{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-006889","form_type":"8-K","ticker":"STLD","cik":"0001022671","company_name":"STEEL DYNAMICS INC","filed_at":"2026-01-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.415425+00:00","generated_at":"2026-05-16T07:22:02.337137+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Steel Dynamics Q4 net income $266M ($1.82 EPS); full-year earnings decline to $1.2B","bullets":["Q4 net sales $4.4B; net income $266M vs $404M sequential and $207M YoY.","Full-year net sales $18.2B (+3.6% YoY), net income $1.2B (-20% vs $1.5B), adjusted EBITDA $2.2B.","Record steel shipments of 13.7M tons; average steel selling price $1,089/ton for 2025, down $15 YoY.","Issued $800M notes in Nov 2025 (4.000% due 2028, 5.250% due 2035); redeemed $400M 5.000% notes due 2026.","Share repurchases of $901M in 2025 (over 4% of outstanding); liquidity $2.2B; cash from ops $1.4B."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-006889","json":"https://secwatch.observer/filing/0001104659-26-006889.json","markdown":"https://secwatch.observer/filing/0001104659-26-006889.md","text":"https://secwatch.observer/filing/0001104659-26-006889.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1022671/000110465926006889/0001104659-26-006889-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1022671/000110465926006889/tm264071d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T07:22:02.337137+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"}