Form 8-K

8-K — STEEL DYNAMICS INC

Accession: 0001104659-26-075470

Filed: 2026-06-18

Period: 2026-06-17

CIK: 0001022671

SIC: 3312 (STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS))

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

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8-K — tm2618235d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2618235d1_ex99-1.htm)

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UNITED STATES

SECURITIES AND

EXCHANGE COMMISSION

WASHINGTON, DC

20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (date of earliest event reported)

June 17, 2026

STEEL

DYNAMICS, INC.

(Exact name of registrant as specified in its

charter)

Indiana

0-21719

35-1929476

(State

or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS

Employer

Identification No.)

7575

West Jefferson Blvd, Fort Wayne,

Indiana 46804

(Address of principal executive offices) (Zip

Code)

Registrant’s telephone number, including

area code: 260-969-3500

Not Applicable

(Former name or former address, if changed since

last report)

Check the appropriate box below if the Form 8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of

the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common

Stock voting, $0.0025 par value

STLD

NASDAQ

Global Select Market

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ¨

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 7.01. Regulation FD Disclosure.

On June 17, 2026, Steel Dynamics, Inc.

issued a press release titled “Steel Dynamics Provides Second Quarter 2026 Earnings Guidance.” A copy of that press

release is attached hereto as Exhibit 99.1.

The information contained in Exhibit 99.1 is furnished under this

Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended,

or incorporated by reference in any filing thereunder or under the Securities Act of 1933, as amended, except as may be expressly set

forth by specific reference in any such filing.

Item 9.01. Financial Statements and Exhibits

(d )

Exhibits.

The following exhibit is furnished

with this report:

Exhibit Number

Description

99.1 A press release dated June 17, 2026, titled “Steel Dynamics Provides Second Quarter 2026 Earnings Guidance.”

104 Cover Page Interactive Data File – the cover page interactive data file does not appear in the Interactive Data File

because its XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934,

the registrant has duly caused this Report to be signed on its behalf by the undersigned hereto duly authorized.

STEEL DYNAMICS, INC.

/s/ Theresa E. Wagler

Date: June 18, 2026

By:

Theresa E. Wagler

Title:

Executive Vice President and Chief

Financial Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2618235d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

Press Release

June 17, 2026

7575 W. Jefferson Blvd.

Fort Wayne, IN 46804

Steel Dynamics Provides Second Quarter 2026

Earnings Guidance

FORT WAYNE, INDIANA, June 17, 2026 / PRNewswire / Steel Dynamics, Inc.

(NASDAQ/GS: STLD) today provided second quarter 2026 earnings guidance in the range of $3.51 to $3.55 per diluted share. Comparatively,

the company’s sequential first quarter 2026 earnings were $2.78 per diluted share, and prior year second quarter earnings were $2.01

per diluted share.

Estimated second quarter earnings have been reduced by $16 million,

as a result of asset write-downs related to the decision to relocate the company’s planned second satellite aluminum recycled slab

center from Arizona to Columbus, Mississippi, as differences with Arizona state officials risked the construction and operations of the

facility.

Second quarter

2026 profitability from the company’s steel operations is expected to be meaningfully higher than first quarter results, driven

by strong demand and metal margin expansion across the platform, as average realized selling values increased more than scrap raw material

costs. Order activity remains strong, supported by underlying demand and persistently low steel inventories, which continue to support

favorable pricing conditions. Demand across key end markets remains solid, with non-residential construction, energy, automotive, and

industrial sectors leading performance.

Second quarter 2026 earnings from the company’s metals recycling

operations are expected to be similar to sequential first quarter results, as increased ferrous and non-ferrous shipments are expected

to be offset by expected nonferrous unrealized hedging losses.

Second quarter 2026 earnings from the company’s steel fabrication

operations are expected to be incrementally below sequential first quarter results, as the benefit from stronger shipments combined with

steady pricing is offset by higher steel raw material input costs. Customer order activity has remained strong, continuing the momentum

beginning at the end of 2025. The order backlog is now nearly 40% higher than a year ago and extends through the end of the year and into

2027. Current demand is being supported by commercial construction, data center and warehouse buildouts, manufacturing, and healthcare

end markets. The company expects further volume improvement throughout the year and into 2027, supported by domestic manufacturing investment,

U.S. infrastructure investment, other stimulus programs, and ongoing onshoring activity.

Second quarter 2026 earnings from the company’s aluminum operations

are expected to improve significantly compared to first quarter sequential results, based on increased shipments and higher realized pricing.

The aluminum team continues to make strong progress on the commissioning and startup of the company’s aluminum flat rolled products

mill in Columbus, Mississippi. Two of the three cold mills are now operational, and the third cold mill is expected to begin qualifying

material in July. Additionally, the first of two Continuous Annealing and Solution Heat (CASH) lines, which support the production of

finished automotive products, is operating and shipping material for customer qualification. The second CASH line is also expected to

begin material qualifications in the fourth quarter 2026.

The company has repurchased $170 million, or one half of one percent,

of its common stock so far during the second quarter 2026.

The company currently plans to release its second quarter 2026 earnings

after the market closes on July 20, 2026, and will hold a conference call the next day at 11:00 a.m. Eastern Daylight Time to

discuss the company's performance.

About Steel Dynamics, Inc.

Steel Dynamics is a leading industrial metals solutions company, with

facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission,

quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers

in North America, combined with a meaningful downstream steel fabrication platform. The company also has aluminum operations, further

diversifying its product offerings to supply aluminum flat rolled products with higher recycled content to the countercyclical sustainable

beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest

integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products.

Forward-Looking Statements

This press release contains some predictive statements about future

events, including statements related to conditions in domestic or global economies, conditions in steel, aluminum, and recycled metals

marketplaces, Steel Dynamics' revenues, costs of purchased materials, future profitability and earnings, and the operation of new, existing

or planned facilities. These statements, which we generally precede or accompany by such typical conditional words as “anticipate”,

“intend”, “believe”, “estimate”, “plan”, “seek”, “project”, or

“expect”, or by the words “may”, “will”, or “should”, are intended to be made as “forward-looking”,

subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. These

statements speak only as of this date and are based upon information and assumptions, which we consider reasonable as of this date, concerning

our businesses and the environments in which they operate. Such predictive statements are not guarantees of future performance, and we

undertake no duty to update or revise any such statements. Some factors that could cause such forward-looking statements to turn out differently

than anticipated include: (1) domestic and global economic factors; (2) global steelmaking overcapacity and imports of steel,

together with increased scrap prices; (3) the cyclical nature of the metals industries and the industries we serve; (4) volatility

and major fluctuations in prices and availability of scrap metal, scrap substitutes and supplies, and our potential inability to pass

higher costs on to our customers; (5) cost and availability of electricity, natural gas, oil, and other energy resources are subject

to volatile market conditions; (6) increased environmental, greenhouse gas emissions and sustainability considerations from our customers

and investors or related regulations; (7) compliance with and changes in environmental and remediation requirements; (8) significant

price and other forms of competition from other steel and aluminum producers, scrap processors and alternative materials; (9) availability

of an adequate source of supply of scrap for our metals recycling operations; (10) cybersecurity threats and risks to the security

of our sensitive data and information technology; (11) the implementation of our growth strategy; (12) our ability to retain, develop

and attract key personnel; (13) litigation and legal compliance; (14) unexpected equipment downtime or shutdowns; (15) difficulties in

the launch or production ramp-up of new products; (16) our aluminum operations depend on a core group of significant customers; (17) governmental

agencies may refuse to grant or renew some of our licenses and permits; (18) our existing debt agreements contain, and any future financing

agreements may contain, restrictive covenants that may limit our flexibility; and (19) the impacts of impairment charges.

More specifically, we refer you to our more detailed explanation of

these and other factors and risks that may cause such predictive statements to turn out differently, as set forth in our most recent Annual

Report on Form 10-K under the headings Special Note Regarding Forward-Looking Statements and Risk Factors, in our Quarterly Reports

on Form 10-Q, or in other reports which we file with the Securities and Exchange Commission. These reports are available publicly

on the Securities and Exchange Commission website, www.sec.gov, and on our website, www.steeldynamics.com under “Investors –

SEC Filings.”

Contact:

Investor Relations — +1.260.969.3500

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