---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-100466"
form_type: "8-K"
ticker: "STLD"
cik: "0001022671"
company_name: "STEEL DYNAMICS INC"
filed_at: "2024-09-17T23:59:59+00:00"
generated_at: "2026-05-31T04:09:10.906662+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Steel Dynamics guides Q3 EPS $1.94-$1.98, down from $2.72 Q2 and $3.47 YoY

## Summary
- Q3 2024 diluted EPS guidance $1.94-$1.98; Q2 2024 EPS was $2.72, Q3 2023 was $3.47.
- Steel operations profitability meaningfully lower due to lower flat-rolled pricing; 80% of flat-rolled contract-based tied to lagging indices.
- Metals recycling earnings expected comparable to Q2; steel fabrication moderately lower with steady backlog into Q1 2025 at attractive pricing.
- Company repurchased $307M (2% of common stock) during Q3 through Sept 11, 2024.
- Underlying steel demand steady; expects improved volumes in 2025 on lower rates, infrastructure program, onshoring.

## SEC filing metadata
- accession: 0001104659-24-100466
- form_type: 8-K
- ticker: STLD
- cik: 0001022671
- company_name: STEEL DYNAMICS INC
- filed_at: 2024-09-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022671/000110465924100466/0001104659-24-100466-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022671/000110465924100466/tm2424195d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-100466
- JSON: https://secwatch.observer/filing/0001104659-24-100466.json
- Plain text: https://secwatch.observer/filing/0001104659-24-100466.txt

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