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 reported): September 30, 2003


                          ATCHISON CASTING CORPORATION
                ------------------------------------------------
               (Exact name of registrant as specified in charter)



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



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

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

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

Item 3.  Bankruptcy or Receivership.

As  previously  reported  on Form  8-K,  on  August 4,  2003,  Atchison  Casting
Corporation  (the  "Company")  and certain U.S.  subsidiaries  filed a voluntary
petition for relief under  Chapter 11 of Title 11 of the United States Code (the
"Bankruptcy  Code"),  in the  United  States  Bankruptcy  Court for the  Western
District of Missouri (the "Bankruptcy  Court") (Case No. 03-50965).  The Company
and its subsidiaries (collectively, the "Debtors") remain in possession of their
assets  and   properties,   and  continue  to  operate   their   businesses   as
"debtors-in-possession"  pursuant to Section  1107(a) and 1108 of the Bankruptcy
Code.

As a part of the bankruptcy  proceedings,  the Debtors are required to file with
the Bankruptcy Court a Monthly  Operating  Report Summary ("MOR").  On September
30, 2003, the Debtors filed with the Bankruptcy  Court the MOR as of and for the
month ended August 29, 2003. A copy of certain financial  information in the MOR
is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Following the filing for administration in the U.K. by the Company's subsidiary,
Atchison Casting U.K., Ltd.  ("ACUK"),  the Company recorded a charge, in August
2003, of  approximately  $49.5 million to write off its net  investment in ACUK.
The Company is no longer  consolidating  ACUK's  results  into its  consolidated
financial  statements.  At this time, it appears unlikely that any funds will be
left for stockholders of ACUK or the Company, after payment of creditors.


Item 7.  Exhibits.


Exhibit 99.1  Financial  Information  in the MOR as of and for the  month  ended
              August 29, 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: October 8, 2003



                                          Atchison Casting Corporation



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

EX-99

ATCHISON CASTING CORPORATION AND SUBSIDIARIES AS DEBTORS AND DEBTORS-IN-POSSESSION
CONSOLIDATING BALANCE SHEET
(US $ IN 000s)
August 29, 2003

                                    ATCHISON       AMITE                                       MILWAUKEE       EMPIRE                       PENNSYLVANIA
                                   CASTING        FOUNDRY &       PROSPECT       QUAKER         IMPELLER        STEEL          LaGRANGE    STEEL FOUNDRY
ASSETS                            CORPORATION   MACHINE, INC.  FOUNDRY, INC.   ALLOY, INC.   CASTINGS, INC. CASTINGS, INC.  FOUNDRY, INC.  & MACHINE CO.
- -------------------------------- -------------------------------------------------------------------------------------------------------------------------------


CASH                                   $2,964             $0             $0             $1             $0              $2             $0             $0

TRADE RECEIVABLES                       6,454          1,294          1,599          1,701              0             131              0              0
OTHER RECEIVABLES                         315             26              0              0              0              12              0              0
LESS ALLOWANCES                          (100)            (7)           (25)           (94)             0             (18)             0              0
                                 -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
NET ACCOUNT RECEIVABLES                 6,669          1,313          1,574          1,607              0             125              0              0

GROSS INVENTORY                         7,864          1,914            788            438              0           3,039              0              0
LIFO RESERVE                             (760)             0              0              0              0               0              0              0
VALUATION RESERVE                         (85)             0            (42)             0              0               0              0              0
                                 -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
NET INVENTORY                           7,019          1,914            746            438              0           3,039              0              0

DEFERRED INCOME TAXES                  (7,932)             0              0              0              0               0              0              0

OTHER CURRENT ASSETS                    1,543            371            215            275              0             116              0              5
                                 -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------

TOTAL CURRENT ASSETS                   10,263          3,598          2,535          2,321              0           3,282              0              5

PROPERTY, PLANT, & EQUIPMENT           54,646         19,060         15,186          7,446              0           3,412              0              0
ALLOWANCE FOR DEPRECIATION            (34,052)       (10,706)       (10,939)        (3,592)             0          (2,762)             0              0
                                 -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
NET PROPERTY                           20,594          8,354          4,247          3,854              0             650              0              0

OTHER ASSETS - INTANGIBLES                  0              0              0              0              0               0              0              0
ACCUMULATED AMORTIZATION                    0              0              0              0              0               0              0              0
                                 -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
NET INTANGIBLES                             0              0              0              0              0               0              0              0

INVESTMENT IN SUBSIDIARIES             76,259              0              0              0              0               0              0              0

DEFERRED CHARGES                            0              0              0              0              0               0              0              0
ACCUMULATED AMORTIZATION                    0              0              0              0              0               0              0              0
                                 -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
NET DEFERRED CHARGES                        0              0              0              0              0               0              0              0

OTHER ASSETS                            2,097              0              0              0            670             186              0              0

                                 -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------

TOTAL ASSETS                         $109,213        $11,952         $6,782         $6,175           $670          $4,118             $0             $5
                                 =============  =============  =============  =============  =============  ==============  =============  =============

ATCHISON CASTING CORPORATION AND SUBSIDIARIES AS DEBTORS AND DEBTORS-IN-POSSESSION
CONSOLIDATING BALANCE SHEET
(US $ IN 000s)
August 29, 2003


                               SPRINGFIELD                    INVERNESS                                          NON -
                                  IRON         PRIMECAST       CASTINGS       ACC GLOBAL         CLAREMONT      DEBTOR
ASSETS                         CORPORATION    INCORPORATED    GROUP, INC.    CORPORATION       FOUNDRY, INC. SUBSIDIARIES   ELIMINATIONS    CONSOLIDATED
- --------------------------------------------------------------------------------------------------------------------------------------------------------


CASH                                    $0             $0             $26             $0             $0             $0             $0         $2,993

TRADE RECEIVABLES                        0              0           5,939            387              0          3,997              0         21,502
OTHER RECEIVABLES                        0              0              46              0              0             22              0            421
LESS ALLOWANCES                          0              0            (169)             0              0            (36)             0           (449)
                              -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
NET ACCOUNT RECEIVABLES                  0              0           5,816            387              0          3,983              0         21,474

GROSS INVENTORY                          0              0           2,566              0              0          2,333              0         18,942
LIFO RESERVE                             0              0             (76)             0              0              0              0           (836)
VALUATION RESERVE                        0              0               0              0              0           (209)             0           (336)
                              -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
NET INVENTORY                            0              0           2,490              0              0          2,124              0         17,770

DEFERRED INCOME TAXES                    0              0               0              0              0             97              0         (7,835)

OTHER CURRENT ASSETS                     0              0           1,716              3              0            275              0          4,519
                              -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------

TOTAL CURRENT ASSETS                     0              0          10,048            390              0          6,479              0         38,921

PROPERTY, PLANT, & EQUIPMENT             0              0          14,167              0              0         13,443              0        127,360
ALLOWANCE FOR DEPRECIATION               0              0          (5,436)             0              0         (4,636)             0        (72,123)
                              -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
NET PROPERTY                             0              0           8,731              0              0          8,807              0         55,237

OTHER ASSETS - INTANGIBLES               0              0               0              0              0          9,285              0          9,285
ACCUMULATED AMORTIZATION                 0              0               0              0              0         (7,513)             0         (7,513)
                              -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
NET INTANGIBLES                          0              0               0              0              0          1,772              0          1,772

INVESTMENT IN SUBSIDIARIES               0              0               0              0              0              0        (76,259)             0

DEFERRED CHARGES                         0              0               0              0              0              0              0              0
ACCUMMULATED AMORTIZATION                0              0               0              0              0              0              0              0
                              -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
NET DEFERRED CHARGES                     0              0               0              0              0              0              0              0

OTHER ASSETS                            66              0               0              0              0            250              0          3,269

                              -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------

TOTAL ASSETS                           $66             $0         $18,779           $390             $0        $17,308       ($76,259)       $99,199
                              =============  =============  ==============  =============  =============  =============  =============  =============

ATCHISON CASTING CORPORATION AND SUBSIDIARIES AS DEBTORS AND DEBTORS-IN-POSSESSION
CONSOLIDATING BALANCE SHEET
(US $ IN 000s)
August 29, 2003

                                     ATCHISON        AMITE                                       MILWAUKEE       EMPIRE                       PENNSYLVANIA
                                     CASTING        FOUNDRY &       PROSPECT       QUAKER         IMPELLER        STEEL          LaGRANGE    STEEL FOUNDRY
LIABILITIES & NET WORTH             CORPORATION   MACHINE, INC.  FOUNDRY, INC.   ALLOY, INC.   CASTINGS, INC. CASTINGS, INC.  FOUNDRY, INC.  & MACHINE CO.
- ------------------------------------------------------------------------------------------------------------------------------------------------------------
ACCOUNT PAYABLE                          $7,892         $1,650         $1,420         $1,647             $0            $158            $38             $0
ACCRUED EXPENSES                         16,128            658          1,703           (715)           680           3,959          1,094            426
CURRENT PORTION - LONG TERM DEBT         10,387              0              0              0              0               0              0              0
                                   -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
TOTAL CURRENT LIABILITIES                34,407          2,308          3,123            932            680           4,117          1,132            426

LONG TERM  LOAN                          73,132              0              0              0              0               0              0              0
LONG TERM  LOAN - INTRACOMPANY          (11,493)        11,950        (10,617)        18,211          8,166           7,643          2,592           (421)
                                   -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
TOTAL LOANS                              61,639         11,950        (10,617)        18,211          8,166           7,643          2,592           (421)

EXCESS ASSETS OVER COST                       0              0              0              0              0               0              0              0
ACCUMULATED AMORTIZATION                      0              0              0              0              0               0              0              0
                                   -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
NET EXCESS ASSETS OVER COST                   0              0              0              0              0               0              0              0

DEFERRED TAXES                            1,251              0              0              0              0               0              0              0

OTHER LONG TERM LIABILITIES                 841             40              0              0              0               0              0              0

LONG TERM PENSION                         7,437              0              0              0              0           1,981              0              0

POST RETIREMENT OBLIGATION
   OTHER THAN PENSION                     5,721              0              0              0              0             467              0              0

MINORITY INTEREST IN SUBSIDIARY             187              0              0              0              0               0              0              0


                                   -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
TOTAL LIABILITIES                       111,483         14,298         (7,494)        19,143          8,846          14,208          3,724              5

CAPITAL STOCK                            62,558         12,000          6,678          1,894          3,269           1,400          3,000              0
RETAINED EARNINGS                       (64,828)       (14,346)         7,598        (14,862)       (11,445)        (11,490)        (6,724)             0
                                   -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
NET WORTH                                (2,270)        (2,346)        14,276        (12,968)        (8,176)        (10,090)        (3,724)             0

                                   -------------  -------------  -------------  -------------  -------------  --------------  -------------  -------------
TOTAL LIABILITIES &
   NET WORTH                           $109,213        $11,952         $6,782         $6,175           $670          $4,118             $0             $5
                                   =============  =============  =============  =============  =============  ==============  =============  =============

ATCHISON CASTING CORPORATION AND SUBSIDIARIES AS DEBTORS AND DEBTORS-IN-POSSESSION
CONSOLIDATING BALANCE SHEET
(US $ IN 000s)
August 29, 2003



                                 SPRINGFIELD                     INVERNESS                                     NON -
                                    IRON         PRIMECAST       CASTINGS       ACC GLOBAL      CLAREMONT     DEBTOR
LIABILITIES & NET WORTH          CORPORATION    INCORPORATED    GROUP, INC.    CORPORATION    FOUNDRY, INC.   SUBSIDIARIES  ELIMINATIONS   CONSOLIDATED
- -----------------------------------------------------------------------------------------------------------------------------------------------------------
ACCOUNTS PAYABLE                          $0             $0          $4,665           $355             $0         $2,060             $0         19,885
ACCRUED EXPENSES                           0              0           1,260             11              0          1,618              0         26,822
CURRENT PORTION - LONG TERM DEBT           0              0               0              0              0                             0         10,387
                                -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
TOTAL CURRENT LIABILITIES                  0              0           5,925            366              0          3,678              0         57,094
                                =============  =============  ==============  =============  =============  =============  =============  =============


LONG TERM  LOAN                            0              0               0              0              0              0              0         73,132
LONG TERM  LOAN - INTRACOMPANY            66              0          11,118             74              0           (408)       (36,881)             0
                                -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
TOTAL LOANS                               66              0          11,118             74              0           (408)       (36,881)        73,132
EXCESS ASSETS OVER COST                    0              0               0              0              0              0              0              0
ACCUMULATED AMORTIZATION                   0              0               0              0              0              0              0              0
                                -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
NET EXCESS ASSETS OVER COST                0              0               0              0              0              0              0              0

DEFERRED TAXES                             0              0               0              0              0          1,910              0          3,161

OTHER LONG TERM LIABILITIES                0              0             206              0              0             (7)             0          1,080

LONG TERM PENSION                          0              0               0              0              0              0              0          9,418

POST RETIREMENT OBLIGATION
   OTHER THAN PENSION                      0              0           3,502              0              0              0              0          9,690

MINORITY INTEREST IN SUBSIDIARY            0              0              68              0              0              0              0            255

                                -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
TOTAL LIABILITIES                         66              0          20,819            440              0          5,173        (36,881)       153,830

CAPITAL STOCK                              0              0           2,216            100              0          8,821        (39,378)        62,558
RETAINED EARNINGS                          0              0          (4,256)          (150)             0          3,314              0       (117,189)
                                -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
NET WORTH                                  0              0          (2,040)           (50)             0         12,135        (39,378)       (54,631)
                                -------------  -------------  --------------  -------------  -------------  -------------  -------------  -------------
TOTAL LIABILITIES &
   NET WORTH                             $66             $0         $18,779           $390             $0        $17,308       ($76,259)       $99,199
                                =============  =============  ==============  =============  =============  =============  =============  =============

ATCHISON CASTING CORPORATION AND SUBSIDIARIES AS DEBTORS AND DEBTORS-IN-POSSESSION
INCOME STATEMENT
(US $ IN 000s)
FOR THE MONTH ENDED
AUGUST 29, 2003

                          ATCHISON          AMITE                                             MILWAUKEE         EMPIRE                         PENNSYLVANIA
                          CASTING         FOUNDRY &         PROSPECT          QUAKER          IMPELLER           STEEL          LaGRANGE       STEEL FOUNDRY
                        CORPORATION     MACHINE, INC.    FOUNDRY, INC.     ALLOY, INC.      CASTINGS, INC.   CASTINGS, INC.   FOUNDRY, INC.    & MACHINE CO.
                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------

SALES                          $4,321           $1,017           $1,092             $798               $0             $352               $0               $0

COST OF SALES :
    MATERIAL                   (1,576)            (162)            (194)              (4)               0               (2)               0                0
    LABOR                        (426)            (112)            (298)             (54)               0              (24)               0                0
    BURDEN                     (2,030)            (740)            (405)            (816)               0             (482)               0                0
                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------
TOTAL STANDARD
   COST OF SALES               (4,032)          (1,014)            (897)            (874)               0             (508)               0                0

                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------
STANDARD GROSS MARGIN             289                3              195              (76)               0             (156)               0                0

MANUFACTURING VARIANCE           (450)               0                0                0                0                0                0                0
                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------
TOTAL COST OF SALES            (4,482)          (1,014)            (897)            (874)               0             (508)               0                0

GROSS PROFIT (LOSS)              (161)               3              195              (76)               0             (156)               0                0

GENERAL & ADMINISTRATIVE       (1,519)             (57)            (120)             (50)              (3)             (12)             (72)               0
SALES & MARKETING                 (46)             (18)             (24)              (3)               0               (2)               0                0
NEW PRODDUCT DEVELOPMENT            0                0                0                0                0                0                0                0
AMORTIZATION OF
   INTANGIBLES                      0                0                0                0                0                0                0                0
                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------

NET OPERATING
   PROFIT (LOSS)               (1,726)             (72)              51             (129)              (3)            (170)             (72)               0
OTHER INCOME (EXPENSE)        (46,925)               1                0                0                0                0                0                0
                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------

EARNINGS BEFORE INTEREST
   AND TAXES                  (48,651)             (71)              51             (129)              (3)            (170)             (72)               0
INTEREST EXPENSE -
   DEFERRED  FINANCING              0                0                0                0                0                0                0                0
INTEREST EXPENSE                  233              (87)              80             (136)               0                0                0                0
MINORITY INTEREST                 (15)               0                0                0                0                0                0                0
                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------

NET INCOME (LOSS)
   BEFORE TAX                 (48,433)            (158)             131             (265)              (3)            (170)             (72)               0
PROVISION FOR INCOME
   TAX                           (773)              54              (52)              79                0               51                0                0
                       ---------------  ---------------  ---------------  ---------------   --------------   --------------   --------------   --------------

NET INCOME (LOSS)            ($49,206)           ($104)             $79            ($186)             ($3)           ($119)            ($72)              $0
                       ===============  ===============  ===============  ===============   ==============   ==============   ==============   ==============

ATCHISON CASTING CORPORATION AND SUBSIDIARIES AS DEBTORS AND DEBTORS-IN-POSSESSION
INCOME STATEMENT
(US $ IN 000s)
FOR THE MONTH ENDED
AUGUST 29, 2003

                        SPRINGFIELD                        INVERNESS                                            NON -
                           IRON           PRIMECAST        CASTINGS        ACC GLOBAL        CLAREMONT         DEBTOR
                        CORPORATION     INCORPORATED      GROUP, INC.      CORPORATION     FOUNDRY, INC.    SUBSIDIARIES     ELIMINATIONS     CONSOLIDATED
                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   -------------

SALES                             $0               $0           $3,078             ($16)              $0           $2,811             ($41)         $13,412

COST OF SALES:
    MATERIAL                       0                0           (1,286)               0                0             (847)               0           (4,071)
    LABOR                          0                0              (99)               0                0             (317)               0           (1,330)
    BURDEN                         0                0           (1,483)              12                0           (1,726)              41           (7,629)
                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   --------------
TOTAL STANDARD
   COST OF SALES                   0                0           (2,868)              12                0           (2,890)              41          (13,030)

                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   --------------
STANDARD GROSS
   MARGIN                          0                0              210               (4)               0              (79)               0              382

MANUFACTURING VARIANCE             0                0               (4)               0                0                0                0             (454)
                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   --------------
TOTAL COST OF SALES                0                0           (2,872)              12                0           (2,890)              41          (13,484)

GROSS PROFIT (LOSS)                0                0              206               (4)               0              (79)               0              (72)

GENERAL & ADMINISTRATIVE           0                0           (1,595)              (9)               0             (125)               0           (3,562)
SALES & MARKETING                  0                0              (58)               0                0             (101)               0             (252)
NEW PRODUCT DEVELOPMENT            0                0                0                0                0                0                0               -
AMORTIZATION OF
   INTANGIBLES                     0                0                0                0                0                0                0               -
                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   --------------

NET OPERATING PROFIT (LOSS)        0                0           (1,447)             (13)               0             (305)               0           (3,886)
OTHER INCOME (EXPENSE)             0                0                0                0                0              (29)               0          (46,953)
                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   --------------

EARNINGS BEFORE INTEREST
   AND TAXES                       0                0           (1,447)             (13)               0             (334)               0          (50,839)
INTEREST EXPENSE -
   DEFERRED FINANCING              0                0                0                0                0                0                0                -
INTEREST EXPENSE                   0                0              (68)              (1)               0              (22)               0               (1)
MINORITY INTEREST                  0                0               28                0                0                0                0               13
                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   --------------

NET INCOME (LOSS)
   BEFORE TAX                      0                0           (1,487)             (14)               0             (356)               0          (50,827)
PROVISION FOR
   INCOME TAX                      0                0              579                0                0              119                0               57
                       --------------   --------------   --------------   --------------   --------------   --------------   --------------   --------------

NET INCOME (LOSS)                 $0               $0            ($908)            ($14)              $0            ($237)              $0         ($50,770)
                       ==============   ==============   ==============   ==============   ==============   ==============   ==============   ==============