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.
Kloeckner's management and supervisory boards expressed a positive initial view on Worthington's delisting offer, though a formal recommendation is pending.
Read the full storySwedish steelmaker SSAB reported higher Q2 earnings driven by price hikes and shipment volumes, despite rising costs from Middle East hostilities.
Reflecting optimism in domestic market resilience, Steel Dynamics reported robust second-quarter 2026 results driven by improved steel pricing and record shipment volumes.