July 21 (Reuters) - Steel Dynamics (STLD.O) , opens new tab on Monday posted second-quarter results below Wall Street estimates, as raw material costs increased and uncertainty around U.S. trade policy impacted demand.

Shares of the Fort Wayne, Indiana-based company fell more than 4% after hours.

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U.S. steelmakers stand to benefit from President Donald Trump's tariffs on steel imports pushing up prices, but the levies also threaten to raise raw material costs.

"The uncertainty regarding trade policy continues to cause hesitancy in customer order patterns across our businesses, despite healthy underlying demand factors," CEO Mark Millett said in the statement.

"We strongly believe that as individual country trade agreements are negotiated and trade policy is generally stabilized in the coming months, strong pent up demand for our products will result."

Steel Dynamics also reiterated an inventory overhang in its coated flat rolled products due to imports.

The company's second-quarter adjusted profit of $2.01 per share came in below analysts' estimate of $2.10, according to data compiled by LSEG.

Revenue for the quarter ended June 30 was $4.56 billion, missing Wall Street expectations of $4.76 billion.

https://www.reuters.com/markets/europe/steel-dynamics-posts-downbeat-quarterly-results-raw-material-costs-2025-07-21/