STEEL DYNAMICS INC

Ticker: STLD CUSIP: 858119100 Class: COMMON STOCK

COBALT CAPITAL MANAGEMENT, INC.'s Holding History (CIK: 0001086762)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016

Shares 100,000 Value ($000) $2,251 Avg Close $15.36 Range $12.48 - $18.79

Q4 2015

Shares 100,000 Value ($000) $1,787 Avg Close $14.45 Range $13.12 - $15.93

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	100,000	$2,251	$15.36	$12.48 - $18.79
Q4 2015	100,000	$1,787	$14.45	$13.12 - $15.93