<SUBMISSION>
<ACCESSION-NUMBER>0001125282-04-002062
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20040510
<ITEMS>5
<FILING-DATE>20040510
<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>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-21719
<FILM-NUMBER>04793048
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>6714 POINTE INVERNESS WAY
<STREET2>SUITE 200
<CITY>FORT WAYNE
<STATE>IN
<ZIP>46804
<PHONE>2604593553
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>6714 POINTE INVERNESS WAY
<STREET2>SUITE 200
<CITY>FORT WAYNE
<STATE>IN
<ZIP>46804
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>b331864_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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Prepared and filed by St Ives Burrups
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<p align="center"><b><font face="Times New Roman,Times New Roman,Times,serif" size="4">SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, DC  20549</font></b></p>
<p align="center"><font size="2" face="Times New Roman,Times New Roman,Times,serif">________________</font></p>
<p align="center"><font size="2" face="Times New Roman,Times New Roman,Times,serif"><b>FORM 8-K</b></font></p>
<p align="center"><font size="2" face="Times New Roman,Times New Roman,Times,serif"><b>CURRENT REPORT</b></font></p>
<p align="center"><font size="2" face="Times New Roman,Times New Roman,Times,serif"><b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font></p>
<p align="center"><font size="2" face="Times New Roman,Times New Roman,Times,serif">Date of Report (date of earliest event reported):  May 10, 2004</font></p>
<p align="center"><b><u><font face="Times New Roman,Times New Roman,Times,serif" size="4">STEEL DYNAMICS, INC.</font></u></b></p>
<p align="center"><font size="2" face="Times New Roman,Times New Roman,Times,serif">(Exact name of registrant as specified in its charter)</font></p>
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    <td width="33%" align="center"><font size=2 face="Times New Roman,Times New Roman,Times,serif">Indiana</font></td>
    <td width="33%" align="center"><font size=2 face="Times New Roman,Times New Roman,Times,serif">0-21719</font></td>
    <td width="33%" align="center"><font size=2 face="Times New Roman,Times New Roman,Times,serif">35-1929476</font></td>
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    <td align="center"><font size=2 face="Times New Roman,Times New Roman,Times,serif">(State
         or other jurisdiction of<br>
incorporation or organization)</font></td>
    <td align="center"><font size=2 face="Times New Roman,Times New Roman,Times,serif">(Commission
      File Number)</font></td>
    <td align="center"><font size=2 face="Times New Roman,Times New Roman,Times,serif">(IRS
      Employer Identification No.)</font></td>
  </tr>
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<p align="center"><font size="2" face="Times New Roman,Times New Roman,Times,serif"><u>6714 Pointe Inverness Way, Suite 200, Fort Wayne, Indiana 46804</u></font></p>
<p align="center"><font size="2" face="Times New Roman,Times New Roman,Times,serif">(Address of principal executive officers) (Zip Code)</font></p>
<p align="center"><font size="2" face="Times New Roman,Times New Roman,Times,serif">Registrant&#146;s telephone number, including area code:  260-459-3553</font></p>
<p align="center"><font size="2" face="Times New Roman,Times New Roman,Times,serif">(Former name or former address, if changed since last report)<br>
Not Applicable</font></p>
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<p align="left"><font size="2" face="Times New Roman,Times New Roman,Times,serif"><b>Item 5.  Other Events and Regulation FD Disclosure.</b></font></p>
<p align="left"><font size="2" face="Times New Roman,Times New Roman,Times,serif">Steel Dynamics, Inc. is soliciting shareholder approval of the Steel Dynamics, Inc. Employee Stock Purchase Plan (the &#147;Plan&#148;) at Steel Dynamics&#146; Annual Meeting of Shareholders scheduled to be held on May 20, 2004, pursuant to Item No.&nbsp;3 in Steel Dynamics&#146; proxy statement filed with the Securities and Exchange Commission on April 5, 2004.  Steel Dynamics has agreed that, after approval of such Plan at its Annual Meeting of Shareholders, and notwithstanding the ten year term of the Plan, no more than 500,000 shares will be purchased on the open market with the proceeds of the company&#146;s matching contributions without obtaining further approval from Steel Dynamics&#146; shareholders.<br></font></p>
<p align="center"><font size="2" face="Times New Roman,Times New Roman,Times,serif"><b>SIGNATURE</b></font></p>
<p align="left"><font size="2" face="Times New Roman,Times New Roman,Times,serif">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.</font></p>
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<td width="60%"><font size="2" face="Times New Roman,Times New Roman,Times,serif">&nbsp;</font></td>
<td width="3%">&nbsp;</td>
<td><font size="2" face="Times New Roman,Times New Roman,Times,serif">STEEL DYNAMICS, INC.</font></td>
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  <td>&nbsp;</td>
  <td>&nbsp;</td>
  <td>&nbsp;</td>
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  <td>&nbsp;</td>
  <td>&nbsp;</td>
  <td><font size="2" face="Times New Roman,Times New Roman,Times,serif"><u>/s/ Tracy L. Shellabarger</u></font></td>
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  <td><font size="2" face="Times New Roman,Times New Roman,Times,serif">Date: May 10, 2004</font></td>
  <td><font size="2" face="Times New Roman,Times New Roman,Times,serif">By:</font></td>
  <td><font size="2" face="Times New Roman,Times New Roman,Times,serif">Tracy
    L. Shellabarger</font></td>
</tr>
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  <td>&nbsp;</td>
  <td>&nbsp;</td>
  <td>&nbsp;</td>
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  <td>&nbsp;</td>
  <td>&nbsp;</td>
  <td><font size="2" face="Times New Roman,Times New Roman,Times,serif">Title:
    Secretary</font></td>
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