Iron Maze updates the Akira Kurosawa Rashomon tale and works it into a story involving the Japanese corporate takeover of a Pennsylvania steel mill. When Junich Sugita (Hiroaki Murakami), the son of a Japanese businessman, is found beaten to death in the steel mill just purchased by the father, the film examines four different points of view as Junich's murder is reconstructed. Barry Mikowski (Jeff Fahey), a steelworker angered by the shutdown of the steel plant, immediately surrenders to local police-chief Jack Ruhle (J.T. Walsh). Barry claims it was self-defense, because Junich attacked him when he found out he was having an affair with his wife Chris (Bridget Fonda). But Chris has her own version of the murder, Junich and Chris's versions are later both heard, and finally a young boy, Mikey (Gabriel Damon), appears with a story of his own that ties up all the loose ends.