secwatch.observer — SEC 8-K summary
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Issuer:     STEEL DYNAMICS INC (STLD)
CIK:        0001022671
Form:       8-K
Filed at:   2025-07-22T23:59:59+00:00
Accession:  0001104659-25-069499
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Steel Dynamics Q2 net income $299M ($2.01 EPS) up 38% sequentially; first aluminum coils shipped
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- Q2 net sales $4.6B, net income $299M ($2.01 EPS); Q1 was $217M ($1.44 EPS), prior year Q2 was $428M ($2.72 EPS).
- Steel operations operating income $382M, up 66% sequentially; average selling price rose $136/ton to $1,134.
- Shipped first aluminum flat rolled coils June 16; aluminum mill expected to exit 2025 at 40-50% utilization.
- Repaid $400M senior notes due June 2025; repurchased $200M common stock (1.1% shares); liquidity $1.9B.
- Sinton flat roll division had oxygen supply limitation (65+ days) reducing volume ~55K tons; supply restored.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022671/000110465925069499/0001104659-25-069499-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022671/000110465925069499/tm2521371d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-069499

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer