UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

(Check One) [ X ] Form 10-K [ ] Form 20-F [ ] Form 11-K [   ] Form 10-Q [ ]Form
N-SAR

                  For Period Ended:  March 31, 2003
                  [  ] Transition Report on Form 10-K
                  [  ] Transition Report on Form 20-F
                  [  ] Transition Report on Form 11-K
                  [  ] Transition Report on Form 10-Q
                  [  ] Transition Report on Form N-SAR
                  For the Transition Period Ended:
                                                     -------------------------

If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:



PART I - REGISTRANT INFORMATION

Stelax Industries, Ltd.
-------------------------------------------------------------------------------
Full Name of Registrant


Former Name if Applicable

4004  Beltline Road,  Suite 107
-------------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)

Dallas, TX   75244
-------------------------------------------------------------------------------
City, State and Zip Code

PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

          (a)      The reasons described in reasonable detail in Part III of
                   this form could not be eliminated without unreasonable effort
                   or expense;
 [a]      (b)      The subject annual report, semi-annual report, transition
                   report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR, or
                   portions thereof, will be filed on or before the fifteenth
                   calendar day following the prescribed due date; or the
                   subject quarterly report of transition report on Form 10-Q,
                   or portion thereof will be filed on or before the fifth
                   calendar day following the prescribed due date; and
          (c)      The accountant's statements or other exhibit required by Rule
                   12b-25(c) has been attached if applicable.






PART II - NARRATIVE

State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period. (Attach Extra Sheets if Needed)

The audit statement is not complete.


PART IV- OTHER INFORMATION

(1)      Name and telephone number of person to contact in regard to this
         notification

         Harmon Hardy                      (214)         987-1197
         ---------------------------       ---------     ----------------------
         (Name)                            (Area Code)    (Telephone Number)

(2)      Have all other periodic reports required under Section 13 or 15(d) of
         the Securities Exchange Act of 1934 or Section 30 of the Investment
         Company Act of 1940 during the preceding 12 months (or for such shorter
         period that the registrant was required to file such reports) been
         filed? If answer is no. identify report(s) [X ] Yes [ ] No


(3)      Is it anticipated that any significant change in results of operations
         from the corresponding period for the last fiscal year will be
         reflected by the earnings statements to be included in the subject
         report or portion thereof: [ ] Yes [ X ] No


         If so, attach an explanation of the anticipated change, both
         narratively and quantitatively, and, if appropriate, state the reasons
         why a reasonable of the results cannot be made.


         Stelax Industries, Ltd. has caused this notification to be signed on
its behalf by the undersigned hereunto duly authorized.

Date: July 3, 2003               By:     /s/ Harmon S. Hardy
                                            ---------------------------
                                            Harmon  S. Hardy, President