STEEL DYNAMICS INC

Ticker: STLD CUSIP: 858119100 Class: COMMON STOCK

Nicholas Investment Partners, LP's Holding History (CIK: 0001389574)

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

Q4 2014

Shares 177,720 Value ($000) $3,508 Avg Close $16.97 Range $14.81 - $18.55

Q3 2014

Shares 162,507 Value ($000) $3,674 Avg Close $17.12 Range $13.89 - $19.97

Q1 2014

Shares 150,851 Value ($000) $2,683 Avg Close $13.53 Range $12.21 - $15.09

Q4 2013

Shares 137,138 Value ($000) $2,680 Avg Close $14.08 Range $12.49 - $15.25

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	177,720	$3,508	$16.97	$14.81 - $18.55
Q3 2014	162,507	$3,674	$17.12	$13.89 - $19.97
Q1 2014	150,851	$2,683	$13.53	$12.21 - $15.09
Q4 2013	137,138	$2,680	$14.08	$12.49 - $15.25