Steel Dynamics drops on mixed Q3 results
-0.33% to $244.37 from $245.17
What moved STLD
- The company had guided to Q3 2026 EPS of $5.34-$5.38 per diluted share, below a roughly $5.60 market expectation cited in pre-earnings coverage.
- Steel operations were expected to be significantly more profitable on record shipments and wider metal-margin expansion, while metals-recycling earnings were seen falling on weaker spreads.
- The company had repurchased about $261 million of its own stock, just under 1% of shares outstanding, during the quarter.
Sources: goldesel.de · SteelOrbis · Financial Modeling Prep