secwatch.observer — SEC 8-K summary
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Issuer:     STEEL DYNAMICS INC (STLD)
CIK:        0001022671
Form:       8-K
Filed at:   2026-09-18T13:47:31+00:00
Accession:  0001104659-26-108777
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022671/000110465926108777/0001104659-26-108777-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022671/000110465926108777/tm2625690d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-108777

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