[SMM Steel] Steel Dynamics posts strong Q1 2026 earnings on record shipments and higher prices

Published: Apr 22, 2026 15:38

Save

[SMM Steel] Steel Dynamics reported significantly improved Q1 2026 results, with net income reaching $403 million (vs. $217 million YoY) and sales at $5.2 billion. Steel shipments hit a record 3.6 million tons, supported by stronger demand and higher pricing. Despite cost pressures, margins remained solid, with EBITDA around $700 million. Order backlogs extended into Q3, reflecting improving market conditions, while the company also expanded its aluminum segment and raised its dividend.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

7 mins ago

MMi Daily Iron Ore Report (April 22)

Iron ore futures showed a slight upward trend today. The main contract I2609 closed at 786.5 RMB/ton, up 0.32% from the previous trading day. Spot prices also rose by 1-3 RMB/ton. Traders quoted actively, while steel mills restocked as needed. Overall spot transaction sentiment was relatively stable.

7 mins ago

15 mins ago

[SMM Hot-Rolled Coil Daily Trading] Spot Cargo Trading Increased DoD

[SMM Hot-Rolled Coil Daily Trading] On April 22, the combined daily trading volume of hot-rolled coil from SMM's sample enterprises across four cities (Shanghai, Lecong, Tianjin, and Ningbo) totaled 17,090 mt, up 1,090 mt DoD (+6.8%), up 6.02% YoY (solar calendar), and up 22.42% YoY (lunar calendar).

15 mins ago

54 mins ago

[SMM Shanghai HRC Inventory] Shanghai Inventory Declined at a Faster Pace This Week

Shanghai HRC inventory this week was 546,600 mt, down 30,500 mt WoW, a decrease of 5.29%; up 64.39% YoY (solar calendar) and up 62.78% YoY (lunar calendar).

54 mins ago