EX-25.1 7 b331690ex25_1.htm FORM T-1 Prepared and filed by St Ives Burrups

Back to Contents

EXHIBIT 25.1
 

FORM T-1

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2) [•]

     
THE BANK OF NEW YORK TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
     

(State of incorporation
if not a U.S. national bank)		   59-2283428
(I.R.S. employer
identification no.)
     
800 Brickell Avenue
Suite 300
Miami, Florida
(Address of principal executive offices)		   33131
(Zip code)
     
STEEL DYNAMICS, INC.
(Exact name of obligor as specified in its charter)
     

 

Indiana
(State or other jurisdiction of
incorporation or organization)

 

  

 

35-1929476
(I.R.S. employer
identification no.)

 
     
Steel Dynamics Sales North America, Inc.
(Exact name of obligor as specified in its charter)
     
Indiana
(State or other jurisdiction of
incorporation or organization)		   51-0397408
(I.R.S. employer
identification no.)
     
SDI Investment Company
(Exact name of obligor as specified in its charter)
     
Delaware
(State or other jurisdiction of
incorporation or organization)		   32-0029621
(I.R.S. employer
identification no.)
     
Ferrous Resources, LLC
(Exact name of obligor as specified in its charter)
     
Indiana
(State or other jurisdiction of
incorporation or organization)		   (I.R.S. employer
identification no.)
     
Dynamic Bar Products, LLC
(Exact name of obligor as specified in its charter)
Indiana
(State or other jurisdiction of
incorporation or organization)		   82-0562226
(I.R.S. employer
identification no.)
     
6714 Pointe Inverness Way,
Suite 200
Fort Wayne, Indiana
(Address of principal executive offices)		   46804
(Zip code)
     
     
9 1/2% Senior Notes due 2009
(Title of the indenture securities)
 

Back to Contents

1.
General information. Furnish the following information as to the trustee:
     
  (a)
Name and address of each examining or supervising authority to which it is subject.
     
    Name   Address
   
 
    Comptroller of the Currency
United States Department of the Treasury		   Washington, D.C. 20219
         
    Federal Reserve Bank   Atlanta, Georgia 30309
         
    Federal Deposit Insurance Corporation   Washington, D.C. 20429
     
  (b)
Whether it is authorized to exercise corporate trust powers.
     
   
Yes.
   
2.
Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

16.
List of Exhibits.
   
 
Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).
     
  1.
A copy of the articles of association of The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-100717).
     
  2.
A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-100717).
     
  3.
A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-100717).
     
  4.
A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-100717).
     
  6.
The consent of the trustee required by Section 321(b) of the Act.
     
  7.
A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

2

Back to Contents

SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of Chicago, and State of Illinois, on the 29th day of April, 2004.

 
THE BANK OF NEW YORK TRUST COMPANY, N.A.
     
  By:
/s/ Eric Lindahl
   
 
Name:
 Eric Lindahl
 
Title:
 Vice President

3

Back to Contents

SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of Chicago, and State of Illinois, on the 29th day of April, 2004.

 
THE BANK OF NEW YORK TRUST COMPANY, N.A.
     
  By:
/s/ Eric Lindahl
   
 
Name:
 Eric Lindahl
 
Title:
 Vice President

4

Back to Contents

EXHIBIT 6

CONSENT OF THE TRUSTEE

Pursuant to the requirements of Section 321 (b) of the Trust Indenture Act of 1939, and in connection with the proposed issue of STEEL DYNAMICS, INC. 9-1/2% Senior Notes due 2009, The Bank of New York Trust Company, N.A., hereby consents that reports of examinations by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon request therefor.

    THE BANK OF NEW YORK TRUST
COMPANY, N.A.
     
    By: /s/ Eric Lindahl
     
      Name: Eric Lindahl
      Title: Vice President

Chicago, Illinois
April 29, 2004

1