PR Newswire (US) FORT WAYNE, Ind., May 7, 2026 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a second quarter cash dividend of $0.53 per common share. The dividend is payable to shareholders of record at the close of business on June 30, 2026 and is payable on or about July 10, 2026. About Steel Dynamics, Inc.
Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company has also recently added aluminum operations, further diversifying its product offerings to supply aluminum flat rolled products with higher recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products. View original content to download multimedia:https://www.prnewswire.com/news-releases/steel-dynamics-announces-second-quarter-2026-cash-dividend-302765727.htmlSOURCE Steel Dynamics, Inc. Original: Steel Dynamics Announces Second Quarter 2026 Cash Dividend

Steel Dynamics Reports First Quarter 2026 ResultsApril 20, 2026 4:30 PM
PR Newswire (US)

FORT WAYNE, Ind., April 20, 2026 /PRNewswire/ --







First Quarter 2026 Performance Highlights:Record steel shipments of 3.6 million tonsContinued commissioning and increased production from aluminum flat rolled sheet operations  Net sales of $5.2 billion, operating income of $538 million, and net income of $403 millionAdjusted EBITDA of $700 million and cash flow from operations of $148 million, which was reduced by the annual companywide retirement profit-sharing distribution of $120 millionFirst quarter 2026 cash dividend increase of six percentSteel Dynamics, Inc. (NASDAQ/GS: STLD) today announced first quarter 2026 financial results. The company reported first quarter 2026 net sales of $5.2 billion and net income of $403 million, or $2.78 per diluted share. Comparatively, the company's sequential fourth quarter 2025 net income was $266 million, or $1.82 per diluted share and prior year first quarter net income was $217 million, or $1.44 per diluted share."The teams executed well, delivering a strong first quarter 2026 performance across all of our platforms, with operating income increasing $228 million, or 73 percent," said Mark D. Millett, Chairman and Chief Executive Officer. "The improvement in earnings was driven by record steel shipments combined with higher steel prices. 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."Underlying steel demand strengthened during the first quarter 2026, as customer orders rebounded and backlogs increased across our steel and steel fabrication operations," said Millett. "Steel prices continued to improve, and lead times extended. Additionally, value-added flat rolled steel margins expanded from fourth quarter 2025 lows. We are seeing an improved steel market environment, supported by domestic trade actions, manufacturing onshoring, infrastructure program funding, and the increasing regionalization of supply chains in the United States. Long product steel demand remains very strong, especially for structural steel and railroad rail. Looking ahead, we expect to benefit from strong demand across our platforms."The aluminum team is continuing with the successful commissioning and startup of our Columbus, Mississippi aluminum flat rolled products mill," continued Millett. "The teams successfully produced finished products for the industrial and beverage can sectors, receiving product qualifications from numerous can sheet consumers and additional qualifications are ongoing. They also produced and received qualifications for aluminum hot band for use in automotive applications and are currently in the process of qualifying automotive quality finished products from our first recently operational continuous anneal and solution heat treat (CASH) line. Alongside our additional investments throughout the company, aluminum provides an exciting avenue for our ongoing growth."   First Quarter 2026 CommentsFirst quarter 2026 operating income for the company's steel operations was $557 million, or 73 percent higher than sequential fourth quarter results, due to record shipments and metal spread expansion across the platform, as steel pricing increased more than ferrous scrap costs. The first quarter 2026 average external product selling price for the company's steel operations increased $86 sequentially to $1,193 per ton. The average ferrous scrap cost per ton melted at the company's steel mills increased $22 sequentially to $396 per ton. The energy, non-residential construction, automotive, and industrial sectors led steel demand in the quarter. Flat rolled steel pricing has rebounded from the recent lows experienced in the second half 2025, and steel producer lead times are at strong levels.Compared to sequential fourth quarter results, first quarter 2026 operating income from the company's metals recycling operations increased 155 percent to $47 million, driven by higher ferrous and nonferrous average selling values. Shipments were marginally lower, as scrap flows were negatively impacted by winter weather conditions in portions of January and February.The company's steel fabrication operations achieved operating income of $90 million in the first quarter 2026, steady with fourth quarter sequential results, as higher shipments were offset by metal spread compression primarily related to increased steel raw material input costs. Customer order activity has significantly increased since the end of 2025, with the customer order backlog over 38 percent higher than a year ago and extending through the third quarter and into October 2026. Improved demand was supported largely by the commercial, data center, manufacturing, warehouse, and healthcare sectors.  Further, the accelerated announcements related to meaningful domestic investments in manufacturing and increased onshoring, coupled with the U.S. infrastructure program, are expected to positively impact demand for not only steel joist and deck products, but also for flat rolled and long product steel.First quarter 2026 operating losses associated with the continued construction and startup of the company's aluminum operations in the U.S. and Mexico were $65 million, or $17 million higher than fourth quarter sequential results. Aluminum flat rolled finished product shipments increased from 14,600 metric tons in the sequential fourth quarter to 22,500 metric tons in the first quarter 2026. Operating costs were significantly higher in January, as the team experienced normal startup issues, necessitating a temporary pause in operations and the write-off of some inventory. The issues were resolved and the company believes both shipments and earnings will increase sharply in the second quarter 2026. Demand for aluminum flat rolled products across the company's consumer sectors remains strong, with the supply deficit growing.The company generated cash flow from operations of $148 million during the first quarter 2026, after funding the annual companywide retirement profit-sharing distribution of $120 million. Working capital (excluding profit-sharing and income taxes) increased $413 million in the first quarter, as product pricing and demand improved across the business and the aluminum operations continued to ramp. The company also invested $138 million in capital investments, paid cash dividends of $72 million, and repurchased $115 million of its outstanding common stock, while maintaining strong liquidity of $2.0 billion as of March 31, 2026.Outlook   "We remain constructive that market conditions are in place for domestic steel and aluminum consumption to be strong through 2026 and into the following years," said Millett. "Customer optimism, order entry activity, and pricing have been improving across our business. Additionally, discussions with our customers further underscore the growing importance of lower-carbon, domestically produced steel and aluminum products, positioning our businesses for a sustainable long-term competitive advantage. As unfair trade practices diminish, policy clarity improves, and U.S. manufacturing continues to expand, we believe a favorable market environment will follow."The aluminum team continues to make progress commissioning the company's Columbus, Mississippi aluminum flat rolled products mill, as well as the San Luis Potosi, Mexico satellite recycled aluminum slab center. Two of the three planned cold mills are ramping operations and producing prime products, with the third cold mill scheduled to commission in the third quarter 2026. Additionally, the first of our two planned CASH lines to be used for the production of finished automotive products is now operational and has produced qualification material for automotive customers. The second CASH line is also expected to commission in the third quarter 2026."We have deliberately aligned our growth strategy with our customers' developing needs, prioritizing product excellence, supply-chain efficiency, and sustainability. Building on our strong positions in steel, we are expanding into high recycled-content aluminum to serve adjacent markets where customer demand is accelerating. This opportunity spans the counter-cyclical beverage can and packaging segment and extends to automotive, industrial, and construction applications. Backed by a performance-based culture and a proven ability to develop and operate cost-efficient, high-margin mills, we are well positioned to deliver attractive long-term value through this expansion."Our commitment is to the health and safety of our teams, families, and communities, while meeting the current and future needs of our customers. Our culture and business model continues to positively differentiate our performance from the rest of the industry. We continue to focus on delivering superior value to our team members, customers, and shareholders," concluded Millett.Conference Call and WebcastSteel Dynamics, Inc. will hold a conference call to discuss first quarter 2026 operating and financial results on Tuesday, April 21, 2026, at 11:00 a.m. Eastern Daylight Time. You may access the call and find dial-in information on the Investors section of the company's website at www.steeldynamics.com.  A replay of the call will be available on our website until 11:59 p.m. Eastern Daylight Time on April 30, 2026.About Steel Dynamics, Inc.Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company has also recently added aluminum operations, further diversifying its product offerings to supply aluminum flat rolled products with higher recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products.Note Regarding Financial MetricsThe company believes that after-tax return-on-invested capital (After-tax ROIC) provides an indication of the effectiveness of the company's invested capital and is calculated as follows:             After-tax
ROIC =Net Income Attributable to Steel Dynamics, Inc.(Quarterly Average Current Maturities of Long-term Debt + Long-term Debt + Total Equity)Note Regarding Non-GAAP Financial MeasuresThe company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). Management believes that the non-GAAP financial measures EBITDA and Adjusted EBITDA provide additional meaningful information regarding the company's performance and financial strength. Non-GAAP financial measures should be viewed in addition to and not as an alternative for the company's reported results prepared in accordance with GAAP. In addition, not all companies use identical calculations for EBITDA or Adjusted EBITDA; therefore, EBITDA and Adjusted EBITDA included in this release may not be comparable to similarly titled measures of other companies.Forward-Looking Statements This press release contains some predictive statements about future events, including statements related to conditions in domestic or global economies, conditions in steel, aluminum, and recycled metals marketplaces, Steel Dynamics' revenues, costs of purchased materials, future profitability and earnings, and the operation of new, existing or planned facilities. These statements, which we generally precede or accompany by such typical conditional words as "anticipate", "intend", "believe", "estimate", "plan", "seek", "project", or "expect", or by the words "may", "will", or "should", are intended to be made as "forward-looking", subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These statements speak only as of this date and are based upon information and assumptions, which we consider reasonable as of this date, concerning our businesses and the environments in which they operate. Such predictive statements are not guarantees of future performance, and we undertake no duty to update or revise any such statements. Some factors that could cause such forward-looking statements to turn out differently than anticipated include: (1) domestic and global economic factors; (2) global steelmaking overcapacity and imports of steel, together with increased scrap prices; (3) the cyclical nature of the metals industries and the industries we serve; (4) volatility and major fluctuations in prices and availability of scrap metal, scrap substitutes and supplies, and our potential inability to pass higher costs on to our customers; (5) cost and availability of electricity, natural gas, oil, and other energy resources are subject to volatile market conditions; (6) increased environmental, greenhouse gas emissions and sustainability considerations from our customers and investors or related regulations; (7) compliance with and changes in environmental and remediation requirements; (8) significant price and other forms of competition from other steel and aluminum producers, scrap processors and alternative materials; (9) availability of an adequate source of supply of scrap for our metals recycling operations; (10) cybersecurity threats and risks to the security of our sensitive data and information technology; (11) the implementation of our growth strategy; (12) our ability to retain, develop and attract key personnel; (13) litigation and legal compliance; (14) unexpected equipment downtime or shutdowns; (15) difficulties in the launch or production ramp-up of new products; (16) our aluminum operations depend on a core group of significant customers; (17) governmental agencies may refuse to grant or renew some of our licenses and permits; (18) our existing debt agreements contain, and any future financing agreements may contain, restrictive covenants that may limit our flexibility; and (19) the impacts of impairment charges.More specifically, we refer you to our more detailed explanation of these and other factors and risks that may cause such predictive statements to turn out differently, as set forth in our most recent Annual Report on Form 10-K under the headings Special Note Regarding Forward-Looking Statements and Risk Factors, in our Quarterly Reports on Form 10-Q, or in other reports which we file with the Securities and Exchange Commission. These reports are available publicly on the Securities and Exchange Commission website, www.sec.gov, and on our website, www.steeldynamics.com under "Investors – SEC Filings." Steel Dynamics, Inc.CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)(in thousands, except per share data)











Three Months Ended
Three Months

March 31,
Ended

2026
2025
Dec. 31, 2025
















Net sales
$5,204,858
$4,369,195
$4,414,048Costs of goods sold

4,441,635

3,882,651

3,884,757      Gross profit

763,223

486,544

529,291









Selling, general and administrative expenses

175,220

181,808

184,646Profit sharing

42,198

22,695

27,196Amortization of intangible assets

7,801

6,897

7,219      Operating income

538,004

275,144

310,230









Interest expense, net of capitalized interest

33,241

12,131

26,958Other (income) expense, net

(8,450)

(17,641)

(27,333)      Income before income taxes

513,213

280,654

310,605









Income tax expense

113,108

62,975

46,090      Net income

400,105

217,679

264,515Net loss (income) attributable to noncontrolling interests

3,331

(528)

1,518      Net income attributable to Steel Dynamics, Inc.
$403,436
$217,151
$266,033



















Basic earnings per share attributable to








   Steel Dynamics, Inc. stockholders
$2.79
$1.45
$1.83









Weighted average common shares outstanding

144,797

150,262

145,627









Diluted earnings per share attributable to








   Steel Dynamics, Inc. stockholders, including the








   effect of assumed conversions when dilutive
$2.78
$1.44
$1.82









Weighted average common shares








   and share equivalents outstanding

145,321

150,809

146,249



















Dividends declared per share
$0.53
$0.50
$0.50 Steel Dynamics, Inc.CONSOLIDATED BALANCE SHEETS(in thousands)







March 31,

December 31,Assets2026

2025
(unaudited)



Current assets





   Cash and equivalents $556,527

$769,878   Accounts receivable, net
2,056,434


1,682,660   Inventories
3,908,120


3,738,516   Other current assets
274,089


293,117      Total current assets
6,795,170


6,484,171






Property, plant and equipment, net
8,549,876


8,569,466






Intangible assets, net
323,489


331,290






Goodwill
477,471


477,471






Other assets
574,213


557,382      Total assets $16,720,219

$16,419,780Liabilities and Equity





Current liabilities





   Accounts payable $1,379,494

$1,231,358   Income taxes payable
135,202


67,315   Accrued expenses
633,899


788,926   Current maturities of long-term debt
22,124


34,655      Total current liabilities
2,170,719


2,122,254






Long-term debt
4,178,669


4,176,508






Deferred income taxes
1,042,980


1,004,375






Other liabilities
194,449


186,232      Total liabilities
7,586,817


7,489,369






Commitments and contingencies












Redeemable noncontrolling interests
141,226


141,226






Equity





   Common stock
653


653   Treasury stock, at cost
(8,088,699)


(7,980,549)   Additional paid-in capital
1,237,939


1,248,634   Retained earnings
16,015,823


15,689,042   Accumulated other comprehensive loss
(858)


(598)      Total Steel Dynamics, Inc. equity
9,164,858


8,957,182   Noncontrolling interests
(172,682)


(167,997)      Total equity
8,992,176


8,789,185      Total liabilities and equity $16,720,219

$16,419,780 Steel Dynamics, Inc.CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)(in thousands)






Three Months Ended
March 31,
2026
2025




Operating activities:




   Net income$400,105
$217,679





   Adjustments to reconcile net income to net cash provided by




      operating activities:




      Depreciation and amortization
159,280

133,756      Equity-based compensation
17,451

17,040      Deferred income taxes
32,669

16,249      Other adjustments
(2,293)

(4,195)      Changes in certain assets and liabilities:




         Accounts receivable
(373,774)

(303,602)         Inventories
(174,427)

13,810         Other assets
21,001

(32,115)         Accounts payable
156,905

248,600         Income taxes receivable/payable
74,432

42,815         Accrued expenses
(163,033)

(197,434)      Net cash provided by operating activities
148,316

152,603





Investing activities:




   Purchases of property, plant and equipment
(137,979)

(305,506)   Purchases of short-term investments
-

(10,000)   Proceeds from maturities of short-term investments
-

137,811   Other investing activities
(1,087)

(1,064)      Net cash used in investing activities
(139,066)

(178,759)





Financing activities:




   Issuance of current and long-term debt
599,469

1,405,943   Repayment of current and long-term debt
(612,359)

(432,527)   Dividends paid
(72,470)

(69,514)   Purchase of treasury stock
(115,087)

(250,138)   Other financing activities
(22,312)

(30,469)      Net cash (used in) provided by financing activities
(222,759)

623,295





Increase (decrease) in cash, cash equivalents, and restricted cash
(213,509)

597,139Cash, cash equivalents, and restricted cash at beginning of period
775,272

595,010Cash, cash equivalents, and restricted cash at end of period $561,763
$1,192,149











Supplemental disclosure information:




   Cash paid for interest$26,000
$28,477   Cash paid for income taxes, net$4,491
$3,717 Steel Dynamics, Inc.SUPPLEMENTAL INFORMATION (UNAUDITED)(dollars in thousands)











First Quarter




2026
2025
Q4 2025External Net Sales








   Steel
$3,538,743
$3,067,016
$3,141,366   Steel Fabrication

355,433

352,307

347,252   Metals Recycling

593,183

534,895

463,039   Aluminum

227,393

66,576

157,747   Other

490,106

348,401

304,644Consolidated Net Sales
$5,204,858
$4,369,195
$4,414,048Operating Income (Loss)








   Steel
$556,564
$229,963
$322,337   Steel Fabrication

89,514

116,745

90,545   Metals Recycling

47,467

25,710

18,642   Aluminum

(64,592)

(28,735)

(47,098)


628,953

343,683

384,426









   Non-cash amortization of intangible assets

(7,801)

(6,897)

(7,219)   Profit sharing expense

(42,198)

(22,695)

(27,196)   Non-segment operations

(40,950)

(38,947)

(39,781)Consolidated Operating Income
$538,004
$275,144
$310,230Adjusted EBITDA








      Net income
$400,105
$217,679
$264,515      Income taxes

113,108

62,975

46,090      Net interest expense

26,053

2,316

17,135      Depreciation

149,194

125,122

136,467      Amortization of intangible assets

7,801

6,897

7,219 EBITDA

696,261

414,989

471,426      Non-cash adjustments








         Unrealized (gains) losses on derivatives








         and currency remeasurement

(11,594)

19,153

9,482         Equity-based compensation

15,230

14,181

24,513Adjusted EBITDA
$699,897
$448,323
$505,421









Other Operating Information








   Steel








      Average external sales price (Per ton)
$1,193
$998
$1,107      Average ferrous cost (Per ton Melted)
$396
$386
$374









      Flat Roll shipments








         Butler, Columbus, and Sinton

2,011,443

2,119,187

1,902,346         Steel Processing divisions *

686,440

492,627

556,336      Long Product shipments








         Structural and Rail Division

490,971

437,398

445,978         Engineered Bar Products Division

194,022

191,658

170,539         Roanoke Bar Division

167,837

144,186

139,287         Steel of West Virginia

88,155

96,483

89,648Total Shipments (Tons)

3,638,868

3,481,539

3,304,134









External Shipments (Tons)

2,966,124

3,071,735

2,837,126









Steel Mill Production (Tons)

3,039,367

3,021,593

2,838,233









   Metals Recycling








      Nonferrous shipments (000's of pounds)

197,385

233,080

195,003      Ferrous shipments (Gross tons)

1,473,457

1,452,432

1,521,629         External ferrous shipments (Gross tons)

553,367

557,618

507,102   Steel Fabrication








      Average sales price (Per ton)
$2,478
$2,599
$2,509      Shipments (Tons)

143,422

135,581

138,375









*   Includes Heartland, The Techs, United Steel Supply, and New Process Steel (beginning December 1, 2025) operations  



View original content to download multimedia:https://www.prnewswire.com/news-releases/steel-dynamics-reports-first-quarter-2026-results-302747715.htmlSOURCE Steel Dynamics, Inc.

Original: Steel Dynamics Reports First Quarter 2026 Results

Steel Dynamics Thanks Richard P. Teets, Jr. and Gabriel L. Shaheen for their Exemplary Board ServiceMarch 27, 2026 10:00 AM
PR Newswire (US)

FORT WAYNE, Ind., March 27, 2026 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced that Richard P. Teets, Jr. and Gabriel L. Shaheen will be retiring from the Steel Dynamics Board of Directors effective as of the Company's 2026 Annual Meeting of Shareholders taking place on May 6, 2026.







Richard P. Teets, Jr."Dick has been my partner and friend for over 35 years beginning with our pioneering of thin-slab-casting using electric-arc-furnace technology," said Mark D. Millett, Chairman and Chief Executive Officer. "He was instrumental to Steel Dynamics' success — as a co-founder, longtime board member, and exceptional leader. Dick was a key part of developing our cultural foundation upon which our success has been built. On behalf of the Board of Directors and from me personally, we extend our sincere appreciation for his meaningful contributions and invaluable impact."Dick's industry expertise and sound judgment have guided the company through key milestones and periods of significant growth," continued Millett. "His engineering insight, operational knowledge, and strategic negotiation skills have shaped every aspect of our business, driving innovation and differentiation, setting us apart within the industry. Dick's leadership built people, teams, and a culture that is foundational to our success. Throughout the years, Dick has also provided influential leadership across the steel industry through his work with the Steel Manufacturers Association, the Association of Iron and Steel Technology, and numerous other industry organizations.""From co-founding Steel Dynamics with Keith and Mark, to building, acquiring, expanding and operating various businesses and serving on the Board of Directors — my time with Steel Dynamics has been a highlight of my life and it will forever be my family," shared Dick Teets. "As a significant shareholder, I am both confident in and excited for the company's and its team members' future, but am equally excited to devote my time to charitable and community focused projects, including our family foundation that would not be possible without Steel Dynamics' success.  Steel Dynamics and its people will aways be a large part of my life."Gabriel L. Shaheen"Additionally, on behalf of the Board of Directors, we also extend our appreciation to long-standing board member Gabe Shaheen," concluded Millett. "Gabe's financial acumen, strategic perspective, and thoughtful counsel have been invaluable to me and to the Board throughout his many years of service and influence. Please accept our sincere and personal thanks for your dedication and time."Mr. Shaheen added, "I was initially drawn to Steel Dynamics as the leading large company in the Fort Wayne community. Witnessing leadership's commitment to the SDI team members and its communities, throughout its tremendous growth in size, capability, and financial strength was impressive. It is a vital part of the foundation for its past and continued future success. Thank you for the opportunity to serve for over sixteen years." About Steel Dynamics, Inc.Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company also invested in aluminum operations, further diversifying its product offerings to supply aluminum flat rolled products with high recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products.



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Original: Steel Dynamics Thanks Richard P. Teets, Jr. and Gabriel L. Shaheen for their Exemplary Board Service

Steel Dynamics forecasts Q1 2026 earnings of $2.73–$2.77 per shareMarch 17, 2026 9:32 AM
IH Market News
Steel Dynamics Inc. (NASDAQ:STLD) announced first-quarter 2026 earnings guidance of $2.73 to $2.77 per diluted share in a statement released Monday. The projected range marks a notable increase from the company’s fourth-quarter 2025 earnings of $1.82 per diluted share and from $1.44 per diluted share reported in the first quarter of the previous year.The company said its steel operations are expected to deliver stronger profitability than in the prior quarter, supported by higher shipment volumes and improved metal margins as average selling prices have risen more than scrap raw material costs.Earnings from the metals recycling segment are also projected to improve, reflecting wider metal margins driven by stronger prices for both ferrous and nonferrous materials. However, shipment volumes are anticipated to decline due to winter weather conditions that disrupted scrap supply flows in January and February.Steel fabrication operations are expected to produce earnings similar to those reported in the fourth quarter. Increased shipment levels are expected to offset margin pressure caused by higher steel input costs.Steel Dynamics noted that its customer order backlog is more than 35 percent higher than it was a year ago and currently extends into the third quarter of 2026.During the first quarter of 2026, the company repurchased approximately $66 million of its common stock. Management said the pace of share buybacks was temporarily reduced due to working capital needs associated with the company’s annual profit-sharing payment of about $126 million, as well as higher working capital requirements tied to its aluminum operations.Steel Dynamics plans to report its full first-quarter 2026 results after market close on April 20, 2026. A conference call to discuss the results is scheduled for April 21 at 11:00 a.m. Eastern Daylight Time.Steel Dynamics stock price

Original: Steel Dynamics forecasts Q1 2026 earnings of $2.73–$2.77 per share

Steel Dynamics Provides First Quarter 2026 Earnings GuidanceMarch 17, 2026 7:00 AM
PR Newswire (US)

FORT WAYNE, Ind., March 17, 2026 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided first quarter 2026 earnings guidance in the range of $2.73 to $2.77 per diluted share. Comparatively, the company's sequential fourth quarter 2025 earnings were $1.82 per diluted share, and prior year first quarter earnings were $1.44 per diluted share.







First quarter 2026 profitability from the company's steel operations is expected to be meaningfully higher compared to sequential fourth quarter results, driven by increased shipments and metal margin expansion across the platform, as average realized selling values increased more than scrap raw material costs. Demand remains strong across several key end markets, with the non-residential construction, energy, automotive, and industrial sectors continuing to lead.First quarter 2026 earnings from the company's metals recycling operations are expected to be higher than sequential fourth quarter results, based on significantly expanded metal margin driven by higher ferrous and nonferrous average selling values. Shipments are expected to be somewhat lower in the quarter, as scrap flows were negatively impacted by winter weather conditions in portions of January and February, but have since normalized.  First quarter 2026 earnings from the company's steel fabrication operations are expected to be steady with sequential fourth quarter results, as higher shipments offset metal margin compression related to increased steel raw material input costs. Customer order activity has significantly increased since the end of 2025, with the customer order backlog over 35 percent higher than a year ago and extending well into the third quarter 2026. Current demand has been supported by commercial construction, data center and warehouse buildouts, manufacturing, and healthcare.  The company expects further volume improvement in 2026, with the support from U.S. infrastructure and other stimulus programs and continued onshoring.The aluminum team is continuing with the successful commissioning and startup of the company's Columbus, Mississippi aluminum flat rolled products mill. The team successfully produced finished products for the industrial and beverage can sectors, receiving product qualifications from several can sheet consumers with additional successful qualifications ongoing. They also produced and received qualifications for aluminum hot band for use in automotive applications. The first of two CASH lines for the production of finished automotive products is in commissioning, as is the second of three planned cold mills used for all product types.The company has repurchased an estimated $66 million of its common stock so far during the first quarter 2026. The company temporarily slowed the cadence of its share repurchase program in light of significant working capital funding in the first quarter related to its annual profit-sharing payment of approximately $126 million and a meaningful increase in working capital related to the quicker than anticipated ramp in its aluminum operations coupled with increasing aluminum prices. The company currently plans to resume a normalized share repurchase cadence in the second quarter 2026. The company currently plans to release its first quarter 2026 earnings after the market closes on Monday, April 20, 2026, and will hold a conference call the next day at 11:00 a.m. Eastern Daylight Time to discuss the company's performance. About Steel Dynamics, Inc.Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company is also in aluminum operations, further diversifying its product offerings to supply aluminum flat rolled products with higher recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products.Forward-Looking StatementsThis press release contains some predictive statements about future events, including statements related to conditions in domestic or global economies, conditions in steel, aluminum, and recycled metals marketplaces, Steel Dynamics' revenues, costs of purchased materials, future profitability and earnings, and the operation of new, existing or planned facilities. These statements, which we generally precede or accompany by such typical conditional words as "anticipate", "intend", "believe", "estimate", "plan", "seek", "project", or "expect", or by the words "may", "will", or "should", are intended to be made as "forward-looking", subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These statements speak only as of this date and are based upon information and assumptions, which we consider reasonable as of this date, concerning our businesses and the environments in which they operate. Such predictive statements are not guarantees of future performance, and we undertake no duty to update or revise any such statements. Some factors that could cause such forward-looking statements to turn out differently than anticipated include: (1) domestic and global economic factors; (2) global steelmaking overcapacity and imports of steel, together with increased scrap prices; (3) the cyclical nature of the metals industries and the industries we serve; (4) volatility and major fluctuations in prices and availability of scrap metal, scrap substitutes and supplies, and our potential inability to pass higher costs on to our customers; (5) cost and availability of electricity, natural gas, oil, and other energy resources are subject to volatile market conditions; (6) increased environmental, greenhouse gas emissions and sustainability considerations from our customers and investors or related regulations; (7) compliance with and changes in environmental and remediation requirements; (8) significant price and other forms of competition from other steel and aluminum producers, scrap processors and alternative materials; (9) availability of an adequate source of supply of scrap for our metals recycling operations; (10) cybersecurity threats and risks to the security of our sensitive data and information technology; (11) the implementation of our growth strategy; (12) our ability to retain, develop and attract key personnel; (13) litigation and legal compliance; (14) unexpected equipment downtime or shutdowns; (15) difficulties in the launch or production ramp-up of new products; (16) our aluminum operations depend on a core group of significant customers; (17) governmental agencies may refuse to grant or renew some of our licenses and permits; (18) our existing debt agreements contain, and any future financing agreements may contain, restrictive covenants that may limit our flexibility; and (19) the impacts of impairment charges.More specifically, we refer you to our more detailed explanation of these and other factors and risks that may cause such predictive statements to turn out differently, as set forth in our most recent Annual Report on Form 10-K under the headings Special Note Regarding Forward-Looking Statements and Risk Factors, in our Quarterly Reports on Form 10-Q, or in other reports which we file with the Securities and Exchange Commission. These reports are available publicly on the Securities and Exchange Commission website, www.sec.gov, and on our website, www.steeldynamics.com under "Investors – SEC Filings."



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Original: Steel Dynamics Provides First Quarter 2026 Earnings Guidance

Steel Dynamics Recognized by Corporate Knights as One of the Most Sustainable Corporations in the WorldFebruary 19, 2026 11:00 AM
PR Newswire (US)

FORT WAYNE, Ind., Feb. 19, 2026 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced that Corporate Knights has recognized the company as one of the 2026 Global 100 Most Sustainable Corporations and the leader within the steelmaking industry globally.







"We are honored by this recognition," said Mark D. Millett, Co-Founder, Chairman, and Chief Executive Officer. "Being named one of the world's most sustainable corporations for the second consecutive year reflects the exceptional commitment and passion of our teams. Their unwavering focus on safety, innovation across our products and supply chain, and leadership in sustainability continues to drive Steel Dynamics to the highest levels of operational and financial performance."Corporate Knights' 2026 Global 100 methodology was based on a rigorous assessment of publicly traded companies with over $1 billion in revenue, subject to exclusionary screens. The companies were assessed across three equally weighted sustainable economy key performance indicators, including sustainable investments, sustainable revenues, and sustainable revenue momentum. Corporate Knights' Global 100 Most Sustainable Corporations list and details on the selection methodology are available at: corporateknights.com.About Steel Dynamics, Inc.Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company is also investing in aluminum operations, further diversifying its product offerings to supply aluminum flat rolled products with high recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products.



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Original: Steel Dynamics Recognized by Corporate Knights as One of the Most Sustainable Corporations in the World

SGH and Steel Dynamics confirm best and final A$32.35 share proposal¹ to acquire BlueScope Steel LtdFebruary 17, 2026 4:37 PM
PR Newswire (US)

FORT WAYNE, Ind., Feb. 17, 2026 /PRNewswire/ -- SGH Ltd (SGH) (ASX:SGH) and Steel Dynamics, Inc. (SDI) (NASDAQ/GS:STLD) confirm that together they have submitted a revised Non-Binding Indicative Offer (NBIO) to acquire 100% of BlueScope Steel Ltd (BSL) (ASX:BSL). The revised offer of A$32.35 per share (equivalent to A$34.00 per share prior to deductions of A$1.65, consisting of BSL's $1.00 per share unfranked special dividend and A$0.65 unfranked interim dividend)1 represents a compelling value proposition and highly attractive premium for BSL shareholders. The increased purchase price represents SGH and SDI's best and final offer in the absence of a superior competing proposal for all or a material part of BSL.







The consideration represents a total equity value for BSL of A$15 billion (US$11 billion) to be comprised entirely of cash.The revised offer implies significant premiums to undisturbed trading metrics:a 47% premium to BSL's adjusted closing share price at our initial proposal2;a 14% increase to the adjusted initial proposal price of A$28.353;a 56% premium to BSL's 52-week volume-weighted average share price4; anda 32% premium to BSL's 15-year high share price5.As previously disclosed, if the proposal is implemented and following the transaction close, SGH would on-sell BSL's North American operations to SDI, and SGH would retain the remaining BSL "Australia + Rest of World" operations.The proposed acquisition is closely aligned with SGH's stated capital allocation criteria, with an opportunity to support performance improvement through the disciplined application of the SGH operating model. SGH is uniquely positioned to be the steward of BSL's Australia + Rest of World businesses as a leading Australian industrial platform with diversified operations across a range of businesses and a strong capital foundation.The revised proposal continues to present a highly strategic opportunity for SDI shareholders and would uniquely complement SDI's steel production, coating, metals recycling, and building products platforms. The proposed transaction is also closely aligned with SDI's capital allocation and credit profile framework.SGH and SDI look forward to productive engagement with BSL to progress our customary due diligence requirements, transaction documentation and to a successful completion of the acquisition.SGH and SDI's NBIO is subject to customary regulatory approvals, and they do not believe there are any material obstacles in obtaining the relevant approvals. The proposal is subject to customary conditions, including completion of satisfactory due diligence, agreement of a binding scheme implementation deed, and receipt of relevant shareholder and regulatory approvals.SGH will provide further updates to the market as material developments occur in accordance with ASX disclosure obligations. SGH is unaware of any other matters requiring disclosure according to the ASX listing rules and confirms adherence to ASX Listing Rule 3.1. This announcement has been authorised by the SGH Board for release to the ASX and NASDAQ by SDI.Forward-looking statementsThis press release contains some predictive statements about future events. These statements, which we generally precede or accompany by such typical conditional words as "anticipate", "intend", "believe", "estimate", "plan", "seek", "project", or "expect", or by the words "may", "will", or "should", are intended to be made as "forward-looking", subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These statements speak only as of this date and are based upon information and assumptions, which we consider reasonable as of this date, concerning our businesses and the environments in which they operate. Such predictive statements are not guarantees of future performance, and we undertake no duty to update or revise any such statements.Discussions with BSL in relation to the NBIO remain incomplete and ongoing. SGH and SDI have made no final decision to make a binding proposal, and notes there is no certainty that the NBIO will result in a transaction.___________________1Based on a pre-adjusted offer price of A$34.00 per share, reduced by A$1.65 / share for the BSL A$1.00 unfranked special dividend declared 14 January 2026 (ex-dividend date 20 January 2026) and A$0.65 unfranked interim dividend declared 16 February 2026 (ex-dividend date 20 February 2026).2Based on BSL's closing share price of A$23.66 per share on 11 December 2025, less A$1.65 per share as described in Footnote 1.3Adjusted for dividends as described in Footnote 1.4Based on BSL's 52-week VWAP of A$22.44 per share up to and including 11 December 2025, less A$1.65 per share as described in Footnote 1.5Based on BSL's 15-year high of A$26.15 per share up to and including 11 December 2025, less A$1.65 per share as described in Footnote 1.










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Original: SGH and Steel Dynamics confirm best and final A$32.35 share proposal¹ to acquire BlueScope Steel Ltd

Steel Dynamics stock advances after Q4 profit tops forecastsJanuary 26, 2026 2:44 PM
IH Market News
Steel Dynamics, Inc. (NASDAQ:STLD) shares climbed 2.6% after the company reported fourth-quarter earnings that came in ahead of market expectations, even as revenue missed consensus estimates.The steelmaker delivered net income of $266 million for the quarter, equal to $1.82 per diluted share, beating analysts’ forecasts of $1.69 per share. Quarterly revenue totaled $4.4 billion, below the expected $4.53 billion. Results marked a sequential slowdown from the third quarter, when net income reached $404 million, or $2.74 per diluted share.“The teams delivered solid operational and financial performance across our operating platforms in 2025,” said Mark D. Millett, Chairman and Chief Executive Officer. “This performance demonstrates the strength and consistency of our cash generation, as we generated $1.4 billion in cash flow from operations during the year.”For the full year 2025, Steel Dynamics reported net sales of $18.2 billion, up 3.6% from $17.5 billion in 2024, while achieving record steel shipments of 13.7 million tons.Operating income from steel operations in the fourth quarter totaled $322 million, down 35% from the previous quarter. The decline reflected lower average selling prices and reduced shipment volumes tied to seasonal demand softness and scheduled maintenance outages at flat-rolled steel facilities. Average external selling prices fell $12 sequentially to $1,107 per ton.Looking ahead, management struck an optimistic tone on demand trends. “We anticipate that improving market conditions, including increased trade stability and a more favorable interest rate environment, will support solid domestic demand for steel and aluminum products,” Millett added.Steel Dynamics stock price

Original: Steel Dynamics stock advances after Q4 profit tops forecasts

Steel Dynamics Reports Fourth Quarter and Annual 2025 ResultsJanuary 26, 2026 12:00 PM
PR Newswire (US)

FORT WAYNE, Ind., Jan. 26, 2026 /PRNewswire/ --







Annual 2025 Performance Highlights:Successful production and qualifications of industrial, beverage can, and automotive quality flat rolled aluminum productsSuccessful production and consumption of biocarbon materialRecord steel shipments of 13.7 million tonsNet sales of $18.2 billion, operating income of $1.5 billion, and net income of $1.2 billionAdjusted EBITDA of $2.2 billion and cash flow from operations of $1.4 billionLiquidity of over $2.2 billionShare repurchases of $901 million of the company's common stock, representing over four percent of its outstanding sharesSteel Dynamics, Inc. (NASDAQ/GS: STLD) today announced fourth quarter and annual 2025 financial results. The company reported fourth quarter 2025 net sales of $4.4 billion and net income of $266 million, or $1.82 per diluted share.  Comparatively, the company's sequential third quarter 2025 net income was $404 million, or $2.74 per diluted share, and prior year fourth quarter net income was $207 million, or $1.36 per diluted share."The teams delivered solid operational and financial performance across our operating platforms in 2025, generating annual net sales of $18.2 billion, operating income of $1.5 billion, and adjusted EBITDA of $2.2 billion," said Mark D. Millett, Chairman and Chief Executive Officer. "This performance demonstrates the strength and consistency of our cash generation, as we generated $1.4 billion in cash flow from operations during the year, after investing $450 million in growth working capital associated with our new aluminum products platform. Our three-year after-tax return-on-invested-capital of 14 percent is a testament to our ongoing high-return capital allocation strategy. We are growing, returning capital to shareholders, and maintaining strong returns as compared to best-in-class domestic manufacturers."The aluminum and biocarbon teams continue to make strong progress," continued Millett. "We have successfully produced finished aluminum flat-rolled products for the industrial and beverage can markets, as well as hot band for the automotive sector. Although there is still work ahead, the team has strong momentum and achieved positive EBITDA in December, positioning us well as we continue commissioning and ramping operations. Additionally, the SDI Biocarbon Solutions team is continuing to refine operations and increase production, providing a significantly lower-carbon supply chain opportunity for our steel and steel fabrication customers."We also achieved record annual steel shipments as imports declined from the elevated levels experienced during the first half of the year and as Sinton's year-over-year operating performance improved," said Millett. "We are seeing an improved flat rolled steel market environment, supported by domestic trade actions, manufacturing onshoring, infrastructure program funding, lower interest rates, and the increasing regionalization of supply chains in the U.S. Long product steel demand remains very strong, especially for structural steel and railroad rail. Looking ahead, we expect to benefit from strong demand across our platforms."Fourth Quarter 2025 CommentsFourth quarter 2025 operating income for the company's steel operations was $322 million, or 35 percent lower than sequential third quarter results, due to lower average realized selling values and lower volumes related to both seasonal demand and planned maintenance outages at the company's flat rolled steel mills. In addition to lower seasonal activity, some of the planned maintenance outages were longer in duration than originally anticipated and decreased volume in the fourth quarter by an estimated 140,000 to 150,000 tons of flat rolled steel production. The fourth quarter 2025 average external product selling price for the company's steel operations decreased $12 sequentially to $1,107 per ton. The average ferrous scrap cost per ton melted at the company's steel mills decreased $7 per ton sequentially to $374 per ton. Average realized flat rolled steel pricing declined in the quarter based on lagging priced contracts, while long product steel prices increased as demand for structural and rail products was strong. The energy, non-residential construction, automotive, and industrial sectors led steel demand in the quarter.Fourth quarter 2025 operating income from the company's metals recycling operations was $19 million, or $13 million lower than sequential earnings, based on lower selling values and decreased shipments across the platform.   The company's steel fabrication operations generated operating income of $91 million in the fourth quarter 2025, lower than sequential third quarter results of $107 million, based on seasonally lower shipments more than offsetting modest metal spread expansion, as average selling values improved slightly and steel raw material costs declined. Order activity remained steady in the quarter, with the order backlog maintaining solid levels extending through the first half 2026, supported by stable pricing. Demand was largely driven by the commercial, data center, manufacturing, warehouse, and healthcare sectors. Looking ahead, the pace of domestic manufacturing investment, increased domestic onshoring activity, and momentum from the U.S. infrastructure program are expected to further support demand.On November 21, 2025, the company issued $800 million in unsecured notes, comprised of $650 million of 4.000% notes due 2028 and $150 million of 5.250% notes due 2035. The net proceeds from the notes were used to redeem the company's $400 million 5.000% Notes due 2026 and for other general corporate purposes.Based on the company's differentiated business model and highly variable cost structure, the company generated cash flow from operations of $273 million during the quarter. The company also invested $188 million in capital investments, paid cash dividends of $73 million, and repurchased $240 million of its outstanding common stock, representing one percent of its outstanding shares.Annual 2025 ComparisonAnnual 2025 net income was $1.2 billion, or $7.99 per diluted share, with net sales of $18.2 billion, as compared to net income of $1.5 billion, or $9.84 per diluted share, with net sales of $17.5 billion for the same period in 2024.Annual 2025, net sales increased 3.6 percent to $18.2 billion, and operating income declined 24 percent to $1.5 billion, when compared to the same period of 2024. Decreased earnings were the result of lower realized pricing in the company's steel and steel fabrication operations. Annual 2025 operating income from the company's steel operations and steel fabrication operations declined $155 million and $260 million, respectively, when compared to the prior year. The average 2025 external selling price for the company's steel operations decreased $15 to $1,089 per ton compared to 2024, and the average ferrous scrap cost per ton melted at the company's steel mills increased $1 to $387 per ton.Based on the company's differentiated circular business model and highly-variable cost structure, the company generated strong cash flow from operations of $1.4 billion during 2025. The company also invested $948 million in organic growth investments, paid cash dividends of $291 million, and repurchased $901 million of its outstanding common stock, representing over four percent of its outstanding shares, all while maintaining strong liquidity of $2.2 billion as of December 31, 2025.Outlook  "We anticipate that improving market conditions, including increased trade stability and a more favorable interest rate environment, will support solid domestic demand for steel and aluminum products," continued Millett. "Steel pricing has improved, and customer optimism remains solid across our businesses, as demand continues to be steady. Additionally, discussions with our customers further underscore the growing importance of lower-carbon, domestically produced steel and aluminum products, positioning our businesses for a sustainable long-term competitive advantage. As unfair trade practices diminish, policy clarity improves, and U.S. manufacturing continues to expand, we believe a favorable market environment will follow."The aluminum team is continuing with the successful commissioning and startup of the company's Columbus, Mississippi aluminum flat rolled products mill and San Luis Potosi satellite recycled aluminum slab center. The cast houses and hot strip mill are operating extremely well, and commissioning is ongoing in other areas of the facility. The teams shipped products for the industrial and beverage can sectors, receiving product qualifications from several customers. They also produced and shipped aluminum hot band for use in automotive applications. We continue commissioning the cold mill and other downstream operations, including the CASH line. It is an extremely exciting time for all of us. There is still much to be done, yet much has also been accomplished."We have deliberately aligned our growth strategy with our customers' developing needs, prioritizing product excellence, supply-chain efficiency, and sustainability. Building on our strong positions in steel, we are expanding into high recycled-content aluminum to serve adjacent markets where customer demand is accelerating. This opportunity spans the counter-cyclical beverage can and packaging segment and extends to automotive, industrial, and construction applications. Backed by a performance-based culture and a proven ability to develop and operate cost-efficient, high-margin mills, we are well positioned to deliver attractive long-term value through this expansion."Our unwavering commitment to the health and safety of our teams, families, and communities underpins our ability to meet both current and future customer needs. Our differentiated culture and business model continue to drive performance, while strong cash flow generation and disciplined execution of our long-term strategy are strengthening our financial position," concluded Millett.Conference Call and WebcastSteel Dynamics, Inc. will hold a conference call to discuss fourth quarter and annual 2025 operating and financial results on Monday, January 26, 2026, at 11:00 a.m. Eastern Standard Time. You may access the call and find dial-in information on the Investors section of the company's website at www.steeldynamics.com.  A replay of the call will be available on our website until 11:59 p.m. Eastern Standard Time on February 2, 2026.About Steel Dynamics, Inc.Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company is also in aluminum operations, further diversifying its product offerings to supply aluminum flat rolled products with higher recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products.Note Regarding Financial MetricsThe company believes that after-tax return-on-invested capital (After-tax ROIC) provides an indication of the effectiveness of the company's invested capital and is calculated as follows:      After-tax
ROIC =Net Income Attributable to Steel Dynamics, Inc.(Quarterly Average Current Maturities of Long-term Debt + Long-term Debt + Total Equity)Note Regarding Non-GAAP Financial MeasuresThe company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). Management believes that the non-GAAP financial measures EBITDA and Adjusted EBITDA provide additional meaningful information regarding the company's performance and financial strength. Non-GAAP financial measures should be viewed in addition to and not as an alternative for the company's reported results prepared in accordance with GAAP. In addition, not all companies use identical calculations for EBITDA or Adjusted EBITDA; therefore, EBITDA and Adjusted EBITDA included in this release may not be comparable to similarly titled measures of other companies.Forward-Looking Statements This press release contains some predictive statements about future events, including statements related to conditions in domestic or global economies, conditions in steel, aluminum, and recycled metals market places, Steel Dynamics' revenues, costs of purchased materials, future profitability and earnings, and the operation of new, existing or planned facilities. These statements, which we generally precede or accompany by such typical conditional words as "anticipate", "intend", "believe", "estimate", "plan", "seek", "project", or "expect", or by the words "may", "will", or "should", are intended to be made as "forward-looking", subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These statements speak only as of this date and are based upon information and assumptions, which we consider reasonable as of this date, concerning our businesses and the environments in which they operate. Such predictive statements are not guarantees of future performance, and we undertake no duty to update or revise any such statements. Some factors that could cause such forward-looking statements to turn out differently than anticipated include: (1) domestic and global economic factors; (2) global steelmaking overcapacity and imports of steel, together with increased scrap prices; (3) pandemics, epidemics, widespread illness or other health issues; (4) the cyclical nature of the steel industry and the industries we serve; (5) volatility and major fluctuations in prices and availability of scrap metal, scrap substitutes and supplies, and our potential inability to pass higher costs on to our customers; (6) cost and availability of electricity, natural gas, oil, and other energy resources are subject to volatile market conditions; (7) increased environmental, greenhouse gas emissions and sustainability considerations from our customers and investors or related regulations; (8) compliance with and changes in environmental and remediation requirements; (9) significant price and other forms of competition from other steel and aluminum producers, scrap processors and alternative materials; (10) availability of an adequate source of supply of scrap for our metals recycling operations; (11) cybersecurity threats and risks to the security of our sensitive data and information technology; (12) the implementation of our growth strategy; (13) our ability to retain, develop, and attract key personnel; (14) litigation and legal compliance; (15) unexpected equipment downtime or shutdowns; (16) governmental agencies may refuse to grant or renew some of our licenses and permits; (17) our senior unsecured credit facility contains, and any future financing agreements may contain, restrictive covenants that may limit our flexibility; and (18) the impacts of impairment charges.More specifically, we refer you to our more detailed explanation of these and other factors and risks that may cause such predictive statements to turn out differently, as set forth in our most recent Annual Report on Form 10-K under the headings Special Note Regarding Forward-Looking Statements and Risk Factors, in our Quarterly Reports on Form 10-Q, or in other reports which we file with the Securities and Exchange Commission. These reports are available publicly on the Securities and Exchange Commission website, www.sec.gov, and on our website, www.steeldynamics.com under "Investors – SEC Filings." Steel Dynamics, Inc.CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (in thousands, except per share data)

















Three Months Ended
Year Ended
Three Months

December 31,
December 31,
Ended

2025
2024
2025
2024
Sept. 30, 2025



























Net sales
$4,414,048
$3,872,138
$18,176,581
$17,540,390
$4,828,215Costs of goods sold

3,884,757

3,430,404

15,784,398

14,737,804

4,070,335      Gross profit

529,291

441,734

2,392,183

2,802,586

757,880















Selling, general and administrative expenses

184,646

176,904

765,308

664,119

200,844Profit sharing

27,196

19,755

122,986

164,904

42,389Amortization of intangible assets

7,219

7,573

27,903

30,526

6,890      Operating income

310,230

237,502

1,475,986

1,943,037

507,757















Interest expense, net of capitalized interest

26,958

14,579

70,043

56,347

13,573Other (income) expense, net

(27,333)

(21,040)

(87,028)

(96,191)

(19,662)      Income before income taxes

310,605

243,963

1,492,971

1,982,881

513,846















Income tax expense

46,090

34,091

305,660

432,925

109,920      Net income

264,515

209,872

1,187,311

1,549,956

403,926Net loss (income) attributable to noncontrolling interests

1,518

(2,579)

(1,716)

(12,822)

(241)      Net income attributable to Steel Dynamics, Inc.
$266,033
$207,293
$1,185,595
$1,537,134
$403,685































Basic earnings per share attributable to














   Steel Dynamics, Inc. stockholders
$1.83
$1.36
$8.02
$9.89
$2.75















Weighted average common shares outstanding

145,627

152,096

147,806

155,420

146,947















Diluted earnings per share attributable to














   Steel Dynamics, Inc. stockholders, including the














   effect of assumed conversions when dilutive
$1.82
$1.36
$7.99
$9.84
$2.74















Weighted average common shares














   and share equivalents outstanding

146,249

152,801

148,404

156,136

147,600































Dividends declared per share
$0.50
$0.46
$2.00
$1.84
$0.50 Steel Dynamics, Inc.CONSOLIDATED BALANCE SHEETS (in thousands)







December 31,

December 31,Assets2025

2024
(unaudited)



Current assets





   Cash and equivalents $769,878

$589,464   Short-term investments
-


147,811   Accounts receivable, net
1,682,660


1,417,199   Inventories
3,738,516


3,113,733   Other current assets
293,117


163,131      Total current assets
6,484,171


5,431,338






Property, plant and equipment, net
8,569,466


8,117,988






Intangible assets, net
331,290


227,234






Goodwill
477,471


477,471






Other assets
550,456


681,202      Total assets $16,412,854

$14,935,233Liabilities and Equity





Current liabilities





   Accounts payable $1,231,358

$979,912   Income taxes payable
67,315


3,783   Accrued expenses
788,926


739,898   Current maturities of long-term debt
34,655


426,990      Total current liabilities
2,122,254


2,150,583






Long-term debt
4,176,508


2,804,017






Deferred income taxes
997,449


902,186






Other liabilities
186,232


133,201      Total liabilities
7,482,443


5,989,987






Commitments and contingencies












Redeemable noncontrolling interests
141,226


171,212






Equity





   Common stock
653


652   Treasury stock, at cost
(7,980,549)


(7,094,266)   Additional paid-in capital
1,248,634


1,229,819   Retained earnings
15,689,042


14,798,082   Accumulated other comprehensive loss
(598)


-      Total Steel Dynamics, Inc. equity
8,957,182


8,934,287   Noncontrolling interests
(167,997)


(160,253)      Total equity
8,789,185


8,774,034      Total liabilities and equity $16,412,854

$14,935,233 Steel Dynamics, Inc.CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands)












Three Months Ended
Year Ended
December 31,
December 31,
2025
2024
2025
2024









Operating activities:










   Net income$264,515
$209,872
$1,187,311
$1,549,956











   Adjustments to reconcile net income to net cash provided by










      operating activities:










      Depreciation and amortization
146,282

125,550

551,390

478,907      Equity-based compensation
23,642

25,136

68,983

66,589      Deferred income taxes
(108,551)

(40,968)

94,397

(42,583)      Other adjustments
2,863

(7,286)

(10,208)

(5,507)      Changes in certain assets and liabilities:










         Accounts receivable
187,306

147,758

(157,456)

191,108         Inventories
(338,329)

(69,535)

(423,435)

(221,036)         Other assets
(18,399)

8,336

(77,276)

(13,718)         Accounts payable
(31,673)

(55,757)

206,843

(67,361)         Income taxes receivable/payable
157,144

3,166

52,179

10,183         Accrued expenses
(12,088)

600

(43,194)

(102,035)      Net cash provided by operating activities
272,712

346,872

1,449,534

1,844,503











Investing activities:










   Purchases of property, plant and equipment
(188,496)

(453,175)

(948,025)

(1,868,006)   Purchases of short-term investments
-

(39,461)

(39,571)

(739,340)   Proceeds from maturities of short-term investments
-

536,443

186,996

1,312,294   Business combination, net of cash acquired
(175,774)

-

(175,774)

-   Other investing activities
(5,704)

7,348

1,417

(8,308)      Net cash (used in) provided by investing activities
(369,974)

51,155

(974,957)

(1,303,360)











Financing activities:










   Issuance of current and long-term debt
1,255,497

337,381

3,553,683

2,482,919   Repayment of current and long-term debt
(824,441)

(792,089)

(2,567,864)

(2,324,058)   Dividends paid
(73,078)

(70,400)

(291,176)

(282,616)   Purchase of treasury stock
(240,296)

(295,140)

(900,870)

(1,212,164)   Other financing activities
(20,845)

(3,525)

(88,088)

(16,678)      Net cash provided by (used in) financing activities
96,837

(823,773)

(294,315)

(1,352,597)











Increase (decrease) in cash, cash equivalents, and restricted cash
(425)

(425,746)

180,262

(811,454)Cash, cash equivalents, and restricted cash at beginning of period
775,697

1,020,756

595,010

1,406,464Cash, cash equivalents, and restricted cash at end of period $775,272
$595,010
$775,272
$595,010























Supplemental disclosure information:










   Cash paid for interest$67,890
$41,512
$156,749
$100,978   Cash paid for income taxes, net$1,338
$80,308
$152,000
$463,763 Steel Dynamics, Inc.SUPPLEMENTAL INFORMATION (UNAUDITED)(dollars in thousands)


Fourth Quarter
Year to Date










2025
2024
2025
2024
1Q 2025
2Q 2025
3Q 2025External Net Sales




















   Steel
$3,141,366
$2,645,994
$13,021,977
$12,061,484
$3,067,016
$3,275,551
$3,538,044   Steel Fabrication

347,252

396,226

1,417,890

1,763,502

352,307

340,648

377,683   Metals Recycling

463,039

482,081

2,041,641

2,005,134

534,895

522,721

520,986   Aluminum

157,747

60,099

361,094

258,547

66,576

65,632

71,139   Other

304,644

287,738

1,333,979

1,451,723

348,401

360,571

320,363Consolidated Net Sales
$4,414,048
$3,872,138
$18,176,581
$17,540,390
$4,369,195
$4,565,123
$4,828,215Operating Income (Loss)




















   Steel
$322,337
$164,989
$1,432,390
$1,586,904
$229,963
$382,196
$497,894   Steel Fabrication

90,545

142,189

407,425

666,984

116,745

93,115

107,020   Metals Recycling

18,642

23,361

97,175

76,807

25,710

21,290

31,533   Aluminum

(47,098)

(28,896)

(172,970)

(72,331)

(28,735)

(40,627)

(56,510)


384,426

301,643

1,764,020

2,258,364

343,683

455,974

579,937





















   Non-cash amortization of intangible assets

(7,219)

(7,573)

(27,903)

(30,526)

(6,897)

(6,897)

(6,890)   Profit sharing expense

(27,196)

(19,755)

(122,986)

(164,904)

(22,695)

(30,706)

(42,389)   Non-segment operations

(39,781)

(36,813)

(137,145)

(119,897)

(38,947)

(35,516)

(22,901)Consolidated Operating Income
$310,230
$237,502
$1,475,986
$1,943,037
$275,144
$382,855
$507,757Adjusted EBITDA




















      Net income
$264,515
$209,872
$1,187,311
$1,549,956
$217,679
$301,191
$403,926      Income taxes

46,090

34,090

305,660

432,924

62,975

86,675

109,920      Net interest expense (income)

17,135

(3,481)

33,245

(33,738)

2,316

7,025

6,769      Depreciation

136,467

116,147

515,425

441,584

125,122

124,003

129,833      Amortization of intangible assets

7,219

7,573

27,903

30,526

6,897

6,897

6,890 EBITDA

471,426

364,201

2,069,544

2,421,252

414,989

525,791

657,338      Non-cash adjustments




















         Unrealized (gains) losses on derivatives




















         and currency remeasurement

9,482

(17,703)

14,624

6,882

19,153

(6,197)

(7,814)         Equity-based compensation

24,513

25,121

66,759

65,624

14,181

13,819

14,246Adjusted EBITDA
$505,421
$371,619
$2,150,927
$2,493,758
$448,323
$533,413
$663,770





















Other Operating Information




















   Steel




















      Average external sales price (Per ton)
$1,107
$1,011
$1,089
$1,104
$998
$1,134
$1,119      Average ferrous cost (Per ton melted)
$374
$370
$387
$386
$386
$408
$381





















      Flat Roll shipments




















         Butler, Columbus, and Sinton

1,902,346

1,841,745

8,115,111

7,702,731

2,119,187

1,952,228

2,141,350         Steel Processing divisions *

556,336

460,162

2,071,765

1,779,429

492,627

479,102

543,700      Long Product shipments




















         Structural and Rail Division

445,978

362,650

1,842,616

1,625,913

437,398

468,827

490,413         Engineered Bar Products Division

170,539

151,239

730,691

714,509

191,658

190,612

177,882         Roanoke Bar Division

139,287

123,133

593,290

516,258

144,186

151,828

157,989         Steel of West Virginia

89,648

81,387

395,328

321,647

96,483

107,201

101,996Total Shipments (Tons)

3,304,134

3,020,316

13,748,801

12,660,487

3,481,539

3,349,798

3,613,330





















External Shipments (Tons)

2,837,126

2,617,914

11,960,582

10,929,453

3,071,735

2,888,916

3,162,805





















Steel Mill Production (Tons)

2,838,233

2,663,444

11,877,554

11,242,676

3,021,593

2,949,936

3,067,792





















   Metals Recycling




















      Nonferrous shipments (000's of pounds)

195,003

226,434

916,502

965,491

233,080

245,577

242,842      Ferrous shipments (Gross tons)

1,521,629

1,421,021

6,160,797

5,850,544

1,452,432

1,596,583

1,590,153         External ferrous shipments (Gross tons)

507,102

529,335

2,147,762

2,194,510

557,618

545,022

538,020   Steel Fabrication




















      Average sales price (Per ton)
$2,509
$2,718
$2,529
$2,917
$2,599
$2,517
$2,495      Shipments (Tons)

138,375

145,901

560,866

607,407

135,581

135,347

151,563





















*   Includes Heartland, The Techs, United Steel Supply, and New Process Steel (beginning December 1, 2025) operations


 



View original content to download multimedia:https://www.prnewswire.com/news-releases/steel-dynamics-reports-fourth-quarter-and-annual-2025-results-302669753.htmlSOURCE Steel Dynamics, Inc.

Original: Steel Dynamics Reports Fourth Quarter and Annual 2025 Results

STLD, reports Monday

RIP Danny....

https://www.dignitymemorial.com/obituaries/fort-wayne-in/daniel-rifkin-12325627

Bet ya wish you owned this now.

$STLD: CyberTruck gonna use $STLD's Cold-Rolled STEEL


I guess I'll step in for a buy at around $55


Currently at $67


https://twitter.com/Model3Owners/status/1433215539699126274?s=20




GO $STLD

Buy as much possible. Earth in despair, attack by mother nature.

Horror In China. Black rain destroys Hong Kong.


The pain of the Earth drowns Europe. A terrible flood in Switzerland


Germany is sinking! The flood and storm heard Momlingen moan


Russia is in despair. Heavy downpour flooded Moscow, causing colossal damage


Armageddon destroys Europe. The elements hit Germany


Climatic destruction of Europe. A giant hailstorm hits Pozega in Croatia


The suffering of Europe has begun! Murcia, a city in southeastern Spain, was flooded


A terrible disaster struck Nepal. Severe flooding in Manang


Footage of the disappearance of the Crimean peninsula. Terrible flood in Yalta, Russia


The Sun Disappeared and the Day Turns into Darkness! ???? A Terrible Storm Hits Moscow, Russia


Incredible Amazing Footage ! Terrible Storm Hits Oman, and Flash Floods Turn the Desert into Rivers!


The apocalypse is near! Footage of severe flooding in Taipei, Taiwan


I don't care what the fake news says, these places are destroyed and the reason HRC is on fire and going to $1800 based on future prices.

The entire Earth is in trouble. Pray

Short attack on all U.S. steel stocks. Hedge Funds will burn as margin calls now, have to be paid in gold.

Shorts will lose, Shorts about to be pinched

Steel stocks are being ripped off to support the Tesla Scam with NASA ripping off American tax dollars to launder tax payer funds.

It's worse than Bernie Madoff and he's in prison only because he ripped off the elite who are ripping off the public.

China is completely destroyed. New video shows the massive internal destruction yet China continues to lie to the world because they own the MSM and Wall Street stock manipulators.

There won't be any steel made in China for a long time as power, internal roads, bridges and even train tracks are destroyed.

Iron ore suppliers like BHP and VALE reported the worst first quarter in decades. MSM had better start reporting the truth about the disaster and stop lying to the public. MSM is illegally manipulating U.S. markets to cover up China's enormous loss.

The entire country of China from farm land, manufacturing, ports, rail ways, internal roads and cities. All destroyed.

Video released this morning may not be up long.

$STLD China 3 Gorges Dam is gone. 2 additional dams to the North also lost and gone.

The communist crooks can no longer hide from the truth.

China central banks are collapsing.

Reset to Quantum financial system soon all based on each countries GDP.

The world will never be the same.

Freedom will ring.

Where is Finra? Stocks do not trade like this. Finra allowed Manipulation is going to get that scam wall street pony show closed down.

FINRA allowing hedge fund manipulation on value stocks and steel stocks while halting stocks that hedge funds are losing their shirt on like Game Stop.

Then they do nothing about scams like bitcoin that are not asset backed and have no product. They act like and call bitcoin mined with actual miners when it's an illusion that there is an actual miner when there is none as it's all smoke and mirrors and an actual game being played.

FINRA is the public enemy number one and should be shut down as they are owned by the wall street manipulators and do nothing for the publics protection against fraud and manipulation.

China manipulation at its best. Everybody needs to fill the phone lines to FINRA and the SEC.

China manipulators shorted the entire XME sector because China is 50% under water from steel mills to manufacturing.

China floods worsen. Manufacturing districts completely under water.

China is a total disaster as seen in this video. Manufacturing and farming is a total loss. China GDP, already cut in half.

Hedge fund scammers trying to sell off like gamestop.

Buy the pull back.

Tesla using this Co for its Cyber Truck? Hmmmmm, rumors flying! Mark it

I can’t complain. I did sell a chunk of my position but am still holding some. I think the markets are going to retest the lows in the next month or two.

I would say you did very well with those buys in March!

Guess I’m the only person here. I’m very happy with buys last week.

Added another 1000 shares this morning and it’s up nicely.

Bought 5000 shares yesterday and today. Got the steal of the century.

Buy buy buy

Looking like a buy here

Not sure about you, but this is my favorite big board I trade!

,,,,,,,Invest in steel! NOT!!!!!

I can not understand why this stock is languishing.
They gave guidance at 1.46-1.50. EPS for 2Q.
At that rate they should earn say 5.00 per share for the year
or next 12 months. To oversimplify, a conservative PE of
12= $60 per share which is a 30% advance.
I am long this stock since December 2017.



Steelman3

This one is taking off with trump's new tariff. Domestic steel going up!

Dividend same as last quarter announced
STLD. solidy run company in MHO
The company's board of directors has declared a quarterly cash dividend of $0.1375 per common share. The dividend is payable to shareholders of record at the close of business on September 30, 2015, and is payable on or about October 9, 2015.

About Steel Dynamics, Inc.

Steel Dynamics, Inc. is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with annual sales of $8.8 billion in 2014, approximately 7,700 employees, and manufacturing facilities primarily located throughout the United States (including six steel mills, eight steel coating facilities, an iron production facility, approximately 80 metals recycling locations and eight steel fabrication plants

I own this stock as of this posting

moonshot from 17.97 to 18.17, lol
stld

volume today through the roof already,
10:24 am 701,135 average 10 day 3.0M
STLD

if fed doesn't raise rates in September this could be a good one to trade in and out of in my humble opinion .
it got smacked down yesterday. I bought some shares on the news of a new asset purchase. high volatility for trading long & short
http://www.nasdaq.com/press-release/steel-dynamics-to-expand-its-fabrication-operations-with-decking-asset-acquisition-20150914-00988
STLD

hmmm

Steel Dynamics (NASDAQ:STLD): Q2 EPS of $0.22 in-line.

Revenue of $2B (-3.4% Y/Y) beats by $20M.

$STLD Chart – breaking out past resistance today on strong auto sales numbers –

$STLD Chart – currently trading above the middle Bollinger Band @ 21.78 – that is the Key level to close above & turn into support – $STLD closed below the middle BB on the 12th starting a downtrend – when $STLD turns the middle BB into support a new up trend can begin –

RSI @ 58.01 & in the “bull zone” – Fast Sto @ 78.32 & hitting the 80 overbought/power zone – checkout the last 2 weeks of April on Fast Sto – $STLD has a history of heading higher in the “power zone” – light volume today – the MACD Line is starting to hook up – keep an EYE out for a bullish crossover –

STLD. I love this stock. looking for re-entry

STLD cha ching

$STLD DD Notes ~ http://www.ddnotesmaker.com/STLD


bullish
falling wedge scan
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge_reversal

$STLD recent news/filings

## source: finance.yahoo.com

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read full: http://finance.yahoo.com/news/zacks-industry-outlook-highlights-ak-133336628.html
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Mon, 27 Oct 2014 21:00:16 GMT ~ Why Columbus impacted Steel Dynamics’ investors


read full: http://finance.yahoo.com/news/why-columbus-impacted-steel-dynamics-210016640.html
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Mon, 27 Oct 2014 17:00:22 GMT ~ Why the capacity utilization rate came down at Steel Dynamics


read full: http://finance.yahoo.com/news/why-capacity-utilization-rate-came-170022664.html
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$STLD charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$STLD company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/STLD/company-info
Ticker: $STLD
OTC Market Place: Not Available
CIK code: 0001022671
Company name: Steel Dynamics, Inc.
Company website: http://www.steeldynamics.com
Incorporated In: IN, USA


$STLD share structure

## source: otcmarkets.com

Market Value: $5,415,303,370 a/o Oct 30, 2014
Shares Outstanding: 240,040,043 a/o Jul 31, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$STLD extra dd links

Company name: Steel Dynamics, Inc.
Company website: http://www.steeldynamics.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/STLD/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/STLD/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=STLD+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=STLD+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=STLD+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/STLD/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/STLD/news - http://finance.yahoo.com/q/h?s=STLD+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/STLD/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/STLD/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/STLD/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/STLD/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/STLD/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/STLD/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/STLD/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/STLD/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=STLD+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/STLD
DTCC (dtcc.com): http://search2.dtcc.com/?q=Steel+Dynamics%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Steel+Dynamics%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Steel+Dynamics%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.steeldynamics.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.steeldynamics.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.steeldynamics.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/STLD/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/STLD
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/STLD/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/STLD/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/STLD/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001022671&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/STLD/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/STLD/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/STLD/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/STLD/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=STLD&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=STLD
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/STLD/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=STLD+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=STLD+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=STLD
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=STLD
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=STLD+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/STLD/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=STLD+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/STLD.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=STLD
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/STLD/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/STLD/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/STLD/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/STLD/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/STLD
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/STLD
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/STLD:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=STLD
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=STLD



$STLD DD Notes ~ http://www.ddnotesmaker.com/STLD

STLD, solid stock in my opinion.

looking for good entry point

STLD climbing