STLD

In the past six months (April 2026 - October 2026), Steel Dynamics reported strong first-quarter 2026 financial results on April 20, 2026, with record steel shipments and higher prices leading to a 73% increase in operating income and a 6% increase in its cash dividend. Customer order activity significantly increased, extending the order backlog. In the second quarter of 2026, reported on July 20, 2026, steel fundamentals strengthened with improved pricing, solid demand, and declining customer inventory levels, leading to extended steel backlogs and lead times, and expanded value-added flat-rolled steel spreads. The customer order backlog for steel fabrication operations was nearly 45% higher year-over-year, extending into the first quarter of 2027, and progress was made on the aluminum flat-rolled sheet products mill. On September 17, 2026, the company provided third-quarter 2026 earnings guidance, expecting significantly higher profitability from steel operations due to metal margin expansion and record shipments, and repurchased $261 million of common stock. Steel Dynamics announced on October 8, 2026, that it would release its third-quarter 2026 financial results on October 19, 2026. As of September 30, 2026, the stock price was $221.61 per share, a 57.17% increase from October 1, 2025.