Chaparral Steel Co. has completed its offer to exchange its 10% senior notes due 2013, which are registered under the Securities Act of 1933, for outstanding 10% senior notes due 2013, which were issued in a private offering in June 2005.

$300 million (100%) of the aggregate principal amount of its outstanding 10% senior notes due 2013 have been tendered and accepted pursuant to the company's offer to exchange such notes.

Chaparral is the second largest producer of structural steel beams in North America. The company is also a significant supplier of steel bar products as well as a leading North American recycling company.