~~SECURITIES~~UNITED STATESSECURITIES AND EXCHANGE COMMISSION

~~Washington~~WASHINGTON, ~~D.C.~~DC 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):~~July~~August 177, 2003

KENTUCKY ELECTRIC STEEL, INC.
(Exact Name of Registrant as Specified in its Charter)

Delaware	0-22416	61-1244541
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)

P.O. Box 3500Ashland, Kentucky 41105-3500 (Address of Principal Executive Office) (Zip Code) Registrant’s telephone number, including area code: (606) 929-1222

Item 5. Other Events

On August 7, 2003, Kentucky Electric Steel, Inc. (the “Company”) isannounced ~~filing~~that ~~this Current~~it ~~Report~~had onentered ~~form~~into ~~8-K~~an ~~for~~amendment of the ~~purpose~~Asset ofPurchase ~~filing~~Agreement, ~~with~~dated ~~the~~July ~~Securities~~7, ~~and~~2003, ~~Exchange Commission~~with ~~the~~KES Acquisition Company’s, ~~monthly~~LLC ~~operating~~(“KES ~~report~~Acquisition”). A copy toof the ~~U.S.~~press ~~Bankruptcy~~release ~~Court~~announcing ~~for~~ the ~~Eastern~~execution ~~District~~ of ~~Kentucky~~the ~~for~~Agreement ~~the~~is ~~period~~filed ~~from~~as ~~June~~Exhibit 99.1, ~~2003~~to ~~through~~this ~~June~~Form ~~28,~~8-K ~~2003, which was filed with~~and ~~the~~hereby ~~Bankruptcy~~incorporated ~~Court~~by ~~on July 17, 2003~~reference.

Item 7. Financial Statements and Exhibits

ExhibitNumber		Description
99.1		~~Monthly~~Press ~~Operating~~release ~~Report~~dated toAugust ~~the U.S. Bankruptcy Court for the Eastern District of Kentucky for period June 1~~7, 2003 ~~through June 28, 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.

	KENTUCKY ELECTRIC STEEL, INC.
Date: July __, 2003	By:	/s/ William J. Jessie
Date: August 8, 2003	By:	/s/ William J. Jessie
		Name:	William J. Jessie
		Title:	President and Chief Operating Officer

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