---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-082573"
form_type: "8-K"
ticker: "STLD"
cik: "0001022671"
company_name: "STEEL DYNAMICS INC"
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:20:17.380832+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Steel Dynamics Q2 net income $812M ($4.81 EPS); YoY down but sequential improvement

## Summary
- Q2 net income $812M ($4.81 EPS); YoY down 33% but up 28% sequentially.
- Steel ops operating income $706M (more than double Q1); shipments 3.2M tons.
- Steel fabrication ops income $462M, strong but below Q1.
- Cash flow from ops $808M; $380M share repurchases; liquidity $3.5B.
- Credit upgrades to investment grade from Moody's and S&P Global.

## SEC filing metadata
- accession: 0001104659-23-082573
- form_type: 8-K
- ticker: STLD
- cik: 0001022671
- company_name: STEEL DYNAMICS INC
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022671/000110465923082573/0001104659-23-082573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022671/000110465923082573/tm2321683d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-082573
- JSON: https://secwatch.observer/filing/0001104659-23-082573.json
- Plain text: https://secwatch.observer/filing/0001104659-23-082573.txt

## Key facts
- Earnings Releases
  STEEL DYNAMICS INC reported the six months ended June 30, 2023 results: revenue $10.0 billion, net income $1.4 billion, EPS $8.49 per diluted share.
  - Period: the six months ended June 30, 2023
  - Revenue: $10.0 billion
  - Net income: $1.4 billion
  - EPS: $8.49 per diluted share
  - Result: reported results
  source text: For the six months ended June 30, 2023, net income was $1.4 billion, or $8.49 per diluted share, with net sales of $10.0 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022671/000110465923082573/0001104659-23-082573-index.htm
- Earnings Releases
  STEEL DYNAMICS INC reported second quarter 2023 results: revenue $5.1 billion, net income $812 million, EPS $4.81 per diluted share.
  - Period: second quarter 2023
  - Revenue: $5.1 billion
  - Net income: $812 million
  - EPS: $4.81 per diluted share
  - Result: reported results
  source text: The company reported second quarter 2023 net sales of $5.1 billion and net income of $812 million, or $4.81 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022671/000110465923082573/0001104659-23-082573-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.