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Welcome to Mesabi Nugget. An American Business Success Story Founded by three entrepreneurs in 1993 Produced first steel in January 1996 Went public November 1996 (NASDAQ: STLD) Fortune 500 in 2010 No. 368— Net sales of $6.3 billion in 2010

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Welcome to Mesabi Nugget

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Welcome to mesabi nugget l.jpg

Welcome to Mesabi Nugget


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  • An American Business Success Story

    • Founded by three entrepreneurs in 1993

    • Produced first steel in January 1996

    • Went public November 1996 (NASDAQ: STLD)

  • Fortune 500 in 2010

    • No. 368— Net sales of $6.3 billion in 2010

    • Shipped 5.3 million tons of steel and 5.2 million gross tons of recycled ferrous materials in 2010

    • Fifth largest carbon steel producer in the U.S.

    • Over 6,000 employees nationwide


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    2010 Mesabi Nugget startup

    History of SDI

    Mid 2008 Acquired Recycled South

    July 2007 Acquired The Techs

    _________

    Oct 2007 Acquired OmniSource

    2011/2012

    Copper

    Wire Mill

    ______________________________

    Mining Resources

    April 2006 Acquired Roanoke Electric: 2 long products steel mills and 3 fabrication plants

    2010

    Rail initiative

    Mar 2003 Acquired 3rd galvanizing facility

    _________ Nov 2003 1st Paint line addition

    Dec 2003 SBQ steel mill startup (Sept 2002 Qualitech Acquisition)

    Mid 2002 Structural steel mill startup

    Jan 2000 First fabrication plant

    1996 Sheet steel mill operational startup

    1993 SDI founded


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    Business Segments

    • Steel Operations

    • Metals Recycling and Ferrous Resources

    • Steel Fabrication

    2010 Revenue Mix

    Fabrication 3%

    Other 1%

    Metals Recycling and

    Ferrous Resources (includes Minnesota operations)

    35%

    Steel Operations 61%


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    Mesabi Nugget

    • Commercialization of Iron Nugget Manufacturing Plant using ITmk3®

    • First and only plant in the world

    • Links Mesabi Range to the fastest growing steel sector

    • JV – SDI 81% ownership, Kobe Steel 19%

    • $320MM Iron Range investment

    • 2 year construction project

      • More than 2,000 construction workers

  • > 1,000,000 man hours to construct during depth of recession


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    Mesabi Nugget

    • Production started Jan 2010

      • Produced 75,000 Metric Tons in 2010

      • Produced 103,000 Metric Tons as of YTD 9/30/2011

    • Estimated annual plant capacity – 500,000 metric tons

    • Environmentally sound technology

    • Over 100 new employees

    • 2011 payroll and benefits will approach $10,000,000

    97%-pure

    iron nuggets

    ITmk3 process produces only 4% of the carbon gases of blast furnaces.


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    Mesabi Nugget—Potential Iron Ore Concentrate Supply

    Mesabi Mining

    • Plan to mine and concentrate Taconite onsite

      • SDI owns more than 6,000 acres

      • Mineral rights for 15,000 acres

    • Mining 100% SDI owned

    • Environmental permit is pending

      • Best case Q1 2013

  • Once permitted

    • $100M capital investment

    • 70 new jobs


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    Mesabi Nugget—Potential Iron Ore Concentrate Supply

    Mining Resources

    • New venture to provide alternate supply of iron ore concentrate, complements future direct mining project

    • 80% SDI, 20% Magnetation

    • Reclaims hematite from tailings basins, using innovative magnetic technology

    • Environmentally beneficial project

    • Plan to build a new $50M plant near Hibbing, MN

      • Plan to produce 1M tonnes of iron concentrate per year, 800K available to Mesabi

      • Estimated start-up Q3 2012

    • 70 new jobs


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    A Diversified, Vertically Integrated Metals Company

    Metals Recycling

    Iron

    Steel

    Fabrication


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    “ Everyone Contributes.

    Everyone has an Impact.”


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