Steel Dynamics Guides Q3 Earnings Higher on Strong Steel Operations

05:12 PM EDT, 09/17/2026 (MT Newswires) -- Steel Dynamics (STLD) said Thursday it expects Q3 earnings of $5.34 to $5.38 per diluted share, up from $3.69 in Q2 and $2.74 a year earlier. Analysts polled by FactSet are looking for $5.60. The company said profitability in its steel operations is expected to rise significantly from the previous quarter, driven by wider metal margins, record shipments, higher realized selling prices and lower scrap costs. Customer demand remains solid across nonresidential construction, energy, automotive and industrial markets. Steel Dynamics also said it has repurchased $261 million of common stock so far in Q3. Shares of Steel Dynamics were down 2% in after-hours activity.