UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                   FORM 12b-25
                           NOTIFICATION OF LATE FILING


                     Keystone Consolidated Industries, Inc.


                             SEC FILE NUMBER: 1-3919
                             CUSIP NUMBER: 493422109



     [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [ X] Form 10-Q [ ] Form N-SAR


                         For Period Ended: June 30, 2003


      [ ] Transition Report on Form 10-K [ ] Transition Report on Form 20-F
      [ ] Transition Report on Form 11-K [ ] Transition Report on Form 10-Q
                       [ ] Transition Report on Form N-SAR
                        For the Transition Period Ended:


    Nothing in this form shall be construed to imply that the Commission has
                   verified any information contained herein.



 If the notification relates to a portion of the filing checked above, identify
          the Item(s) to which the notification relates: Not applicable







                         PART I - REGISTRANT INFORMATION


Full Name of Registrant: Keystone Consolidated Industries, Inc. ("Keystone")

Former Name if Applicable:  Not Applicable

Address of Principal Executive Office: 5430 LBJ Freeway, Suite 1740
                                       Three Lincoln Centre
                                       Dallas, Texas  75240-2697



                        PART II - RULES 12b-25(b) AND (c)


If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed.

[X] (a)   The reasons  described in  reasonable  detail in Part III of this form
          could not be eliminated without unreasonable effort or expense;

[X] (b)   The subject annual report,  semi-annual  report,  transition report on
          Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof,  will be
          filed on or before the fifteenth calendar day following the prescribed
          due date; or the subject quarterly report or transition report on Form
          10-Q,  or  portion  thereof,  will be filed  on or  before  the  fifth
          calendar day following the prescribed due date; and

[  ] (c)  The accountant's statement or other exhibit required by Rule 12b-25(c)
          has been attached, if applicable.

                              PART III - NARRATIVE


State below in reasonable  detail the reasons why Forms 10-K,  20-F, 11-K, 10-Q,
N-SAR, or the transition  report or portion  thereof,  could not be filed within
the prescribed period:

Keystone has been unable to complete the preparation of its Quarterly  Report on
Form 10-Q for the quarter ended June 30, 2003  ("Quarterly  Report")  within the
required  time  period,   without   unreasonable  effort  or  expense,   due  to
unanticipated  delays in assembling all information  required to prepare, and be
included in, the Quarterly Report.








                           PART IV - OTHER INFORMATION


(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
notification:

Bert E.  Downing,  Jr.,  Vice  President,  Chief  Financial  Officer,  Corporate
Controller and Treasurer. 972-450-4293.


(2) Have all other  periodic  reports  required under Section 13 or 15(d) of the
Securities  Exchange Act of 1934 or Section 30 of the Investment  Company Act of
1940  during  the  preceding  12  months  or for such  shorter  period  that the
Registrant was required to file such report(s) been filed?  If the answer is no,
identify report(s).

                                 [X] Yes [ ] No


(3) Is it anticipated that any significant  change in results of operations from
the  corresponding  period for the last  fiscal  year will be  reflected  by the
earnings statements to be included in the subject report or portion thereof?

                                 [X] Yes [ ] No

If so, attach an explanation of the  anticipated  change,  both  narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.


Keystone  currently  expects to report net sales of approximately  $96.7 million
and a net loss of $6.2 million for the three months ended June 30, 2003.


As provided by the safe harbor provisions of the Private  Securities  Litigation
Reform  Act of 1995,  Keystone  cautions  that  statements  in this Form  12b-25
relating to matters that are not historical facts including, but not limited to,
statements  found in this  Part IV - "Other  Information,"  are  forward-looking
statements that represent management's belief and assumptions based on currently
available information.  Forward-looking  statements can be identified by the use
of words such as "believes", "intends", "may", "should", "could", "anticipates",
"expects", or comparable terminology, or by discussions of strategies or trends.
Although  Keystone believes the expectations  reflected in such  forward-looking
statements are reasonable, it cannot give any assurances that these expectations
will prove to be correct.  Such  statements by their nature involve  substantial
risks and uncertainties that could  significantly  impact expected results,  and
actual  future  results  could differ  materially  from those  described in such
forward-looking  statements.  While it is not  possible to identify all factors,
Keystone continues to face many risks and uncertainties.  Among the factors that
could  cause  actual  future  results  to  differ  materially  are the risks and
uncertainties  described from time to time in Keystone's  other filings with the
Securities and Exchange Commission, including, but not limited to, future supply
and demand for Keystone's products  (including  cyclicality  thereof),  customer
inventory  levels,  changes in raw material and other  operating  costs (such as
scrap  and  energy)  general  economic  conditions,   competitive  products  and
substitute products,  customer and competitor strategies,  the impact of pricing
and production  decisions,  the possibility of labor disruptions,  environmental
matters (such as those requiring  emission and discharge  standards for existing
and new facilities),  government  regulations and possible changes therein,  any
significant increases in the cost of providing medical coverage to employees and
retirees,   the   ultimate   resolution   of  pending   litigation,   successful
implementation of Keystone's  capital  improvements  plan,  international  trade
policies of the United States and certain  foreign  countries,  and any possible
future litigation and other risks and uncertainties. Should one or more of these
risks materialize,  (or the consequences of such a development worsen) or should
the  underlying  assumptions  prove  incorrect,   actual  results  could  differ
materially from those forecasted or expected.  Keystone  disclaims any intention
or obligation  to update or revise any  forward-looking  statement  whether as a
result of new information, future events or otherwise.







Keystone Consolidated Industries, Inc. has caused this notification to be signed
on its behalf by the undersigned thereunto duly authorized.




Date: August 12, 2003        KEYSTONE CONSOLIDATED INDUSTRIES, INC.



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