Steel Dynamics Forecasts Strong Q2 2026 Earnings on Robust Steel Demand

SEATTLE (Scrap Monster): Fort Wayne, Indiana-based Steel Dynamics, Inc. (SDI) expects second-quarter 2026 earnings to range between $3.51 and $3.55 per diluted share. This represents a notable jump from $2.78 per share in the first quarter and $2.01 per share reported in the corresponding quarter last year.

The earnings outlook includes a $16 million reduction related to asset write-downs, following the company’s recent decision to relocate its planned second satellite aluminum recycled slab center from Arizona to Columbus, Mississippi.

The company’s steel operations are projected to deliver significantly stronger results in the second quarter. This is mainly due to robust demand for steel products, expanding metal margins, and favorable pricing conditions. The jump in scrap raw material costs will be offset by higher realized selling prices, it said.

Steel Dynamics, Inc. expects earnings from its metals recycling business to remain largely unchanged from the previous quarter. The steel fabrication earnings are forecast to be slightly lower due to increased steel input costs.

Meanwhile, the company’s aluminum operations are expected to witness significant improvement, driven by increased shipments and higher realized pricing.

Steel Dynamics Inc. repurchased $170 million worth of shares during the quarter.

The company’s second quarter 2026 earnings is scheduled to be declared after the market closes on July 20, 2026.