| Steel Dynamics Announces Offering of Notes |
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| FORT WAYNE, INDIANA, October 4, 2007 — Steel Dynamics, Inc. (NASDAQ:
STLD) announced today that it plans to sell approximately $500 million
in aggregate principal amount of debt securities in a transaction exempt
from the registration requirements of the Securities Act of 1933,
subject to market and other conditions. Steel Dynamics intends to use
the net proceeds from the sale of these debt securities to finance a
portion of the planned acquisition of OmniSource Corporation. In the
event that the Company does not consummate the acquisition, SDI will use
the net proceeds to repay indebtedness outstanding under its revolving
credit facility and for other general corporate purposes.
This announcement is neither an offer to sell nor a solicitation of an offer to buy these securities. The securities will not be registered under the Securities Act of1933, as amended, or any state securities laws, and unless so registered, may not be offering or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act of 1933 and applicable state securities laws. Contact: |
| 10/4/2007 |