{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-121880","form_type":"8-K","ticker":"STLD","cik":"0001022671","company_name":"STEEL DYNAMICS INC","filed_at":"2025-12-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.569088+00:00","generated_at":"2026-05-16T12:51:25.793452+00:00","sec_items":["7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Steel Dynamics guides Q4 2025 EPS $1.65-$1.69; sequential drop from $2.74","bullets":["Q4 2025 EPS guidance $1.65-$1.69, down from Q3 2025's $2.74; up from Q4 2024's $1.36.","Steel operations profit expected meaningfully lower due to lower selling values and volumes; planned maintenance outages reduced flat rolled output by 140K-150K tons.","Metals recycling and steel fabrication earnings also expected lower sequentially on seasonal shipments and pricing declines.","Aluminum flat rolled mill commissioning progressing; produced finished products for can and automotive sectors with customer qualifications.","Company repurchased ~$200M of common stock during Q4 2025; earnings release set for Jan 26, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-121880","json":"https://secwatch.observer/filing/0001104659-25-121880.json","markdown":"https://secwatch.observer/filing/0001104659-25-121880.md","text":"https://secwatch.observer/filing/0001104659-25-121880.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1022671/000110465925121880/0001104659-25-121880-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1022671/000110465925121880/tm2533755d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:51:25.793452+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}