10-K405/A

             UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                           Washington, D. C.  20549
                                  AMENDMENT TO
                                    FORM 10-K

   
 X   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended     December 31, 1994   
                                      OR
   
     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934
For the transition period from                    to              
   
Commission file number    0-3855   

                           Laclede Steel Company  
            (Exact name of Registrant as specified in its charter)

              Delaware                       43-0368310         
(State or other jurisdiction of              (I.R.S. Employer
 incorporation or organization)              Identification No.)

     One Metropolitan Square
     211 North Broadway
     St. Louis, Missouri                          63102                
(Address of principal executive offices)         (Zip Code)

Registrant's telephone number, including area code  (314) 425-1400  
Securities registered pursuant to Section 12(b) of the Act:
                                                                        
    Name of each exchange on
Title of each class which registered
               None                                  None           

Securities registered pursuant to Section 12(g) of the Act:

                       $13.33 par value, Common Stock               
                               (Title of class)

     Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months and (2) has been
subject to such filing requirements for the past 90 days.  Yes   X   
No     

     Indicate by check mark if disclosure of delinquent filers pursuant
to Item 405 of Regulation S-K is not contained herein, and will not be
contained, to the best of registrant's knowledge, in definitive proxy
or information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K.  [X]

     At the date of filing of this report there were 4,056,140 shares
of $13.33 par value common stock outstanding.  At February 15, 1995 the
aggregate market value of voting stock held by non-affiliates of the
Registrant was approximately $24,518,000.

                     Documents Incorporated by Reference     

     Definitive Proxy Statement for the 1995 Annual Meeting of
Stockholders is incorporated herein by reference in Part III.


                                SIGNATURES

                   Pursuant to the requirements of Section 13 or
15(d) of the Securities Exchange Act of 1934, the Registrant has
duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.

    March 7, 1995                      /s/ John B. McKinney       
         Date                              John B. McKinney
                                               President
                                     Principal Executive Officer
                                               Director


    March 7, 1995                      /s/ Michael H. Lane        
         Date                              Michael H. Lane 
                                       Vice President-Finance
                                       Treasurer and Secretary
                                      (Principal Financial and
                                         Accounting Officer)

                   Pursuant to the requirements of the
Securities Exchange Act of 1934, this amendment has been signed
below by the following persons on behalf of the Registrant and in
the capacities and on the dates includes.


    March 15, 1995                     /s/ Donald F. Gunning      
         Date                              Donald F. Gunning
                                               Director

    March 15, 1995                     /s/ A. William Hager       
         Date                              A. William Hager 
                                               Director

    March 15, 1995                     /s/ E. Lawrence Keyes, Jr. 
         Date                              E. Lawrence Keyes, Jr.
                                               Director

    March 15, 1995                     /s/ Robert H. Quenon       
         Date                              Robert H. Quenon 
                                                Director

    March 15, 1995                     /s/ Lawrence K. Roos       
         Date                              Lawrence K. Roos 
                                               Director

    March 15, 1995                     /s/ Edwin J. Spiegel, Jr.  
         Date                              Edwin J. Spiegel, Jr. 
                                               Director

    March 21, 1995                     /s/ Lester Varn, Jr.       
         Date                              Lester Varn, Jr. 
                                                Director

    March 16, 1995                     /s/ George H. Walker III   
         Date                              George H. Walker III
                                                Director


         (3)   Exhibits

               The following is an index of the exhibits included

in this Report or incorporated herein by reference.

        (27) Financial Data Schedule (Amended)

EX-27

 

<ARTICLE>                               5
<MULTIPLIER>                        1,000
<FISCAL-YEAR-END>             DEC-31-1994
<PERIOD-START>                JAN-1-1994
<PERIOD-END>                  DEC-30-1994
<PERIOD-TYPE>                 YEAR
<CASH>                                159
<SECURITIES>                            0
<RECEIVABLES>                      48,222
<ALLOWANCES>                        2,635
<INVENTORY>                       102,466
<CURRENT-ASSETS>                  149,960
<PP&E>                            256,237
<DEPRECIATION>                    129,475
<TOTAL-ASSETS>                    343,251
<CURRENT-LIABILITIES>              61,054
<BONDS>                           100,801
<PREFERRED-MANDATORY>                   0
<PREFERRED>                             0
<COMMON>                           54,081
<OTHER-SE>                           (338)
<TOTAL-LIABILITY-AND-EQUITY>      343,251
<SALES>                           341,289
<TOTAL-REVENUES>                  341,289
<CGS>                             306,351
<TOTAL-COSTS>                     313,976
<OTHER-EXPENSES>                   14,039
<LOSS-PROVISION>                      300
<INTEREST-EXPENSE>                  6,940
<INCOME-PRETAX>                     7,437
<INCOME-TAX>                        2,975
<INCOME-CONTINUING>                 4,462
<DISCONTINUED>                          0
<EXTRAORDINARY>                         0
<CHANGES>                               0
<NET-INCOME>                        4,462
<EPS-PRIMARY>                        1.10
<EPS-DILUTED>                        1.10