<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>                   3-MOS
<FISCAL-YEAR-END>                                    SEP-30-1999
<PERIOD-END>                                         JUN-30-1999
<CASH>                                                25,470,374
<SECURITIES>                                                   0
<RECEIVABLES>                                         24,321,068
<ALLOWANCES>                                             928,918
<INVENTORY>                                           83,343,254
<CURRENT-ASSETS>                                     138,066,744
<PP&E>                                               152,870,324
<DEPRECIATION>                                        54,756,763
<TOTAL-ASSETS>                                       242,642,176
<CURRENT-LIABILITIES>                                 21,304,273
<BONDS>                                              118,984,533
<COMMON>                                                 128,906
<PREFERRED-MANDATORY>                                          0
<PREFERRED>                                                    0
<OTHER-SE>                                           102,353,370
<TOTAL-LIABILITY-AND-EQUITY>                         242,642,176
<SALES>                                               54,825,470
<TOTAL-REVENUES>                                      54,825,470
<CGS>                                                 48,609,612
<TOTAL-COSTS>                                         50,378,004
<OTHER-EXPENSES>                                        (102,765)
<LOSS-PROVISION>                                          46,856
<INTEREST-EXPENSE>                                     2,682,918
<INCOME-PRETAX>                                        2,140,026
<INCOME-TAX>                                             750,016
<INCOME-CONTINUING>                                    1,390,010
<DISCONTINUED>                                                 0
<EXTRAORDINARY>                                                0
<CHANGES>                                                      0
<NET-INCOME>                                           1,390,010
<EPS-BASIC>                                                  .11
<EPS-DILUTED>                                                .10