Steel Dynamics, Inc. announced financial results for the third quarter of 2025, including net sales of $4.8 billion and net income of $404 million.
For comparison, the company's second quarter 2025 net income was $299 million and net income in the prior year's third quarter was $318 million.
In a press release, the company reported that for the third quarter, steel operating profit for 2025 was $498 million, up 30 percent from the sequential second quarter, driven by record steel deliveries and expanded metal sales as scrap raw material costs fell more than the average realized cost of steel.
Steel Steel Dynamics teams have planned routine maintenance outages at Butler, Columbus and Sinton's Flat Roll Steel divisions for the fourth quarter of 2025, which could reduce production by as much as 85,000 tonnes of flat steel. c
The company posted third-quarter 2025 operating income from its metals operations of $32 million, up $10 million sequentially, driven by near-record ferrous scrap shipments and expanded metals distribution.
The company reported that its steel operations achieved strong operating income of $107 million in the third quarter of 2025. This was higher than sequential second quarter results of $93 million due to a 12% increase in shipments.
The order backlog remained stable during the first quarter of 2026, supported by stable pricing. Additionally, demand was largely driven by the commercial, data center, manufacturing, warehouse and healthcare sectors.
“We expect improved market conditions, including increased trade stability and a more favorable interest rate environment, to support strong domestic demand for steel and aluminum products,” said Mark D. Millett, Chairman and CEO director of Steel Dynamics. “Additionally, discussions with our customers reinforce the growing importance of low-carbon steel and aluminum made in the USA, giving our business a long-term competitive advantage. We expect a favorable market environment to emerge as unfair trade practices decrease, policy clarity improves, and U.S. manufacturing continues to expand, leading to increased demand.”
