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) June 18, 2004

Bayou Steel Corporation
(Exact name of registrant as specified in its charter)


Delaware (State of incorporation)	1-9982 (Commission File Number)	72-1125783 (IRS Employer Identification No.)

138 Highway 3217, P.O. Box 5000, LaPlace, Louisiana
(Address of principal executive offices)

70069
(Zip Code)

(985) 652-4900
(Registrant's telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

Item 5. Other Events and Regulation FD Disclosure.

On June 18, 2004, the Company amended its Stockholder Rights Agreement to revise the definition of "Exempt Person" thereunder. A copy of the First Amendment to Stockholder Rights Agreement is filed herewith as Exhibit 99.1.

Item 7. Financial Statements and Exhibits.

(c)	Exhibits .
	99.1	First Amendment to Stockholder Rights Agreement

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 thereunto duly authorized.

	BAYOU STEEL CORPORATION

	By:	/s/ Richard J. Gonzalez
	Name: Richard J. Gonzalez Title: Chief Financial Officer

Date: June 21, 2004

BAYOU STEEL CORP 8-K