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    Market Segment

    July 21, 2025

    SDI earnings slip in Q2 as trade volatility hits customer orders

    Written by Ethan Bernard

    Steel Dynamics Inc.

    Second quarter ended June 3020252024% Change
    Net sales$4,565.1$4,632.6-1.5%
    Net earnings (loss)$298.7$428.0-30.2%
    Per diluted share$2.01$2.72-26.1%
    Six months ended June 30
    Net sales$8,934.3$9,326.6-4.2%
    Net earnings (loss)$515.9$1,012.0 -49%
    Per diluted share$3.44$6.39-46.2%
    (in millions of dollars except per share)

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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