Steel Dynamics, Inc. has promoted Richard J. Brady, 39, to the position of Vice President of Ferrous Resources, effective January 1, 2006.

Brady, who has served SDI since June 2004 as Manager of Ferrous Resources and Logistics, will continue to report to the President of Steel Dynamics. In his new position, he will continue to hold responsibility for company-wide procurement of ferrous resources, including transportation and rail-car leasing activities.

"Since joining SDI in 2004 to establish and lead a new in-house steel scrap purchasing operation, Rich has had a very positive impact on the company's procurement of ferrous resources and has been effective in controlling these resource costs," said Keith Busse, President and CEO of Steel Dynamics. "He has been instrumental in expanding our sourcing of steel scrap and pig iron, gaining greater transparency in pricing of ferrous resources, and has improved the flow of raw materials through more effective management of transportation."

Prior to joining Steel Dynamics, Brady was employed as District Manager by the David J. Joseph Co. in ferrous trading operations in Chicago, Ill., and Birmingham, Ala. He is a graduate of the University of Missouri College of Business and a former U.S. Army National Guard officer.

Founded in 1993, Steel Dynamics operates three steelmaking minimills which produce a wide range of steel products, including hot-rolled, cold-rolled and coated steels; wide-flange beams and H-piling; rail; and special-bar-quality round bars. The company also produces joist and decking products for the non-residential construction markets in two fabrication facilities.