STEEL DYNAMICS INC

Ticker: STLD CUSIP: 858119100 Class: COMMON STOCK

NS Partners Ltd's Holding History (CIK: 0001657111)

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

Q4 2016

Shares 222,447 Value ($000) $7,915 Avg Close $26.10 Range $19.35 - $33.31

Q3 2016

Shares 220,841 Value ($000) $5,519 Avg Close $21.06 Range $18.79 - $23.10

Q2 2016

Shares 221,207 Value ($000) $5,420 Avg Close $20.03 Range $17.68 - $22.12

Q1 2016

Shares 221,503 Value ($000) $4,986 Avg Close $15.36 Range $12.48 - $18.79

Q4 2015

Shares 258,089 Value ($000) $4,612 Avg Close $14.45 Range $13.12 - $15.93

Q3 2015

Shares 276,286 Value ($000) $4,747 Avg Close $15.53 Range $13.35 - $17.42

Q2 2015

Shares 275,487 Value ($000) $5,708 Avg Close $17.16 Range $15.54 - $18.46

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	222,447	$7,915	$26.10	$19.35 - $33.31
Q3 2016	220,841	$5,519	$21.06	$18.79 - $23.10
Q2 2016	221,207	$5,420	$20.03	$17.68 - $22.12
Q1 2016	221,503	$4,986	$15.36	$12.48 - $18.79
Q4 2015	258,089	$4,612	$14.45	$13.12 - $15.93
Q3 2015	276,286	$4,747	$15.53	$13.35 - $17.42
Q2 2015	275,487	$5,708	$17.16	$15.54 - $18.46