• Skip to main content

    Company Announcements

    July 21, 2026

    SDI posts higher Q2 profits on record shipments, sees good times rolling into 2027

    Written by Michael Cowden

    Steel Dynamics Inc. (SDI)

    Second quarter ended June 3020262025% Change
    Net sales$6,091.6$4,565.133.4%
    Net earnings (loss)$534.1$298.778.8%
    Per diluted share$3.69$2.0183.6%
    Six months ended June 30
    Net sales$11,296.4$8,934.326.4%
    Net earnings (loss)$937.5$515.981.7%
    Per diluted share$6.47$3.4488.1%
    (in millions of dollars except per share)

    Michael Cowden

    Michael Cowden is editor-in-chief for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

    Read more from Michael Cowden

    Latest in Company Announcements

    Nucor increases spot HR to $1,240/ton

    Nucor said on Monday, Oct. 12, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,240 per short ton (st) this week, a $10/st increase from a week earlier. The CSP for HR coil from California Steel Industries (CSI) on the West Coast will be $1,305/st, up $15/st from the prior week. Nucor is still offering lead times of three to five weeks, according to the letter to customers. You can track mill price announcements on our website. Steel Market Update (SMU) published a weekly price assessment on Tuesday, Oct. 6, showing HR coil prices averaging $1,270/st, up $10/st from the previous week. We will update our prices on the evening of Tuesday, Oct. 13.