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TXI CHAPARRAL HEADLINES

Steel Producers / TXI Chaparral

Latest News:

Chaparral Steel Reports Record Year-End Earnings
Jul. 12, 2007 - Chaparral Steel reports record net income of $80.2 million on net sales of $489 million for the fourth quarter, and record net income of $269.3 million on net sales of $1723 million for the 2007 fiscal year.

Gerdau Ameristeel to Acquire Chaparral Steel
Jul. 11, 2007 - Gerdau Ameristeel signs definitive merger agreement to acquire Chaparral Steel for US$86.00 per share in cash, valuing Chaparral Steel's equity at US$4.22 billion.

Chaparral Steel Initiates Review of Strategic Alternatives
Apr. 26, 2007 - Chaparral Steel’s Board of Directors has initiated a review of strategic alternatives, and has retained Goldman, Sachs & Co. to assist in the review.

Chaparral Steel Reports Record 3rd Quarter Earnings
Mar. 21, 2007 - March 21, 2007 — Chaparral Steel Co. reported record net income of $62.5 million for the third quarter, and record net income of $189.1 million for the nine months ended February 28, 2007.

Chaparral Steel Reports Record Quarterly Earnings
Dec. 20, 2006 - Dec. 20, 2006 — Chaparral Steel Co. reported record net income of $67.5 mil

Chaparral Steel Authorizes Stock Repurchase Program
Oct. 12, 2006 - Oct. 12, 2006 — Chaparral Steel Co.’s Board of Directors has authorized the initiation of a $0.10 per common share quarterly cash dividend. The initial quarterly dividend w

Chaparral Steel Reports Record 1st Quarter Earnings
Sep. 20, 2006 - Sep. 20, 2006 — Chaparral Steel Co. reported record net income of $59.1 million on net sales of $410.6 million for its first quarter ended August 31, 2006.

Chaparral Expands Sheet Piling Product Range
May 16, 2006 -

L.B. Foster and Chaparral Extend Piling Distribution Deal
Apr. 19, 2006 - April 19, 2006 — Pittsburgh-based L.B. Foster Co. recently signed a contract with Chaparral Steel Co. to extend its previous agreement to distribute their extensive line of steel

Chaparral Steel Reports Record 3rd Quarter Earnings
Mar. 22, 2006 - March 22, 2006 — Chaparral Steel Co. reported record net income of $49.2 million on net sales o

TXI Declares Spin-Off of Chaparral Steel
Jul. 8, 2005 - The Texas Industries, Inc. Board of Directors has approved the separation of its wholly-owned steel business, Chaparral Steel Co., from TXI by means of a tax-free stock dividend.

TXI Prices Senior Notes Issued by Chaparral Steel
Jun. 30, 2005 - Texas Industries, Inc. announced that its wholly-owned steel business, Chaparral Steel Co., has priced its $300 million aggregate principal amount senior notes due 2013 at 10%.

AIST Announces 2005-2006 Officers
Jun. 9, 2005 - June 9, 2005 — The Association for Iron & Steel Technology (AIST) announced that Richard E. O’Hara, Director of Procurement and Logistics for Carpenter Specialty Alloys, Reading, Pa, has been elected as the association’s President for 2005-2006. He replaces outgoing President Thomas C. Graham Jr., Vice President, T.C. Graham & Associates, Mason, Ohio.

TXI Reports 3rd Quarter Results, Still Looking to Spin off Steel Operations
Mar. 25, 2005 - Texas Industries, Inc. reported net income of $16.0 million for the quarter ended February 28, 2005.

TXI to Spin Off TXI Chaparral Steel to Shareholders
Dec. 16, 2004 - The Texas Industries, Inc. Board of Directors has approved a plan to spin off its wholly-owned steel business.

TXI Chaparral Completes Automation System Upgrade at Virginia Plant
Dec. 3, 2004 - TXI Chaparral Steel recently completed an upgrade of the automation system at its Virginia facility.

TXI Hires New Vice President and General Counsel
Nov. 4, 2004 - Texas Industries, Inc. recently announced the hiring of Frederick G. Anderson for the position of Vice President and General Counsel, effective November 1, 2004.

TXI Reports 1st Quarter Results
Sep. 24, 2004 - Texas Industries, Inc. reported net income of $35.9 million ($1.51 per share) for the quarter ended August 31, 2004. The same quarter last year showed a loss of $15.7 million ($.74 per share).

TXI Reports Record Steel Profits for 4th Quarter
Jul. 14, 2004 - Texas Industries, Inc. reported net income of $37.6 million on net sales of $519.9 million for the quarter ended May 31, 2004.

TXI Chaparral Steel Virginia Named All Star
Jul. 1, 2004 - TXI Chaparral Steel Virginia received the Community Involvement Award during the All Star Awards ceremony held recently in Richmond, Va.

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