---
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"
generated_at: "2026-05-16T12:51:25.793452+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Steel Dynamics guides Q4 2025 EPS $1.65-$1.69; sequential drop from $2.74

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-121880
- JSON: https://secwatch.observer/filing/0001104659-25-121880.json
- Plain text: https://secwatch.observer/filing/0001104659-25-121880.txt

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