---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-108777"
form_type: "8-K"
ticker: "STLD"
cik: "0001022671"
company_name: "STEEL DYNAMICS INC"
filed_at: "2026-09-18T13:47:31+00:00"
generated_at: "2026-09-18T13:49:13.773941+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Steel Dynamics guides Q3 EPS $5.34-$5.38 vs $3.69 prior quarter

## Summary
- Q3 2026 EPS guidance $5.34-$5.38 vs Q2 2026 EPS $3.69 and Q3 2025 EPS $2.74.
- Steel ops expected significantly higher on metal margin expansion and record shipments; realized prices up, scrap costs lower.
- Recycling ops expected lower on weaker spreads; fabrication improves modestly on stronger shipments, backlog up ~50% YoY.
- Aluminum ops improve meaningfully; Columbus MS mill cold mills operational, first CASH line shipping commercial Q4.
- Repurchased $261M (~1% of stock) in Q3; Q3 results due Oct 19, 2026, call Oct 20.

## SEC filing metadata
- accession: 0001104659-26-108777
- form_type: 8-K
- ticker: STLD
- cik: 0001022671
- company_name: STEEL DYNAMICS INC
- filed_at: 2026-09-18T13:47:31+00:00
- event_type: earnings
- sentiment: positive
- 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/1022671/000110465926108777/0001104659-26-108777-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022671/000110465926108777/tm2625690d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-108777
- JSON: https://secwatch.observer/filing/0001104659-26-108777.json
- Plain text: https://secwatch.observer/filing/0001104659-26-108777.txt

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