Steel Dynamics reports record Q2 shipments, 79% YoY earnings growth to $534M

Filed July 21, 2026 · Period ending July 20, 2026 · ~1 min read

Key Changes

• high

  Net income rose 79% YoY to $534M ($3.69/share) and 33% sequentially from Q1, driven by record steel shipments of 3.7M tons and improved pricing ($1,298/ton, up $105 sequentially).

  Exhibit 99.1 view on EDGAR →
• high

  Steel operations operating income increased 30% sequentially to $721M as selling prices rose $105/ton while scrap costs increased only $16/ton, expanding metal spreads.

  Exhibit 99.1 view on EDGAR →
• high

  Aluminum operations shipped 53,000 metric tons with operating losses narrowing 48% sequentially to $33M; company expects sharp profitability improvement in H2 2026 as third cold mill starts in August.

  Exhibit 99.1 view on EDGAR →