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Steel Dynamics Management Discusses Q2 2012 Results - Earnings Call Transcript

Certain comments made today may involve forward-looking statements that by their nature are predictive. These are intended to be covered by the Safe Harbor protections of the Private Securities Litigation Reform Act of 1995. Such statements, however, speak only as of this date and involve risks and uncertainties related to our metals business or the general business and economic condition which may cause actual results to turn out differently. More detailed information about such risks and uncertainties may be found at the Investor Center Advisory Information tab on our Steel Dynamics website and our form 10-K annual report under the captions Forward-looking Statements and Risk Factors or as applicable in subsequently filed form 10-Q filed with SEC.

Joining me for today's call are Mark Millett, President and Chief Executive Officer of Steel Dynamics; and the company's Platfrom Executive vice Presidents including: Dick Teets, President and Chief Operating Officer for our steel operations; Russ Rinn, President and Chief Operating Officer for our metals recycling operations; and Gary Heasley, Business Development and President of our fabrication operations.

Now for opening remarks, I'm pleased to turn the call over to Mark.

Mark D. Millett

Well, thank you, Theresa, and good morning, everyone. I'd like to add my thanks for spending time with us this morning not only to discuss the quarter's results but to also talk about some of the near-term earnings catalyst that, I believe, we have at Steel Dynamics, and I consider them quite compelling.

In challenging times though, the true character of both individual and company becomes apparent. This is still a challenging political and economic global arena in which we operate today. Our industry is in a new era of greater volatility and less predictability than in years past.

But I believe there's good news. We continue at SDI to perform at the top of our peer group, maintaining our low-cost position, a key to our success. This is attributed to our employee culture and to our great team of some 6,500 employees, each of whom contributes each of the real impact, focusing on safety, bringing enhanced value to our customers and our innovation that will continue to differentiate ourselves from our competition. Thanks to each and everyone of them for their hard work and for their dedication.

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