US-based steelmaker Steel Dynamics has reported sharply stronger financial results for the first quarter of 2026, driven by record steel shipments and improved pricing.
For the quarter ended March 2026:
- Net income rose to $403 million, up from $217 million a year earlier
- Net sales reached $5.2 billion, compared with $4.8 billion last year
- Operating income totaled $538 million
- Adjusted EBITDA reached $700 million
- Steel shipments hit a record 3.6 million tons
Chairman and CEO Mark D. Millett said higher steel prices, stronger order activity, and record shipments supported earnings growth.
The company also reported expanding order backlogs into the third quarter and continued ramp-up activities at its aluminum flat rolled operations.
Steel Dynamics announced a 6% increase in its quarterly dividend and said it remains optimistic about domestic steel and aluminum demand through 2026.
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