<ARTICLE> 5 <CIK> 0000833226 <NAME> CHAPARRAL STEEL COMPANY <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> MAY-31-1995 <PERIOD-END> NOV-30-1994 <CASH> 11,893 <SECURITIES> 0 <RECEIVABLES> 46,678 <ALLOWANCES> 3,126 <INVENTORY> 102,631 <CURRENT-ASSETS> 169,613 <PP&E> 488,873 <DEPRECIATION> 261,811 <TOTAL-ASSETS> 475,623 <CURRENT-LIABILITIES> 60,573 <BONDS> 111,350 <COMMON> 2,994 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 266,383 <TOTAL-LIABILITY-AND-EQUITY> 475,623 <SALES> 250,655 <TOTAL-REVENUES> 250,655 <CGS> 208,992 <TOTAL-COSTS> 208,992 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 525 <INTEREST-EXPENSE> 6,414 <INCOME-PRETAX> 10,840 <INCOME-TAX> 4,118 <INCOME-CONTINUING> 6,722 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,722 <EPS-PRIMARY> .23 <EPS-DILUTED> .23