March 29, 2007 — Steel Dynamics, Inc. announced that it plans to sell approximately $400 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.

The company says it will use net proceeds from the sale of the debt securities to redeem its existing $300-million 9-1/2% Senior Notes due 2009, to repay amounts outstanding under its senior secured revolving credit facility, to finance certain capital expenditures and for general corporate purposes.

The company notes that 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 of 1933, as amended, or any state securities laws, and unless so registered, may not be offered 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.