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): April 11, 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, a debtor-in-possession, announced on March 29, 2005 that it
had recently executed,  and is seeking in the United States Bankruptcy Court for
the Eastern  District of  Wisconsin  (the  "Bankruptcy  Court"),  approval of an
agreement (the "Agreement") with its largest pre-petition  shareholder,  Contran
Corporation ("Contran"),  one of the Registrant's  Debtor-In-Possession  lenders
and  affiliate  of Contran,  EWP  Financial  LLC, its largest  labor union,  the
Independent  Steel  Workers  Alliance,   its  Official  Committee  of  Unsecured
Creditors (the "Committee"),  certain  individual members of the Committee,  and
certain  retiree  groups   (collectively,   the  "Parties")  to  facilitate  the
Registrant's successful exit from chapter 11 bankruptcy.

     The Agreement  reached by the Parties provides,  among other things,  for a
process to maximize the  Registrant's  going-concern  value and that the Parties
would  finalize a  Contran-sponsored  plan of  reorganization  (the  "Consensual
Plan") that likely would go before the Bankruptcy  Court for confirmation in the
summer of 2005.  Additionally,  on the same timeline as the Consensual Plan, the
Agreement allows each of the Parties to evaluate, negotiate, support and express
a preference for a qualified  alternative plan of  reorganization  (a "Qualified
Alternative Plan" or "QAP") proposed by another party.

     Under the terms of the  Agreement,  the  Consensual  Plan and the Qualified
Alternative Plan process both contemplate the Registrant will exit bankruptcy in
the summer of 2005. The structured  nature of the potential dual plan process is
intended to achieve a controlled,  efficient and successful exit from bankruptcy
as well as to ensure the  Registrant  exits from  bankruptcy as soon as possible
while  maximizing the value  available to its  constituents  and maintaining the
stability of the company in the future.


<PAGE>


     The Agreement  contemplates a single confirmation  process that would allow
multiple  plans,  including any  potential  QAP, to proceed on the same exit and
confirmation  timeline as the Consensual  Plan. The Parties have agreed to defer
disclosure  of the  applicable  terms of the various  plans to plan  sponsors as
required to maintain the  integrity and  value-maximizing  potential of the plan
consideration process set forth in the Agreement.

     The  Registrant's  motion for approval of the  Agreement  (including a more
detailed summary thereof) and other documents relevant to Keystone's  bankruptcy
case are available 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 April 11, 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 April 11, 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 12, 2005


<PAGE>


                                INDEX TO EXHIBITS


Exhibit No.       Description
-----------       -------------------------------------------------------------

99.1              Press Release dated April 11, 2005 issued by the Registrant.
[{"type": "8-K", "sequence": "1", "filename": "key8k2041105.txt", "description": "FORM 8-K", "secsgml_size_bytes": 6469}]
{"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": "05746337"}, "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): April 11, 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, a debtor-in-possession, announced on March 29, 2005 that it
had recently executed,  and is seeking in the United States Bankruptcy Court for
the Eastern  District of  Wisconsin  (the  "Bankruptcy  Court"),  approval of an
agreement (the "Agreement") with its largest pre-petition  shareholder,  Contran
Corporation ("Contran"),  one of the Registrant's  Debtor-In-Possession  lenders
and  affiliate  of Contran,  EWP  Financial  LLC, its largest  labor union,  the
Independent  Steel  Workers  Alliance,   its  Official  Committee  of  Unsecured
Creditors (the "Committee"),  certain  individual members of the Committee,  and
certain  retiree  groups   (collectively,   the  "Parties")  to  facilitate  the
Registrant's successful exit from chapter 11 bankruptcy.

     The Agreement  reached by the Parties provides,  among other things,  for a
process to maximize the  Registrant's  going-concern  value and that the Parties
would  finalize a  Contran-sponsored  plan of  reorganization  (the  "Consensual
Plan") that likely would go before the Bankruptcy  Court for confirmation in the
summer of 2005.  Additionally,  on the same timeline as the Consensual Plan, the
Agreement allows each of the Parties to evaluate, negotiate, support and express
a preference for a qualified  alternative plan of  reorganization  (a "Qualified
Alternative Plan" or "QAP") proposed by another party.

     Under the terms of the  Agreement,  the  Consensual  Plan and the Qualified
Alternative Plan process both contemplate the Registrant will exit bankruptcy in
the summer of 2005. The structured  nature of the potential dual plan process is
intended to achieve a controlled,  efficient and successful exit from bankruptcy
as well as to ensure the  Registrant  exits from  bankruptcy as soon as possible
while  maximizing the value  available to its  constituents  and maintaining the
stability of the company in the future.
The Agreement  contemplates a single confirmation  process that would allow
multiple  plans,  including any  potential  QAP, to proceed on the same exit and
confirmation  timeline as the Consensual  Plan. The Parties have agreed to defer
disclosure  of the  applicable  terms of the various  plans to plan  sponsors as
required to maintain the  integrity and  value-maximizing  potential of the plan
consideration process set forth in the Agreement.

     The  Registrant's  motion for approval of the  Agreement  (including a more
detailed summary thereof) and other documents relevant to Keystone's  bankruptcy
case are available 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 April 11, 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 April 11, 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 12, 2005
INDEX TO EXHIBITS

Exhibit No.       Description
-----------       -------------------------------------------------------------

99.1              Press Release dated April 11, 2005 issued by the Registrant.