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BUZZ-Steel Dynamics stock falls as quarterly profit misses expectations

BUZZ-Steel Dynamics stock falls as quarterly profit misses expectations

路透社路透社2026/10/19 21:01
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- ** Steel Dynamics Inc. (STLD.O) shares fell 7% in after-hours trading, to $228

** Despite strong steel prices and record shipment volumes, the company's recycling business profit decline, aluminum operations startup losses, and higher raw material costs continue to exert downward pressure

** For the third quarter, the company reported earnings per share of $5.26, missing Wall Street's expected $5.41 — data compiled by LSEG

** "U.S. steel import volumes remain well below historical and year-ago levels," said Chief Executive Mark Millett

** The company reported quarterly revenue of $6.51 billion, higher than the expected $6.43 billion

**As of the previous market close, the stock was up 44.5% year-to-date


(To facilitate non-English speakers, Reuters has automatically translated its reports into several other languages. As automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated translation. It is provided solely for reader convenience. Reuters accepts no responsibility for any damage or loss caused by use of the automated translation feature.)

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