8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 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      October 10, 2002 (October 9, 2002)
reported)                                  -------------------------------------


                          Atchison Casting Corporation
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


           KANSAS                       1-12541                  48-1156578
- ------------------------------  -----------------------  -----------------------
(State or other jurisdiction          (Commission               (IRS Employer
      of incorporation)               File Number)           Identification No.)


       400 South Fourth Street, Atchison, Kansas                    66002
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         (Address of principal executive offices)                (Zip Code)



Registrant's telephone number, including area code:          (913) 367-2121
                                                     ---------------------------



                                 Not applicable
- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)

Item 5.      Other Events.

     On October 10, 2002, the Company issued a press release announcing that its
former auditor, Deloitte & Touche LLP, notified the Company that its report
dated September 28, 2001 on the consolidated financial statements of the Company
and its subsidiaries as of June 30, 2001 and 2000 and for each of the three
years in the period ended June 30, 2001 should no longer be relied upon or
associated with those consolidated financial statements. A copy of the press
release announcing this event is attached as Exhibit 99.1 hereto and
incorporated herein by reference.

Item 7.      Financial Statements and Exhibits.

         (c)      EXHIBITS.  The following exhibit is filed herewith:

         99.1     Press Release dated October 10, 2002.

                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Company  has  duly  caused  this  report  to be  signed  on  its  behalf  by the
undersigned hereunto duly authorized.



                                   Atchison Casting Corporation


     Date:  October 10, 2002       By:      /s/ Kevin T. McDermed
            -----------------         ------------------------------------------
                                      Kevin T. McDermed, Chief Financial Officer

EX-99.1

NEWS RELEASE
- --------------------------------------------------------------------------------
                                                      CONTACT:  Tom Armstrong or
                                                                Kevin McDermed
                                                                913 367 2121
                                                                OTCBB:AHNC:OB


                          ATCHISON CASTING CORPORATION
              ANNOUNCES DELOITTE'S WITHDRAWAL OF MOST RECENT REPORT

     Atchison, Kansas - October 10, 2002 - Atchison Casting Corporation
("ACC") (OTCBB:AHNC.OB) today announced that on October 9, 2002 its former
auditor, Deloitte & Touche LLP ("Deloitte"), notified the Company that
Deloitte's report dated September 28, 2001 on the consolidated financial
statements of ACC and its subsidiaries as of June 30, 2001 and 2000 and for each
of the three years in the period ended June 30, 2001 should no longer be relied
upon or associated with those consolidated financial statements. Deloitte had
issued an unqualified opinion in connection with its audit of ACC's financial
statements for such years, except for a going concern modification related to
fiscal year 2001.

     Deloitte indicated that such report was being withdrawn because information
had come to its attention which, had it been known to Deloitte at the date of
the report, would have affected Deloitte's report.

     As previously announced, ACC dismissed Deloitte as its auditor on April 16,
2002. On July 26, 2002, ACC filed a complaint against Deloitte in Philadelphia
County, Pennsylvania for negligence, professional malpractice, negligent
misrepresentation and breach of contract. ACC believes that Deloitte breached
its duties to perform audit and consulting services by failing to act with
reasonable and ordinary care, with the ordinary skill and diligence of the
accounting profession, and in conformity with professional standards such as
Generally Accepted Auditing Standards and Generally Accepted Accounting
Principles. Deloitte filed a counterclaim against ACC on September 13, 2002
alleging that ACC was aware of information related to improper activities of
certain employees in Pennsylvania and failed to disclose such information to
Deloitte. On September 24, 2002, Deloitte filed a third party claim against
certain officers and employees of ACC and others alleging, among other things,
that such officers and employees withheld material information in connection
with such improper activities. The Company believes that Deloitte's claims
against it and ACC's officers and employees have no merit and will vigorously
defend itself.

     Management believes that the consolidated financial statements present
fairly, in all material respects, the financial position of the Company and its
subsidiaries as of June 30, 2001


                          ATCHISON CASTING CORPORATION
     400 SOUTH FOURTH STREET o P.O. BOX 188o ATCHISON, KANSAS 66002-0188 o
                       (913)367-2121 o FAX (913)367-2155

and 2000, and the results of operations and cash flows for each of the three
years in the period ended June 30, 2001.

     ACC produces iron, steel and non-ferrous castings for a wide variety of
equipment, capital goods and consumer markets.

     This press release contains forward-looking statements that involve risks
and uncertainties. Such statements include the Company's expectations as to
future performance and contingent obligations. Among the factors that could
cause actual results to differ materially from the forward looking statements
are the following: the results of the litigation with Deloitte, the re-audit of
any financial statements, costs of closing foundries, the results of the
liquidation of the Company's wholly-owned subsidiary Fonderie d'Autun, the
amount of any claims made against Fonderie d'Autun's prior owner which are the
subject of certain guarantees, business conditions and the state of the general
economy in Europe and the US, particularly the capital goods industry, the
strength of the U.S. dollar, British pound sterling and the Euro, interest
rates, the Company's ability to renegotiate or refinance its lending
arrangements, utility rates, the availability of labor, the successful
conclusion of union contract negotiations, the results of any litigation arising
out of the accident at Jahn Foundry, results of any litigation or regulatory
proceedings arising from the accounting irregularities at the Pennsylvania
Foundry Group, the competitive environment in the casting industry and changes
in laws and regulations that govern the Company's business, particularly
environmental regulations.






                          ATCHISON CASTING CORPORATION
     400 SOUTH FOURTH STREET o P.O. BOX 188o ATCHISON, KANSAS 66002-0188 o
                       (913)367-2121 o FAX (913)367-2155