Steel Dynamics Q2 2026 Net Income Rises to $534 Million, or $3.69 Per Diluted Share
Steel Dynamics reported second quarter 2026 net sales of $6.1 billion and net income of $534 million, or $3.69 per diluted share, compared with $299 million, or $2.01 per diluted share, a year earlier. Results were reduced by a $16 million non-cash asset impairment charge tied to relocating a planned aluminum recycled slab center from Arizona to Mississippi. The filing gives no numeric guidance; management said steel pricing and demand improved and expects aluminum volumes and profitability to rise in the second half of 2026 and in 2027.
Key points
- Net sales were $6.1 billion, up from $4.6 billion in the second quarter of 2025, and operating income was $700 million, up from $383 million.
- Steel operating income was $721 million, 30 percent higher than the first quarter of 2026, on higher average selling prices of $1,298 per ton.
- Aluminum operating losses were $33 million, a 48 percent improvement from the first quarter of 2026.
- The company repurchased $200 million of common stock and reported cash flow from operations of $428 million in the quarter.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 21, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.