Stockholders of Steel Dynamics, Inc.

Total

Common

Additional
Paid-In

Retained

Treasury

Noncontrolling

Equity

Stock

Capital

Earnings

Stock

Interests

Balances at January 1, 2011

$

2,076,835

$

633

$

998,728

$

1,821,133

$

(727,624

)

$

(16,035

)

Proceeds from the exercise of stock options, including related tax effect

13,267

3

13,264

—

Dividends declared

(65,564

)

—

(65,564

)

—

Equity-based compensation and issuance of restricted stock

13,078

—

11,303

—

1,775

—

Contributions from noncontrolling investors

5,645

—

5,645

Distributions to noncontrolling investor

(508

)

—

(508

)

Net and comprehensive income (loss)

239,913

—

247,917

—

(8,004

)

Balances at September 30, 2011

$

2,282,666

$

636

$

1,023,295

$

2,003,486

$

(725,849

)

$

(18,902

)