Steel Dynamics Inc

STLD is in a Stage 2 corrective equilibrium, holding above the 9/20/50 EMA cluster and 200-day SMA without clear continuation or reversal signals. Medium-term structure remains bullish, but short-term congestion and neutral momentum advise patience. Look to engage on a clear resolution—either a pullback absorbed near the EMA zone or a break above the $245 resistance range.

• ↑Q2 revenue $6.1B (+33% YoY) and net income $534M (+79%).
• ↑Record steel shipments of 3.7M tons drove $721M operating income.
• ↓Aluminum division logged $33M operating loss during ramp-up phase.