Steel mills drive SDI’s earnings guidance upward

Steel Dynamics Inc. (SDI) expects to post higher sequential earnings in the second quarter, with “meaningfully higher” profitability from its steel operations.

In earnings guidance released on Wednesday, SDI said it anticipates Q2’26 earnings of $3.51 to $3.55 per diluted share. This compares to Q1’26 earnings of $2.78 per diluted share, or $403.4 million, and earnings of $2.01 per diluted share in Q2’25.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.