“We are fortunate to be in a position where we do not have to issue equity at valuations that the company’s board of directors believe are substantially lower than the fair value for our company,” said Keith E. Busse, President and Chief Executive Officer, “We have decided to step back and await a more favorable climate. We are doing very well, and there is no pressing reason for us to sell equity at this time.”

Steel Dynamics manufactures a variety of hot- and cold-rolled steel products at its Butler, Indiana, flat-roll mini-mill and has recently begun initial beam production at its new Columbia City, Indiana, structural steel and rail facility.

For more information about Steel Dynamics, Inc., please visit www.steeldynamics.com.

Forward Looking Statements:

This press release contains predictive statements about future events, including statements related to conditions in the steel marketplace, costs of steel production, selling prices, and other factors affecting the company’s future revenues and profitability. These statements are intended to be made as “forward-looking”� within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. Reference is made to SDI’s detailed explanation of the many factors and risks that may cause such predictive statements to turn out differently, as set forth in SDI’s most recent Annual Report on Form 10-K and other reports from time to time filed with the Securities and Exchange Commission, available publicly on the SEC’s Web site.

Contact: Fred Warner, Investor Relations Manager
(260) 969-3564 or fax (260) 969-3590
f.warner@steeldynamics.com