SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549



                                    FORM 8-K



                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934



Date of Report:  August 14, 2003




                     KEYSTONE CONSOLIDATED INDUSTRIES, INC.
             (Exact name of Registrant as specified in its charter)



    Delaware     1-3919                              37-0364250
------------------------                            ------------
(State or other(Commission                          (IRS Employer
 jurisdiction ofFile Number)                       Identification
  incorporation)                                        No.)



5430 LBJ Freeway, Suite 1740, Dallas, TX                     75240-2697
(Address of principal executive offices)                     (Zip Code)



Registrant's telephone number, including area code: (972) 458-0028
                                                    --------------





<PAGE>


Item 5: Other Events

     During 2003,  the  Registrant  expanded the  composition  of its reportable
segments.  The information below provides disclosure of segment information with
respect to each year in the three-year period ended December 31, 2002.

     Keystone's  operating  segments are defined as components  of  consolidated
operations  about which  separate  financial  information  is available  that is
regularly  evaluated by the chief operating decision maker in determining how to
allocate resources and in assessing  performance.  The Company's chief operating
decision maker is Mr. David L. Cheek,  President and Chief Executive  Officer of
Keystone.  Each  operating  segment is separately  managed,  and each  operating
segment represents a strategic business unit offering different products.

     The  Company's  operating  segments are organized  along its  manufacturing
facilities and include three  reportable  segments:  (i) Keystone Steel and Wire
("KSW")  which  manufacturers  and sells wire rod,  wire and wire  products  for
agricultural,   industrial,   construction,   commercial,   original   equipment
manufacturers and retail consumer markets, (ii) Engineered Wire Products ("EWP")
which  manufactures  and sells welded wire  reinforcement in both roll and sheet
form that is utilized in concrete construction products including pipe, pre-cast
boxes and  applications  for use in roadways,  buildings and bridges,  and (iii)
Garden  Zone  distributes  wire,  plastic  and wood lawn and garden  products to
retailers.  Keystone  owns 51% of Garden  Zone.  Keystone  also  operates  three
businesses that do not constitute reportable business segments. These businesses
sell  wire  and  wire  products  for  agricultural,   industrial,  construction,
commercial,  original  manufacturers and retail consumer markets. The results of
operations of these businesses are aggregated and included under the "All Other"
heading in the following tables.

     Keystone is also engaged in a scrap recycling joint venture through its 50%
interest in Alter Recycling Company,  L.L.C.  ("ARC"), an unconsolidated  equity
affiliate.

     KSW's  products  and  EWP's  products  are  distributed  primarily  in  the
Midwestern,  Southwestern and Southeastern United States. Garden Zone's products
are distributed primarily in the Southeastern United States.

     In January 2001,  Keystone's  wholly-owned  subsidiary,  Fox Valley Steel &
Wire  ("Fox  Valley")  sold its  business  which  was  located  in  Hortonville,
Wisconsin.  The Company did not record any significant  gain or loss as a result
of the  sale.  Fox  Valley  manufactured  industrial  wire and  fabricated  wire
products  (primarily  ladder rods and nails).  Fox  Valley's  revenues,  in 2000
amounted to $10.3 million.  During 2000 Fox Valley recorded an operating loss of
$686,000.

Business Segment             Principal entities             Location

Keystone Steel & Wire        Keystone Steel & Wire          Peoria, Illinois

Engineered Wire Products     Engineered Wire Products       Upper Sandusky, Ohio

Garden Zone                  Garden Zone (1)                Charleston, South
                                                             Carolina

All other                    Sherman Wire                   Sherman, Texas
                             Sherman Wire
                              of Caldwell, Inc.             Caldwell, Texas
                             Keystone Fasteners             Springdale, Arkansas

(1) 51.0% subsidiary.



<PAGE>


     Keystone  evaluates segment  performance based on segment operating income,
which is defined as income before income taxes and interest  expense,  exclusive
of  certain  non-recurring  items  (such as gains or  losses on  disposition  of
business units or sale of fixed assets) and certain general corporate income and
expense items  (including  interest  income) which are not  attributable  to the
operations of the reportable operating segments.

     The accounting  policies of the segments are the same as those described in
the summary of significant  accounting  policies except that (i) defined benefit
pension  expense for each  segment is  recognized  and  measured on the basis of
estimated  current  service  cost of each  segment,  with the  remainder  of the
Company's net defined  benefit  pension  expense or credit not allocated to each
segment but still  reported as part of  operating  profit or loss,  (ii) segment
OPEB  expense is  recognized  and measured  based on the basis of the  estimated
expense of each segment with the remainder of the Company's  actual OPEB expense
not allocated to each segment but still reported as part of operating  profit or
loss,  (iii)  elimination  of  intercompany  profit or loss on ending  inventory
balances  is not  allocated  to each  segment  but still is  reported as part of
operating  profit  or loss,  (iv) LIFO  inventory  reserve  adjustments  are not
allocated to each  segment but still is reported as part of operating  profit or
loss,  and (v)  amortization  of goodwill and negative  goodwill are included in
general  corporate  expenses  and are not  allocated  to any segment and are not
included in total reporting operating profit or loss. General corporate expenses
also includes OPEB and  environmental  expenses relative to facilities no longer
owned  by the  Company.  Intercompany  sales  between  reportable  segments  are
generally  recorded  at prices that  approximate  market  prices to  third-party
customers.

     Segment assets are comprised of all assets  attributable to each reportable
operating  segment.  Corporate  assets consist  principally  of pension  related
assets,  restricted  investments,  deferred tax assets and  corporate  property,
plant and equipment.


<PAGE>



<TABLE>
<CAPTION>
                                                                                                           GAAP
                                                                                                       Adjustments,
                                                                                                         Corporate
                                                                                                           Items
                                                                Garden        All         Segment           and
                                          KSW         EWP        Zone        Other         Total       Eliminations        Total

          Year ended December 31, 2002:

<S>                                     <C>         <C>        <C>        <C>           <C>              <C>            <C>
  Third party net sales                 $243,039    $31,247    $ 9,523    $34,171       $317,980         $   -          $317,980
  Intercompany sales                      31,839       -         1,221      9,398         42,458          (42,458)          -
                                        --------    -------    -------    -------       --------         --------       --------
                                        $274,878    $31,247    $10,744    $43,569       $360,438         $(42,458)      $317,980
                                        ========    =======    =======    =======       ========         ========       ========
  Depreciation and
   amortization                         $ 14,693    $ 1,006    $  -       $ 1,649       $ 17,345         $     51       $ 17,396
  Operating profit (loss)                 (3,921)     2,743         85     (2,971)        (4,064)            (561)        (4,625)
  Identifable segment assets             157,321     18,130      4,186     18,537        198,174           17,321        215,495
  Capital expenditures                     7,597        164        -          208          7,969                4          7,973

          Year ended December 31, 2001:

  Third party net sales                 $227,018    $32,409    $ 8,011    $41,232       $308,670         $   -          $308,670
  Intercompany sales                      32,124       -           472      8,363         40,959          (40,959)          -
                                        --------    -------    -------    =======       --------         --------       --------
                                        $259,142    $32,409    $ 8,483    $49,595       $349,629         $(40,959)      $308,670
                                        ========    =======    =======    =======       ========         ========       ========
  Depreciation and
   amortization                           15,312      1,043       -         1,815         18,170           (1,178)        16,992
  Operating profit (loss)                (12,779)     4,156        210     (2,603)       (11,016)           6,610         (4,406)
  Identifable segment assets             162,796     18,252      2,812     22,923        206,783          159,817        366,900
  Capital expenditures                     3,534        269       -            85          3,888                1          3,889

          Year ended December 31, 2000:

  Third party net sales                 $241,665    $31,909    $ 6,346    $58,401   $   $338,321         $   -          $338,321
  Intercompany sales                      32,232       -           414      8,280         40,926          (40,926)          -
                                        --------    -------    -------    -------       --------         --------       --------
                                        $273,897    $31,909    $ 6,760    $66,681       $379,247         $(40,926)      $338,321
                                        ========    =======    =======    =======       ========         ========       ========
  Depreciation and
   amortization                         $ 15,289    $ 1,067    $  -      $ 2,090    $   $ 18,446         $ (1,222)      $ 17,224
  Equity in loss of
   unconsolidated
   affiliate                                (281)      -          -       -                 (281)            -              (281)
  Operating profit (loss)                (23,989)     3,134        345     (1,964)       (22,474)           6,885        (15,589)
  Identifable segment assets             172,563     19,187      3,990     29,453        225,193          160,510        385,703
  Capital expenditures                    12,191        352       -           502         13,045                7         13,052
</TABLE>


     In the above table,  GAAP  adjustments  relate to operating  profit (loss),
corporate  items relate to  depreciation  and  amortization,  segment assets and
capital  expenditures and eliminations relate to net sales. GAAP adjustments are
principally  (i) the difference  between the defined  benefit pension expense or
credit and OPEB expense  allocated  to the  segments  and the actual  expense or
credit  included in the  determination  of  operating  profit or loss,  (ii) the
elimination  of  intercompany  profit or loss on ending  inventory  balances and
(iii) LIFO inventory reserve adjustments.



<PAGE>




<TABLE>
<CAPTION>
                                                   Years ended December 31,
                                                 2000         2001        2002
                                                 ----         ----        ----
                                                         (In thousands)

<S>                                            <C>         <C>         <C>
Operating loss .............................   $(15,589)   $ (4,406)   $ (4,625)
Equity in loss of unconsolidated affiliate .       (281)       --          --
General corporate items:
  Interest income ..........................        599         253          66
  Other income .............................        183         565          34
  General income (expenses), net ...........     (2,002)     (2,232)     (4,600)
  Gain on early extinguishment of debt .....       --          --        54,739
  Interest expense .........................    (15,346)    (14,575)     (5,569)
                                               --------    --------    --------

  Income (loss) before income taxes ........   $(32,436)   $(20,395)   $ 40,045
                                               ========    ========    ========
</TABLE>




<PAGE>


                                    SIGNATURE


     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 hereunto duly authorized.

                     Keystone Consolidated Industries, Inc.
                                  (Registrant)




                                By:  /s/ Bert E. Downing, Jr.
                                     ----------------------------
                                     Bert E. Downing, Jr.
                                     Vice President, Chief Financial
                                     Officer, Corporate Controller and
                                     Treasurer




Date:  August 14, 2003
[{"type": "8-K", "sequence": "1", "filename": "kci8k.txt", "description": "KCI FORM 8K", "secsgml_size_bytes": 14253}]
{"company-data": {"conformed-name": "KEYSTONE CONSOLIDATED INDUSTRIES INC", "cik": "0000055604", "assigned-sic": "3312", "irs-number": "370364250", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-03919", "film-number": "03848861"}, "business-address": {"street1": "5430 LBJ FWY STE 1740", "street2": "THREE LINCOLN CENTRE", "city": "DALLAS", "state": "TX", "zip": "75240", "phone": "2144580028"}, "mail-address": {"street1": "5430 LBJ FWY STE 1740", "street2": "THREE LINCOLN CENTRE", "city": "DALLAS", "state": "TX", "zip": "75240"}, "former-company": {"former-conformed-name": "KEYSTONE STEEL & WIRE CO", "date-changed": "19710506"}}
SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

Date of Report:  August 14, 2003

                     KEYSTONE CONSOLIDATED INDUSTRIES, INC.
             (Exact name of Registrant as specified in its charter)

    Delaware     1-3919                              37-0364250
------------------------                            ------------
(State or other(Commission                          (IRS Employer
 jurisdiction ofFile Number)                       Identification
  incorporation)                                        No.)

5430 LBJ Freeway, Suite 1740, Dallas, TX                     75240-2697
(Address of principal executive offices)                     (Zip Code)

Registrant's telephone number, including area code: (972) 458-0028
                                                    --------------
Item 5: Other Events

     During 2003,  the  Registrant  expanded the  composition  of its reportable
segments.  The information below provides disclosure of segment information with
respect to each year in the three-year period ended December 31, 2002.

     Keystone's  operating  segments are defined as components  of  consolidated
operations  about which  separate  financial  information  is available  that is
regularly  evaluated by the chief operating decision maker in determining how to
allocate resources and in assessing  performance.  The Company's chief operating
decision maker is Mr. David L. Cheek,  President and Chief Executive  Officer of
Keystone.  Each  operating  segment is separately  managed,  and each  operating
segment represents a strategic business unit offering different products.

     The  Company's  operating  segments are organized  along its  manufacturing
facilities and include three  reportable  segments:  (i) Keystone Steel and Wire
("KSW")  which  manufacturers  and sells wire rod,  wire and wire  products  for
agricultural,   industrial,   construction,   commercial,   original   equipment
manufacturers and retail consumer markets, (ii) Engineered Wire Products ("EWP")
which  manufactures  and sells welded wire  reinforcement in both roll and sheet
form that is utilized in concrete construction products including pipe, pre-cast
boxes and  applications  for use in roadways,  buildings and bridges,  and (iii)
Garden  Zone  distributes  wire,  plastic  and wood lawn and garden  products to
retailers.  Keystone  owns 51% of Garden  Zone.  Keystone  also  operates  three
businesses that do not constitute reportable business segments. These businesses
sell  wire  and  wire  products  for  agricultural,   industrial,  construction,
commercial,  original  manufacturers and retail consumer markets. The results of
operations of these businesses are aggregated and included under the "All Other"
heading in the following tables.

     Keystone is also engaged in a scrap recycling joint venture through its 50%
interest in Alter Recycling Company,  L.L.C.  ("ARC"), an unconsolidated  equity
affiliate.

     KSW's  products  and  EWP's  products  are  distributed  primarily  in  the
Midwestern,  Southwestern and Southeastern United States. Garden Zone's products
are distributed primarily in the Southeastern United States.

     In January 2001,  Keystone's  wholly-owned  subsidiary,  Fox Valley Steel &
Wire  ("Fox  Valley")  sold its  business  which  was  located  in  Hortonville,
Wisconsin.  The Company did not record any significant  gain or loss as a result
of the  sale.  Fox  Valley  manufactured  industrial  wire and  fabricated  wire
products  (primarily  ladder rods and nails).  Fox  Valley's  revenues,  in 2000
amounted to $10.3 million.  During 2000 Fox Valley recorded an operating loss of
$686,000.

Business Segment             Principal entities             Location

Keystone Steel & Wire        Keystone Steel & Wire          Peoria, Illinois

Engineered Wire Products     Engineered Wire Products       Upper Sandusky, Ohio

Garden Zone                  Garden Zone (1)                Charleston, South
                                                             Carolina

All other                    Sherman Wire                   Sherman, Texas
                             Sherman Wire
                              of Caldwell, Inc.             Caldwell, Texas
                             Keystone Fasteners             Springdale, Arkansas

(1) 51.0% subsidiary.
Keystone  evaluates segment  performance based on segment operating income,
which is defined as income before income taxes and interest  expense,  exclusive
of  certain  non-recurring  items  (such as gains or  losses on  disposition  of
business units or sale of fixed assets) and certain general corporate income and
expense items  (including  interest  income) which are not  attributable  to the
operations of the reportable operating segments.

     The accounting  policies of the segments are the same as those described in
the summary of significant  accounting  policies except that (i) defined benefit
pension  expense for each  segment is  recognized  and  measured on the basis of
estimated  current  service  cost of each  segment,  with the  remainder  of the
Company's net defined  benefit  pension  expense or credit not allocated to each
segment but still  reported as part of  operating  profit or loss,  (ii) segment
OPEB  expense is  recognized  and measured  based on the basis of the  estimated
expense of each segment with the remainder of the Company's  actual OPEB expense
not allocated to each segment but still reported as part of operating  profit or
loss,  (iii)  elimination  of  intercompany  profit or loss on ending  inventory
balances  is not  allocated  to each  segment  but still is  reported as part of
operating  profit  or loss,  (iv) LIFO  inventory  reserve  adjustments  are not
allocated to each  segment but still is reported as part of operating  profit or
loss,  and (v)  amortization  of goodwill and negative  goodwill are included in
general  corporate  expenses  and are not  allocated  to any segment and are not
included in total reporting operating profit or loss. General corporate expenses
also includes OPEB and  environmental  expenses relative to facilities no longer
owned  by the  Company.  Intercompany  sales  between  reportable  segments  are
generally  recorded  at prices that  approximate  market  prices to  third-party
customers.

     Segment assets are comprised of all assets  attributable to each reportable
operating  segment.  Corporate  assets consist  principally  of pension  related
assets,  restricted  investments,  deferred tax assets and  corporate  property,
plant and equipment.
GAAP
                                                                                                       Adjustments,
                                                                                                         Corporate
                                                                                                           Items
                                                                Garden        All         Segment           and
                                          KSW         EWP        Zone        Other         Total       Eliminations        Total

          Year ended December 31, 2002:
Third party net sales                 $243,039    $31,247    $ 9,523    $34,171       $317,980         $   -          $317,980
  Intercompany sales                      31,839       -         1,221      9,398         42,458          (42,458)          -
                                        --------    -------    -------    -------       --------         --------       --------
                                        $274,878    $31,247    $10,744    $43,569       $360,438         $(42,458)      $317,980
                                        ========    =======    =======    =======       ========         ========       ========
  Depreciation and
   amortization                         $ 14,693    $ 1,006    $  -       $ 1,649       $ 17,345         $     51       $ 17,396
  Operating profit (loss)                 (3,921)     2,743         85     (2,971)        (4,064)            (561)        (4,625)
  Identifable segment assets             157,321     18,130      4,186     18,537        198,174           17,321        215,495
  Capital expenditures                     7,597        164        -          208          7,969                4          7,973

          Year ended December 31, 2001:

  Third party net sales                 $227,018    $32,409    $ 8,011    $41,232       $308,670         $   -          $308,670
  Intercompany sales                      32,124       -           472      8,363         40,959          (40,959)          -
                                        --------    -------    -------    =======       --------         --------       --------
                                        $259,142    $32,409    $ 8,483    $49,595       $349,629         $(40,959)      $308,670
                                        ========    =======    =======    =======       ========         ========       ========
  Depreciation and
   amortization                           15,312      1,043       -         1,815         18,170           (1,178)        16,992
  Operating profit (loss)                (12,779)     4,156        210     (2,603)       (11,016)           6,610         (4,406)
  Identifable segment assets             162,796     18,252      2,812     22,923        206,783          159,817        366,900
  Capital expenditures                     3,534        269       -            85          3,888                1          3,889

          Year ended December 31, 2000:

  Third party net sales                 $241,665    $31,909    $ 6,346    $58,401   $   $338,321         $   -          $338,321
  Intercompany sales                      32,232       -           414      8,280         40,926          (40,926)          -
                                        --------    -------    -------    -------       --------         --------       --------
                                        $273,897    $31,909    $ 6,760    $66,681       $379,247         $(40,926)      $338,321
                                        ========    =======    =======    =======       ========         ========       ========
  Depreciation and
   amortization                         $ 15,289    $ 1,067    $  -      $ 2,090    $   $ 18,446         $ (1,222)      $ 17,224
  Equity in loss of
   unconsolidated
   affiliate                                (281)      -          -       -                 (281)            -              (281)
  Operating profit (loss)                (23,989)     3,134        345     (1,964)       (22,474)           6,885        (15,589)
  Identifable segment assets             172,563     19,187      3,990     29,453        225,193          160,510        385,703
  Capital expenditures                    12,191        352       -           502         13,045                7         13,052
In the above table,  GAAP  adjustments  relate to operating  profit (loss),
corporate  items relate to  depreciation  and  amortization,  segment assets and
capital  expenditures and eliminations relate to net sales. GAAP adjustments are
principally  (i) the difference  between the defined  benefit pension expense or
credit and OPEB expense  allocated  to the  segments  and the actual  expense or
credit  included in the  determination  of  operating  profit or loss,  (ii) the
elimination  of  intercompany  profit or loss on ending  inventory  balances and
(iii) LIFO inventory reserve adjustments.
Years ended December 31,
                                                 2000         2001        2002
                                                 ----         ----        ----
                                                         (In thousands)
Operating loss .............................   $(15,589)   $ (4,406)   $ (4,625)
Equity in loss of unconsolidated affiliate .       (281)       --          --
General corporate items:
  Interest income ..........................        599         253          66
  Other income .............................        183         565          34
  General income (expenses), net ...........     (2,002)     (2,232)     (4,600)
  Gain on early extinguishment of debt .....       --          --        54,739
  Interest expense .........................    (15,346)    (14,575)     (5,569)
                                               --------    --------    --------

  Income (loss) before income taxes ........   $(32,436)   $(20,395)   $ 40,045
                                               ========    ========    ========
SIGNATURE

     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 hereunto duly authorized.

                     Keystone Consolidated Industries, Inc.
                                  (Registrant)

                                By:  /s/ Bert E. Downing, Jr.
                                     ----------------------------
                                     Bert E. Downing, Jr.
                                     Vice President, Chief Financial
                                     Officer, Corporate Controller and
                                     Treasurer

Date:  August 14, 2003