Steel Dynamics Named Steel Producer of the Year

FORT WAYNE, Ind., July 6, 2011 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) recently was named "Steel Producer of the Year" at the American Metal Market's second annual Awards for Steel Excellence in New York City. Steel Dynamics was chosen for this prestigious award based on the company's achievement of operational excellence, its industry-leading 2010 financial performance in steelmaking, and its continuing progress in the strategic development of its raw materials platforms.

"We truly value this recognition afforded us by industry and AMM leadership," said Keith Busse, Chairman and CEO. "Everyone at SDI continually strives to excel and improve on past performance. This award is a measure of the respect we have received over time from our customers, suppliers, and other partners as a result of the hard work, dedication, and creativity of our 6,000 employees, who have long been the key to our success."

"Steel Dynamics is a growth company, unique in American steel industry history. Since the production of our first steel coil 15 years ago, our focus has been not only to provide quality steel products to meet customer needs, but to also look ahead by developing and producing new products to fulfill customer requirements. At the same time, we have continued our emphasis on operational excellence and cost leadership. This formula has served us well. We look to the future with confidence that SDI is prepared to make a continuing strong contribution to the American steel industry," Busse said.

Forward-Looking Statements

This press release contains some predictive statements about future events, including statements related the development and production of new products, the acceptance and purchase of these products by new customers to the company, and the ultimate success of these products in the North American marketplace.  These statements are intended to be made as "forward-looking," subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995.   Such predictive statements are not guarantees of future performance, and actual results could differ materially from our current expectations.

We refer you to SDI's detailed explanation of various factors and risks that may cause such predictive statements to turn out differently, as set forth in our most recent Annual Report on Form 10-K and in other reports which we from time to time file with the Securities and Exchange Commission, available publicly on the SEC Web site, www.sec.gov, and on the Steel Dynamics Web site, www.steeldynamics.com

Forward-looking or predictive statements we make are based on our knowledge of our businesses and the environment in which they operate as of the date on which the statements were made.   Due to these risks and uncertainties, as well as matters beyond our control which can affect forward-looking statements, you are cautioned not to place undue reliance on these predictive statements, which speak only as of the date of this press release.   We undertake no duty to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE Steel Dynamics, Inc.