Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Indicate the number of shares outstanding of each of the ~~issuers~~issuer's classes of common stock, as of the latest practicable date.

CONDENSED BALANCE SHEETS				CONDENSED BALANCE SHEETS
(Dollars in thousands except per share data)				(Dollars in thousands except per share data)
(unaudited)	Sept. 30,	Dec. 31,	Sept. 30,	(unaudited)	March 31,	December 31,	March 31,
ASSETS	2000	1999	1999	ASSETS	2001	2000	2000
Cash	$2,458	$2,578	$3,292	Cash	$2,127	$2,079	$2,568
Accounts receivable, net.	103,153	83,352	95,020
Accounts receivable, net				Accounts receivable, net	97,856	91,636	101,197
Inventories (principally on last-in, first-out basis)	188,751	169,618	179,520	Inventories (principally on last-in, first-out basis)	162,026	163,206	175,471
Total current assets	$294,362	$255,548	$277,832
Income tax receivable				Income tax receivable	-	4,116	-
Other current assets				Other current assets	1,827	1,426	1,765
				Total current assets	$263,836	$262,463	$281,001
Investment in joint ventures				Investment in joint ventures	9,675	9,714	11,862
Prepaid expenses and other assets	69,457	60,716	56,591	Prepaid expenses and other assets	56,376	55,566	49,842
Fixed assets, net	97,338	97,077	94,025	Fixed assets, net	90,805	91,108	95,986
				Total assets	$420,692	$418,851	$438,691
Total assets	$461,157	$413,341	$428,448

LIABILITIES AND STOCKHOLDERS EQUITY
LIABILITIES AND STOCKHOLDERS' EQUITY				LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	$105,253	$102,976	$ 84,219	Accounts payable	$100,693	$84,734	$112,370
Accrued liabilities	15,980	17,230	17,032	Accrued liabilities	16,666	17,854	15,678
Income taxes payable	4,300	4,876	3,865	Income taxes payable	107	1,130	7,098
Current portion of long-term debt	3,021	3,915	3,545	Current portion of long-term debt	3,425	3,425	3,577
				Total current liabilities	$120,891	$107,143	$138,723
Total current liabilities	$128,554	$128,997	$108,661
Long-term debt, less current portion	171,920	122,625	156,708	Long-term debt, less current portion	151,558	161,135	138,290
Deferred income taxes	17,236	16,356	16,225	Deferred income taxes	18,008	18,096	16,692
Other Liabilities	2,254	3,552	3,710
Stockholders equity	141,193	141,811	143,144
Minority interest				Minority interest	1,104	971	518
Post retirement benefit obligations				Post retirement benefit obligations	2,136	2,265	1,661
Stockholders' equity				Stockholders' equity	126,995	129,241	142,807
				Total liabilities and stockholders' equity	$420,692	$418,851	$438,691
Total liabilities and stockholders' equity.	$461,157	$413,341	$428,448

SHARES OUTSTANDING	14,061	14,046	14,045	SHARES OUTSTANDING	14,061	14,061	14,048
BOOK VALUE PER SHARE	$10.04	$10.10	$10.19	BOOK VALUE PER SHARE	$9.03	$9.19	$10.17
WORKING CAPITAL	$165,808	$126,551	$169,171	WORKING CAPITAL	$142,945	$155,320	$143,478
WORKING CAPITAL PER SHARE	$11.79	$9.01	$12.04	WORKING CAPITAL PER SHARE	$10.17	$11.05	$10.21

DEBT TO CAPITAL	55.3%	47.2%	52.8%	DEBT TO CAPITAL	55.0%	56.0%	49.8%

CONDENSED STATEMENTS OF CASH FLOWS						CONDENSED STATEMENTS OF CASH FLOWS		(Unaudited)
(Dollars in thousands)						(Dollars in thousands)		For the Three Months
	CONDENSED STATEMENTS OF CASH FLOWS		(Unaudited)					Ended March 31,
	(Dollars in thousands)		For the Nine Months
			Ended Sept. 30,
	Cash flows from operating activities:		2000	1999
Cash flows from operating activities:						Cash flows from operating activities:		2000	2001
	Net income.		$7,981	$7,243		Net income		$805	$3,766
	Depreciation and amortization		7,102	7,307		Depreciation		2,398	2,438
	Other.		(6,844)	5,646		Other		(958)	(3,661)
		Cash provided from operating activities before					Cash provided from operating activities before
		working capital changes	8,239	20,196			working capital changes	2,245	2,543
	(Increase) decrease in working capital		(39,237)	12,485		(Increase) decrease in working capital		12,277	(14,031)
Net cash provided from (used by) operating activities	Net cash provided from (used by) operating activities		(30,998)	32,681		Net cash provided from (used by) operating activities		14,522	(11,488)
Cash flows from investing activities:	Cash flows from investing activities:					Cash flows from investing activities:
	Investments and acquisitions		(4,050)	(3,097)	)
	Capital expenditures, net of sales proceeds		(4,876)	(5,258)	)	Capital expenditures, net of sales proceeds		(1,846)	(1,079)
Net cash provided from (used by) investing activities	Net cash provided from (used by) investing activities		(8,926)	(8,355)	)	Net cash provided from (used by) investing activities		(1,846)	(1,079)
Cash flows from financing activities:	Cash flows from financing activities:					Cash flows from financing activities:
	Long-term borrowings, net		48,401	(15,909)	)	Long-term borrowings, net		(9,577)	15,327
Dividends paid	Dividends paid		(8,245)	(8,216)	)	Dividends paid		(2,761)	(2,742)
	Other.		(352)	137		Other		(290)	(28)
Net cash provided from (used by) financing activities	Net cash provided from (used by) financing activities		39,804	(23,988)	)	Net cash provided from (used by) financing activities		(12,628)	12,557
Net increase (decrease) in cash	Net increase (decrease) in cash		$(120)	$338		Net increase (decrease) in cash		$48	$(10)
	Cash - beginning of year		2,578	2,954		Cash - beginning of year		2,079	2,578
	Cash - end of period		$2,458	$3,292		Cash - end of period		$2,127	$2,568
Supplemental Cash Disclosure
Supplemental Cash Disclosure - Cash Paid During the Period						Supplemental Cash Disclosure - Cash Paid During the Period
		Interest	$7,406	$8,290		Interest		$2,551	$1,873
		Income taxes	$5,079	$3,517		Income taxes		$(2,335)	$1,975

COMPARATIVE STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
		For the Three Months Ended March 31,
(Unaudited)		2001	2000

Net sales		$183,646	$195,239
Cost of material sold		128,106	135,945
	Gross profit on sales	55,540	59,294
Operating expenses		49,064	48,224
Depreciation and amortization expense		2,398	2,438
Interest expense, net		2,603	2,304

Income before taxes		1,475	6,328
Income Taxes:
	Federal	525	2,052
	State	145	510
		670	2,562

Net income		$805	$3,766

Net income per share		$.06	$.27
Diluted income per share		$.06	$.27

Financial Ratios:
	Return on sales	0.44%	1.93%
	Asset turnover	1.75	1.78
	Return on assets	0.77%	3.43%
	Leverage factor	3.26	3.09
	Return on opening stockholders' equity	2.49%	10.62%

Other Data:
	Cash dividends paid	$2,761	$2,742
	Dividends per share	$0.195	$0.195
	Average number of shares outstanding	14,061	14,048

Inventory determination under the LIFO method can only be made at the end of each fiscal year based on the inventory levels and costs at that time. Accordingly, interim LIFO determinations, including those at ~~September 30,~~March 31, 2001, and March 31, 2000, ~~December 31, 1999 and September 30, 1999,~~ must necessarily be based on management's estimates of expected ~~year end~~year-end inventory levels and costs. Since future estimates of inventory levels and costs are subject to certain forces beyond the control of management, interim financial results are subject to fiscal year end LIFO inventory valuations.

Current replacement cost of inventories exceeds book value by ~~$44.6~~$42.9 million and $36.9 million at March 31, 2001 and ~~$40.8 million at September 30,~~March 31, 2000, ~~December 31, 1999 and September 30, 1999,~~ respectively. Taxes on income would become payable on any realization of this excess from reductions in the level of inventories.


3400 North Wolf Road, Franklin Park, Illinois	60131
(Address of Principal Executive Offices)	(Zip Code)

Class		Outstanding at ~~September 30, 2000~~March 31, 2001
Common Stock, No Par Value		~~14,060,573~~14,160,564 shares

Part I.	Financial Information	Page Number
~~Part I.~~	~~Financial Information~~
Item 1.	Financial ~~Statements:~~Statements	3-6

	Condensed Balance ~~Sheet~~Sheets	3

	Comparative Statements of Cash Flows	3

	Comparative Statements of Income	4

	Notes to Condensed Financial Statements	5-6


Item 2.	~~Managements~~Management's Discussion and Analysis of Financial
	Conditions and Results of Operations	6-7


Part II.	Other Information

Item 1.	Legal ~~Proceedings.~~Proceedings	8

Item 6.	Exhibits and Reports on Form 8-K	8

COMPARATIVE STATEMENTS OF INCOME
(Dollars in thousands, except per share data)
		For The Three		For The Nine
(Unaudited)		Months Ended		Months Ended
		Sept. 30,		Sept. 30,
		2000	1999	2000	1999
Net sales		$184,958	$177,097	$572,475	$540,549
Cost of material sold		130,354	123,027	400,195	372,503
	Gross profit on sales	54,604	54,070	172,280	168,046

Operating expenses.		47,452	46,631	144,405	140,067
Depreciation and amortization expense		2,178	2,442	7,102	7,307
Interest expense, net		2,669	2,637	7,409	8,371

Income before taxes		2,305	2,360	13,364	12,301

Income Taxes:
	Federal.	747	840	4,351	4,193
	State	179	166	1,032	865
		926	1,006	5,383	5,058

Net income		$1,379	$1,354	$7,981	$7,243

Net income per share		$.10	$.10	$.57	$.52
Diluted income per share.		$.10	$.10	$.57	$.52


Financial Ratios:
	Return on sales	.75%	.76%	1.39%	1.34%
	Asset turnover	1.60	1.65	1.66	1.68
	Return on assets	1.20%	1.26%	2.31%	2.25%
	Leverage factor	3.25	2.98	3.25	2.98
	Return on opening stockholders equity	3.89%	3.76%	7.50%	6.71%

Other Data:
	Cash dividends paid	$2,761	$2,739	$8,245	$8,216
	Dividends per share	$0.195	$0.195	$0.585	$0.585
	Average number of shares outstanding	14,061	14,048	14,052	14,045

1.	Condensed Financial Statements
	The condensed financial statements included herein are unaudited, except for the balance sheet at December 31, 1999, which is condensed from the audited financial statements at that date. The Company believes that the disclosures are adequate to make the information not misleading; however, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of management, the unaudited statements, included herein, contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the financial position, the cash flows, and the results of operations for the periods then ended. It is suggested that these condensed financial statements be read in conjunction with the financial statements and the notes thereto included in the Company's latest annual report on Form 10-K. The 2000 interim results reported herein may not necessarily be indicative of the results of operations for the full year 2000.
2.	Earnings Per Share
	In accordance with SFAS No. 128 "Earnings per Share" below is a reconciliation of the basic and diluted earnings per share calculations for the periods reported (dollars and shares in thousands):
		For The Three		For The Nine
		Months Ended		Months Ended
		Sept. 30,		Sept. 30,
		2000	1999	2000	1999

	Net Income	$1,379	$1,354	$7,981	$7,243

	Weighted average common shares outstanding	14,061	14,048	14,052	14,045
	Dilutive effect of outstanding employee and
	directors' common stock options	-	11	-	9
	Diluted common shares outstanding	14,061	14,059	14,052	14,054

	Basic earnings per share	$.10	$.10	$.57	$.52

	Diluted earnings per share	$.10	$.10	$.57	$.52

	Outstanding employee and directors'
	common stock options having no
	dilutive effect	992	820	992	820

3.	Segments
	The Company has reviewed the business activities of its divisions and subsidiaries in accordance with the requirements of SFAS No. 131. The Company has concluded that its business activities fall into one identifiable business segment as approximately 91% of all revenues are derived from the distribution of its specialty metals products. These products are purchased, warehoused, processed and sold using essentially the same systems, facilities, sales force and distribution network.

~~Registrants~~
Registrant's telephone, including area code	847/455-7111

4.	The Company's subsidiary Total Plastics, Inc. acquired a 90% interest in Aftech on May 1, 2000. The acquisition has been accounted for as a purchase and accordingly the results of operations of Aftech have been included in the Company's consolidated financial statements as of May 1, 2000. Pro-forma results are not required since the amounts do not significantly differ from historical results.
~~Item 2.~~	~~Management's Discussion and Analysis Of Financial Condition and Results Of Operations.~~

	~~Results of Operations~~
	Operating results before taxes, depreciation, amortization and interest expense for the third quarter of 2000 were down 3.9% compared to 1999's third quarter. The Company earned $1.4 million ($.10 per share) in both the third quarter 2000 and 1999. Results were negatively impacted by a reduction in gross margins primarily due to the inability to fully recover mill price increases. The increase in operating expenses was mainly driven by inflation in wages, benefits and operating costs, and a 1.6% increase in the physical volume of shipments to customers. Earnings for the first nine months of $8.0 million ($.57 per share) were up 10.2% from last year's $7.2 million ($.52 per share).

	Quarterly sales totalled $185.0 million, representing a 4.4% increase from the third quarter of 1999 sales of $177.1 million. Higher shipment levels were the primary reason for the sales dollar change. For the first nine months of 2000 total revenues were $572.5 million as compared to $540.5 million in 1999, a 5.9% increase.

	Gross profit for the quarter increased by $.5 million (1.0%) to $54.6 million due mainly to sales volume increases which where offset by a decrease in the total gross margin percentage from 30.5% to 29.5%. The decrease in the margin percentage was caused primarily by the inability to pass mill cost increases on to our customers. For the first nine months of 2000 total gross profit increased 2.5% to $172.3 million while the gross margin percentage decreased from 31.1% to 30.1%.

	Third quarter operating expenses were up $.8 million (1.8%) as compared to the third quarter of last year. The increases were mainly due to inflation in wages, benefits and operating costs along with higher volume-related expenses. Year-to-date operating expenses were up by $4.3 million (3.1%) which reflect volume increases and additional costs incurred in the second quarter of 2000 related to the consolidation of two warehouses into the Franklin Park, Illinois location.

	~~Third quarter and year-to-date depreciation and amortization expenses where comparable to last year.~~

	Net interest expense for the third quarter approximates the third quarter of 1999 while year-to-date interest was $1.0 million (11.5%) less then the same period last year. During the third quarter of 2000 long-term debt began increasing to support increased working capital while during the third quarter of 1999 debt was decreasing in line with decreases in working capital.

	~~Liquidity and Capital Resources~~
	Accounts receivable increased by $8.1 million from the third quarter of last year mainly due to the increased sales volume. Net inventory increased by $9.2 million compared to last year's values. It is the goal of the company to substantially reduce inventory values during the fourth quarter of this year. Long-term debt, less current portion, increased by $15.2 million when compared to September 30, 1999. The increase was mainly the result of an increase in net working capital along with the acquisition of Aftech by the Company's Total Plastics subsidiary in the second quarter of 2000. The Company's debt-to-capital ratio was 55.3% at September 30, 2000 compared to 52.8% on September 30, 1999. Net worth decreased $2.0 million from the prior year's quarter, due to dividends exceeding earnings over the past four quarters. ~~The Company has unused committed and uncommitted lines of bank credit of $99.2 million as of September 30, 2000 compared to $139.1 million at September 30, 1999.~~

	~~New Accounting Standard~~
	The Financial Accounting Standards Board issued SFAS No. 137 "Accounting for Derivative Instruments and Hedging Activities", which is effective for fiscal years beginning after June 15, 2000. The Company is required to and will adopt SFAS N0.137 on January 1, 2001. The Company does not expect adoption to have a significant effect on its consolidated results of operations or financial position.

Item 1.	Legal Proceedings

	There are no material legal proceedings other than ordinary routine litigation incidental to the business of the Registrant.


Item 66.	Exhibits and Reports on Form 8-K

	(a)	None

	(b)	No reports on Form 8-K have been filed during the quarter for which this report is ~~filed.~~filed

		A. M. Castle & Co.
		(Registrant)



Date:May 7, 2001	~~November 6, 2000~~		By:	/ ss/J.A. Podojil
				J. A. Podojil - Treasurer/Controller

				(Mr. Podojil is the Chief Accounting Officer and has been authorized to sign on behalf of the Registrant.)