10-Q/A

                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549
        FORM 10-Q/A   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                                    FORM 10-Q/A


For the period ended                      March 31, 1996                        
                                                     

Commission file number                         1-3940 
                                                        

                            National-Standard Company
             (Exact name of registrant as specified in its charter)

                     Indiana                           38-1493458        
      State or other jurisdiction of           (IRS Employer Identification No.)
   incorporation or organization)
                                                                             
      1618 Terminal Road, Niles, Michigan                  49120
  (Address of principal executive offices)              (Zip Code)

                                 (616) 683-8100
              (Registrant's telephone number, including area code)



Indicate by check mark whether 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 (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
                                                         [X] Yes  [  ] No



Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

        Title of Each Class            Shares Outstanding at May 1, 1996
   Common Stock, $ .01 par value                   5,333,772

                                   SIGNATURES

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 thereunto duly authorized.

                                   NATIONAL-STANDARD COMPANY                
                                   Registrant



Date     August 8, 1996            /s/ M. B. Savitske 
                                   M. B. Savitske
                                   President and Chief Executive Officer


Date     August 8, 1996            /s/ W. D. Grafer
                                   W. D. Grafer
                                   Vice President, Finance

EX-27

 

<ARTICLE> 5
<LEGEND>
This schedule contains second quarter summary financial information extracted
from National-Standard Company 1996 second quarter Form 10-Q and is qualified in
its entirety by reference to such Form 10-Q filing.

<MULTIPLIER> 1,000
       
                                        
<PERIOD-TYPE>                              6-MOS
<FISCAL-YEAR-END>                          SEP-30-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                             718
<SECURITIES>                                         0
<RECEIVABLES>                                   26,097
<ALLOWANCES>                                       420
<INVENTORY>                                     30,013
<CURRENT-ASSETS>                                60,380
<PP&E>                                         149,246
<DEPRECIATION>                                 104,409
<TOTAL-ASSETS>                                 117,812
<CURRENT-LIABILITIES>                           66,876
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        27,688
<OTHER-SE>                                    (43,531)
<TOTAL-LIABILITY-AND-EQUITY>                   117,812
<SALES>                                        126,547
<TOTAL-REVENUES>                               126,547
<CGS>                                          110,444
<TOTAL-COSTS>                                  110,444
<OTHER-EXPENSES>                               (3,714)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               2,608
<INCOME-PRETAX>                                  6,125
<INCOME-TAX>                                       271
<INCOME-CONTINUING>                              5,854
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     5,854
<EPS-PRIMARY>                                     1.09
<EPS-DILUTED>                                     1.09