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

   
 X   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934
For the fiscal year ended     December 31, 1996   
                                  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:

                       $.01 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 any amendment to
this Form 10-K.  [X]

     At the date of filing of this report there were 4,056,140 shares
of $.01 par value common stock outstanding.  At February 10, 1997 the
aggregate market value of voting stock held by non-affiliates of the
Registrant was approximately $8,826,000.

                 Documents Incorporated by Reference     

                                 NONE<PAGE>
 

                            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, 1997                        /s/ John B. McKinney       
         Date                              John B. McKinney
                                               President
                                     Principal Executive Officer
                                               Director


  March 20, 1997                       /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 indicated.


  March 13, 1997                       /s/ Donald F. Gunning      
         Date                              Donald F. Gunning
                                               Director

  March 12, 1997                       /s/ A. William Hager       
         Date                              A. William Hager 
                                               Director

  March 12, 1997                       /s/ E. Lawrence Keyes, Jr. 
         Date                              E. Lawrence Keyes, Jr.
                                               Director

  March 12, 1997                       /s/ Robert H. Quenon       
         Date                              Robert H. Quenon 
                                                Director

                                                                  
         Date                              Lawrence K. Roos 
                                               Director

  March 12, 1997                       /s/ Edwin J. Spiegel, Jr.  
         Date                              Edwin J. Spiegel, Jr. 
                                               Director

  March 18, 1997                       /s/ Lester Varn, Jr.       
         Date                              Lester Varn, Jr. 
                                                Director

  March 12, 1997                       /s/ George H. Walker III   
         Date                              George H. Walker III
                                                Director