STEEL DYNAMICS INC

Ticker: STLD CUSIP: 858119100 Class: COMMON STOCK

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

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

Q1 2020

Shares 40,740 Value ($000) $918 Avg Close $24.36 Range $13.32 - $30.61

Q4 2019

Shares 40,740 Value ($000) $1,387 Avg Close $28.20 Range $24.32 - $31.60

Q3 2019

Shares 40,290 Value ($000) $1,201 Avg Close $25.87 Range $22.50 - $28.88

Q2 2019

Shares 42,440 Value ($000) $1,282 Avg Close $26.59 Range $21.75 - $31.41

Q1 2019

Shares 41,850 Value ($000) $1,476 Avg Close $30.67 Range $25.17 - $33.96

Q4 2018

Shares 56,430 Value ($000) $1,695 Avg Close $32.42 Range $24.79 - $39.93

Q2 2018

Shares 55,290 Value ($000) $2,541 Avg Close $40.25 Range $36.27 - $44.32

Q1 2018

Shares 73,350 Value ($000) $3,244 Avg Close $39.00 Range $34.83 - $42.94

Q4 2017

Shares 72,550 Value ($000) $3,129 Avg Close $32.46 Range $28.33 - $37.17

Q3 2017

Shares 72,550 Value ($000) $2,501 Avg Close $29.48 Range $27.05 - $32.51

Q2 2017

Shares 93,330 Value ($000) $3,342 Avg Close $28.97 Range $26.88 - $31.37

Q1 2017

Shares 112,990 Value ($000) $3,928 Avg Close $29.67 Range $27.09 - $32.02

Q4 2016

Shares 111,060 Value ($000) $3,952 Avg Close $26.10 Range $19.35 - $33.31

Q3 2016

Shares 109,360 Value ($000) $2,733 Avg Close $21.06 Range $18.79 - $23.10

Q2 2016

Shares 107,820 Value ($000) $2,657 Avg Close $20.03 Range $17.68 - $22.12

Q1 2016

Shares 81,070 Value ($000) $1,836 Avg Close $15.36 Range $12.48 - $18.79

Q4 2015

Shares 77,460 Value ($000) $1,395 Avg Close $14.45 Range $13.12 - $15.93

Q3 2015

Shares 78,190 Value ($000) $1,354 Avg Close $15.53 Range $13.35 - $17.42

Q2 2015

Shares 76,050 Value ($000) $1,575 Avg Close $17.16 Range $15.54 - $18.46

Q1 2015

Shares 72,800 Value ($000) $1,473 Avg Close $14.75 Range $13.06 - $16.57

Q4 2014

Shares 77,950 Value ($000) $1,548 Avg Close $16.97 Range $14.81 - $18.55

Q3 2014

Shares 67,900 Value ($000) $1,543 Avg Close $17.12 Range $13.89 - $19.97

Q2 2014

Shares 61,400 Value ($000) $1,109 Avg Close $13.98 Range $13.22 - $14.83

Q1 2014

Shares 61,400 Value ($000) $1,092 Avg Close $13.53 Range $12.21 - $15.09

Q4 2013

Shares 60,500 Value ($000) $1,182 Avg Close $14.08 Range $12.49 - $15.25

Q3 2013

Shares 36,300 Value ($000) $607 Avg Close $12.11 Range $11.42 - $13.41

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	40,740	$918	$24.36	$13.32 - $30.61
Q4 2019	40,740	$1,387	$28.20	$24.32 - $31.60
Q3 2019	40,290	$1,201	$25.87	$22.50 - $28.88
Q2 2019	42,440	$1,282	$26.59	$21.75 - $31.41
Q1 2019	41,850	$1,476	$30.67	$25.17 - $33.96
Q4 2018	56,430	$1,695	$32.42	$24.79 - $39.93
Q2 2018	55,290	$2,541	$40.25	$36.27 - $44.32
Q1 2018	73,350	$3,244	$39.00	$34.83 - $42.94
Q4 2017	72,550	$3,129	$32.46	$28.33 - $37.17
Q3 2017	72,550	$2,501	$29.48	$27.05 - $32.51
Q2 2017	93,330	$3,342	$28.97	$26.88 - $31.37
Q1 2017	112,990	$3,928	$29.67	$27.09 - $32.02
Q4 2016	111,060	$3,952	$26.10	$19.35 - $33.31
Q3 2016	109,360	$2,733	$21.06	$18.79 - $23.10
Q2 2016	107,820	$2,657	$20.03	$17.68 - $22.12
Q1 2016	81,070	$1,836	$15.36	$12.48 - $18.79
Q4 2015	77,460	$1,395	$14.45	$13.12 - $15.93
Q3 2015	78,190	$1,354	$15.53	$13.35 - $17.42
Q2 2015	76,050	$1,575	$17.16	$15.54 - $18.46
Q1 2015	72,800	$1,473	$14.75	$13.06 - $16.57
Q4 2014	77,950	$1,548	$16.97	$14.81 - $18.55
Q3 2014	67,900	$1,543	$17.12	$13.89 - $19.97
Q2 2014	61,400	$1,109	$13.98	$13.22 - $14.83
Q1 2014	61,400	$1,092	$13.53	$12.21 - $15.09
Q4 2013	60,500	$1,182	$14.08	$12.49 - $15.25
Q3 2013	36,300	$607	$12.11	$11.42 - $13.41