Steel Dynamics Posts Strong Q3 Profit, Sales on Import Decline

Steel Dynamics reported strong third-quarter earnings for 2025, surpassing Wall Street estimates with an adjusted profit of $2.74 per share and revenue rising 11.2% to $4.83 billion. The company achieved record steel shipments of 3.6 million tons, benefiting from a slowdown in imports and improved market conditions. CEO Mark Millett highlighted ongoing challenges like order hesitancy from flat rolled steel customers due to domestic trade actions but expressed optimism about stronger demand driven by manufacturing onshoring, infrastructure funding, and lower interest rates. The firm anticipates a favorable market environment moving forward, supported by reduced unfair trade practices and expanding U.S. manufacturing. Steel Dynamics' operating income improved 33%, and adjusted EBITDA increased 24% sequentially, reinforcing its commitment to high-return capital allocation and shareholder returns. Overall, the company is well-positioned for growth across its steel and aluminum platforms as it navigates shifting trade dynamics and demand drivers.