VIA EDGAR

                       Securities and Exchange Commission
                             Washington, D.C. 20549

                                   Form RW WD
                      Application for Withdrawal of Filing
               (Pursuant to Rule 477 Under Securities Act of 1933)

                              Steel Dynamics, Inc.
                      6714 Pointe Inverness Way, Suite 200
                              Fort Wayne, IN 46804

                                  June 26, 2003

         Pursuant to Rule 477 under the Securities Act of 1933, as amended, we
hereby make this application for withdrawal of our Registration Statement on
Form S-3 (SEC File No. 333-90594), together with all exhibits thereto, which we
originally filed June 17, 2002 and amended on July 22, July 29 and August 21,
2003.

         The foregoing is an old and now stale filing relating to the then
intended sale by us and by other securityholders of certain shares of our common
stock, a transaction we voluntarily determined not to pursue almost a year ago.
Because of the dated nature of this filing, we are making this application to
remove this Registration Statement as an active matter.

         None of our securities were sold in connection with the foregoing
filing and intended offering.

         We submit that withdrawal of the referenced Registration Statement is
consistent with the public interest and the protection of investors, as
contemplated by paragraph (a) of Rule 477.

         Pursuant to the foregoing, we respectfully request that the Commission
issue an order granting this withdrawal request and that it fax a copy of the
written order, as soon as it is available, to our legal counsel, Robert S.
Walters, of Barrett & McNagny LLP at 260-423-8920. Please contact Mr. Walters at
260-423-8905 if you have any questions.

Very truly yours,

Steel Dynamics, Inc.

/s/  Tracy L. Shellabarger
By:  _______________________
         Tracy L. Shellabarger
         Chief Financial Officer