~~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):~~June~~JuLY 267, 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 July 7, 2003, Kentucky Electric Steel, Inc. (the “Company”) isentered ~~filing~~into ~~this~~a definitive ~~Current~~agreement ~~Report~~to onsell ~~form~~substantially ~~8-K~~all ~~for~~of the ~~purpose~~Company’s ofassets ~~filing~~to ~~with~~KES ~~the~~Acquisition Company, ~~Securities~~LLC ~~and~~for ~~Exchange Commission~~an ~~the~~aggregate ~~Company’s~~purchase ~~monthly~~price ~~operating~~of ~~report~~$2,998,414 toand the ~~U.S.~~assumption ~~Bankruptcy~~by ~~Court for~~KES ~~the~~Holdings ~~Eastern~~of ~~District~~certain liabilities of ~~Kentucky~~the ~~for~~Company (the ~~period~~“Agreement”). ~~from~~A ~~May~~copy 4,of ~~2003~~the press ~~through~~release ~~May~~announcing ~~31,~~the ~~2003,~~execution ~~which~~of ~~was~~the Agreement is filed ~~with~~as Exhibit 99.1 to this ~~the~~Form ~~Bankruptcy~~8-K ~~Court~~and onhereby ~~June~~incorporated ~~20,~~by ~~2003~~reference.

Item 7. Financial Statements and Exhibits

ExhibitNumber		Description
99.1		~~Monthly~~Press ~~Operating~~release ~~Report~~dated toJuly ~~the U.S. Bankruptcy Court for the Eastern District of Kentucky for period from May 4~~14, 2003 ~~through May 31, 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: June 26, 2003	By:	/s/ William J. Jessie
Date: July 15, 2003	By:	/s/ William J. Jessie
		Name:	William J. Jessie
		Title:	President and Chief Operating Officer

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