EXHIBIT 12.1

STEEL DYNAMICS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)

	2001			2002			2003			2004			2005
Interest expense, including amortization of debt issuance costs	$	21,015		$	38,513		$	38,568		$	45,355		$	40,277
Capitalized interest	13,993			11,413			7,820			6,935			730
Fixed charges (a)	35,008			49,926			46,388			52,290			41,007
Income before taxes and extraordinary items	5,113			124,477			75,437			475,033			360,626
Amortization of capitalized interest	1,597			2,932			3,859			3,670			4,073
Less capitalized interest	(13,993		)	(11,413		)	(7,820		)	(6,935		)	(730		)
Adjusted earnings (b)	27,725			165,922			117,864			524,058			404,976
Ratio (b) / (a)	0.79x			3.32x			2.54x			10.02x			9.88x

For purposes of calculating our ratio of earnings to fixed charges, earnings consist of earnings from continuing operations before income taxes and extraordinary items, adjusted for the portion of fixed charges deducted from the earnings, plus amortization of capitalized interest. Fixed charges consist of interest on all indebtedness, including capitalized interest, and amortization of debt issuances costs.  In 2001, our earnings were insufficient to cover our fixed charges by $7.3 million.