NINTH AMENDMENT TO AMENDED AND RESTATED
                      REVOLVING LOAN AND SECURITY AGREEMENT

     THIS NINTH  AMENDMENT TO AMENDED AND RESTATED  REVOLVING  LOAN AND SECURITY
AGREEMENT  (the  "Amendment")  is entered  into as of January 31,  2002,  by and
between  KEYSTONE   CONSOLIDATED   INDUSTRIES,   INC.,  a  Delaware  corporation
("Borrower"),   and  CONGRESS  FINANCIAL  CORPORATION  (CENTRAL),   an  Illinois
corporation ("Lender"). Except for terms which are expressly defined herein, all
capitalized  terms used herein shall have the meaning  subscribed to them in the
Loan Agreement (as defined below).

                                    RECITALS

     WHEREAS,  Borrower  and Lender  are  parties to that  certain  Amended  and
Restated Revolving Loan and Security Agreement dated as of December 29, 1995 (as
amended,  supplemented  or  otherwise  modified  from  time to time,  the  "Loan
Agreement").

     WHEREAS, Borrower desires to amend the terms of the Loan Agreement.

     WHEREAS,  Lender is  willing to amend the Loan  Agreement  on the terms and
conditions set forth herein.

     NOW,  THEREFORE,  in consideration of the mutual  conditions and agreements
set forth herein, and for other good and valuable consideration, the receipt and
sufficiency  of  which is  hereby  acknowledged,  the  parties  hereto  agree as
follows:

     I. Amendment to the Loan Agreement.

          A. The Term of Agreement in Section 12.1 (a) of the Loan  Agreement is
     hereby amended as follows:

          The first sentence is deleted in its entirety and replaced by:

               "This agreement and the other Financing Agreements shall continue
               in full force and effect for a term  ending on the date  February
               28, 2002 (the "Renewal Date")."

     II.  Conditions to Effectiveness of Amendment.  This Amendment shall become
effective on the date (the "Effective  Date") when Borrower shall satisfy all of
the following conditions:

          A.  Amendment.  Borrower  and  Lender  shall  have duly  executed  and
     delivered this Amendment.

          B.  Additional   Matters.   Lender  shall  have  received  such  other
     certificates, opinions, UCC financing statements, documents and instruments
     relating to the obligations or the transactions  contemplated hereby as may
     have been  reasonably  requested  by Lender,  and all  corporate  and other
     proceedings  and all other  documents  and all legal  matters in connection
     with the transactions  contemplated hereby shall be reasonably satisfactory
     in form and substance to Lender.

     IV. Representations and Warranties. In order to induce Lender to enter into
this  Amendment,   Borrower   represents  and  warrants  to  Lender,   upon  the
effectiveness  of this Amendment,  which  representations  and warranties  shall
survive the execution and delivery of this Amendment, that:

          A. Borrower is a corporation  duly organized,  validly existing and in
     good standing under the laws of the state of its incorporation;

          B. the  execution,  delivery  and  performance  of this  Amendment  by
     Borrower are within its corporate  powers and have been duly  authorized by
     all necessary corporate action; and

          C. this Amendment constitutes a legal, valid and binding obligation of
     Borrower, enforceable against Borrower in accordance with its terms, except
     as enforcement  may be limited by bankruptcy,  insolvency,  reorganization,
     moratorium or similar laws affecting the  enforcement of creditors'  rights
     generally, and by general principles of equity.


     V. Miscellaneous.

          A. Effect; Ratification. The amendments set forth herein are effective
     solely for the purpose set forth  herein and shall be limited  precisely as
     written,  and shall not be  deemed  to (i) be a consent  to any  amendment,
     waiver or modification of any other term or condition of the Loan Agreement
     or of any other Financing  Agreements or (ii) prejudice any right or rights
     that Lender may now have or may have in the future  under or in  connection
     with the Loan Agreement or any other Financing  Agreements.  Each reference
     in the Loan Agreement to "this Agreement",  "herein", "hereof" and words of
     like import and each  reference in the other  Financing  Agreements  to the
     Loan  Agreement  shall  mean the Loan  Agreement  as amended  hereby.  This
     Amendment  shall be  construed in  connection  with and as part of the Loan
     Agreement and all terms, conditions, representations, warranties, covenants
     and  agreements  set forth in the Loan  Agreement and each other  Financing
     Agreement,  except as herein  amended or waived,  are hereby  ratified  and
     confirmed and shall remain in full force and effect.

          B.  Costs and  Expenses.  Borrower  shall pay to Lender on demand  all
     reasonable out-of-pocket costs, expenses, title fees, filing fees and taxes
     paid or payable in connection with the preparation, negotiation, execution,
     delivery, recording,  administration,  collection, liquidation, enforcement
     and defense of the  Obligations,  Lender's rights in the  Collateral,  this
     Amendment, the Loan Agreement, the other Financing Agreements and all other
     documents related hereto or thereto, including any amendments,  supplements
     or consents which may hereafter be  contemplated  (whether or not executed)
     or entered into in respect hereof and thereof,  including,  but not limited
     to: (a) all costs and  expenses of filing or recording  (including  Uniform
     Commercial  Code  financing  statement  filing taxes and fees,  documentary
     taxes,  intangibles taxes and mortgage  recording and title insurance taxes
     and  fees,  if  applicable);  (b)  costs  and  expenses  and fees for title
     insurance and other  insurance  premiums,  environmental  audits,  surveys,
     assessments, engineering reports and inspections, appraisal fees and search
     fees; (c) costs and expenses of remitting loan proceeds,  collecting checks
     and other items of payment;  (d) charges,  fees or expenses  charged by any
     bank or issuer in connection with the Letter of Credit Accommodations;  (e)
     costs and expenses of preserving and protecting the  Collateral;  (f) costs
     and expenses paid or incurred in connection  with obtaining  payment of the
     Obligations,  enforcing the security interests and liens of Lender, selling
     or otherwise  realizing upon the  Collateral,  and otherwise  enforcing the
     provisions of this  Amendment,  the Loan Agreement and the other  Financing
     Agreements  or  defending  any claims  made or  threatened  against  Lender
     arising out of the transactions contemplated hereby and thereby (including,
     without limitation,  preparations for and consultations concerning any such
     matters);  and (g) the fees and  disbursements of counsel  (including legal
     assistants) to Lender in connection with the foregoing.

          C. Certain Waivers;  Release.  Although Borrower does not believe that
     it has any claims  against  Lender,  it is willing to provide Lender with a
     general  and  total  release  of all such  claims in  consideration  of the
     benefits   which  Borrower  will  receive   pursuant  to  this   Amendment.
     Accordingly,  Borrower  for itself and any  successor  of  Borrower  hereby
     knowingly,   voluntarily,   intentionally  and  irrevocably   releases  and
     discharges  Lender  and its  respective  officers,  directors,  agents  and
     counsel  (each a  "Released  Party")  from any and all  actions,  causes of
     action,  suits,  sums  of  money,  accounts,   reckonings,   bonds,  bills,
     specialties,  covenants, contracts,  controversies,  agreements,  promises,
     variances,  trespasses,  damages, judgments,  extents, executions,  losses,
     liabilities,  costs, expenses,  debts, dues, demands,  obligations or other
     claims of any kind whatsoever,  in law, admiralty or equity, which Borrower
     ever had, now has or hereafter  can, shall or may have against any Released
     Party for, upon or by reason of any matter,  cause or thing whatsoever from
     the beginning of the world to the date of this Amendment.

          D.  Counterparts.  This  Amendment  may be  executed  in any number of
     counterparts,  each  such  counterpart  constituting  an  original  but all
     together constituting one and the same instrument.

          E.  Severability.  Any provision  contained in this  Amendment that is
     held to be inoperative, unenforceable or invalid in any jurisdiction shall,
     as to that jurisdiction,  be inoperative,  unenforceable or invalid without
     affecting the remaining  provisions of this Amendment in that  jurisdiction
     or the operation, enforceability or validity of that provision in any other
     jurisdiction.

          F. GOVERNING  LAW. THIS  AMENDMENT  SHALL BE GOVERNED BY AND CONSTRUED
     AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF ILLINOIS.

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<PAGE>


           [Signature Page to Ninth Amendment To Amended And Restated

                     Revolving Loan And Security Agreement]

     IN WITNESS  WHEREOF,  the parties hereto have executed this Amendment as of
the date first above written.


                                  CONGRESS FINANCIAL CORPORATION (CENTRAL)


                                  By
                                      -----------------------------------------
                                  Name:
                                      -----------------------------------------
                                  Title:
                                      -----------------------------------------

                                  KEYSTONE CONSOLIDATED INDUSTRIES, INC.


                                  By
                                    -------------------------------------------
                                  Name:
                                    -------------------------------------------
                                  Title:
                                    -------------------------------------------


<PAGE>





                                     CONSENT

     By Guarantee dated September 27, 1996 (as amended,  the  "Guarantee"),  the
undersigned (the "Guarantor") guaranteed to Lender (as defined therein), subject
to the terms,  conditions and obligations set forth therein,  the prompt payment
and performance of all of the Guaranteed  Obligations (as defined therein).  The
Guarantor  consents to Borrower's  execution of the foregoing Ninth Amendment to
Loan Agreement (the "Amendment;"  capitalized terms not otherwise defined herein
shall have the meaning  ascribed to them in the Amendment) and  acknowledges the
continued  validity,  enforceability  and  effectiveness  of the Guarantee  with
respect to all loans,  advances and  extensions  of credit to Borrower,  whether
heretofore  or  hereafter  made,  together  with all  interests  thereon and all
expenses in connection therewith.

                              SHERMAN WIRE COMPANY


                              By
                                 ----------------------------------------------
                              Name:
                                 ----------------------------------------------
                              Title:
                                 ----------------------------------------------




<PAGE>





                                     CONSENT

     By  Confirmation  Agreement  dated  September  27,  1996,  relating to that
Amendment,  Ratification and  Confirmation of Secured  Guaranty  Agreement dated
December  29,  1995,  relating  to,  among  other  things the  Secured  Guaranty
Agreement  dated  October  16,  1987   (collectively,   the  "Guarantee"),   the
undersigned (the "Guarantor") guaranteed to Lender (as defined therein), subject
to the terms,  conditions and obligations set forth therein,  the prompt payment
and performance of all of the Obligations  (as defined  therein).  The Guarantor
consents to  Borrower's  execution  of the  foregoing  Ninth  Amendment  to Loan
Agreement (the "Amendment;" capitalized terms not otherwise defined herein shall
have  the  meaning  ascribed  to them in the  Amendment)  and  acknowledges  the
continued  validity,  enforceability  and  effectiveness  of the Guarantee  with
respect to all loans,  advances and  extensions  of credit to Borrower,  whether
heretofore  or  hereafter  made,  together  with all  interests  thereon and all
expenses in connection therewith.

                                   SHERMAN WIRE OF CALDWELL, INC.


                                   By
                                      -----------------------------------------
                                   Name:
                                      -----------------------------------------
                                   Title:
                                      -----------------------------------------



<PAGE>


                                     CONSENT

     By  Confirmation  Agreement  dated  September  27,  1996,  relating to that
Guarantee  and  Waiver  and Rider No. 1 to  Guarantee  and  Waiver,  each  dated
December 30, 1993 (as amended,  collectively,  the "Guarantee"), the undersigned
(the  "Guarantor")  guaranteed  to Lender (as defined  therein),  subject to the
terms,  conditions and  obligations  set forth  therein,  the prompt payment and
performance  of all of the  Obligations  (as  defined  therein).  The  Guarantor
consents to  Borrower's  execution  of the  foregoing  Ninth  Amendment  to Loan
Agreement (the "Amendment;" capitalized terms not otherwise defined herein shall
have  the  meaning  ascribed  to them in the  Amendment)  and  acknowledges  the
continued  validity,  enforceability  and  effectiveness  of the Guarantee  with
respect to all loans,  advances and  extensions  of credit to Borrower,  whether
heretofore  or  hereafter  made,  together  with all  interests  thereon and all
expenses in connection therewith.

                                       FOX VALLEY STEEL AND WIRE COMPANY


                                       By
                                         ---------------------------------------
                                       Name:
                                         ---------------------------------------
                                       Title:
                                         ---------------------------------------