STEEL DYNAMICS INC

Ticker: STLD CUSIP: 858119100 Class: COMMON STOCK

MMCAP International Inc. SPC's Holding History (CIK: 0001304857)

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

Q4 2025

Shares 10,711 Value ($000) $1,815 Avg Close $158.36 Range $137.70 - $177.84

Q3 2025

Shares 15,311 Value ($000) $2,135 Avg Close $130.39 Range $119.11 - $140.98

Q4 2024

Shares 26,000 Value ($000) $2,966 Avg Close $130.47 Range $111.65 - $152.72

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	10,711	$1,815	$158.36	$137.70 - $177.84
Q3 2025	15,311	$2,135	$130.39	$119.11 - $140.98
Q4 2024	26,000	$2,966	$130.47	$111.65 - $152.72