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.
Steel Dynamics, Ternium and Universal Stainless & Alloy Products have been highlighted in this Industry Outlook article.
A pullback in steel prices and the sluggishness in China mar prospects for the Zacks Steel Producers industry. STLD, TX and USAP are well poised to navigate the current challenging environment.