Steel Dynamics' shares have surged over 60% in the past year, benefiting from US steel tariffs that limit foreign competition and support higher steel prices. In Q3, the company posted strong absolute results with revenue up 35% to $6.5 billion and EBITDA rising 79% to $1.19 billion, though these figures fell short of expectations. Steel operations remain robust with 92% utilization, but fabrication margins are pressured by rising raw steel costs that can't be fully passed on. The company's aluminum segment is progressing toward profitability by 2027. The stock is considered fairly valued at 12 times forward earnings, with limited upside unless prices retreat toward $210.
Following the strong performance and high expectations for Steel Dynamics, the stock is currently trading at USD 233.00 on Pluang as of Oct 20, 2026 19:44 WIB, down 4.84% for the day. The company's market cap stands at $35.13 billion, reflecting its significant presence in the basic materials sector. Despite recent gains, the stock remains below its 52-week high of $282.76, indicating some market caution.
Steel Dynamics announced record steel shipments of 3.8 million tons in Q3 2026, with net sales of $6.5 billion and net income of $756 million, up significantly from prior periods. The company benefited from higher steel prices, strong domestic demand...
Steel Dynamics announced six senior leadership promotions effective October and November 2026 to support its long-term growth and operational excellence. Key promotions include Chad Bickford to Senior Vice President of Steel Fabrication, Jeff Hansen ...
Cleveland-Cliffs reported its best quarter in three years with adjusted EBITDA of $612 million, beating guidance and lifting shares 10%. Despite missing revenue expectations at $5.61 billion, the company saw improved pricing, sales volumes, and profi...
Steel Dynamics is set to report its Q3 2026 earnings on October 19, with Wall Street analysts forecasting earnings of about $5.47 per share and revenue near $6.43 billion. These estimates show significant year-over-year growth but are slightly higher...
