<ARTICLE>       5
<LEGEND>
THE FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED 
FROM BAYOU STEEL CORPORATION CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED 
STATEMENTS OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH 
FINANCIAL STATEMENTS.
</LEGEND>
<PERIOD-TYPE>                                                       9-MOS
<FISCAL-YEAR-END>                                             SEP-30-1996
<PERIOD-END>                                                  JUN-30-1996
<CASH>                                                          1,246,860
<SECURITIES>                                                            0
<RECEIVABLES>                                                  24,736,463
<ALLOWANCES>                                                      613,164
<INVENTORY>                                                    73,096,697
<CURRENT-ASSETS>                                               99,713,141
<PP&E>                                                        128,546,087
<DEPRECIATION>                                                 38,282,974
<TOTAL-ASSETS>                                                194,187,599
<CURRENT-LIABILITIES>                                          25,503,289
<BONDS>                                                        85,048,666
<PREFERRED-MANDATORY>                                          12,557,861
<PREFERRED>                                                             0
<COMMON>                                                          128,846
<OTHER-SE>                                                     70,948,937
<TOTAL-LIABILITY-AND-EQUITY>                                  194,187,599
<SALES>                                                       152,182,577
<TOTAL-REVENUES>                                              152,182,577
<CGS>                                                         140,266,780
<TOTAL-COSTS>                                                 140,266,780
<OTHER-EXPENSES>                                                4,957,647
<LOSS-PROVISION>                                                   56,610
<INTEREST-EXPENSE>                                              6,483,185
<INCOME-PRETAX>                                                (1,527,612)
<INCOME-TAX>                                                            0
<INCOME-CONTINUING>                                            (1,527,612)
<DISCONTINUED>                                                          0
<EXTRAORDINARY>                                                         0
<CHANGES>                                                               0
<NET-INCOME>                                                   (1,527,612)
<EPS-PRIMARY>                                                        (.11)
<EPS-DILUTED>                                                        (.11)