STEEL DYNAMICS INC

Ticker: STLD CUSIP: 858119100 Class: COMMON STOCK

PICTON MAHONEY ASSET MANAGEMENT's Holding History (CIK: 0001539041)

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

Q2 2016

Shares 31,600 Value ($000) $774 Avg Close $20.03 Range $17.68 - $22.12

Q1 2016

Shares 303,108 Value ($000) $6,822 Avg Close $15.36 Range $12.48 - $18.79

Q4 2015

Shares 119,308 Value ($000) $2,130 Avg Close $14.45 Range $13.12 - $15.93

Q1 2015

Shares 386,400 Value ($000) $7,766 Avg Close $14.75 Range $13.06 - $16.57

Q4 2013

Shares 63,000 Value ($000) $1,231 Avg Close $14.08 Range $12.49 - $15.25

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	31,600	$774	$20.03	$17.68 - $22.12
Q1 2016	303,108	$6,822	$15.36	$12.48 - $18.79
Q4 2015	119,308	$2,130	$14.45	$13.12 - $15.93
Q1 2015	386,400	$7,766	$14.75	$13.06 - $16.57
Q4 2013	63,000	$1,231	$14.08	$12.49 - $15.25