Steel Dynamics issues Q1'26 guidance, flags aluminum ramp and higher working capital

Steel Dynamics Inc. (SDI), whose Aluminum Dynamics division operates its flat-rolled aluminum business, provided first quarter 2026 earnings guidance that pointed to higher profitability in its steel segment.

At the same time, the company’s aluminum business is entering a more capital-intensive phase as its Columbus, Miss., flat-rolled mill continues ramping up.

Nicholas Bell

Nicholas brings over half a decade of experience covering metals markets, pricing trends, and supply chain dynamics. Prior to joining AMU, he reported on aluminum, high-temperature scrap, and ferro-alloy markets at Argus Media, with additional coverage of minor metals and rare earths. His work has built deep expertise in North American metals pricing and trade flows. A native of Houston, Nicholas holds a bachelor’s degree in Media Production and an MBA with a concentration in Finance, both from the University of Houston.