Steel Dynamics third-quarter profit rises to $756 million on record shipments. Net sales reached $6.5 billion and diluted earnings per share were $5.26, up from $2.74 a year earlier. The release included no numeric guidance. Oct 20, 2026 Key takeaways. * Steel Dynamics, Inc. (STLD) reported third-quarter 2026 net income of $756 million, or $5.26 per diluted share, on net sales of $6.5 billion. Net income rose from $404 million a year earlier. Operating income was $1.0 billion. The company gave no numeric guidance. Steel Dynamics, Inc. (STLD) said Monday in a press release attached to a regulatory filing that third-quarter 2026 net income was $756 million, or $5.26 per diluted share. Net sales were $6.5 billion, up from $4.8 billion a year earlier. Steel shipments totaled a record 3.8 million tons, compared with 3.6 million tons a year earlier. Here's how the company did: * Diluted earnings per share: $5.26 vs. $2.74 a year earlier * Net sales: $6.51 billion vs. $4.83 billion a year earlier * Net income attributable to Steel Dynamics, Inc.: $756 million vs. $404 million a year earlier * Operating income: $1.01 billion vs. $508 million a year earlier * Adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization, adjusted for non-cash items: $1.19 billion vs. $664 million a year earlier * Cash flow from operations: $846 million vs. $723 million a year earlier Net income was up from $534 million, or $3.69 per diluted share, in the second quarter of 2026. "Throughout the third quarter 2026, steel prices continued to improve and the teams executed well across our steel platform, driving a sequential quarterly increase in consolidated operating income of $306 million, or 44 percent," said Chairman and Chief Executive Officer Mark D. Millett. Operating income for the steel operations was $1.0 billion, 43 percent higher than in the second quarter, according to the filing. The average external selling price rose $102 sequentially to $1,400 per ton, from $1,119 a year earlier. The average ferrous scrap cost fell $8 per ton sequentially to $404 per ton. The company said the energy, non-residential construction, automotive and industrial sectors led steel demand in the quarter. Steel fabrication operating income was $91 million, up from $85 million in the second quarter and down from $107 million a year earlier. The company said its order backlog is 50 percent higher than a year ago and extends into the second quarter of 2027. Metals recycling operating income was $33 million, $15 million lower than in the second quarter, on lower ferrous scrap pricing and metal spread contraction. The figure compares with $32 million a year earlier. Aluminum operations posted an operating loss of $26 million, a 21 percent improvement on the second quarter, as startup costs continued. Aluminum net sales were $476 million, up from $71 million a year earlier. "Our Aluminum platform was EBITDA breakeven for the quarter," Millett said. Flat-rolled sheet shipments were 55,000 metric tons, and hot band production rose to 91,000 metric tons. Volumes ran less than expected over a number of weeks because yield losses rose at higher operating speeds, the company said. It said the cause was a change in hot strip mill rolling coolant composition, which has been made, and that no ongoing additional costs are expected. The first of two Continuous Annealing and Solution Heat (CASH) lines is operating and is expected to ship finished automotive products before the end of the year. The second line is to be commissioned in the coming months and become operational early in the first quarter of 2027. In the quarter, the company generated $846 million of cash from operations. It invested $150 million in capital projects, paid $76 million in cash dividends and repurchased $276 million of its common stock. Liquidity was $2.4 billion as of Sept. 30, 2026. For the first nine months of 2026, net income was $1.7 billion, or $11.72 per diluted share, compared with $920 million, or $6.17 per diluted share, a year earlier. Net sales rose 29 percent to $17.8 billion. Operating income for the first nine months rose 93 percent to $2.2 billion. Steel operations contributed $2.3 billion of that, compared with $1.1 billion a year earlier, the filing showed. Dividends declared were $0.53 per share in the quarter, compared with $0.50 a year earlier. Over the nine months, the company repurchased $591 million, or two percent, of its outstanding common stock. The release contained no numeric guidance. In its outlook, the company said it expects steel and aluminum consumption to benefit from continued investment in infrastructure, manufacturing, energy and data centers. "Looking ahead to 2027 and beyond, we remain optimistic regarding the domestic steel and aluminum industries," Millett said. The company will hold a conference call on Tuesday at 11:00 a.m. Eastern Daylight Time to discuss the results. A replay will be available on its website until Oct. 27, 2026.

SDI promotions include new sustainability EVP. The recycled-content metals producer has promoted Jeff Hansen to senior vice president of environmental sustainability and energy. Published October 20, 2026 Steel Dynamics Inc. (SDI), Fort Wayne, Indiana, has announced six promotions within its executive staff it says have been made in support of continued long-term growth and operational excellence. The company, which makes recycled-content steel and aluminum and operates the Omni network of metals recycling facilities, says three of the promotions took place this Oct. 1, while the other three will be effective Nov. 1, 2026. Among the three that took effect Oct. 1, 2026, Jeff Hansen has been promoted to senior vice president of environmental sustainability and energy at SDI. Since 2021, Hansen has been responsible for the company's strategy concerning environmental sustainability, decarbonization objectives and related capital investments, including oversight of the company's new renewable biocarbon production facility, according to SDI. He will retain those responsibilities, with additional influence over the company's overall energy strategy, says the firm. Hansen joined the company in 1997 and has held various operational and management roles. Also promoted earlier this month were Chad Bickford, who now is senior vice president of steel fabrication, and William T. (Tommy) Scruggs, now serving as senior vice president of flat-rolled commercial and processing.

Steel Dynamics stock and the onshore Low Carbon Steel shift. September 05, 2026 Hyundai Steel and POSCO just committed $5.8b to a low carbon steel mill in Louisiana, which quietly reshapes who supplies the metal that goes into North American cars. That kind of onshore shift can create winners and leave others on the sidelines. This article walks through three stocks linked to this news, how their exposure might help or hurt, and what that could mean for your portfolio decisions. The three stocks covered below are just a starting sample. The full screen surfaced 7 more companies with equally compelling low carbon and auto steel narratives that are not included in this article. If you want to identify potential leaders for this onshore shift, head straight to the North American Low-Carbon Steel & Auto Buyers screener. Overview: Steel Dynamics is a U.S. steel producer and metal recycler that uses scrap-fed electric arc furnaces to supply lower carbon flat rolled and long steel products to construction, automotive, manufacturing and other industrial customers, with an integrated recycling and fabrication footprint across the country. It also produces non residential building components and recycled aluminum sheet, giving buyers of domestic and automotive grade steel and aluminum a vertically linked supplier. Operations: Steel Dynamics generates about US$14.7b of revenue from Steel Operations, US$4.5b from Metals Recycling, US$1.7b from Other activities, US$1.5b from Steel Fabrication and just over US$1.0b from Aluminum, with roughly US$19.2b of its US$20.5b total revenue earned in the United States. Market Cap: US$35.3b Steel Dynamics provides direct exposure to U.S. lower carbon, onshore steel at scale, with its scrap based EAF mills and recycling network closely aligned to automakers and industrial customers that are under rising emissions pressure. Recent earnings strength, tariff support and analyst interest indicate that the market is paying attention. At the same time, the stock still carries typical steel cycle risks related to construction and auto demand, as well as capital spending on new aluminum and decarbonization projects that could affect cash flow if execution slips. For investors watching Hyundai and POSCO commit billions to U.S. green steel, Steel Dynamics is already positioned in that same current. The balance between these opportunities and risks is where the core investment debate begins. Steel Dynamics appears to be a pure play on low carbon, onshore steel, but the real story may be how its earnings mix and investment plans line up for the next phase. Get the 2 key rewards and 1 important warning sign Overview: Ferroglobe produces silicon metal and manganese based alloys that are essential ingredients in steelmaking and aluminum, feeding into construction, auto, solar and electronics supply chains, which ties it indirectly into the push for more domestic and potentially lower carbon steel production in North America. Market Cap: US$846.5 million Ferroglobe provides exposure to the alloy side of the low carbon steel story, rather than the mills themselves. The company supplies silicon and manganese products used to clean up and strengthen steel, which becomes more important as North American producers invest in electric furnaces and onshore capacity. There is a clear tension here. Trade protections and potential antidumping actions can support pricing and local volumes, yet the business has a history of losses and relies heavily on policy and disciplined global supply to improve margins. Alongside this, the company has provided small but ongoing shareholder returns through dividends and buybacks, and it has planned U.S. expansion projects. Overall, this is a stock where the potential upside depends on how confidently investors view the interaction of policy, supply discipline and profitability. Ferroglobe sits where policy, pricing power and U.S. expansion plans intersect, yet the market may not be pricing that mix with much confidence. See how the analysis report for Ferroglobe reframes the risk reward story right at the alloy level. Overview: POSCO Holdings is a Korean integrated steel producer that manufactures and trades a wide range of steel products for auto, construction and industrial customers, while also expanding into battery materials and energy related businesses. Alongside its core steel operations, the company is building positions in secondary battery materials, eco friendly infrastructure and energy solutions across global markets. Operations: POSCO Holdings generates most of its revenue from Steel at ₩59,912,489 million and Eco Friendly Infrastructure Sector (Trade) at ₩44,664,483 million, with smaller contributions from Eco Friendly Infrastructure Sector (Erection) at ₩6,990,477 million, Eco Friendly Infrastructure (Logistics, Etc.) at ₩3,858,420 million, Materials of Secondary Battery at ₩3,675,548 million and Other at ₩1,657,165 million, offset by a segment adjustment of ₩48,145,920 million. Market Cap: ₩25.5 trillion POSCO Holdings gives you a different angle on the North American low carbon and auto steel story because it is a global integrated producer that is building EAF and hydrogen based HyREX technology at home. The company is also using a new U.S. electric furnace project with Hyundai to work around steep tariffs that have capped its direct exports to the region at about 2% of volume. That mix of green steel investment, a growing battery materials arm and active debt and portfolio management could matter if lithium, EV demand and premium steel grades gain traction. Investors still have to weigh trade barriers, capital intensive projects and historically low returns on equity. The key consideration is how much of that transition is already reflected in POSCO Holdings valuation and earnings trajectory. POSCO Holdings is working to bring together green steel, U.S. capacity and battery materials into a single narrative, but the key question is how that combination might reshape growth. See the analyst forecasts for POSCO Holdings to gauge where expectations could be out of sync. Seeking alternatives before the crowd moves. Fresh ideas do not stay under the radar for long. Once momentum builds, prices can move fast and ideal entry points can pass by quickly. Consider researching opportunities early. * Identify cash rich compounding opportunities before others focus on them by running the list of solid balance sheet and fundamentals (52 results) while the data still feels fresh and less followed. * Explore potential income opportunities by scanning for resilient high yield payers through the 11 dividend fortresses while prices and yields still reflect today's conditions. * Evaluate possible energy infrastructure ideas by filtering specialist operators with the 91 nuclear energy infrastructure stocks while this theme remains less widely discussed. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. New: manage all your stock Portfolios in one place. - Connect an unlimited number of Portfolios and see your total in one currency - Be alerted to new Warning Signs or Risks via email or mobile - Track the Fair Value of your stocks Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]