On a segment basis, Nucor’s steel mill segment generated $516 million of pretax earnings , down roughly 35% from the prior quarter. Laxton attributed the decline to an 8% drop in shipment volumes due to seasonal effects, fewer shipping days in the fiscal fourth quarter, and planned and unplanned outages. Pricing was mixed: average realized pricing improved in bar and structural products, but those gains were more than offset by lower sheet and plate pricing, which management said reflected lagging sheet pri ...

Core Insights - Steel Dynamics, Inc. specializes in steel production, metals recycling, and steel fabrication, utilizing a circular manufacturing model to transform recycled scrap into high-quality steel products [1] - The company has a market capitalization of $20.55 billion and is active in construction and automotive sectors, while also expanding into sustainable aluminum production [2] - Analysts expect Steel Dynamics to report a profit of $2.66 per share for the third quarter, reflecting a 29.8% year-over-year increase from $2.05 per share in the previous year [3] Financial Performance - The company missed its earnings expectations in the second quarter due to tariff-related uncertainties, which resulted in increased inventory and a slowdown in shipments [4] - For fiscal 2025, analysts project a 9.3% decline in diluted EPS to $8.93, followed by a significant rebound of 43.7% to $12.83 in fiscal 2026 [4] Market Comparison - Over the past year, Steel Dynamics' shares have gained 11.5%, underperforming the S&P 500 Index, which increased by 15.6% [5] - The VanEck Steel ETF has shown a 3.3% increase over the past 52 weeks, with a year-to-date rise of 24.3%, indicating that Steel Dynamics is closely following the industry's performance [5] Regulatory Environment - The company is facing challenges from imports, but welcomed the ITC's decision affirming that imports of corrosion-resistant steel from ten countries have harmed the U.S. steel industry, which may lead to duties benefiting U.S. producers [6]