Steel Dynamics Guides Q3 EPS to $5.34-$5.38, Nearly Double Y/Y
Fort Wayne, Ind. – September 19, 2026 -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) guided third-quarter 2026 earnings to a range of $5.34 to $5.38 per diluted share, nearly double the $2.74 per diluted share reported in the prior-year third quarter and up from $3.69 per diluted share in the sequential second quarter.
Steel margins widen as shipments hit record levels
Profitability from steel operations is expected to rise significantly from the second quarter, driven by metal margin expansion and record shipments. The company cited higher average realized steel selling values combined with lower scrap costs, alongside strong customer order activity and persistently low customer inventories. Demand remains solid across non-residential construction, energy, automotive, and industrial end markets.