Steel Dynamics Forecasts Q3 Earnings Growth Across All Segments

Steel Dynamics Q3 Earnings Growth Forecast

Steel Dynamics forecasts higher earnings for Q3 2025, driven by increased steel shipment volumes. The company anticipates steel production earnings will surpass those of Q2, supported by demand from non-residential construction, automotive, energy, and industrial sectors. Additionally, declining scrap costs compared to steel selling prices will boost margins.

The firm’s metal processing operations also expect substantial profit growth in Q3. Stable supplies and improved ferrous metal spreads underpin this positive outlook. Steel shipments reached 3.34 million tons in Q2, a 4.6% year-on-year increase, with average steel product prices on foreign markets at $1,134 per ton.

Market Demand and Supply Dynamics Supporting Steel Dynamics

Steel Dynamics holds a significant order backlog with healthy pricing, largely driven by commercial, data center, manufacturing, warehousing, and healthcare sectors. The US infrastructure program and increased domestic production investments will further boost demand for steel beams, decking, and flat and long products.

Moreover, US steel imports showed mixed trends in July 2025, with rolled steel imports rising 1.3% month-on-month to 1.68 million tons, while total steel imports declined 0.6% to 2.24 million tons. These shifts highlight ongoing market adjustments influencing the company’s strategy and outlook.

SuperMetalPrice Commentary:

Steel Dynamics’ Q3 earnings growth forecast reflects resilient demand and efficient cost management in the US steel sector. The company’s focus on domestic production aligns with infrastructure investment trends, potentially cushioning against global supply volatility. Investors should watch scrap price trends and government policies closely, as they will significantly influence margins and shipment volumes moving forward.