Steel Dynamics Provides Second Quarter 2025 Earnings Guidance

FORT WAYNE, Ind., June 18, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter 2025 earnings guidance in the range of $2.00 to $2.04 per diluted share. Comparatively, the company's sequential first quarter 2025 earnings were $1.44 per diluted share and prior year second quarter earnings were $2.72 per diluted share.

Second quarter 2025 profitability from the company's steel operations is expected to be significantly stronger than sequential first quarter results, as metal spreads expanded across the platform with average realized steel pricing increasing more than scrap raw material costs. Long product steel shipments improved sequentially in the quarter, with flat rolled volumes contracting modestly due primarily to the inventory overhang from coated flat rolled steel imports. The energy, non-residential construction, automotive, and industrial sectors continue to lead demand. Steel segment pretax earnings were reduced in the second quarter 2025 by approximately $32 million due to a noncash write-off of consumable assets.

Second quarter 2025 earnings from the company's metals recycling operations are expected to be steady sequentially, based on stronger shipments offsetting lower realized pricing.  

Second quarter 2025 earnings from the company's steel fabrication operations are expected to be lower than sequential first quarter results, based on steady shipments combined with metal spread compression as steel raw material costs increased and the average realized sales price modestly declined. The pace of order activity increased in the quarter, and the order backlog improved, extending through 2025, with attractive related pricing levels. Demand was ...