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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Steel Dynamics reported strong Q2 2026 results with a net income of $534 million and record steel shipments of 3.7 million tons. The company also repurchased $200 million in common stock, while Swedish steelmaker SSAB saw earnings growth driven by higher prices. However, high-strength steel markets in the Middle East were negatively impacted by the war in Iran, leading to increased costs.