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<ITEMS>7
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<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>STEEL DYNAMICS INC
<CIK>0001022671
<ASSIGNED-SIC>3312
<IRS-NUMBER>351929476
<STATE-OF-INCORPORATION>IN
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
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<FILE-NUMBER>000-21719
<FILM-NUMBER>02559391
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<BUSINESS-ADDRESS>
<STREET1>7030 POINTE INVERNESS WAY
<STREET2>SUITE 310
<CITY>FORT WAYNE
<STATE>IN
<ZIP>46804
<PHONE>2194593553
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<STREET1>7030 POINTE INVERNERSS WAY
<STREET2>SUITE 310
<CITY>FORT WAYNE
<STATE>IN
<ZIP>46804
</MAIL-ADDRESS>
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<FILENAME>y57921e8-k.txt
<DESCRIPTION>STEEL DYNAMICS INC
<TEXT>
<PAGE>
                       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): February 4, 2002




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

<TABLE>
<S>                                       <C>                                <C>
           Indiana                                0-21719                        35-1929476
(State or other jurisdiction of           (Commission File Number)              (IRS Employer
 incorporation or organization)                                              Identification No.)
</TABLE>

         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
<PAGE>
ITEM 5.  OTHER EVENTS.

On February 26, 2002, the Registrant issued a press release announcing the
commencement of a number of refinancing transactions. The text of this press
release is attached as Exhibit 99.2 and is filed and incorporated herein by
reference.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

(c)      EXHIBITS.

   99.2      Press Release dated February 26, 2002



                                   SIGNATURES

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:  February 26, 2002                           By: /s/ Tracy L. Shellabarger
                                                           Tracy L. Shellabarger
                                                           Title:  Secretary



                                INDEX TO EXHIBITS

Exhibit   Description

99.2      Press Release dated February 26, 2002


                                       2

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>y57921ex99-2.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>
                                                                    Exhibit 99.2



                                                           [STEEL DYNAMICS LOGO]


PRESS RELEASE                               6714 Pointe Inverness Way, Suite 200
FEBRUARY 26, 2002                                      Fort Wayne, IN 46804-7932
                                                              260.459.3553 Phone
                                                                260.969.3590 Fax
                                                           www.steeldynamics.com

              Steel Dynamics Announces Commencement of Refinancing

FORT WAYNE, INDIANA, February 26, 2002 -- Steel Dynamics, Inc. (NASDAQ: STLD)
 (the "Company"), launched syndication last week of a new $350 million senior
secured credit facility (the "Credit Facility") and today announced that it is
proposing to offer in March by way of a private placement a new issue of $200
million of senior notes due 2009 (the "Notes").

         The Company intends to use the net proceeds from the offering and the
Credit Facility to repay borrowings under existing credit facilities and for
general corporate purposes.

         This press release shall not constitute an offer to sell nor a
solicitation of an offer to buy any of the Notes.

         The Notes will be offered to qualified institutional buyers under Rule
144A and to persons outside of the United States under Regulation S. The Notes
have not been registered under the Securities Act of 1933, as amended (the
"Securities Act"), and may not be offered or sold in the United States, absent
registration or an applicable exemption from the Securities Act registration
requirements and applicable state securities laws.

         Steel Dynamics is one of the most profitable steel producers in the
United States in terms of operating profit per ton. The Company primarily owns
and operates a state-of-the-art, low-cost flat-rolled mini-mill located in
Butler, Indiana. The Butler mini-mill began commercial production in January
1996 and was constructed in only 14 months, representing what the Company
believes is the shortest construction period ever for a facility of this kind.
The mini-mill currently has an annual production capacity of 2.2 million tons.
The total capital cost of the Butler mini-mill was $630.0 million, which the
Company believes is significantly less than the cost of comparable mini-mills
currently operating. The Butler mini-mill produces a broad range of high quality
hot rolled, cold-rolled and coated steel products, including a large variety of
high-value added and high-margin specialty products such as thinner gauge rolled
products and galvanized products. The Company sells its products directly to
end-users and steel service centers primarily in the Midwestern United States.
The products are used in numerous sectors, including the automotive,
construction and commercial industries.

               Contact: Tracy Shellabarger, Vice President & CFO,
                    260.969.3555 phone and 260.969.3592 fax


</TEXT>
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