Steel Dynamics Announces Redemption of 7-5/8% Senior Notes Due 2020, Related Expenses Of $17M taken In March, Repayment Will Cut Annual Interest Burden By ~$27M

Steel Dynamics, Inc. (NASDAQ/GS: STLD) announced today that it has repaid all of its outstanding 7^5/[8]% Senior Notes due 2020 (the "Notes") at a price of 103.813% of the principal amount of the Notes, plus accrued and unpaid interest to, but not including, March 16, 2015, the date of redemption. On and after the redemption date, the Notes are no longer deemed to be outstanding, interest ceases to accrue thereon and all rights of the holders of the Notes cease to exist, except for the right to receive the redemption price, without further interest. Associated premiums and related expenses of approximately $17 million were recorded in March 2015. The repayment of $350.0 million of the principal amount of the Notes will reduce the company's annual interest burden by $27 million. The Notes were issued in the original principal amount of $350.0 million pursuant to an Indenture dated as of March 17, 2010, as amended by a First Supplemental Indenture dated as of September 16, 2014, (together, the "Indenture"), among the company, as Issuer, the guarantors party thereto, and Wells Fargo Bank, National Association, as trustee. The notice of redemption containing information required by the terms of the Indenture was sent to registered holders of the Notes on February 13, 2015. Questions relating to redemption should be directed to Wells Fargo Bank, National Association at 1-800-344-5128 or by fax at (612)-667-6282.