EXHIBIT 23.3
 
             [LETTERHEAD OF JONES, WALKER, WAECHTER, POITEVENT, 
                       CARRERE & DENEGRE APPEARS HERE]

                              February 11, 1994



Bayou Steel Corporation 
River Road
P.O. Box 5000
La Place, LA  70069

      RE:  Bayou Steel Corporation 
           Registration Statement on Form S-1
           (File No. 33-72486)
           ----------------------------------

Gentlemen:

      We have acted as special Louisiana counsel to Bayou Steel Corporation, a
Delaware corporation (the "Company"), in connection with its Registration 
Statement on Form S-1 (File No. 33-72486), Amendment No. 1, Amendment No. 2 
and Amendment No. 3 (collectively, the "Registration Statement"), filed 
pursuant to the Securities Act of 1933, as amended, relating to the proposed 
offering of the Company's ____% First Mortgage Notes due 2001 in the aggregate
principal amount of $75,000,000.

      In that connection, we hereby consent to the use of our name under the 
caption "Legal Matters" in the Prospectus included in the Registration 
Statement and to the use of this consent as an Exhibit to the Registration 
Statement.

                                      Very truly yours,

                                      JONES, WALKER, WAECHTER, POITEVENT,
                                      CARRERE & DENEGRE, L.L.P.

                                      /s/ Michael K. Tarver
                                      -----------------------------------
                                      Michael K. Tarver