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flag Steel Dynamics reported record shipments in 2025 but lower net income due to weaker pricing, despite lower scrap costs and strong demand.

flag Steel Dynamics Inc. reported mixed 2025 results, with record annual steel shipments of 13.7 million tons and $18.2 billion in net sales, up from 2024, but net income fell to $1.2 billion, or $7.99 per share, from $1.5 billion and $9.84 per share the prior year. flag The company’s fourth-quarter net income was $266 million, or $1.82 per share, slightly below expectations, while adjusted EBITDA reached $505.4 million. flag Lower scrap costs and strong demand for long products supported profitability despite weaker commercial contract pricing. flag The company issued $800 million in notes in November 2025 and redeemed $400 million in 2026 debt.

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