---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-080714"
form_type: "8-K"
ticker: "STLD"
cik: "0001022671"
company_name: "STEEL DYNAMICS INC"
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T19:28:14.022271+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Steel Dynamics Q2 net income $428M ($2.72 EPS) down 47% YoY from $812M ($4.81 EPS)

## Summary
- Net sales $4.6B, operating income $559M, adjusted EBITDA $686M; steel shipments 3.2M tons.
- Steel operations OP $442M; avg selling price $1,138/ton (-$63 qoq); scrap cost $388/ton (-$29 qoq).
- Fabrication OP $181M (steady qoq) with backlog through Q4; recycling OP up 42% to $32M.
- Share repurchases $309M in Q2 (1.5% of shares); liquidity $2.7B; cash from ops $383M.
- Co. sees steel pricing pivot point; Sinton mill ramp to 75% utilization H2; aluminum mill target mid-2025.

## SEC filing metadata
- accession: 0001104659-24-080714
- form_type: 8-K
- ticker: STLD
- cik: 0001022671
- company_name: STEEL DYNAMICS INC
- filed_at: 2024-07-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1022671/000110465924080714/0001104659-24-080714-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022671/000110465924080714/tm2419718d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-080714
- JSON: https://secwatch.observer/filing/0001104659-24-080714.json
- Plain text: https://secwatch.observer/filing/0001104659-24-080714.txt

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