Core Viewpoint - Steel Dynamics, Inc. is poised to report strong financial performance with significant increases in earnings and revenue for the upcoming quarterly earnings release on January 26, 2026 [1] Financial Performance - Analysts expect Steel Dynamics to report earnings per share (EPS) of $1.72, a 26.5% increase from $1.36 in the same quarter last year [2][6] - Revenue for the period is projected to be approximately $4.54 billion, marking a 17.2% increase from the previous year's $3.87 billion [2][6] Market Valuation - The company has a price-to-earnings (P/E) ratio of 23.32, indicating the amount investors are willing to pay for each dollar of earnings [3] - The price-to-sales ratio is 1.48, suggesting the market values the company at 1.48 times its annual sales [3] Dividend Information - Steel Dynamics offers a dividend yield of 1.11%, translating to a quarterly dividend of 50 cents per share [4] - An investment of approximately $536,430, or around 3,000 shares, would generate a monthly income of $500 [4] - A smaller investment of $107,286, or about 600 shares, would yield a monthly income of $100 [4] Financial Health - The company has a debt-to-equity ratio of 0.42, indicating a moderate level of debt [5] - Steel Dynamics maintains a strong liquidity position with a current ratio of 3.11, ensuring sufficient assets to cover its liabilities [5]

Steel Dynamics, Inc. (NASDAQ:STLD) will release earnings for the fourth quarter before the opening bell on Monday, Jan. 26.Analysts expect the company to report fourth-quarter earnings of $1.72 per share. That’s up from $1.36 per share in the year-ago period. The consensus estimate for Steel Dynamics' quarterly revenue is $4.59 billion (it reported $3.87 billion last year), according to Benzinga Pro.With the recent buzz around Steel Dynamics, some investors may be eyeing potential gains from the company's d ...

Core Viewpoint - Steel Dynamics (STLD) is expected to report quarterly earnings of $1.72 per share, reflecting a 26.5% increase year-over-year, with revenues projected at $4.54 billion, a 17.2% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised upward by 0.4% in the last 30 days, indicating analysts' reassessment of their initial estimates [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue and Sales Projections - Analysts estimate 'External Net Sales- Steel Fabrication' to reach $362.78 million, a decrease of 8.4% from the year-ago quarter [5]. - 'External Net Sales- Steel' is projected at $3.21 billion, representing a 21.3% increase year-over-year [5]. - 'External Net Sales- Metals Recycling' is expected to be $471.84 million, a decline of 2.1% from the previous year [5]. - The consensus for 'External Net Sales- Other' is $317.61 million, indicating a 10.4% increase year-over-year [6]. Pricing and Shipment Metrics - The average external sales price for steel is projected at $1,092 per tonne, up from $1,011 per tonne a year ago [6]. - 'Steel Fabrication - Average sales price' is expected to be $2,558 per tonne, down from $2,718 per tonne in the same quarter last year [7]. - 'Steel - External Shipments' are forecasted to reach 2,939 thousand tons, compared to 2,618 thousand tons in the previous year [7]. - 'Steel Fabrication - Shipments' are estimated at 142 thousand tons, slightly down from 146 thousand tons year-over-year [8]. - 'Steel - Flat Roll shipments' are projected at 1,997 thousand tons, an increase from 1,842 thousand tons year-over-year [9]. - 'Metals Recycling - Ferrous shipments' are expected to be 1,440 thousand tons, compared to 1,421 thousand tons in the same quarter last year [9]. - 'Steel - Flat Roll shipments - Steel Processing Divisions' are estimated at 494 thousand tons, up from 460 thousand tons year-over-year [10]. Stock Performance - Steel Dynamics shares have decreased by 3% over the past month, while the Zacks S&P 500 composite has seen a decline of 0.4%. The company holds a Zacks Rank 2 (Buy), indicating expected outperformance in the near term [11].

M&A Activity - Kerry Stokes' conglomerate is preparing another bid for BlueScope Steel (ASX:BSL) after a previous $13.2 billion approach was rejected by CEO Jane McAloon [4] - Glencore has restarted merger talks with Rio Tinto (ASX:RIO) to potentially create a $388 billion enterprise, with further details expected to unfold early this calendar year [5] Market Performance - ASX 200 futures gained +0.3%, influenced by a +0.5% advance in the Dow Jones, while the S&P 500 and Nasdaq were down [2] - Australian market sentiments may shift mid-morning, as observed in previous Week 2 trading days [3] Economic Data - Upcoming global economic data includes China's consumer and price data and U.S. non-farm payrolls, which may impact market movements [3] Company Developments - NAB (ASX:NAB) plans to reintroduce local branches, envisioning "hubs" that will offer personal banking options alongside advisers, lawyers, and wealth managers [6] - Core Lithium (ASX:CXO) has seen a significant increase of +17% recently, reaching a two-year high, although it faced scrutiny for the rapid price increase [6] Commodity Prices - Iron Ore prices decreased by -0.7% to $108.25 per tonne, while Brent Crude rebounded by +5% to $62.81 per barrel [7] - Gold is priced at $4,486 per ounce, and U.S. natural gas futures fell by -3.5% to $3.40 per gigajoule [7]

Market Overview - Asian shares ended mixed amid escalating China-Japan tensions and anticipation of key U.S. jobs data that could influence the Federal Reserve's rate trajectory [1] - Oil prices increased as the U.S. announced plans to control Venezuela's oil sales indefinitely [1] - Gold prices extended losses due to a firm dollar [1] Regional Indices - China's Shanghai Composite index closed marginally lower at 4,082.98, while Hong Kong's Hang Seng index declined by 1.17% to 26,149.31, affected by basic materials and stocks [2] - Japan's Nikkei average dipped 1.63% to 51,117.26, with trade friction with China impacting chemical stocks and real wages falling at the fastest pace since January 2025 [2] Company-Specific Developments - Shin-Etsu Chemical shares fell by 4% following China's anti-dumping probe into Japanese chipmaking chemicals [3] - Technology stocks, including semiconductor-linked companies like SoftBank, Advantest, and Tokyo Electron, experienced declines of 2-8% [3] - Samsung Electronics shares dropped by 1.6% despite projecting a three-fold increase in fourth-quarter operating profit due to global demand for AI servers [4] Australian Market Performance - Australian markets rose modestly, led by financials and healthcare stocks, while miners faced profit-taking after a three-day winning streak [5] - The benchmark S&P/ASX 200 increased by 0.29% to 8,720.80, and the broader All Ordinaries settled 0.32% higher at 9,046.50 [6] - BlueScope Steel shares fell by 1.6% after rejecting a $9 billion takeover bid from SGH and Steel Dynamics [6] U.S. Market Insights - U.S. stocks fluctuated before ending mixed, with the S&P 500 down 0.3% and the Dow down 0.9% after reaching record closing highs [7] - The tech-heavy Nasdaq Composite edged up by 0.2%, supported by economic reports indicating a slowing yet resilient labor market [7] - The JOLTS report suggested a cooling labor market, while ADP reported a modest rebound in private hiring, and the ISM Services PMI surprised to the upside [7]

Group 1 - The new year has seen strong performance in the stock market, with both the Dow Jones Industrial Average and S&P 500 Index achieving record closes [1] - Steel Dynamics Inc (NASDAQ:STLD) has shown significant percentage gains, finishing the first quarter higher in eight of the last ten years with an average increase of 16.6% [2] - STLD's stock is currently trading at $168.63, down 2.3%, but has a year-over-year lead of 41.3% and is close to its record high of $178.36 [3] Group 2 - The options market is showing a bullish sentiment towards STLD, with a 50-day call/put volume ratio of 3.25, indicating higher bullish activity than 79% of annual readings [5] - Current near-term option traders are pricing in low volatility expectations, as indicated by the stock's Schaeffer's Volatility Index (SVI) of 39%, which is in the 20th percentile of the past year [5]

Core Viewpoint - BlueScope contended that the bid did not accurately reflect the value anticipated from ongoing initiatives, which include growth investments and land monetization [1] Group 1 - The company believes that the current bid undervalues its potential due to existing growth investments [1] - Land monetization is highlighted as a significant factor contributing to the expected value realization [1]

Core Viewpoint - Australian conglomerate SGH, led by media billionaire Kerry Stokes, has made a A$13.15 billion ($8.83 billion) bid for BlueScope, aiming to broaden its industrial footprint and push into the steelmaking sector [1] Group 1: Company Strategy - SGH's acquisition of BlueScope is part of a strategic move to expand its industrial operations [1] - The bid reflects SGH's intent to diversify its portfolio and enhance its presence in the steel industry [1] Group 2: Financial Details - The proposed bid amounts to A$13.15 billion, equivalent to $8.83 billion [1] - This financial commitment indicates SGH's confidence in the potential growth and profitability of BlueScope [1]

Core Viewpoint - BlueScope Steel Ltd's share price surged 17% following a takeover bid from SGH Ltd, indicating market optimism about the potential acquisition [1]. Group 1: Takeover Bid Details - SGH and Steel Dynamics have made a non-binding indicative offer to acquire BlueScope Steel, with SGH focusing on Asia Pacific operations and Steel Dynamics on North American operations [2]. - The offer of A$30 per share represents a 27% premium over BlueScope's closing price at the time of the bid, although this premium has decreased to less than 23% at pre-open prices [2]. - The offer is contingent upon satisfactory due diligence and other customary conditions [3]. Group 2: BlueScope's Response and Valuation - BlueScope's management is currently evaluating the takeover proposal [4]. - The BlueScope board aims to optimize shareholder value and has previously rejected offers of A$27.50 and A$29 per share, indicating that the current offer undervalues the company [5]. - BlueScope believes the A$30 offer is nearly 10% lower than a previously rejected offer and emphasizes its resilient earnings and potential for growth due to cost improvements and capital projects [6]. Group 3: Future Prospects and Investments - BlueScope has invested A$2.3 billion, which is expected to lead to sustainable earnings and an additional A$500 million in earnings per year by 2030 [7]. - The company holds significant value in its 1,200 hectares of land, which is being rezoned and developed for monetization [7].

Overview - SGH Ltd has submitted a Non-Binding Indicative Offer (NBIO) to acquire 100% of BlueScope Steel Ltd (BSL) in partnership with Steel Dynamics, Inc. (SDI) [1] Proposal Details - The acquisition proposal includes a cash consideration of AUD$30.00 (USD$20.04) per share, representing a total equity value of AUD$13.2 billion (USD$8.8 billion) for BSL [3][6] - SGH and SDI plan to sell BSL's North American operations to SDI while retaining BSL's Australian and other international operations [2] - The proposal is subject to customary conditions, including due diligence and regulatory approvals [4] Strategic Rationale - SGH and SDI believe that BSL's operations in Australia and North America are not strategically compatible and would benefit from being standalone businesses [5] - The acquisition is expected to provide significant value for BSL's shareholders and other stakeholders, including team members and local communities [7] Financial Aspects - The proposal offers a 27% premium to BSL's closing share price at the time of the NBIO submission and a 33% premium to both the 3-month and 52-week volume-weighted average share prices [6] - SGH and SDI will fund the transaction through existing cash reserves and debt financing, with no equity required to be raised [11] Management and Governance - SGH intends to offer one or two board positions to current BSL directors to ensure continuity and effective knowledge transfer [8] - Key management from BSL will be retained to support the Australian and North American operations [8] Next Steps - SGH and SDI are committed to conducting confirmatory due diligence and have engaged financial and legal advisors to assist in the process [13]