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    Market Segment

    October 20, 2026

    SDI sees bright Q4, 2027 after stellar Q3 results

    Written by Laura Miller

    Steel Dynamics Inc. (SDI) expects tight supply, lean inventories, and firm demand to support steel pricing and margins through the fourth quarter and into 2027, Chairman and outgoing CEO Mark Millett and incoming President and CEO Theresa Wagler said on the company’s third-quarter earnings call.

    SDI’s steel mills operated at 92% utilization in the third quarter, compared with an estimated 80% for the domestic industry. Planned maintenance outages and the ramp-up at the Sinton, Texas, mill remain key near-term considerations, they said.

    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.

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