Steel Dynamics (STLD): Record Steel Shipments Lift Quarterly Earnings

Why it is trending

Record steel shipments and wider steel margins supported sharply higher earnings, while a growing fabrication backlog improved revenue visibility. The aluminum expansion is progressing, although operating losses continue to weigh on results.

Sector

Materials — Steel and metals.

Recent earnings

Third-quarter 2026 sales rose 34.8% year over year to $6.51 billion. Net income attributable to Steel Dynamics increased to $756 million from $404 million, and GAAP diluted EPS rose to $5.26 from $2.74. Operating cash flow reached $846 million.

EPS fell below management’s $5.34–$5.38 guidance. Aluminum achieved EBITDA breakeven but recorded a $26 million operating loss. Management changed the coolant composition after a quality issue constrained output.

ATA Ultimate Swing Algorithm V2 Review

TF1 Daily: SELL bias — small black dots.

TF2 Weekly: BUY bias — large green diamonds.

WE PREPARE FOR THE NEXT MOVE RATHER THAN PREDICT IT.

Monday October 19, 2026