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    SDI expects higher earnings in Q3, boosted by steel operations

    Written by Ethan Bernard


    Steel Dynamics Inc. (SDI) has guided to higher third-quarter earnings both sequentially and on-year.

    The Fort Wayne, Ind.-based company said on Thursday it expects Q3’26 earnings to be in the range of $5.34 to $5.38 per diluted share. This is up from $3.69 per diluted in Q2’26 and $2.74 per diluted share in Q3’25.

    Ethan Bernard

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    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.