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, and improved operational efficiency, while progressing in aluminum production ramp-up. Looking ahead, Steel Dynamics expects continued growth driven by infrastructure investment, reshoring, and favorable trade policies, with aluminum operations poised for profitability in 2027. The company also returned value to shareholders through $276 million in stock repurchases and maintained strong liquidity of $2.4 billion.
Steel Dynamics shares are trading at USD 229.00 on Pluang, down 4.80% as of Oct 20, 2026 03:42 WIB. The stock's market cap stands at $34.48 billion, with a dividend yield of 0.88%.
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...
Cleveland-Cliffs shares fell 4%, a sharper decline than its steel rivals, due to uncertainty over U.S. trade policy impacting its integrated operations in both the U.S. and Canada. The company owns Stelco, a Canadian steelmaker, so tariffs on Canadia...
