Steel Dynamics, Inc. is a steel manufacturing company that owns and operates steel mini-mills. The Company has two business segments: steel operations and steel scrap substitute operations. The steel operations segment includes the Company's Flat Roll Division, Structural and Rail Division, and Bar Division. The Flat Roll Division sells hot-rolled, cold-rolled and coated steel products, including various specialty products such as thinner gauge hot-rolled products and galvanized products. The Structural and Rail Division produces and sells structural steel beams, pilings and other steel components. The Company's Bar Division expects to begin production of SBQ, merchant and reinforcing bar products in the first half of 2004. Its steel scrap substitute operations are carried out by its wholly owned subsidiary, Iron Dynamics, Inc. (IDI). IDI is developing a process of producing direct reduced iron, which is then converted into liquid pig iron
