Steel Dynamics (STLD) projects second-quarter earnings to decline sequentially, with mixed performance across steel, recycling and fabrication operations.
Steel Dynamics (STLD) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Financial forecasts from Steel Dynamics, United States Steel, and Nucor show weakening profitability for U.S. producers of the metal.