US-based Steel Dynamics reported stronger second-quarter results, supported by improved steel prices, record shipments and solid demand across key end-use sectors. The company said favorable market conditions continued to strengthen its steel operations during the quarter.
The company’s net sales totaled USD 6.1 bln in the second quarter of 2026. Net income increased to USD 534 mln, compared with USD 403 mln in the previous quarter and USD 299 mln a year earlier. Adjusted EBITDA reached USD 921 mln.
The company’s steel operations generated operating income of USD 721 mln, up 30pct from the first quarter, as higher steel prices outpaced increases in ferrous scrap costs. Steel shipments reached a record 3.7 mln tons, while the average external steel selling price increased to USD 1,298 per ton from the previous quarter. The average ferrous scrap cost rose to USD 412 per ton. Demand was led by the energy, non-residential construction, automotive, industrial and agricultural sectors.
Steel Dynamics said customer inventories remained below historical levels, while order backlogs and lead times continued to extend. Looking ahead, the company expects favorable market conditions to support domestic steel consumption through the remainder of 2026 and into 2027, backed by manufacturing reshoring, infrastructure investment and continued demand for domestically produced steel.
Steel Dynamics is one of North America’s largest steel producers and metal recyclers, operating steel mills, recycling facilities and downstream steel fabrication operations across the United States and Mexico. The company has also expanded into aluminum flat-rolled products to diversify its product portfolio.