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                                                                    Exhibit 23.2

                        INDEPENDENT AUDITORS' CONSENT

We consent to the incorporation by reference in this Registration Statement of
Steel Dynamics, Inc. on Form S-3 of our report dated February 1, 1999,
appearing in the Annual Report on Form 10-K of Steel Dynamics, Inc. for the
year ended December 31, 1998 and to the reference to us under the heading
"Experts" in the Prospectus, which is part of this Registration Statement.


DELOITTE & TOUCHE LLP

Indianapolis, Indiana
February 4, 2002


