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): December 7, 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 5.02.   Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

     (c)      On December 7, 2004, Registrant issued a press release announcing that it had appointed Gary E. Heasley as its new Chief Financial Officer, effective January 1, 2005. A copy of that press release is furnished herewith as Exhibit 99.1.

     Mr. Heasley will be employed for an initial term of one year at a base salary of $275,000, with immediate eligibility to participate in Steel Dynamics’ earnings-based and stockholder approved 2003 Executive Incentive Compensation Plan.

     From 2002 through the present, Mr. Heasley has been employed as Senior Vice President and Manager of the Metals Group for KeyBanc Capital Markets/McDonald Investments Inc. with responsibility for marketing investment banking and corporate finance products and services to the metals industry, involving equity, debt, corporate lending and syndication products, and mergers, acquisition and restructuring services.

     From 2001 to 2002, Mr. Heasley served as Senior Vice President of McDonald Investments Inc.’s Restructuring Group, responsible for origination and execution of engagements to advise debtors, creditors and other constituencies involved in both bankruptcy, insolvency and restructuring proceedings and to render expert reports and testimony on steel industry issues and various valuation matters.

     From 1998 to 2001, Mr. Heasley was Chief Financial Officer and a director of Nakornthai Strip Mill Public Company Limited (“NSM”), a Thailand based steel mini-mill, responsible for all financial and accounting functions, for dealing and negotiating with creditors during a period of collapsing international steel markets and in connection with NSM’s Thai bankruptcy, and for working with Thai and international creditor groups to develop and execute a plan of reorganization.

     Mr. Heasley was employed as a Senior Accountant, National Merger and Acquisition Group, for Ernst & Young LLP from 1993 to 1997 and, thereafter, for approximately a year, worked for McDonald Investments Inc. as Vice President of Corporate Finance in McDonald’s metals group.

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.
Date: December 13, 2004	By:	/s/ Theresa E. Wagler
		Theresa E. Wagler
		Title:	Assistant Secretary

EX-99.1

Exhibit 99.1

Press Release December 7, 2004
	6714 Pointe Inverness Way, Suite 200 Fort Wayne, IN 46804-7932 260.459.3553 Phone 260.969.3590 Fax www.steeldynamics.com

Steel Dynamics Names Gary Heasley
Chief Financial Officer

FORT WAYNE, INDIANA, December 7, 2004 – Steel Dynamics, Inc. (NASDAQ:STLD) today announced the appointment of Gary Heasley to the position of Chief Financial Officer, effective January 1, 2005. For the past three years, Gary has been employed in various capacities with KeyBanc Capital Markets, a division of McDonald Investments Inc., most recently as Senior Vice President and Manager of the Metals Group. 

Gary has a broad background in finance and accounting, with experience in auditing, project finance, operations management, mergers and acquisitions, and investment banking. He has a Bachelors degree in Business Administration from Youngstown State University, is a Certified Public Accountant, and worked for four years for Ernst & Young LLP as Senior Accountant in its National Merger and Acquisitions Group.

“Gary has a wide range of knowledge of and experience in the steel industry, having worked with a number of steelmaking clients around the world over the past ten years, and will make a fine addition to the SDI management team,” remarked Keith Busse, President and Chief Executive Officer of Steel Dynamics.

Forward Looking Statements

This press release contains predictive statements about future events. 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.

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