Steel Dynamics reported second quarter 2026 net income of $534 million on record steel shipments of 3.7 million tons. Net sales reached $6.1 billion, operating income was $700 million, and adjusted EBITDA came in at $921 million. The company's steel operations generated $721 million in operating income, up 30 percent sequentially, driven by higher pricing and metal spread expansion. Aluminum operations continued to ramp up, with flat rolled sheet shipments rising to 53,000 metric tons and an operating loss of $33 million that improved 48 percent from the prior quarter. Steel Dynamics also repurchased $200 million of its common stock and maintained liquidity of $2.0 billion.
Steel Dynamics IncRecord steel shipments and strong earnings, plus $200M stock buyback
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