Oct 20 (Reuters) - Steel Dynamics ( STLD ) on Monday

posted third-quarter profit and revenue above Wall Street

estimates, as a decline in the costs of scrap raw material

outpaced average pricing at its steelmaking operations.

While steel spot and contract pricing momentum from

President Donald Trump's tariffs on steel imports is yet to pick

up, the U.S. steelmaker benefited from the fall in scrap

pricing.

Scrap raw material is an essential feedstock for Steel

Dynamics' ( STLD ) exclusively electric-arc furnace steel-producing

mills.

"We expect to benefit from stronger demand across our

platforms, including aluminum flat rolled products, as we move

into 2026," CEO Mark Millett said.

The firm views a reduction in unfairly traded imports as a

significant tailwind for its operations and market positioning,

while expecting the broader market dynamics to positively

influence performance across its operating platforms, he added.

"We have seen some order hesitancy from flat rolled steel

customers due to domestic trade actions, despite numerous

encouraging demand drivers."

The Fort Wayne, Indiana-based company's third-quarter

adjusted profit of $2.74 per share exceeded analysts' average

estimate of $2.64, according to data compiled by LSEG.

Revenue for the quarter ended September 30 rose 11.2% to

$4.83 billion from a year ago, beating Wall Street expectations

of $4.8 billion.