Steel Dynamics (STLD) Delivers Strong Q3, Eyes Aluminum Ramp and Biocarbon Growth

Steel Dynamics, Inc. (NASDAQ:STLD) is one of the top steel stocks to buy amid US tariffs. On October 20, Steel Dynamics (NASDAQ:STLD) reported robust third-quarter results with $4.8 billion in net sales, $404 million in net income ($2.74 EPS), and adjusted EBITDA of $664 million.

The company achieved record steel shipments of 3.6 million tons, generated $723 million in operating cash flow, and maintained liquidity above $2.2 billion. It also advanced aluminum product qualifications and produced its first biocarbon. Capital returns included $210 million in share buybacks and $74 million in dividends.

Despite strong sequential gains, operating income up 33% and EBITDA up 24% versus Q2, year-to-date performance showed pressure from lower steel prices and margins. Net income through September 30 fell to $920 million from $1.3 billion a year earlier, with operating income down 32%. Planned Q4 outages may reduce flat-rolled output by up to 85,000 tons. Key focus areas ahead include aluminum mill ramp-up, biocarbon scale-up, and trade impacts, with clearer signals expected by Q1 2026.

Steel Dynamics, Inc. (NASDAQ:STLD) is one of North America’s largest steel producers and metal recyclers, operating facilities across the U.S. and Mexico. The company uses a circular manufacturing model, relying on recycled scrap to produce high-quality, lower-emission steel products. In addition to its strong steel fabrication platform, Steel Dynamics is expanding into aluminum to diversify its offerings. While maintaining a focus on safety, efficiency, and integrity, the company continues to deliver value-added metal solutions for industrial, automotive, and packaging sectors.

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Disclosure: None. This article is originally published at Insider Monkey.