Steel Dynamics Q3 net income $756M, record steel shipments 3.8M tons

Steel Dynamics reported Q3 net income of $756 million, or $5.26 per share, up from $534 million in Q2 and $404 million a year ago. Net sales were $6.5 billion. Record steel shipments of 3.8 million tons and improved metal spreads drove operating income 44% higher sequentially to $1.0 billion.