8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D. C. 20549


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                                    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):   (August 21, 2003)
                                                             August 22, 2003
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                       ATCHISON CASTING CORPORATION
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               (Exact name of registrant as specified in charter)



        Kansas                     1-12541                  48-1156578
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(State of Incorporation)   (Commission File Number)      (I.R.S. Employer
                                                       Identification Number)



               400 South Fourth Street, Atchison, KS 66002
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               (Address of Principal Executive Offices) (Zip Code)

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

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

Item 5. Other Events.

     Atchison Casting Corporation and Clarke Casting LLP jointly issued a press
release announcing the sale of substantially all of the assets of The G&C
Foundry Company and Canada Alloy Castings, Ltd. A copy of the press release is
attached as Exhibit 99.1 hereto and incorporated herein by reference.

     On August 4, 2003, Atchison Casting Corporation and its U.S. Subsidiaries
(other than The G&C Foundry Company) filed a voluntary petition for
reorganization. ACC's Canadian and U.K. operations have not been included in any
bankruptcy filings.

     ACC intends to sell its remaining businesses and assets as going concerns
for the highest value. At this time, it appears unlikely that any funds will be
available for stockholders.

     This current report 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 need for bankruptcy court approvals, the ability to
successfully complete proposed sales of business operations, access to cash
collateral, the adequacy of and compliance with the DIP financing, stability of
customer demand and supplier support, the many uncertainties involved in
operating a business in a Chapter 11 bankruptcy environment, the re-audit of any
financial statements, the sale of subsidiaries for which offers are being
solicited, costs of closing or selling foundries, the results of the liquidation
of 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 U.S., particularly the
capital goods industry, the strength of the U.S. dollar, British pound sterling
and the Euro, interest rates, 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
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.

Item 7. Financial Statements and Exhibits.

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

         99.1     Press Release dated August 21, 2003.

                                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.

Date: August 22, 2003



                                   Atchison Casting Corporation



                                   By:      /s/ Kevin T. McDermed
                                      --------------------------------
                                            Kevin T. McDermed
                                            Chief Financial Officer

EX-99

                              FOR IMMEDIATE RELEASE
                                 August 21, 2003


Clarke Casting LP and Atchison Casting Corporation are pleased to announce that
they have completed the sale of the assets of G&C Foundry Company to New G&C
Acquisition, LLC, and the sale of the assets of Canada Alloy Castings, Ltd. to
3078350 Nova Scotia Company. Both New G&C Acquisition LLC and 3078350 Nova
Scotia Company are wholly owned subsidiaries of Clarke Casting LP. New G&C
Acquisition LLC will operate the newly acquired Sandusky, Ohio facility under
the name "The G&C Foundry Company," and 3078350 Nova Scotia Company will operate
the newly acquired Kitchener, Ontario business under the name "Canada Alloy
Castings Company." Atchison Casting Corporation produces iron, steel and
non-ferrous castings for a wide variety of equipment, capital goods and consumer
markets.

Those having questions concerning these transitions should contact New G&C's
Chief Financial Officer, James J. Gagan, at (419) 625-5125 x117.