EXHIBIT 23.1





                       CONSENT OF INDEPENDENT ACCOUNTANTS




We consent to the incorporation by reference in the registration statement of
Keystone Consolidated Industries, Inc. on Form S-8 (File Nos. 33-30137, 33-63086
and 2-93666) of our report dated March 2, 1998, on our audits of the
consolidated financial statements and financial statement schedule of Keystone
Consolidated Industries, Inc. and Subsidiaries as of December 31, 1997 and 1996,
and for the years ended December 31, 1997, 1996, and 1995, which report is
included in this Annual Report on Form 10-K.



COOPERS & LYBRAND L.L.P.



Dallas, Texas
March 24, 1998