| 1) | I      have reviewed this Quarterly Report on Form 10-Q of Keystone Consolidated      Industries, Inc.; |
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| 2) | Based      on my knowledge, this report does not contain any untrue statement of a      material fact or omit to state a material fact necessary to make the      statements made, in light of the circumstances under which such statements      were made, not misleading with respect to the period covered by this      report; |
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| 3) | Based      on my knowledge, the financial statements, and other financial information      included in this report, fairly present in all material respects the      financial condition, results of operations and cash flows of Keystone      Consolidated Industries, Inc. as of, and for, the periods presented in      this report; |
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| 4) | Keystone      Consolidated Industries, Inc. other certifying officer and I are      responsible for establishing and maintaining disclosure controls and      procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and      internal control over financial reporting (as defined in Exchange Act      Rules 13a-15(f) and 15d-15(f)) for Keystone Consolidated Industries, Inc.      and we have: |
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| a)  | Designed      such disclosure controls and procedures, or caused such disclosure      controls and procedures to be designed under our supervision, to ensure      that material information relating to Keystone Consolidated Industries,      Inc., including its consolidated subsidiaries, is made known to us by      others within those entities, particularly during the period in which this      report is being prepared; |
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| b)  | Designed      such internal control over financial reporting, or caused such internal      control over financial reporting to be designed under our supervision, to      provide reasonable assurance regarding the reliability of financial      reporting and the preparation of financial statements for external      purposes in accordance with generally accepted accounting      principles; |
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| c)  | Evaluated      the effectiveness of Keystone Consolidated Industries, Inc.'s disclosure      controls and procedures and presented in this report our conclusions about      the effectiveness of the disclosure controls and procedures, as of the end      of the period covered by this report based on such evaluation;      and |
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| d)  | Disclosed      in this report any change in Keystone Consolidated Industries, Inc.’s      internal control over financial reporting that occurred during the      registrant’s most recent fiscal quarter (Keystone Consolidated Industries,      Inc.’s fourth fiscal quarter in the case of an Annual Report) that has      materially affected, or is reasonably likely to materially affect,      Keystone Consolidated Industries, Inc.’s internal control over financial      reporting; and |
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| 5) | Keystone      Consolidated Industries, Inc.’s other certifying officer and I have      disclosed, based on our most recent evaluation of internal control over      financial reporting, to Keystone Consolidated Industries, Inc.’s auditors      and the audit committee of Keystone Consolidated Industries, Inc.’s board      of directors (or persons performing the equivalent    function): |
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|   | a)  | All      significant deficiencies and material weaknesses in the design or      operation of internal control over financial reporting which are      reasonably likely to adversely affect Keystone Consolidated Industries,      Inc.’s ability to record, process, summarize and report financial      information; and |
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| b)  | Any      fraud, whether or not material, that involves management or other      employees who have a significant role in Keystone Consolidated Industries,      Inc.’s internal control over financial  reporting. |
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