UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 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): August 1, 2005

                                 METALLURG, INC.
             (Exact name of registrant as specified in its charter)

            Delaware                     333-42141               13-1661467
- -------------------------------   ------------------------   -------------------
(State or other jurisdiction of   (Commission File Number)     (IRS Employer
         incorporation)                                      Identification No.)

                           1140 Avenue of the Americas
                                   Suite 1800
                            New York, New York 10036
                    (Address of Principal Executive Offices)

                                 (212) 835-0200
              (Registrant's Telephone Number, Including Area Code)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     [ ]  Written communications pursuant to Rule 425 under the Securities Act
          (17 CFR 230.425)

     [ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
          (17 CFR 240.14a-12)

     [ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
          Exchange Act (17 CFR 240.14d-2(b))

     [ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
          Exchange Act (17 CFR 240.13e-4(c))







ITEM 8.01. OTHER EVENTS

     On August 1, 2005, Metallurg, Inc. ("Metallurg") prepaid its term loan with
MHR Institutional Partners II LP, as agent ("MHR") with cash on hand. The total
payment of $18.4 million included $15.0 million of original principal, $1.4
million of interest paid-in-kind that was added to principal and $2.0 million of
prepayment penalty. Metallurg continues to maintain the $21.0 million letter of
credit facility under the financing agreement with MHR.

     In addition, on August 3, 2005, Metallurg's parent company, Metallurg
Holdings, Inc., announced that it has commenced discussions with Morgan Stanley
to explore financing alternatives aimed at refinancing long term, interest-
bearing obligations.



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                                   SIGNATURES

     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.

                                        METALLURG, INC.


                                        By: /s/ Barry C. Nuss
                                            ------------------------------------
                                            Name: Barry C. Nuss
                                            Title: Senior Vice President &
                                                   Chief Financial Officer

Dated: August 4, 2005


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