Steel Dynamics forecasts earnings growth in all segments in Q3

US steel producer Steel Dynamics expects its steel production earnings for July-September this year to be higher than in the second quarter, according to a company statement.

The forecast is based on expectations of high shipment volumes. In addition, Steel Dynamics believes that the cost of scrap as a raw material will decline more than the average selling price of steel. Demand continues to be supported by the non-residential construction, automotive, energy, and industrial sectors.

The company’s metal processing operations are expected to generate significantly higher profits in the third quarter than in April-June, thanks to stable supplies and improved ferrous metal spreads.

The company forecasts that steel production will also exceed second-quarter results due to increased volumes and stable spreads for metal products.

Steel Dynamics reported a significant order backlog with healthy pricing, supported primarily by demand from the commercial sector, data center, manufacturing, warehousing, and healthcare sectors. In addition, the acceleration of announcements of significant investments in domestic production and its transfer to the country, combined with the US infrastructure program, should have a positive impact on demand not only for steel beams and decking, but also for flat and long products.

It should be noted that in the second quarter of this year, Steel Dynamics’ steel shipments amounted to 3.34 million tons (+4.6% year-on-year). The average selling price of steel products on foreign markets during this period was $1,134/ton.

As a reminder, US steel companies increased their imports of rolled steel by 1.3% compared to the previous month to 1.68 million tons in July 2025. Total steel imports (rolled products and semi-finished products) for the month fell by 0.6% month-on-month to 2.24 million tons.