• Steel Dynamics, Inc. is set to report its fourth-quarter earnings on January 26, 2026, with analysts expecting higher earnings and revenue than the prior year, while recent commentary has highlighted potential benefits from tariffs on foreign steel.

• At the same time, Fortune named Steel Dynamics one of the World’s Most Admired Companies for the ninth consecutive year, underscoring external recognition of its innovation, people management, and product quality.

• With the stock up over the past week, we’ll explore how the anticipated earnings strength shapes Steel Dynamics’ broader investment narrative.

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To own Steel Dynamics here, you need to be comfortable with a cyclical steel story that is currently enjoying a favorable run of sentiment. The upcoming January 26 earnings, with analyst expectations now a touch above management’s own guidance, sharpen the near term catalyst around whether profitability can firm up after last year’s weaker margins. Jim Cramer’s tariff-focused comments and the strong share price response, alongside the ninth consecutive “World’s Most Admired Companies” recognition, reinforce a narrative of quality and potential policy support, but they also raise the bar for future results. At the same time, slower forecast revenue growth, insider selling in recent months, and the stock’s strong multi-year total return leave less room for disappointment if pricing, spreads, or tariffs do not break in Steel Dynamics’ favor.

But there is one earnings-related risk here that investors should really understand. Steel Dynamics’ shares have been on the rise but are still potentially undervalued by 46%. Find out what it’s worth.

Community members on Simply Wall St place Steel Dynamics’ fair value anywhere from about US$120 to over US$333, across five independent views, which shows just how far apart expectations can be. Set against the recent optimism around tariffs and near term earnings, that spread underlines why it is worth weighing both the upside narrative and the risks to margins and growth before deciding where you stand.

Explore 5 other fair value estimates on Steel Dynamics – why the stock might be worth as much as 84% more than the current price!

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