Exhibit 99.1
Press Release |
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June 29, 2006 | 6714 Pointe Inverness Way, Suite 200 | |
| Fort Wayne, IN 46804-7932 | |
| 260.459.3553 Phone | |
| 260.969.3590 Fax | |
| www.steeldynamics.com |
Steel Dynamics Announces Second Quarter Regular and Continued Special Cash Dividend
FORT WAYNE, INDIANA, June 29, 2006—Steel Dynamics, Inc.—(NASDAQ: STLD) today announced that its Board of Directors has approved the continuation of a special cash dividend of $0.10 per common share to be distributed in addition to the company’s regular quarterly cash dividend of $0.10 per common share. Shareholders of record at the close of business on June 30, 2006 will therefore receive a combined cash dividend of $0.20 per common share payable on July 14, 2006.
The board intends to continue to declare this dividend payment of a combined $0.20 per common share during the remainder of 2006 on a quarterly basis. The decision to continue this combined dividend payment is based on the company’s strong financial results and future earnings outlook.
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Contact: |
| Fred Warner, Investment Relations Manager |
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| (260) 969-3500 |
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| f.warner@steeldynamics.com |