06:25 AM EDT, 09/16/2025 (MT Newswires) -- Steel Dynamics ( STLD ) shares were trending higher early Tuesday after the steel producer said it expects third-quarter earnings to be higher on sequential and annual bases, buoyed by improved profit from its three operating businesses.

The company anticipates earnings to be in a range of $2.60 to $2.64 per share for the third quarter, up from $2.01 in the previous quarter and $2.05 in the prior-year period, it said late Monday. The current consensus on FactSet is for EPS of $2.64. The stock was up 1.8% in the most recent premarket activity.

Earnings from the firm's steel operations are projected to be stronger than the second quarter, boosted by robust shipments and metal spread expansion, according to the company. Costs related to scrap raw materials are expected to decline more than average realized pricing of steel, while demand continues to be led by the non-residential construction, automotive, energy and industrial sectors, Steel Dynamics ( STLD ) added.

In the metals recycling segment, third-quarter earnings are forecast to be substantially stronger sequentially, aided by steady shipments and robust ferrous metal spread.

Profit from the steel fabrication business is also expected to be higher from the second quarter, amid increased volume combined with steady metal spread, the company said. The steel producer's order backlog "remains strong" with "healthy" pricing, while demand has mainly been supported by the commercial, data center, manufacturing, warehouse and healthcare sectors.

Steel Dynamics ( STLD ) anticipates meaningful domestic manufacturing investment announcements and the US infrastructure program to have a positive impact on demand for steel joist and deck products, as well as for flat rolled and long product steel.

The company is scheduled to release its third-quarter results after the markets close on Oct. 20.