Steel Dynamics Stock - Q2 guidance lifts outlook despite asset write-down

Edited by ad hoc news Chart & Technicals Desk. Verified prior to publication on 06/18/2026, 20:36 CET. Details in the imprint.

Steel Dynamics (US8581191009) has provided second-quarter 2026 earnings guidance that points to a clear profit increase versus last year, according to a company release dated 06/17/2026. Management also flagged a $16 million asset write-down tied to relocating a planned aluminum recycled slab center.

What the new guidance says

Steel Dynamics now expects second-quarter 2026 earnings of $3.51 to $3.55 per diluted share, up from $2.78 in the first quarter and $2.01 in the prior-year quarter, according to the company statement.

The guidance range already includes an estimated $0.07 per diluted share negative impact from a $16 million asset write-down related to relocating a planned aluminum recycled slab center from Arizona to Columbus, Mississippi.

Thursday's chart and technical picture

Steel Dynamics shares recently traded at $270.13 at the close on 06/17/2026 on Nasdaq, with an after-hours indication near $263.00, according to MarketBeat data.

Separate commentary noted that the stock dropped about 5.8% and slipped below its 20-day simple moving average after the guidance update, signaling a short-term technical setback despite the higher year-over-year earnings outlook.

The product behind the stock

Steel Dynamics generates most of its revenue from producing and processing carbon steel products, including flat-rolled steel and structural and bar steel for construction, automotive, energy and industrial customers across North America.

Where the stock trades today

The shares of Steel Dynamics (US8581191009) trade on Nasdaq at $270.13 as of 06/17/2026, 16:00 Eastern Time.

This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.