Steel Dynamics (STLD) Stock Forecast, Price Target & Predictions
STLD Stock Forecast
Steel Dynamics stock forecast is as follows: an average price target of $134.00 (represents a 0.31% upside from STLD’s last price of $133.58) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
STLD Price Target
The average price target for Steel Dynamics (STLD) is $134.00 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $160.00 to $112.00. This represents a potential 0.31% upside from STLD's last price of $133.58.
STLD Analyst Ratings
According to 11 Wall Street analysts, Steel Dynamics's rating consensus is 'Buy'. The analyst rating breakdown for STLD stock is 0 'Strong Buy' (0.00%), 6 'Buy' (54.55%), 5 'Hold' (45.45%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Steel Dynamics Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 17, 2024 | Alexander Hacking | Citigroup | $160.00 | $129.86 | 23.21% | 19.78% |
| Oct 10, 2024 | Katja Jancic | BMO Capital | $130.00 | $130.18 | -0.14% | -2.68% |
| Oct 01, 2024 | Lawson Winder | Bank of America Securities | $155.00 | $129.41 | 19.77% | 16.04% |
| Sep 17, 2024 | Katja Jancic | BMO Capital | $127.00 | $115.12 | 10.32% | -4.93% |
| Sep 17, 2024 | Lawson Winder | Bank of America Securities | $140.00 | $115.16 | 21.58% | 4.81% |
| Sep 03, 2024 | Andrew Jones | UBS | $145.00 | $114.28 | 26.88% | 8.55% |
| Aug 15, 2024 | Carlos De Alba | Morgan Stanley | $138.00 | $115.05 | 19.95% | 3.31% |
| Jun 18, 2024 | Katja Jancic | BMO Capital | $135.00 | $127.28 | 6.07% | 1.06% |
| Jun 17, 2024 | Timna Tanners | Wolfe Research | $112.00 | $126.55 | -11.50% | -16.16% |
| Jun 17, 2024 | Christopher LaFemina | Jefferies | $135.00 | $121.81 | 10.83% | 1.06% |
The latest Steel Dynamics stock forecast, released on Oct 17, 2024 by Alexander Hacking from Citigroup, set a price target of $160.00, which represents a 23.21% increase from the stock price at the time of the forecast ($129.86), and a 19.78% increase from STLD last price ($133.58).
Steel Dynamics Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 7 | 12 |
| Avg Price Target | $145.00 | $142.14 | $137.25 |
| Last Closing Price | $133.58 | $133.58 | $133.58 |
| Upside/Downside | 8.55% | 6.41% | 2.75% |
In the current month, the average price target of Steel Dynamics stock is $145.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 8.55% increase as opposed to Steel Dynamics's last price of $133.58. This month's average price target is up 2.01% compared to last quarter, and up 5.65% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 18, 2024 | Seaport Global | Buy | Buy | Hold |
| Oct 17, 2024 | Citigroup | Buy | Buy | Hold |
| Oct 10, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Oct 01, 2024 | Bank of America Securities | Neutral | Buy | Upgrade |
| Sep 17, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Sep 17, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| Aug 15, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jun 18, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Jun 17, 2024 | Wolfe Research | Underperform | Underperform | Hold |
| Jun 17, 2024 | Jefferies | Hold | Hold | Hold |
Steel Dynamics's last stock rating was published by Seaport Global on Oct 18, 2024. The company gave STLD a "Buy" rating, the same as its previous rate.
Steel Dynamics Financial Forecast
Steel Dynamics Revenue Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.23B | $4.59B | $5.08B | $4.89B | $4.83B | $5.65B | $6.21B | $5.57B | $5.31B | $5.09B | $4.47B | $3.54B | $2.60B | $2.33B | $2.09B |
| Avg Forecast | $3.70B | $3.76B | $3.64B | $4.57B | $4.71B | $4.86B | $4.81B | $4.56B | $4.56B | $4.46B | $4.34B | $4.08B | $4.18B | $4.43B | $4.74B | $4.22B | $4.49B | $5.51B | $4.95B | $4.73B | $5.52B | $5.98B | $5.40B | $5.26B | $4.98B | $4.19B | $3.41B | $2.53B | $2.21B | $2.08B |
| High Forecast | $3.79B | $3.85B | $3.72B | $4.68B | $4.82B | $4.97B | $4.93B | $4.66B | $4.67B | $4.57B | $4.46B | $4.16B | $4.24B | $4.43B | $4.74B | $4.31B | $4.59B | $5.64B | $5.07B | $4.84B | $5.76B | $6.24B | $5.63B | $5.49B | $5.19B | $4.37B | $3.55B | $2.64B | $2.31B | $2.17B |
| Low Forecast | $3.59B | $3.66B | $3.53B | $4.44B | $4.57B | $4.72B | $4.68B | $4.42B | $4.43B | $4.34B | $4.08B | $4.00B | $4.11B | $4.42B | $4.74B | $4.11B | $4.36B | $5.35B | $4.81B | $4.59B | $5.27B | $5.71B | $5.15B | $5.02B | $4.75B | $4.00B | $3.25B | $2.41B | $2.11B | $1.98B |
| # Analysts | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.02% | 0.92% | 0.99% | 1.02% | 1.02% | 1.04% | 1.03% | 1.01% | 1.02% | 1.07% | 1.04% | 1.03% | 1.05% | 1.01% |
Steel Dynamics's average Quarter revenue forecast for Mar 24 based on 2 analysts is $4.74B, with a low forecast of $4.74B, and a high forecast of $4.74B. STLD's average Quarter revenue forecast represents a 11.88% increase compared to the company's last Quarter revenue of $4.23B (Dec 23).
Steel Dynamics EBITDA Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $630.26M | $880.43M | $1.21B | $977.99M | $884.55M | $1.33B | $1.72B | $1.56B | $1.50B | $1.39B | $1.02B | $662.80M | $316.97M | $229.93M | $206.20M |
| Avg Forecast | $690.84M | $703.09M | $679.31M | $853.90M | $879.09M | $906.87M | $899.15M | $850.78M | $852.43M | $833.74M | $810.70M | $762.40M | $780.06M | $826.92M | $1.77B | $788.61M | $837.80M | $1.03B | $1.61B | $1.64B | $1.03B | $1.12B | $1.46B | $982.99M | $929.39M | $782.60M | $596.87M | $471.92M | $413.00M | $388.17M |
| High Forecast | $707.23M | $719.77M | $695.44M | $874.17M | $899.95M | $928.39M | $920.49M | $870.97M | $872.66M | $853.53M | $833.17M | $777.39M | $791.80M | $827.52M | $2.12B | $803.96M | $857.69M | $1.05B | $1.93B | $1.96B | $1.08B | $1.16B | $1.75B | $1.03B | $969.50M | $816.37M | $716.24M | $492.29M | $430.83M | $404.92M |
| Low Forecast | $670.90M | $682.80M | $659.71M | $829.27M | $853.72M | $880.71M | $873.21M | $826.23M | $827.84M | $809.69M | $762.02M | $747.42M | $768.33M | $826.33M | $1.41B | $767.50M | $813.63M | $999.66M | $1.28B | $1.31B | $984.47M | $1.07B | $1.17B | $938.16M | $887.00M | $746.91M | $477.49M | $450.40M | $394.17M | $370.47M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.80% | 1.05% | 1.17% | 0.61% | 0.54% | 1.29% | 1.54% | 1.07% | 1.53% | 1.50% | 1.31% | 1.11% | 0.67% | 0.56% | 0.53% |
2 analysts predict STLD's average Quarter EBITDA for Mar 24 to be $1.77B, with a high of $2.12B and a low of $1.41B. This is 180.18% upper than Steel Dynamics's previous annual EBITDA (Dec 23) of $630.26M.
Steel Dynamics Net Income Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $424.27M | $577.20M | $812.11M | $637.31M | $634.86M | $914.33M | $1.21B | $1.10B | $1.10B | $990.76M | $702.29M | $430.51M | $187.84M | $100.14M | $75.50M |
| Avg Forecast | $338.10M | $356.88M | $328.71M | $575.10M | $573.29M | $563.05M | $496.88M | $377.48M | $388.04M | $387.21M | $354.77M | $282.04M | $310.07M | $424.24M | $1.25B | $411.28M | $553.61M | $747.64M | $1.14B | $1.19B | $812.94M | $1.00B | $1.03B | $886.10M | $751.74M | $517.39M | $387.68M | $118.62M | $73.70M | $61.96M |
| High Forecast | $348.53M | $367.90M | $338.85M | $592.85M | $590.98M | $580.42M | $512.21M | $389.13M | $400.01M | $399.16M | $438.42M | $318.98M | $319.64M | $425.86M | $1.50B | $412.85M | $570.69M | $770.71M | $1.36B | $1.42B | $858.55M | $1.06B | $1.24B | $935.81M | $793.91M | $546.41M | $465.22M | $125.27M | $77.83M | $65.44M |
| Low Forecast | $325.42M | $343.50M | $316.38M | $553.53M | $551.78M | $541.93M | $478.24M | $363.32M | $373.49M | $372.69M | $271.11M | $258.54M | $298.44M | $422.62M | $1.00B | $408.16M | $532.84M | $719.60M | $909.67M | $949.58M | $764.74M | $943.02M | $826.97M | $833.56M | $707.17M | $486.71M | $310.15M | $111.58M | $69.33M | $58.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.04% | 1.09% | 0.56% | 0.53% | 1.12% | 1.21% | 1.07% | 1.24% | 1.32% | 1.36% | 1.11% | 1.58% | 1.36% | 1.22% |
Steel Dynamics's average Quarter net income forecast for Mar 24 is $1.25B, with a range of $1.00B to $1.50B. STLD's average Quarter net income forecast represents a 194.81% increase compared to the company's last Quarter net income of $424.27M (Dec 23).
Steel Dynamics SG&A Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $204.26M | $210.31M | $232.20M | $213.88M | $221.82M | $237.75M | $258.12M | $280.48M | $325.53M | $271.41M | $236.52M | $198.63M | $156.42M | $130.01M | $118.39M |
| Avg Forecast | $175.68M | $178.79M | $172.75M | $217.15M | $223.55M | $230.62M | $228.65M | $216.35M | $216.77M | $212.02M | $206.16M | $193.88M | $198.37M | $210.29M | $317.80M | $200.54M | $213.05M | $261.77M | $288.91M | $354.33M | $262.31M | $283.91M | $262.64M | $249.97M | $236.34M | $199.01M | $178.87M | $120.01M | $105.03M | $98.71M |
| High Forecast | $179.85M | $183.04M | $176.85M | $222.30M | $228.86M | $236.09M | $234.08M | $221.49M | $221.92M | $217.05M | $211.87M | $197.69M | $201.35M | $210.44M | $381.36M | $204.45M | $218.11M | $267.98M | $346.69M | $425.20M | $273.63M | $296.16M | $315.17M | $260.76M | $246.54M | $207.60M | $214.64M | $125.19M | $109.56M | $102.97M |
| Low Forecast | $170.61M | $173.64M | $167.76M | $210.88M | $217.10M | $223.96M | $222.06M | $210.11M | $210.52M | $205.90M | $193.78M | $190.07M | $195.39M | $210.13M | $254.24M | $195.18M | $206.91M | $254.21M | $231.13M | $283.46M | $250.35M | $270.96M | $210.12M | $238.57M | $225.56M | $189.94M | $143.10M | $114.54M | $100.24M | $94.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 0.99% | 0.89% | 0.74% | 0.63% | 0.91% | 0.91% | 1.07% | 1.30% | 1.15% | 1.19% | 1.11% | 1.30% | 1.24% | 1.20% |
Steel Dynamics's average Quarter SG&A projection for Mar 24 is $317.80M, based on 2 Wall Street analysts, with a range of $254.24M to $381.36M. The forecast indicates a 55.58% rise compared to STLD last annual SG&A of $204.26M (Dec 23).
Steel Dynamics EPS Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 2 | 2 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 5 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.61 | $3.49 | $4.83 | $3.71 | $3.63 | $5.07 | $6.49 | $5.74 | $5.55 | $4.89 | $3.35 | $2.04 | $0.89 | $0.48 | $0.36 |
| Avg Forecast | $2.16 | $2.28 | $2.10 | $3.67 | $3.66 | $3.60 | $3.17 | $2.41 | $2.48 | $2.47 | $2.27 | $1.80 | $1.98 | $2.71 | $3.51 | $2.63 | $3.54 | $4.78 | $3.62 | $3.76 | $5.19 | $6.40 | $5.60 | $5.66 | $4.80 | $3.31 | $1.86 | $0.76 | $0.47 | $0.40 |
| High Forecast | $2.23 | $2.35 | $2.16 | $3.79 | $3.78 | $3.71 | $3.27 | $2.49 | $2.56 | $2.55 | $2.80 | $2.04 | $2.04 | $2.72 | $3.51 | $2.64 | $3.65 | $4.92 | $3.73 | $3.88 | $5.48 | $6.76 | $5.92 | $5.98 | $5.07 | $3.49 | $1.96 | $0.80 | $0.50 | $0.42 |
| Low Forecast | $2.08 | $2.19 | $2.02 | $3.54 | $3.53 | $3.46 | $3.06 | $2.32 | $2.39 | $2.38 | $1.73 | $1.65 | $1.91 | $2.70 | $3.51 | $2.61 | $3.40 | $4.60 | $3.49 | $3.62 | $4.89 | $6.02 | $5.27 | $5.33 | $4.52 | $3.11 | $1.75 | $0.71 | $0.44 | $0.37 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.99% | 1.01% | 1.02% | 0.96% | 0.98% | 1.01% | 1.02% | 0.98% | 1.02% | 1.01% | 1.10% | 1.17% | 1.02% | 0.91% |
According to 2 Wall Street analysts, Steel Dynamics's projected average Quarter EPS for Mar 24 is $3.51, with a low estimate of $3.51 and a high estimate of $3.51. This represents a 34.39% increase compared to STLD previous annual EPS of $2.61 (Dec 23).
Steel Dynamics Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SCHN | Schnitzer Steel Industries | $33.20 | $215.00 | 547.59% | - |
| GGB | Gerdau | $3.11 | $5.00 | 60.77% | Buy |
| CLF | Cleveland-Cliffs | $13.11 | $19.85 | 51.41% | Buy |
| MT | ArcelorMittal | $24.81 | $36.87 | 48.61% | Buy |
| TX | Ternium | $34.25 | $50.00 | 45.99% | Buy |
| PKX | POSCO | $62.01 | $77.00 | 24.17% | Hold |
| CMC | Commercial Metals Company | $53.96 | $59.75 | 10.73% | Buy |
| NUE | Nucor | $142.60 | $150.11 | 5.27% | Hold |
| STLD | Steel Dynamics | $133.58 | $134.00 | 0.31% | Buy |
| RS | Reliance Steel & Aluminum | $289.04 | $277.50 | -3.99% | Buy |
| X | United States Steel | $38.26 | $36.07 | -5.72% | Buy |
STLD Forecast FAQ
Is Steel Dynamics a good buy?
Yes, according to 11 Wall Street analysts, Steel Dynamics (STLD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 54.55% of STLD's total ratings.
What is STLD's price target?
Steel Dynamics (STLD) average price target is $134 with a range of $112 to $160, implying a 0.31% from its last price of $133.58. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Steel Dynamics stock go up soon?
According to Wall Street analysts' prediction for STLD stock, the company can go up by 0.31% (from the last price of $133.58 to the average price target of $134), up by 19.78% based on the highest stock price target, and down by -16.16% based on the lowest stock price target.
Can Steel Dynamics stock reach $200?
STLD's average twelve months analyst stock price target of $134 does not support the claim that Steel Dynamics can reach $200 in the near future.
What is Steel Dynamics's current price target trend?
2 Wall Street analysts forecast a $145 price target for Steel Dynamics (STLD) this month, up 8.55% from its last price of $133.58. Compared to the last 3 and 12 months, the average price target increased by 6.41% and increased by 2.75%, respectively.
What are Steel Dynamics's analysts' financial forecasts?
Steel Dynamics's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $17.93B (high $18.37B, low $17.27B), average EBITDA is $3.35B (high $3.43B, low $3.23B), average net income is $1.51B (high $1.63B, low $1.38B), average SG&A $851.31M (high $872.33M, low $820.31M), and average EPS is $9.63 (high $10.39, low $8.82). STLD's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $18.95B (high $19.4B, low $18.4B), average EBITDA is $3.54B (high $3.62B, low $3.44B), average net income is $2.21B (high $2.28B, low $2.13B), average SG&A $899.97M (high $921.33M, low $874M), and average EPS is $14.11 (high $14.54, low $13.58).
Did the STLD's actual financial results beat the analysts' financial forecasts?
Based on Steel Dynamics's last annual report (Dec 2023), the company's revenue was $18.8B, which missed the average analysts forecast of $19.17B by -1.97%. Apple's EBITDA was $3.59B, missing the average prediction of $4.26B by -15.77%. The company's net income was $2.45B, missing the average estimation of $2.85B by -13.99%. Apple's SG&A was $860.65M, missing the average forecast of $964.27M by -10.75%. Lastly, the company's EPS was $14.64, beating the average prediction of $14.56 by 0.54%. In terms of the last quarterly report (Dec 2023), Steel Dynamics's revenue was $4.23B, beating the average analysts' forecast of $4.22B by 0.25%. The company's EBITDA was $630.26M, missing the average prediction of $788.61M by -20.08%. Steel Dynamics's net income was $424.27M, beating the average estimation of $411.28M by 3.16%. The company's SG&A was $204.26M, beating the average forecast of $200.54M by 1.85%. Lastly, the company's EPS was $2.61, missing the average prediction of $2.63 by -0.67%