Steel Dynamics Revenue Grows Most Since 2022, Beating Estimates

Steel Dynamics Inc. beat analysts’ estimates for first-quarter revenue, reporting its fastest growth in nearly four years as rising steel prices and a record 3.6 million tons in steel shipments drove a rebound in profit.

Earnings per share of $2.78, while largely in line with analysts’ estimates, increased 93% year-over-year. Total steel shipments came in under analysts’ estimates, but showed 4.5% growth.