SEVENTH AMENDMENT TO AMENDED AND RESTATED
                      REVOLVING LOAN AND SECURITY AGREEMENT

          THIS  SEVENTH  AMENDMENT TO AMENDED AND  RESTATED  REVOLVING  LOAN AND
SECURITY  AGREEMENT (the "Seventh  Amendment") is entered into as of November 1,
2001,  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 definition of "Maximum  Credit" in Section 1 of the Loan
                    Agreement is hereby  amended and restated in its entirety to
                    read as follows:

                    "Maximum Credit" shall mean the amount of $55,000,000.

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

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

               B.   Consent Letter. Borrower and Lender shall have duly executed
                    and delivered that certain  Consent Letter dated November 1,
                    2001, consenting to (i) the release of the security interest
                    in the stock of Engineered Wire Products,  Inc. and (ii) the
                    incurrence of  indebtedness  by Borrower  under that certain
                    Loan Agreement  dated as of November 1, 2001, by and between
                    Borrower, the lenders party thereto and EWP Financial,  LLC,
                    as agent for the lenders.

               C.   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 Seventh Amendment,  Borrower  represents and warrants to Lender,  upon
the  effectiveness  of  this  Seventh  Amendment,   which   representations  and
warranties  shall survive the execution and delivery of this Seventh  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 Seventh
                    Amendment  by Borrower are within its  corporate  powers and
                    have been duly authorized by all necessary corporate action;
                    and

               C.   this  Seventh  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 Seventh 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 Seventh 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  Seventh
                    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  Seventh  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 Seventh Amendment.

               D.   Counterparts.  This Seventh 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  Seventh
                    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 Seventh  Amendment in that
                    jurisdiction or the operation, enforceability or validity of
                    that provision in any other jurisdiction.

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

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<PAGE>



          IN WITNESS  WHEREOF,  the parties  hereto have  executed  this Seventh
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
Seventh  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  Seventh  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  Seventh  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.

                               FV STEEL AND WIRE COMPANY


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