Steel Dynamics announced several senior leadership promotions effective October 1, 2026, as part of its strategy to strengthen management for long-term growth. The company reported Q3 revenue of $6.51 billion, beating estimates of $6.43 billion, but its earnings per share of $5.26 fell short of the $5.48 forecast. With a gross profit of $1.27 billion and an operating margin of 12.0%, Steel Dynamics shows solid operational performance despite the EPS miss. The leadership changes aim to support the company’s growth plans amid these mixed financial results.
Steel Dynamics shares have gained 1.09% on Pluang, trading at USD 247.03 as of Oct 22, 2026 02:11 WIB. The stock remains well below its 52-week high of USD 282.76 but above its low of USD 148.56, reflecting steady investor interest amid recent leadership changes and quarterly results.
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 E...
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...
