Steel Dynamics Projects Sequentially Lower Q4 Earnings on Seasonality

Key Takeaways Steel Dynamics forecast Q4 EPS of $1.65-$1.69, above Q4 2024 but well below Q3 2025 levels.STLD cites lower realized steel prices, seasonal demand and mill outages curtailing 140k-150k tons.Steel Dynamics notes steady orders, backlog into Q2 2026, and $200M in Q4 buybacks. Steel Dynamics, Inc. (STLD) has announced earnings guidance for the fourth quarter of 2025 in the range of $1.65 to $1.69 per share. This view implies an increase from $1.36 reported in the fourth quarter of 2024. Still, it  ...