Roanoke Electric Steel

Roanoke Electric Steel Corporation (Roanoke Electric Steel), together with its wholly owned subsidiaries, is engaged in the manufacturing, fabricating and marketing of merchant steel products, specialty steel sections, billets and open-web joists. The Company has a steel mini-mill located in Roanoke, Virginia. This facility melts scrap steel in electric furnaces and continuously casts the molten steel into billets. On October 18, 2005, Roanoke Electric Steel and Steel Dynamics, Inc. (SDI) announced the execution of a definitive agreement of merger, pursuant to which SDI will acquire Roanoke and all of its subsidiaries. On January 27, 2005, RESCO Steel Products Corporation (RESCO Steel Products), a wholly owned subsidiary of the Company, sold its reinforcing bar fabrication assets, which represented substantially all of its assets, to Rockingham Steel, Inc. In April 2006, the Company was acquired by Steel Dynamics, Inc.