2nd Amendment To Unsecured Credit Agreement

Exhibit 10.1c(2)


SECOND AMENDMENT TO CREDIT AGREEMENT


THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this "Amendment"), dated as of July 20, 2001, by and among STEEL DYNAMICS, INC., an Indiana corporation (the "Borrower"), the lenders listed on the signature pages hereof and MELLON BANK, N.A., a national banking association, as agent for the Lenders under the Credit Agreement referred to below (the "Agent").


RECITALS:


WHEREAS the Borrower, certain lenders, the Agent, and certain Arrangers entered into a Credit Agreement, dated as of May 5, 2000 (as amended as of March 15, 2001, and as modified by the Consent and Agreement dated as of July 10, 2001, the "Original Agreement"), pursuant to which the Lenders have agreed to extend credit to the Borrower;


WHEREAS, the Borrower and the Required Lenders (as defined in the Original Agreement) desire to amend the Original Agreement to make certain changes therein;


WHEREAS, capitalized terms not otherwise defined herein shall have the meanings assigned thereto in the Original Agreement.


NOW, THEREFORE, the parties hereto, in consideration of their mutual covenants and agreements hereinafter set forth and intending to be legally bound hereby agree as follows:


Section 1. Amendments.


(a) Section 6.04(g) of the Original Agreement is hereby amended by deleting the figure "$8,250,000" appearing therein ...