SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549





FORM 10-K/A

Amendment No. 1

(Mark One)

|x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|- | ------------------------------------------------------------------------------------

For the fiscal year ended December 31, 2007

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: 333-79587





CALIFORNIA STEEL INDUSTRIES,
INC.

(Exact name of registrant as specified in its charter)



|                                                               |  |                                     
|-------------------------------------------------------------- |  | ------------------------------------
|Delaware                                                       |  | 33-0051150                          
|(State or other jurisdiction of incorporation or organization) |  | (I.R.S. Employer Identification No.)
|                                                               | 
|14000 San Bernardino Avenue                                    |  |                                     
|Fontana, California                                            |  | 92335                               
|(Address of principal executive offices)                       |  | (Zip code)                          

(909) 350-6200

(Registrants telephone number, including area code)





Securities Registered
Pursuant to Section 12(b) of the Act:



|                     |  |                                           
|-------------------- |  | ------------------------------------------
|Title of Each Class: |  | Name of Each Exchange on Which Registered:
|None                 |  | None                                      

Securities registered pursuant to Section 12(g) of the Act:

None

(Title of Class)





Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act

Yes  ̈     No x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act

Yes  ̈     No x



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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 (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.  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 definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or
any amendment to this Form 10-K. x

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated file, or a non-accelerated filer (as defined in Rule 12b-2 of the Act).



|                            |  |                       |  |                         
|--------------------------- |  | --------------------- |  | ------------------------
|Large Accelerated Filer    ̈ |  | Accelerated Filer    ̈ |  | Non-Accelerated Filer  x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.):
 ̈ Yes  x  No

As of September 22, 2008, 4,000 shares of the
Companys common stock, no par value, were outstanding.









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EXPLANATORY NOTE

California Steel Industries, Inc., is filing this Amendment No. 1 to its Annual Report on Form 10-K (the Amendment) for the year ended December 31, 2007, which was originally filed on March 25, 2008
(Original Filing), to restate certain sections of the Section 302 certifications. The purpose of the restatement is to add additional language which is required by Item 601(B)(31) of Regulation S-K as a result of the inclusion of the
report by management on the effectiveness of the companys internal control over financial reporting in Item 9A of the Original Filing.



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PART IV

Item 15.Exhibits and Financial Statement Schedules

(a)(3) Exhibits:



|     |  |                                                                                                                                          
|---- |  | -----------------------------------------------------------------------------------------------------------------------------------------
|     | 
|31.1 |  | Restated Certification of President and Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.               
|     | 
|31.2 |  | Restated Certification of Executive Vice President and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of
2002.



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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 No. 1 to its annual report on Form 10-K/A to be signed on its behalf by the
undersigned, thereunto duly authorized.

September 22, 2008



CALIFORNIA STEEL INDUSTRIES, INC.By:

/s/ VICENTE WRIGHTVicente Wright, President and Chief Executive Officer