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                                                                Exhibit 23.1


                         INDEPENDENT AUDITORS' REPORT

We consent to the reference to our firm under the caption "Experts" in the
Registration Statement on Form S-3 and related Prospectus of Steel Dynamics,
Inc. for the registration of shares of its common stock, and to the
incorporation by reference therein of our report dated January 26, 2001, with
respect to the consolidated financial statements of Steel Dynamics, Inc.
included in its Annual Report (Form 10-K) for the year ended December 31, 2000,
filed with the Securities and Exchange Commission.




Fort Wayne, Indiana
February 4, 2002


