Steel Dynamics guides Q2 earnings up 26% to $3.51-$3.55/share on steel margin expansion

Filed June 18, 2026 · Period ending June 17, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 earnings guidance of $3.51-$3.55/share represents 26-28% sequential increase from Q1's $2.78/share, driven by steel margin expansion as selling prices rose faster than scrap costs amid strong demand and low inventories.

  Exhibit 99.1 verify on EDGAR →
• high

  Aluminum operations earnings expected to improve significantly in Q2 on increased shipments and higher pricing; two of three cold mills operational, third begins qualifying material in July, first automotive CASH line shipping for customer qualification.

  Exhibit 99.1 verify on EDGAR →
• medium

  Company recorded $16M asset write-down in Q2 after relocating planned Arizona aluminum recycling facility to Columbus, Mississippi due to differences with state officials that risked construction and operations.

  Exhibit 99.1 verify on EDGAR →