Form 10-Q · Quarterly report
Steel Dynamics 10-Q, filed Oct 23, 2026
- Filed
- CIK
- 0001022671
- Accession no.
- 0001104659-26-118461
Summary
Steel Dynamics reported record third-quarter 2026 steel shipments of 3.8 million tons and consolidated operating income of $1.0 billion, up 98% from a year earlier, with net income attributable to the company up 87% to $756.0 million as steel and metals recycling metal spreads expanded. For the first nine months of 2026, operating income rose 93% to $2.2 billion and net income rose 84% to $1.7 billion, while the company continued commissioning and starting up its aluminum flat-rolled sheet mill.
Key points
- Third-quarter 2026 total steel shipments reached a record 3.8 million tons, up 5% year over year, as domestic demand stayed strong with low customer inventories and historically low import levels.
- Steel Operations segment net sales rose 24% to $4.52 billion and its operating income rose 108% to $1.03 billion in the quarter; Metals Recycling net sales rose 11% to $1.26 billion.
- Aluminum Operations segment net sales rose 373% to $493.5 million while posting a $26.2 million operating loss, narrower than the $56.5 million loss a year earlier.
- Steel fabrication operations saw sales volumes rise meaningfully year over year, though segment operating income fell 15% to $90.6 million in the quarter.
- SDI Biocarbon Solutions, LLC became 100% owned by the company as of June 19, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-Looking Statements This report contains some predictive statements about future events, including statements related to conditions in domestic or global economies, conditions in steel, aluminum, and recycled metals market places, Steel Dynamics' revenues, costs of purchased materials, future profitability and earnings, and the operation of new, existing or planned facilities. …
An excerpt of the text as filed with the SEC, cut for length.
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