Steel Dynamics missed Q2 revenue estimates, reporting $4.57 billion v $4.73 billion expected, with net income falling to $299 million. CEO Mark Millett warned that Trump-era tariffs continue to cause customer hesitation despite strong demand. Retail sentiment remains bullish as steel prices stabilise. STLD shares fell 1% premarket but are up 17% YTD amid hopes of policy clarity and US trade deals.