8-K

                                  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): September 1, 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 7.01:     Regulation FD Disclosure

     The  registrant  hereby  furnishes the  information  set forth in the press
release  issued on  September  1, 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 September 1, 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:  September 9, 2005




                                INDEX TO EXHIBITS


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

99.1           Press release dated September 1, 2005 issued by Keystone
               Consolidated Industries, Inc.

EX-99.1

                                                              Exhibit No. 99.1

   KEYSTONE CONSOLIDATED INDUSTRIES, INC.                      [LOGO OMITTED]
================================================================================
                                  PRESS RELEASE
================================================================================

FOR IMMEDIATE RELEASE                                  CONTACT:

Keystone Consolidated Industries, Inc.                 Bert E. Downing, Jr.
5430 LBJ Freeway, Suite 1740                           Vice President - Chief
Dallas, Texas 75240-2697                               Financial Officer
(972) 458-0028                                         (972) 458-0028

     KEYSTONE EMERGES FROM CHAPTER 11 BANKRUPTCY PROCEEDINGS

     DALLAS,  TEXAS  .  .  .  September  1,  2005.  .  .  Keystone  Consolidated
Industries,   Inc.   announced  that  it  emerged  from  Chapter  11  bankruptcy
proceedings on August 31, 2005. Keystone previously received confirmation of its
Third Amended Joint Plan of  Reorganization  from the U.S.  Bankruptcy Court for
the Eastern District of Wisconsin in Milwaukee at a confirmation hearing held on
August 10, 2005.

     Keystone  believes it is one of the few steel  companies that has been able
to successfully  reorganize and remain an independent  company.  David L. Cheek,
President and Chief Executive Officer of Keystone said: "This  restructuring has
been a success by any measure thanks to the cooperation and continued commitment
and support of our employees,  retirees and creditors, as well as the support of
our loyal customer base. The success of our  restructuring  has allowed Keystone
to emerge with  improved  cost  structure,  liquidity,  financial  condition and
competitive  position  with other steel and wire  product  manufacturers  - both
domestic and foreign.  Our customers can be assured of the continued delivery of
quality and service that RED BRAND has exemplified".

     Significant  provisions of the Company's  Plan of  Reorganization  include,
among other things:

     o Assumption  of the  previously  negotiated  amendment  to the  collective
       bargaining  agreement with the  Independent  Steel Workers  Alliance (the
       "ISWA"), Keystone's largest labor union;
     o Assumption of the previously  negotiated  agreements reached with certain
       retiree  groups  that  will  provide   relief  by  permanently   reducing
       healthcare  related  payments to these retiree  groups from  pre-petition
       levels;
     o The Company's  obligations due to pre-petition secured lenders other than
       its DIP lenders were reinstated in full against reorganized Keystone;
     o All shares of Keystone's  common and preferred  stock  outstanding at the
       petition date (February 26, 2004) were cancelled;
     o Pre-petition  unsecured  creditors with allowed  claims against  Keystone
       will  receive,  on a pro rata basis,  in the  aggregate,  $5.2 million in
       cash, a $4.8 million  secured  promissory  note and 49% of the new common
       stock of reorganized Keystone;
     o Certain operating assets and existing  operations of Sherman Wire Company
       ("Sherman   Wire"),   one   of   Keystone's   pre-petition   wholly-owned
       subsidiaries,  will be sold at fair market value to Keystone,  which will
       then be used to form and operate a newly created wholly-owned  subsidiary
       of reorganized Keystone named Keystone Wire Products Inc.;
     o Sherman Wire was also reorganized and the proceeds of the operating asset
       sale to  Keystone  and other  funds  will be  distributed,  on a pro rata
       basis, to Sherman Wire's pre-petition unsecured creditors;
     o Sherman Wire's pre-petition wholly-owned non-operating subsidiaries, J.L.
       Prescott Company,  and DeSoto Environmental  Management,  Inc. as well as
       Sherman Wire of Caldwell,  Inc., a  wholly-owned  subsidiary of Keystone,
       will ultimately be liquidated and the  pre-petition  unsecured  creditors
       with allowed  claims  against these  entities will receive their pro-rata
       share of the respective entity's net liquidation proceeds;
     o Pre-petition  unsecured  creditors with allowed claims against FV Steel &
       Wire Company, another one of Keystone's wholly-owned  subsidiaries,  will
       receive cash in an amount equal to their allowed claims;
     o One of Keystone's  Debtor-In-Possession  lenders, EWP Financial,  LLC (an
       affiliate  of  Contran   Corporation   ("Contran"),   Keystone's  largest
       pre-petition   shareholder)  converted  $5  million  of  its  DIP  credit
       facility,  certain of its  pre-petition  unsecured  claims and all of its
       administrative  claims against  Keystone into 51% of the new common stock
       of reorganized Keystone; and
     o The Board of  Directors  of  reorganized  Keystone  now consists of seven
       individuals,  two  each of  which  were  designated  by  Contran  and the
       Official Committee of Unsecured Creditors (the "OCUC"), respectively. The
       remaining  three directors  qualify as independent  directors (two of the
       independent  directors  were appointed by Contran with the OCUC's consent
       and one was appointed by the OCUC with Contran's consent).

     In addition,  Keystone has obtained an $80 million  secured credit facility
from Wachovia Capital Finance (Central). Proceeds from this credit facility will
be used to extinguish Keystone's existing debtor-in-possession credit facilities
and to provide working capital for reorganized Keystone.

     As noted before,  Keystone has been  providing an  uninterrupted  supply of
quality  steel  and  wire  products  to its  customers  for over  100  years,  a
commitment the Company maintained throughout the bankruptcy process.  Keystone's
successful  restructuring and emergence from Chapter 11 means that its customers
can continue to count on Keystone for their current and expanding steel and wire
product needs.  Keystone looks forward to serving its customers for the next 100
years and beyond.

     As  provided  by the  safe  harbor  provisions  of the  Private  Securities
Litigation  Reform Act of 1995,  Keystone cautions that statements in this press
release  relating to matters that are not historical  facts are  forward-looking
statements  that  represent   management's  beliefs  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,"  "expected,"  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  discussed  in this  press  release  and those
described  from  time to time in the  Keystone's  other  filings  with  the U.S.
Securities and Exchange Commission including, but not limited to:

     o Future supply and demand for Keystone's products  (including  cyclicality
       thereof),
     o Customer inventory levels,
     o Changes in raw material and other  operating costs (such as ferrous scrap
       and energy),
     o General economic conditions,
     o Competitive products and substitute products,
     o Changes in customer and competitor strategies,
     o The impact of pricing and production decisions,
     o The possibility of labor disruptions,
     o Environmental  matters (such as those  regulating  emission and discharge
       standards for existing and new facilities),
     o Government regulations and possible changes therein,
     o Significant  increases  in the  cost of  providing  medical  coverage  to
       employees and retirees,
     o The ultimate resolution of pending litigation,
     o International  trade  policies of the United  States and certain  foreign
       countries,
     o Any possible future litigation, and
     o Other risks and uncertainties as discussed in this press release.

     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. is headquartered in Dallas, Texas.
The  company is a leading  manufacturer  and  distributor  of  fencing  and wire
products,  wire rod,  industrial wire,  nails and construction  products for the
agricultural,  industrial,  construction,  original  equipment  markets  and the
retail consumer.  Up to date information  concerning the bankruptcy case, copies
of Bankruptcy  Court filings and orders  issued by the  Bankruptcy  Court may be
found at http://www.kccllc.com .


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