| FORT WAYNE, INDIANA, September 2, 2005 — Today Steel Dynamics, Inc. (NASDAQ: STLD)
announced that it has notified its customers for cold rolled,
galvanized and painted sheet products that, until it can make
alternative hydrogen gas supply arrangements, it is suspending order
entry for these hydrogen gas-dependent, value-added products.
The company was informed by Air Products Corporation (APC), its
hydrogen gas supplier, that APC would be unable to meet its immediate
supply commitments to SDI due to the temporary outage of its New Orleans
hydrogen gas production facility in the wake of Hurricane Katrina and
the planned two-month shut down of its Sarnia, Ontario plant as a result
of feedstock curtailment by Nova Chemicals.
“While we have some on-hand supply and have already arranged for some
alternative sources of hydrogen gas, we wanted to inform our customers
of the potential problem as soon as possible,” stated Keith Busse,
SDI’s President and CEO.
“We plan to adjust our product mix to optimize our existing supply of
hydrogen gas, taking into account critical needs,” said Busse.
“However, although we hope that there will be only minimal impact, there
could be some loss of value-added margin over this period of time.”
Production of hot rolled and hot rolled pickled and oiled coils will
not be affected. The company’s Structural and Rail Division, Bar
Products Division and New Millennium Building Products subsidiary are
also unaffected.
Forward Looking Statements
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