Steel Dynamics provided fourth quarter 2025 earnings guidance in the range of $1.65 to $1.69 per diluted share.
Profitability from steel operations expected to be lower due to lower average realized selling values and lower volumes.
Earnings in metals recycling and steel fabrication operations also expected to be lower in the fourth quarter 2025.
Guidance Range
Fourth quarter 2025 earnings guidance: $1.65 to $1.69 per diluted share.
Profitability impacts
Lower steel operations profitability due to lower selling values and volumes.
Industry Outlook
Expectations for increased demand in 2026 with improving steel prices and order backlog.
Aluminum Expansion
Successful commissioning of aluminum products mill and recycling center ongoing.
Share Repurchase
Company repurchased approximately $200 million of its common stock in Q4 2025.
- Steel Dynamics anticipates lower earnings in the fourth quarter of 2025 across its steel, metals recycling, and steel fabrication operations.
- Challenges include lower seasonal demand, maintenance outages, and declining pricing in the ferrous and nonferrous markets.
- The company's diversification into aluminum production shows promising results with successful product qualifications and ongoing commissioning activities.
Despite the expected lower earnings in the fourth quarter, Steel Dynamics remains committed to its circular manufacturing model and strategic investments in aluminum operations to expand its product offerings.