-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 DFfDdG2waUZHgF46EYoOy07r+J0qU7BH3rNOr4gQrjBKNFEgVvVzO1me2b+MpO8F
 LDuSL034XBc4UrcIFo4p/A==

<SEC-DOCUMENT>0000055604-05-000030.txt : 20050914
<SEC-HEADER>0000055604-05-000030.hdr.sgml : 20050914
<ACCEPTANCE-DATETIME>20050914162748
ACCESSION NUMBER:		0000055604-05-000030
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050831
FILED AS OF DATE:		20050914
DATE AS OF CHANGE:		20050914

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KEYSTONE CONSOLIDATED INDUSTRIES INC
		CENTRAL INDEX KEY:			0000055604
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES  ROLLING MILLS (COKE OVENS) [3312]
		IRS NUMBER:				370364250
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		5430 LBJ FWY STE 1740
		STREET 2:		THREE LINCOLN CENTRE
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240
		BUSINESS PHONE:		2144580028

	MAIL ADDRESS:	
		STREET 1:		5430 LBJ FWY STE 1740
		STREET 2:		THREE LINCOLN CENTRE
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KEYSTONE STEEL & WIRE CO
		DATE OF NAME CHANGE:	19710506

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BASS PAUL M JR
		CENTRAL INDEX KEY:			0001168318

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03919
		FILM NUMBER:		051084664

	BUSINESS ADDRESS:	
		STREET 1:		1700 PACIFIC AVE
		STREET 2:		SUITE 500
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201-4652
		BUSINESS PHONE:		2149534116
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>pmb50913_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-08-31</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000055604</issuerCik>
        <issuerName>KEYSTONE CONSOLIDATED INDUSTRIES INC</issuerName>
        <issuerTradingSymbol>KESNQ.OB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001168318</rptOwnerCik>
            <rptOwnerName>BASS PAUL M JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1700 PACIFIC AVE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 500</rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75201-4652</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common stock $1.00 par value</value>
            </securityTitle>
            <transactionDate>
                <value>2005-08-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>7000</value>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">At 5:30 p.m., central daylight time, on August 31, 2005 (the &quot;Effective Time&quot;), Keystone Consolidated Industries, Inc.
(&quot;Keystone&quot;) emerged from Chapter 11 bankruptcy proceedings. Keystone had previously received confirmation of the related
Third Amended Joint Reorganization Plan (the &quot;Reorganization Plan&quot;) from the U.S. Bankruptcy Court for the Eastern District
of Wisconsin in Milwaukee at a confirmation hearing held on August 10, 2005.

Effective August 31, 2005 and pursuant to the Reorganization Plan, all shares of Keystone's common stock, par value $1.00 per
share, and series A 10% cumulative convertible paid-in-kind preferred stock, no par value per share, outstanding prior to the
Effective Time were cancelled.</footnote>
        <footnote id="F2">In prior Forms 4 filed by the reporting person, 2,000 of these shares held in the reporting person's IRA were incorrectly
reported as shares held in discretionary accounts by First Southwest Company over which the reporting person held voting and
dispositive authority.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>A. Andrew R. Louis, Attorney-in-fact, for Paul M. Bass</signatureName>
        <signatureDate>2005-09-14</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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