| Steel Dynamics Announces Increased Revolving Credit Facility |
| FORT WAYNE, INDIANA, June 19, 2007 — Steel Dynamics, Inc. (NASDAQ/GS:
STLD) announced today that it has amended, restated and expanded its
senior secured revolving credit facility from the prior $350 million
level to a renewed 5-year $750 million facility. Subject to certain
conditions, Steel Dynamics also has the opportunity to increase the
facility size by an additional $350 million. The amended facility is
guaranteed by certain of Steel Dynamics subsidiaries and is secured by
substantially all of its accounts receivable and inventories. The
proceeds from the revolver will be available to fund working capital,
capital expenditures, acquisitions, share repurchases and other general
corporate purposes.
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| 6/19/2007 |