EIGHTH AMENDMENT TO AMENDED AND RESTATED
                      REVOLVING LOAN AND SECURITY AGREEMENT

          THIS EIGHTH  AMENDMENT  TO AMENDED  AND  RESTATED  REVOLVING  LOAN AND
SECURITY  AGREEMENT (the "Amendment") is entered into as of December,  31, 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  Term of  Agreement  in  Section  12.1  (a) of the  Loan
                    Agreement is hereby amended as follows:

                    The first four  sentences are deleted in their  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 January 31, 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 Eighth 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 Eighth
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  Eighth  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  Eighth  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:
                                  ---------------------------------------------