FORT WAYNE, Ind., Feb. 14, 2019 /PRNewswire/ -- Steel
Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors has declared a quarterly cash dividend
of $0.24 per common share, a 28 percent increase over the company's 2018 quarterly rate. The dividend is
payable to shareholders of record at the close of business on March 31, 2019, and is payable on or about April 12,
2019.
"Through strategic growth and optimization of our operations, we have further positioned Steel Dynamics in recent years to
consistently perform at higher through-cycle levels," said Mark D. Millett, President and Chief
Executive Officer. "This meaningful increase in our quarterly cash dividend is a recognition of this achievement, and our
strong cash generation capability. Our unique culture of team empowerment and performance-based incentive programs, coupled
with our differentiated business model, are critical components that drive our best-in-class through-cycle operating and
financial performance. We are committed to a balanced and prudent capital allocation framework, while maintaining our
long-term focus toward value creating strategic growth initiatives."
About Steel Dynamics, Inc.
Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States based on
estimated annual steelmaking and metals recycling capability, with facilities located throughout the
United States, and in Mexico. Steel Dynamics produces steel products, including hot roll,
cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished
steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig
iron and processes and sells ferrous and nonferrous scrap.
Forward-Looking Statements
This press release contains some predictive statements about future events, including statements related to conditions in the
steel and metallic scrap markets, Steel Dynamics' revenues, costs of purchased materials, future profitability and earnings, and
the operation of new or existing facilities. These statements, which we generally precede or accompany by such typical
conditional words as "anticipate", "intend", "believe", "estimate", "plan", "seek", "project", or "expect", or by the words
"may", "will", or "should", 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. These statements speak only as of this date and
are based upon information and assumptions, which we consider reasonable as of this date, concerning our businesses and the
environments in which they operate. Such predictive statements are not guarantees of future performance, and we undertake no duty
to update or revise any such statements. Some factors that could cause such forward-looking statements to turn out differently
than anticipated include: (1) the effects of uncertain economic conditions; (2) cyclical and changing industrial
demand; (3) changes in conditions in any of the steel or scrap-consuming sectors of the economy which affect demand for our
products, including the strength of the non-residential and residential construction, automotive, manufacturing, appliance, pipe
and tube, and other steel-consuming industries; (4) fluctuation in the cost of key raw materials and supplies (including
steel scrap, iron units, and energy costs) and our ability to pass on any cost increases; (5) the impact of domestic and foreign
import price competition; (6) unanticipated difficulties in integrating or starting up new or acquired businesses or assets;
(7) risks and uncertainties involving product and/or technology development; and (8) occurrences of unexpected plant
outages or equipment failures.
More specifically, we refer you to Steel Dynamics' more detailed explanation of these and other 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
under the headings Special Note Regarding Forward-Looking Statements and Risk Factors, in our quarterly reports on Form 10-Q
or in other reports which we from time to time file with the Securities and Exchange Commission. These are available publicly on
the SEC website, www.sec.gov, and on the Steel Dynamics website, www.steeldynamics.com: Investors: SEC Filings.
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SOURCE Steel Dynamics, Inc.