Steel Dynamics, US8581191009

Steel Dynamics guides earnings: Steel Dynamics stock is 23.85 percent below its high

Published on 10/01/2026 at 17:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter guidance is USD 5.34-5.38 per diluted share versus USD 3.69. Steel Dynamics stock costs EUR 195.40 versus EUR 195.60 on October 1, 2026.

Bunte Comic-Illustration eines Stahlarbeiters für Steel Dynamics Inc., ISIN US8581191009 — Pop-Art-Comic mit Stahlarbeiter symbolisiert dynamisch Steel Dynamics Inc., ISIN US8581191009, Branche Stahl, Illustration mit AI erstellt.

Steel Dynamics (ISIN US8581191009) is guiding third-quarter diluted earnings to USD 5.34-5.38 per share, up from USD 3.69 in the second quarter of 2026, while its stock sits 23.85 percent below the USD 288.74 52-week high at a Nasdaq price of USD 219.86 on October 1, 2026. According to PRNewswire on September 17, 2026, the company expects stronger steel profitability and record shipments in the quarter.

Guidance points to a stronger quarter

The midpoint of Steel Dynamics' USD 5.34-5.38 guidance range is USD 5.36 per diluted share. That is USD 1.67 above second-quarter earnings of USD 3.69 and USD 2.62 above the USD 2.74 reported for the third quarter of 2025, creating a clear sequential and year-over-year comparison.

The company expects metal margin expansion from higher realized steel selling values and lower scrap costs to lift steel operations. Metals recycling is expected to weaken because of lower metal spreads and modestly lower shipments, making the steel division the central earnings driver for the forecast.

Analyst target stays above Nasdaq price

MarketScreener reported on September 18, 2026, that Wells Fargo raised its Steel Dynamics price target from USD 255 to USD 257 and retained an Overweight rating. The new target lies 16.90 percent above the USD 219.86 Nasdaq price cited on October 1, 2026, although the target and the euro reference quote use different currencies and are not combined with the Lang & Schwarz daily change.

October results set the next test

Steel Dynamics plans to release its third-quarter results after the market closes on October 19, 2026, according to the PRNewswire release. Management will discuss the performance on October 20, 2026, at 11:00 a.m. EDT, giving investors a defined checkpoint for the USD 5.34-5.38 outlook.

Steel Dynamics stock trades near EUR 195

At Lang & Schwarz, the stock was trading at EUR 195.40 on October 1, 2026 at 5:00 p.m. CEST, down 0.10 percent versus the EUR 195.60 prior close of September 30, 2026. The further course of trading is shown by the continuously updated real-time quote of Steel Dynamics stock.