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

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, up 26-28% from Q1's $2.78 and 75-77% year-over-year, driven by strong steel demand and metal margin expansion as selling prices rose faster than scrap costs.

  Exhibit 99.1 view on EDGAR →
• high

  Steel operations profitability expected meaningfully higher in Q2 versus Q1, with strong order activity supported by low inventories and favorable pricing across non-residential construction, energy, automotive, and industrial markets.

  Exhibit 99.1 view on EDGAR →
• high

  New aluminum mill in Columbus, Mississippi progressing through startup: two of three cold mills operational, third expected to qualify material in July; first automotive-grade CASH line shipping for customer qualification, second line expected Q4 2026.

  Exhibit 99.1 view on EDGAR →