STEEL DYNAMICS INC — Director's Dealing 2014

May 13, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: STEEL DYNAMICS INC (STLD)
CIK: 0001022671
Period of Report: 2014-05-12

Reporting Person: Graham Christopher A (Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5077	Direct

Footnotes

F1: Represents grant of restricted stock units equal to the same number of underlying shares, received as an award, for no consideration, and exempt from Section 16b by virtue of Rule 16b-3(d)(1) and (3). The restricted stock units are generally subject to a two year vesting requirement, following which settlement is to be made solely in the same number of shares of the company's common stock shown in Column 2.

F2: Reportable as directly owned shares of common stock in Table I, rather than as a derivative security in Table II, because, when vested, any and all underlying RSUs are payable solely in shares of common stock. (See Lincoln National Corp. (March 20, 1992) (Q.3).