Steel Dynamics demonstrates strong performance in the third quarter

The company expects improved market conditions to drive higher domestic demand

US-based Steel Dynamics reported strong financial results for the third quarter of this year. This is stated in the company’s earnings report for the period.

The company’s revenue in July-September amounted to $4.83 billion (+11.2% year-on-year), net profit – $403.9 million (+25.9% year-on-year).

As noted by Steel Dynamics Chairman and CEO Mark D. Millett, the company expects improved market conditions, including increased trade stability and a more attractive interest rate environment, to drive strong domestic demand for steel and aluminum products.

“In addition, discussions with our customers underscore the growing importance of low-carbon steel and aluminum produced in the United States, which positions our business for long-term competitive advantage,” he added.

The company notes that it continues to see excess inventories of value-added flat products at customers that were imported earlier in the year. There is also some hesitation in orders for flat products due to domestic trade measures, despite encouraging factors that should stimulate demand, such as the relocation of production to the country, funding for infrastructure programs, lower interest rates, and increased regionalization of supply chains in the US.

As for long products, demand for structural steel and railroad ties remains very high.

“Looking ahead, we expect to benefit from growing demand for all of our products, including aluminum flat products, in 2026,” Millet explained.

Steel Dynamics reports that the third quarter saw record steel shipments and an expansion in the spread between raw material (scrap) costs and average steel sales prices.

The average external selling price of rolled products in the third quarter of 2025 was $1,119/t, which is $15 higher than in the second quarter.

In September, Steel Dynamics expected the company’s steel production profits in July-September of this year to be higher than in the second quarter. The forecast was based on expectations of high shipment volumes.