UNITED STATES
                       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 (Date of earliest event reported): March 29, 2005




                     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 of             File Number)                  Identification
  incorporation)                                                 No.)



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



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



             (Former name or address, if changed since last report)

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 (see General Instruction A.2):

[   ]    Written communications pursuant to Rule 425 under the Securities Act
         (17 CFR 230.425)

[   ]    Soliciting material pursuant to Rule 14a-12  under  the Exchange Act
         (17 CFR 240.14a-12)

[   ]    Pre-commencement communications pursuant to  Rule 14d-2(b) under the
         Exchange Act (17 CFR 240.14d-2(b))

[   ]    Pre-commencement communications pursuant to Rule 13e-4(c) under  the
         Exchange Act (17 CFR 240.13e-4(c))


<PAGE>

Item 1.01    Entry Into a Material Definitive Agreement

     The Registrant, debtor-in-possession,  has entered into a Lock-Up Agreement
(the "Agreement") with Contran Corporation ("Contran"), the Registrant's largest
pre-petition shareholder, EWP Financial, LLC, an affiliate of Contran and one of
the  Registrant's  Debtor-In-Possession  lenders,  certain retiree  groups,  the
Independent Steel Workers Alliance (the "ISWA"),  the Registrant's largest labor
union,  the Official  Committee of Unsecured  Creditors of the  Registrant  (the
"Committee") and certain individual members of the Committee (collectively,  the
"Parties") with respect to terms and conditions of a proposed consensual plan of
reorganization  for the Registrant and its direct and indirect Debtor  operating
subsidiaries (the "Consensual Plan").

     The Agreement  provides the Registrant will,  among other things,  finalize
the Consensual Plan with the input of the other Parties to incorporate terms and
conditions in the Agreement and file such Consensual Plan with the United States
Bankruptcy Court for the Eastern District of Wisconsin (the "Bankruptcy  Court")
for its approval for  solicitation of a vote to consummate the Consensual  Plan.
The  negotiated  Consensual  Plan will,  among  other  things,  incorporate  the
following provisions:

     o    Certain  provisions  of  the  previously   negotiated  and  Bankruptcy
          Court-approved  amendment to the collective  bargaining agreement with
          the ISWA;
     o    Specific provisions of the previously  negotiated  agreement regarding
          healthcare related payments to certain retiree groups;
     o    Payments  to   unsecured   creditors   of  the   Registrant   and  its
          subsidiaries;
     o    Conversion of certain  pre-petition  secured and  unsecured  claims to
          equity in the reorganized Registrant;
     o    Administrative  services  to continue to be provided by Contran to the
          reorganized Registrant under a new Intercorporate Services Agreement;
     o    Formation of a Creditor Trust; and
     o    Issuance of new common stock of the  Registrant  to holders of certain
          secured  claims  and  to  all  holders  of  unsecured  claims  of  the
          Registrant and its Debtor subsidiaries.

     The Agreement also provides for a process to evaluate an  alternative  plan
of reorganization for the Registrant.  The Agreement remains subject to approval
of the Bankruptcy Court.

     Up to date information  concerning  Keystone's  bankruptcy case,  copies of
Bankruptcy  Court  filings,  including  the  Registrant's  motion to approve the
Agreement,  and orders issued by the Bankruptcy Court related to the case may be
found at http://www.kccllc.com .

<PAGE>

Item 7.01    Regulation FD Disclosure

     The  Registrant  hereby  furnishes the  information  set forth in the press
release issued on March 29, 2005, a copy of which is attached  hereto as Exhibit
99.1 and incorporated herein by reference.

     The information,  including the Exhibit,  the Registrant  furnishes in this
report is not deemed  "filed"  for  purposes  of  Section  18 of the  Securities
Exchange Act of 1934, as amended,  or otherwise  subject to the  liabilities  of
that  section.  Registration  statements  or  other  documents  filed  with  the
Securities and Exchange  Commission  shall not incorporate  this  information by
reference, except as otherwise expressly stated in such filing.

Item 9.01    Financial Statements and Exhibits.

(c) Exhibits.

     Item No.       Exhibit Index
    ----------      -----------------------------------------------------------
       99.1         Press Release dated March 29, 2005 issued by the Registrant

<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:  April 1, 2005


<PAGE>


                                INDEX TO EXHIBITS


Exhibit No.       Description
-----------       ------------------------------------------------------------
99.1              Press Release dated March 29, 2005 issued by the Registrant.
[{"type": "8-K", "sequence": "1", "filename": "key8k040105.txt", "description": "FORM 8-K", "secsgml_size_bytes": 6554}]
{"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": "05723142"}, "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"}}
UNITED STATES
                       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 (Date of earliest event reported): March 29, 2005

                     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 of             File Number)                  Identification
  incorporation)                                                 No.)

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

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

             (Former name or address, if changed since last report)

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 (see General Instruction A.2):

[   ]    Written communications pursuant to Rule 425 under the Securities Act
         (17 CFR 230.425)

[   ]    Soliciting material pursuant to Rule 14a-12  under  the Exchange Act
         (17 CFR 240.14a-12)

[   ]    Pre-commencement communications pursuant to  Rule 14d-2(b) under the
         Exchange Act (17 CFR 240.14d-2(b))

[   ]    Pre-commencement communications pursuant to Rule 13e-4(c) under  the
         Exchange Act (17 CFR 240.13e-4(c))
Item 1.01    Entry Into a Material Definitive Agreement

     The Registrant, debtor-in-possession,  has entered into a Lock-Up Agreement
(the "Agreement") with Contran Corporation ("Contran"), the Registrant's largest
pre-petition shareholder, EWP Financial, LLC, an affiliate of Contran and one of
the  Registrant's  Debtor-In-Possession  lenders,  certain retiree  groups,  the
Independent Steel Workers Alliance (the "ISWA"),  the Registrant's largest labor
union,  the Official  Committee of Unsecured  Creditors of the  Registrant  (the
"Committee") and certain individual members of the Committee (collectively,  the
"Parties") with respect to terms and conditions of a proposed consensual plan of
reorganization  for the Registrant and its direct and indirect Debtor  operating
subsidiaries (the "Consensual Plan").

     The Agreement  provides the Registrant will,  among other things,  finalize
the Consensual Plan with the input of the other Parties to incorporate terms and
conditions in the Agreement and file such Consensual Plan with the United States
Bankruptcy Court for the Eastern District of Wisconsin (the "Bankruptcy  Court")
for its approval for  solicitation of a vote to consummate the Consensual  Plan.
The  negotiated  Consensual  Plan will,  among  other  things,  incorporate  the
following provisions:

     o    Certain  provisions  of  the  previously   negotiated  and  Bankruptcy
          Court-approved  amendment to the collective  bargaining agreement with
          the ISWA;
     o    Specific provisions of the previously  negotiated  agreement regarding
          healthcare related payments to certain retiree groups;
     o    Payments  to   unsecured   creditors   of  the   Registrant   and  its
          subsidiaries;
     o    Conversion of certain  pre-petition  secured and  unsecured  claims to
          equity in the reorganized Registrant;
     o    Administrative  services  to continue to be provided by Contran to the
          reorganized Registrant under a new Intercorporate Services Agreement;
     o    Formation of a Creditor Trust; and
     o    Issuance of new common stock of the  Registrant  to holders of certain
          secured  claims  and  to  all  holders  of  unsecured  claims  of  the
          Registrant and its Debtor subsidiaries.

     The Agreement also provides for a process to evaluate an  alternative  plan
of reorganization for the Registrant.  The Agreement remains subject to approval
of the Bankruptcy Court.

     Up to date information  concerning  Keystone's  bankruptcy case,  copies of
Bankruptcy  Court  filings,  including  the  Registrant's  motion to approve the
Agreement,  and orders issued by the Bankruptcy Court related to the case may be
found at http://www.kccllc.com .
Item 7.01    Regulation FD Disclosure

     The  Registrant  hereby  furnishes the  information  set forth in the press
release issued on March 29, 2005, a copy of which is attached  hereto as Exhibit
99.1 and incorporated herein by reference.

     The information,  including the Exhibit,  the Registrant  furnishes in this
report is not deemed  "filed"  for  purposes  of  Section  18 of the  Securities
Exchange Act of 1934, as amended,  or otherwise  subject to the  liabilities  of
that  section.  Registration  statements  or  other  documents  filed  with  the
Securities and Exchange  Commission  shall not incorporate  this  information by
reference, except as otherwise expressly stated in such filing.

Item 9.01    Financial Statements and Exhibits.

(c) Exhibits.

     Item No.       Exhibit Index
    ----------      -----------------------------------------------------------
       99.1         Press Release dated March 29, 2005 issued by the Registrant
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:  April 1, 2005
INDEX TO EXHIBITS

Exhibit No.       Description
-----------       ------------------------------------------------------------
99.1              Press Release dated March 29, 2005 issued by the Registrant.