<SUBMISSION>
<ACCESSION-NUMBER>0001104659-07-030212
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20070416
<ITEMS>5.02
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20070423
<DATE-OF-FILING-DATE-CHANGE>20070423
<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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<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-21719
<FILM-NUMBER>07780494
</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>a07-11990_18k.htm
<DESCRIPTION>8-K
<TEXT>
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<div style="font-family:Times New Roman;">
 <div style="border:none;border-top:double windowtext 6.0pt;padding:0in 0in 0in 0in;"> <p style="border:none;margin:0in 0in .0001pt;padding:0in;"><a name="scotch"></a><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p> </div>

<p style="margin:0in 0in 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES AND EXCHANGE
COMMISSION</font></b></p>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WASHINGTON,
DC&#160; 20549</font></b></p>

<div style="line-height:9.0pt;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><hr size="1" width="160" noshade color="black" align="center" style="width:120.0pt;"></div>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM 8-K</font></b></p>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT
REPORT</font></b></p>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></b></p>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of Report
(date of earliest event reported): April 23, 2007 <b>(April 16,
2007)</b></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">STEEL DYNAMICS, INC.</font></b></p>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact name of
registrant as specified in its charter)</font></p>

<div align="center">

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  <p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><b>Indiana</b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.38%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.74%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">0-21719</font></b></p>
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  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.38%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">35-1929476</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.74%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State or other
  jurisdiction</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.38%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.74%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission File
  Number)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.38%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.74%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(IRS Employer</font></p>
  </td>
 </tr>
 <tr>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.74%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">of
  incorporation)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.38%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.74%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.38%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="31%" valign="top" style="padding:0in .7pt 0in .7pt;width:31.74%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Identification
  No.)</font></p>
  </td>
 </tr>
</table>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">6714 Pointe Inverness Way, Suite
200, Fort Wayne, Indiana 46804</font></b></p>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of
principal executive offices) (Zip Code)</font></p>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registrant&#146;s
telephone number, including area code:&#160; <b>260-459-3553</b></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Not Applicable</font></b></p>

<p align="center" style="margin:0in 0in 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Former name or
former address, if changed since last report)</font></p>

<p style="margin:0in 0in 12.0pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:</font></p>

<p style="font-size:10.0pt;margin:0in 0in 12.0pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Written communications pursuant to
Rule 425 under the Securities Act (17 CFR 230.425)</p>

<p style="font-size:10.0pt;margin:0in 0in 12.0pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>

<p style="font-size:10.0pt;margin:0in 0in 12.0pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p>

<p style="font-size:10.0pt;margin:0in 0in 12.0pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>


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</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0in 0in 12.0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item
5.02.&#160; Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers</font></b></p>

<p style="margin:0in 0in 12.0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">5.02 (b)</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0in 0in 12.0pt .3in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Effective
May&nbsp;1, 2007, in connection with and related to (i) his appointment as
Steel Dynamics, Inc.&#146;s Chairman of the Board, described in Item&nbsp;5.02(c)(1)
of this report, and (ii) the appointments of Mark&nbsp;D. Millett and
Richard&nbsp;P. Teets, Jr. as Executive Vice Presidents of the Company and
Presidents and Chief Operating Officers of the Business Groups described in
Item&nbsp;5.02(c)(2) and (3) of this report, Keith&nbsp;E. Busse, the current
President and Chief Executive Officer of the Company, will relinquish his
position as President.&#160; The office of President
of the Company will not be filled.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0in 0in 12.0pt .3in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Effective
May&nbsp;1, 2007, in connection with and related to his promotion as Executive
Vice President of the Company and described further in Item 5.02(c)(4) of this
report, Gary&nbsp;E. Heasley, the Company&#146;s current Chief Financial Officer,
will relinquish his position as Chief Financial Officer.&#160; This is a planned event and is unrelated to
any issues regarding job performance, accounting matters or the Company&#146;s
financial reporting and controls.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0in 0in 12.0pt .3in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Effective
May&nbsp;1, 2007, in connection with and related to her promotion as Chief
Financial Officer of the Company and described further in Item 5.02(c)(5) of
this report, Theresa&nbsp;E. Wagler, the Company&#146;s current Corporate
Controller, will relinquish her position as Corporate Controller.&#160; This is a planned event and is unrelated to
any issues regarding job performance, accounting matters or the Company&#146;s
financial reporting and controls.</p>

<p style="margin:0in 0in 12.0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">5.02 (c)</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0in 0in 12.0pt .3in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>On
April&nbsp;15, 2007 and effective May&nbsp;1, 2007, Steel Dynamics, Inc.
appointed Keith&nbsp;E. Busse to the position of Chairman of the Board of
Directors.&#160; Mr.&nbsp;Busse remains Chief
Executive Officer as well.&#160;
Mr.&nbsp;Busse was a co-founder of the Company in 1993 and has
been President and Chief Executive Officer since its inception.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0in 0in 12.0pt .3in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>On
April&nbsp;15, 2007 and effective May&nbsp;1, 2007, Steel Dynamics, Inc.
appointed Mark&nbsp;D. Millett to the position of Executive Vice President of
the Company and President and Chief Operating Officer for Flat Rolled Steel and
Ferrous Resources.&#160; Mr.&nbsp;Millett was
a co-founder of the Company in 1993 and has been a Vice President since
its inception.&#160; This new Business Group
will generally include flat-rolled steel products, metal recycling,
ferrous technologies and mining and minerals and, in particular, the Company&#146;s
Flat Roll Division, Iron Dynamics, Mesabi Nugget, Shredded Products and
Corporate Ferrous Resources and Logistics.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0in 0in 12.0pt .3in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>On
April&nbsp;15, 2007 and effective May&nbsp;1, 2007, Steel Dynamics, Inc.
appointed Richard&nbsp;P. Teets, Jr. to the position of Executive Vice
President of the Company and President and Chief Operating Officer for Steel
Shapes and Building Products.&#160;
Mr.&nbsp;Teets was a co-founder of the Company in 1993 and has
been a Vice President since its inception.&#160;
This new Business Group will generally include long steel products,
specialty steel products and fabricated steel products and, in particular, the
Company&#146;s Structural and Rail Division, the Engineered Bar Products Division,
the Roanoke Bar Division, Steel of West Virginia and New Millennium Building
System.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0in 0in 12.0pt .3in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>On
April&nbsp;15, 2007 and effective May&nbsp;1, 2007, Steel Dynamics, Inc.
appointed Gary&nbsp;E. Heasley to the position of Executive Vice President of
the Company for Strategic Planning and Business Development.&#160; In this new capacity, Mr.&nbsp;Heasley will
have a primary focus on organic growth and mergers and acquisitions.&#160; Since 2005, Mr.&nbsp;Heasley has been a Vice
President of the Company and its Chief Financial Officer and, prior to that,
was a senior vice president and manager of the Metals Group at Key Banc Capital
Markets.&#160; Mr.&nbsp;Heasley was also an
auditor with Ernst&nbsp;&amp; Young.&#160; He
has a B.S. degree in business administration from Youngstown State University
and is a Certified Public Accountant.</p>

<p style="font-family:Times New Roman;margin:5.0pt 0in 12.0pt .3in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">On
April&nbsp;15, 2007 and effective May&nbsp;1, 2007, Steel Dynamics, Inc.
appointed Theresa&nbsp;E. Wagler to the position of Vice President and Chief
Financial Officer.&#160; Ms.&nbsp;Wagler has
been a Vice President of the Company and its Corporate Controller since
2005.&#160; Prior to that, since 1998,
Ms.&nbsp;Wagler has been employed by the Company in various corporate financial
and accounting capacities, including corporate accounting, public</font></p>


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<p style="margin:5.0pt 0in 12.0pt .3in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:5.0pt 0in 12.0pt .3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">financial and regulatory reporting, banking and
financing activities.&#160; Prior to joining
the Company, Ms.&nbsp;Wagler was an auditor with Ernst&nbsp;&amp; Young and
also worked for National City Bank.&#160; She
has a B.S. degree in accounting from Taylor University and is a Certified
Public Accountant.</font></p>

<p style="margin:0in 0in 12.0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item
8.01.&#160; Other Events</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0in 0in 12.0pt .3in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>On
April&nbsp;15, 2007, in connection with the executive promotions described in
Item&nbsp;5.02(c) of this report, the Company&#146;s Compensation Committee and the
Board of Directors approved (i) an increase, effective May&nbsp;1, 2007, in the
automatic semi-annual (May&nbsp;21 and November&nbsp;21) stock option
grant levels under the Company&#146;s 2006 Equity Incentive Plan (for the officers
described) from the $80,000 grant level for Keith&nbsp;E. Busse to $100,000 and
from the $60,000 grant level for Mark&nbsp;D. Millett, Richard&nbsp;P. Teets,
Jr., Gary&nbsp;E. Heasley and Theresa&nbsp;E. Wagler to $80,000, and (ii) an
adjustment to the maximum allowable incentive bonus amount under the Company&#146;s
2003 Executive Incentive Plan, for Ms.&nbsp;Wagler, from a maximum cash and
stock bonus as a percentage of base salary of 150% and 75%, respectively, to
250% and 100%, respectively.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0in 0in 12.0pt .3in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>On
April 16, 2007, Steel Dynamics, Inc. issued a press release entitled &#147;Steel
Dynamics Announces Changes in Management Structure Designed to Support Future
Growth Initiatives.&#148;&#160; The full text of
the press release is furnished herewith and attached hereto as Exhibit 99.1.</p>

<p style="margin:0in 0in 12.0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item
9.01.&#160; Financial Statements and Exhibits</font></b></p>

<p style="margin:0in 0in 12.0pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">( c )&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Exhibits.</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
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  <p align="left" style="font-size:8.0pt;font-weight:bold;line-height:8.0pt;margin:0in 0in .0001pt;text-align:left;"><!-- SET mrlNoTableShading -->Exhibit Number</p>
  </td>
  <td width="1%" valign="bottom" style="padding:0in .7pt 0in 0in;width:1.98%;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="86%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in 0in;width:86.1%;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:0in 0in .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Description</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="11%" valign="top" style="border:none;padding:0in .7pt 0in 0in;width:11.92%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font></p>
  </td>
  <td width="1%" valign="top" style="padding:0in .7pt 0in 0in;width:1.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86%" valign="top" style="border:none;padding:0in .7pt 0in 0in;width:86.1%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A press release dated April 16, 2007 titled &#147;Steel
  Dynamics Announces Changes in Management Structure Designed to Support Future
  Growth Initiatives.&#148;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt 2.0in;page-break-after:avoid;text-indent:-1.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


 <p style="margin:24.0pt 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0in 0in .0001pt 2.0in;page-break-after:avoid;text-indent:-1.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in 12.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURE</font></b></p>

<p style="margin:0in 0in 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">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>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="51%" valign="top" style="padding:0in .7pt 0in 0in;width:51.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" valign="top" style="padding:0in .7pt 0in 0in;width:48.42%;">
  <p style="font-size:10.0pt;margin:0in 0in .0001pt;"><!-- SET mrlNoTableShading -->STEEL DYNAMICS, INC.</p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="51%" valign="top" style="padding:0in .7pt 0in 0in;width:51.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" valign="top" style="padding:0in .7pt 0in 0in;width:48.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="51%" valign="top" style="padding:0in .7pt 0in 0in;width:51.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in 0in;width:48.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Theresa E. Wagler</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="51%" valign="top" style="padding:0in .7pt 0in 0in;width:51.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: April 23,
  2007</font></p>
  </td>
  <td width="48%" valign="top" style="border:none;padding:0in .7pt 0in 0in;width:48.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By: Theresa E. Wagler</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="51%" valign="top" style="padding:0in .7pt 0in 0in;width:51.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" valign="top" style="padding:0in .7pt 0in 0in;width:48.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="51%" valign="top" style="padding:0in .7pt 0in 0in;width:51.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="48%" valign="top" style="padding:0in .7pt 0in 0in;width:48.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title: Vice President</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt 3.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


 <p style="margin:24.0pt 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<h4 align="right" style="font-weight:normal;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 99.1</font></b></h4>

<p align="right" style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman"><img width="169" height="43" src="g119901kmi001.jpg"></font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading --><b><font size="5" style="font-size:18.0pt;font-weight:bold;">Press Release</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="50%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:50.0%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">April 16, 2007</font></b></p>
  </td>
  <td width="50%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:50.0%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6714 Pointe Inverness
  Way, Suite 200</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fort Wayne, IN
  46804-7932</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">260.459.3553 Phone</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="right" style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">260.969.3590 Fax</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="right" style="margin:0pt 0pt 6.0pt;text-align:right;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">www.steeldynamics.com</font></i></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0pt 0pt .0001pt;"><b><font size="5" face="Times New Roman" style="font-size:16.0pt;font-weight:bold;">Steel
Dynamics Announces Changes in Management Structure</font></b></p>

<p style="margin:0pt 0pt 12.0pt;"><b><font size="5" face="Times New Roman" style="font-size:16.0pt;font-weight:bold;">Designed to Support Future Growth
Initiatives</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">FORT
WAYNE, INDIANA, April 16, 2007</font> &#151;&#160;
(NASDAQ-GS: STLD) </font>Today
Steel Dynamics announced changes in its management structure, effective
May&nbsp;1, to align operations management under two new business groups, each
headed by an executive vice president. The company also announced the creation
of a new corporate strategic planning and business development office, also
headed by an executive vice president. Under the new structure, Keith&nbsp;E.
Busse, formerly President and CEO, is appointed Chairman and CEO. These and
other organizational changes are designed to enhance the company&#146;s flexibility
in pursuit of current and future growth opportunities.</p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Since
the acquisition of Roanoke Electric Steel Corporation in April 2006, six
operating vice presidents as well as various corporate functions have reported
directly to Mr.&nbsp;Busse as President and CEO. Under the new management
structure, all operating units will report to two executive vice presidents,
who will in turn report to Mr. Busse. The Chief Financial Officer and other
corporate functions will also continue to report to Mr. Busse.</font></p>

<h1 style="font-weight:normal;margin:0pt 0pt 12.0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Executive Appointments</font></b></h1>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mark
Millett is appointed to the position of Executive Vice President of SDI, and
President and Chief Operating Officer for Flat Rolled Steels and Ferrous
Resources. Millett will be in charge of flat-rolled steel products, metals
recycling, ferrous technologies, and mining and minerals. As the head of this
business group, Millett will be responsible for the following current operations
and functions: The SDI Flat Roll Division, Iron Dynamics, Shredded Products,
LLC, Mesabi Nugget, and corporate Ferrous Resources and Logistics. His
responsibilities will also include the development of certain other planned
projects, including direct iron reduction and additional scrap processing
operations.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dick
Teets is appointed to the position of Executive Vice President of SDI, and
President and Chief Operating Officer for Steel Shapes and Building Products.
As the head of this business group, Teets will be responsible for the company&#146;s
operations that make long steel products, specialty steel products, and
fabricated steel products. Currently, these operations are the Structural and
Rail Division, the Engineered Bar Products Division, the Roanoke Bar Division,
Steel of West Virginia, Inc., and New Millennium Building Systems, LLC.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Millett,
47, and Teets, 51, co-founded Steel Dynamics with Keith Busse in 1993. Both are
directors of the company. Since 1998, Millett has served as Vice President and
General Manager of the Flat Roll Division. He holds a bachelor&#146;s degree in
metallurgy from the University of Surrey, England. Since 1998, Teets has held
the position of Vice President and General Manager of the Structural and Rail
Division. He holds a mechanical engineering degree from Lafayette College and
an M.B.A. from Duquesne University.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0pt;margin-right:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gary Heasley, 42, is
appointed to the position of Executive Vice President for Strategic Planning
and Business Development with a focus on organic growth and mergers and
acquisitions. <font style="color:black;font-weight:normal;"><font color="black" face="Times New Roman" style="color:windowtext;">Heasley received a B.S. degree in business administration
from Youngstown State University and is a Certified Public Accountant. </font></font>Before
joining Steel Dynamics as Vice President and CFO in 2005, Heasley was a senior
vice president and manager of the Metals Group of KeyBanc Capital Markets and
earlier served as an auditor with Ernst &amp; Young. He will continue to report
to Mr. Busse.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0pt;margin-right:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Theresa Wagler, 36, is
appointed to the position of Vice President and Chief Financial Officer. She
has served as Vice President and Corporate Controller since 2005. Wagler earned
a B.S. degree in accounting and </font></p>


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<p style="margin-bottom:12.0pt;margin-left:0pt;margin-right:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:12.0pt;margin-left:0pt;margin-right:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">systems analysis from Taylor
University and is a Certified Public Accountant. She joined Steel Dynamics in
1998 in corporate finance and accounting and had previous experience as an
auditor with Ernst &amp; Young.</font></p>

<p style="margin-bottom:12.0pt;margin-left:0pt;margin-right:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All of the above executives
will be based at the corporate offices of Steel Dynamics in Fort Wayne,
Indiana.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;In
light of the company&#146;s rapid growth in recent years, and substantial future
growth opportunities, we have re-examined our organizational structure and
concluded that the way forward for Steel Dynamics is to align management to
focus on four key areas: flat steel products, long steel products, ferrous
resources, and downstream operations,&#148; said Keith Busse. &#147;The new organization
provides specific executive oversight for each area, including greater
flexibility for Mark, Dick, and Gary to address business development and
related projects, while assigning to others the responsibilities for ongoing
division operations. The new structure also allows Mark, Dick, and Gary to
prepare for potentially greater future responsibilities and provides career
opportunities for a number of the company&#146;s talented managers as they take on
new responsibilities.&#148;</font></p>

<h1 style="font-weight:normal;margin:0pt 0pt 12.0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Division Management
Appointments</font></b></h1>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
company also announced that three experienced SDI managers have been assigned
new division management responsibilities.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Glenn
Pushis, 41, is appointed to the position of Vice President and General Manager
of the Flat Roll Division at Butler, Indiana. Pushis has served as vice
president and general manager of the Engineered Bar Products Division since
2003, overseeing the refurbishing and start-up of the SBQ mill in Pittsboro,
Indiana. Prior to that, he held engineering and management positions at the
Flat Roll mill, including manager of the Cold Finishing Mill. Pushis holds a
B.S. in Mechanical Engineering Technology from Purdue University and joined
Steel Dynamics in 1994 as a mechanical engineer.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John
Nolan, 55, is appointed to the position of Vice President and General Manager
of the Structural and Rail Division at Columbia City, Indiana. Nolan joined the
company in sales in 1994 and has served as Vice President of Marketing and
Sales since 1997, a corporate position whose responsibilities will now be
handled solely by the divisions. He has more than 30 years&#146; experience in the
steel industry and holds a B.S. in Metallurgical Engineering from Lafayette
College.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Barry
Schneider, 38, is appointed to the position of Vice President and General
Manager of the Engineered Bar Products Division at Pittsboro, Indiana. Since
2003, Schneider has served as manager of the Flat Roll Division&#146;s Cold
Finishing Mill. He holds a B.S. in Mechanical Engineering from Rose-Hulman
Institute of Technology, and has held a variety of engineering, supervisory,
and management positions since he joined the company in 1995 as a mechanical
engineer.</font></p>

<h1 style="font-weight:normal;margin:0pt 0pt 12.0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Corporate Appointments</font></b></h1>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
following managers are being promoted to the position of vice president in the
corporate finance group, both reporting to the chief financial officer.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Thomas
Hartman, 42, is appointed Vice President and Corporate Controller. Hartman
joined Steel Dynamics in 1994 as corporate tax manager and has served as
controller of the Flat Roll Division since 1998. A Certified Public Accountant,
he had prior accounting experience with Ernst &amp; Young and holds a B.S. in
accounting from Manchester College.</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mary
Fink, 52, is promoted to Vice President of Tax and Benefits. Fink joined Steel
Dynamics in 1999 as corporate tax manager. She also administers SDI&#146;s employee
benefits plans and acts as SDI&#146;s Indiana government liaison. Fink is a
Certified Public Accountant with previous experience in public accounting and
in corporate tax with the Mayflower Group and DePuy Inc. She holds a B.S. in
accounting from Indiana University.</font></p>

<div style="line-height:9.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><hr size="1" width="100%" noshade color="black" align="center"></div>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:normal;">Contact:&#160; Fred Warner, Investor
Relations Manager, (260) 969-3564 or fax (260) 969-3590</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:36.0pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">f.warner@steeldynamics.com</font></i></b></p>



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