<ARTICLE> 5 <CIK> 0000833226 <NAME> CHAPARRAL STEEL COMPANY <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAY-31-1995 <PERIOD-END> AUG-31-1994 <CASH> 7,812 <SECURITIES> 0 <RECEIVABLES> 51,988 <ALLOWANCES> 3,969 <INVENTORY> 100,141 <CURRENT-ASSETS> 170,907 <PP&E> 486,434 <DEPRECIATION> 254,735 <TOTAL-ASSETS> 483,257 <CURRENT-LIABILITIES> 72,629 <BONDS> 111,329 <COMMON> 2,994 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 262,898 <TOTAL-LIABILITY-AND-EQUITY> 483,257 <SALES> 124,382 <TOTAL-REVENUES> 124,382 <CGS> 105,919 <TOTAL-COSTS> 105,919 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 120 <INTEREST-EXPENSE> 3,280 <INCOME-PRETAX> 2,969 <INCOME-TAX> 1,216 <INCOME-CONTINUING> 1,753 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,753 <EPS-PRIMARY> .06 <EPS-DILUTED> .06