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Steel Dynamics slips after quarterly profit misses estimates

By Reuters News20:55 (UTC), 19 October 2026 Updated

** Shares of Steel Dynamics STLD.O down 7% at $228 in extended trading

** Co's lower recycling earnings, aluminum startup losses and higher raw material costs remain headwinds despite stronger steel prices and record shipments

** It posts Q3 profit of $5.26/share vs Wall Street estimates of $5.41/share — data compiled by LSEG

** "US steel imports remain well below historical and prior-year levels," CEO Mark Millett says

** Co reports quarterly revenue of $6.51 bln, above estimates of $6.43 bln

** As of last close, stock had risen 44.5% YTD

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