8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): March 24, 2004

STEEL DYNAMICS, INC.
(Exact name of registrant as specified in its charter)

Indiana	0-21719	35-1929476
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification No.)

6714 Pointe Inverness Way, Suite 200, Fort Wayne, Indiana 46804
(Address of principal executive officers) (Zip Code)

Registrant’s telephone number, including area code: 260-459-3553

(Former name or former address, if changed since last report)

Not Applicable

Item 9. Regulation FD Disclosure.

On March 24, 2004, Steel Dynamics, Inc. issued a press release entitled “Steel Dynamics Plans Building Systems Expansion in Southeastern U.S.” The full text of the press release is furnished herewith and attached hereto as Exhibit 99.1.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereto duly authorized.

		STEEL DYNAMICS, INC.
	By:	/s/ Tracy L. Shellabarger
		Tracy L. Shellabarger
Date: March 24, 2004		Title: Secretary

EX-99.1

Press Release	6714 Pointe Inverness Way, Suite 200
March 24, 2004	Fort Wayne, IN 46804-7932
	260.459.3553 Phone
	260.969.3590 Fax
	www.steeldynamics.com

Steel Dynamics Plans Building Systems
Expansion in Southeastern U.S.

FORT WAYNE, INDIANA, March 24, 2004 – Today Steel Dynamics, Inc. (NASDAQ: STLD) announced that New Millennium Building Systems, LLC, a wholly owned subsidiary, has begun site-selection discussions for the location of a new joist and deck fabrication plant in the southeastern U.S. Among the states under consideration are Alabama, Georgia, Florida and the Carolinas. The planned facility will be the company’s second steel-fabrication plant.

“We decided on the Southeast region for our first geographic expansion of the business,” said Bert Hollman, President of New Millennium, “because the construction market in the South continues to have strong growth potential. We, likewise, will be in a better position to serve national accounts based in the South, such as major retailing and distribution companies that have ongoing programs to build new facilities, not only in the South but across the country.

“We expect to make a decision on the site for the new plant this spring and begin construction this summer. The plant could begin operation in the first quarter of 2005,” Hollman said. The new operation is expected to have annual production capacities of about 70,000 tons for joists and 50,000 tons for decking. Most of the steel used in manufacture is expected to be supplied by Steel Dynamics. The plant could ultimately employ about 200 people.

New Millennium manufactures steel components, including joists, trusses, girders, and decking, that are used in the construction of non-residential buildings, such as shopping centers, warehouses, factories, hospitals, and schools. The company benefits from highly efficient production methods and a productive, non-union workforce that allows the company to maintain effective control of costs. Since beginning production at its Butler, Indiana, plant in 2000, New Millennium has grown its sales, primarily in the upper Midwest, to become a major building-components manufacturer, offering our customers high-quality products and excellent customer service.

Forward Looking Statements

This press release contains predictive statements about future events, including operation of existing and planned operations and future financial benefits the company may derive from these businesses. These statements are intended to be made as “forward-looking,” subject to many risks and uncertainties, within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. Such predictive statements are not guarantees of future performance, and actual results could differ materially from our current expectations.

We refer you to SDI’s detailed explanation of the many factors and risks that may cause such predictive statements to turn out differently, as set forth in our most recent Annual Report on Form 10-K and in other reports which we from time to time file with the Securities and Exchange Commission, available publicly on the SEC’s Web site, www.sec.gov and on the company’s Web site, www.steeldynamics.com.

Contact:	Fred Warner, Investor Relations Manager, (260) 969-3564 or fax (260) 969-3590
	f.warner@steeldynamics.com