JORGENSEN EARLE M CO /DE/
EXHIBIT 10.58
<DOCUMENT>
<TYPE>EX-10.58
<SEQUENCE>4
<FILENAME>a2101827zex-10_58.htm
<DESCRIPTION>EXHIBIT 10.58
<TEXT>
<HTML>
<HEAD>

</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#03MOC1036_3">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="ke1036_exhibit_10.58"> </A>
<A NAME="toc_ke1036_1"> </A>
<BR></FONT><FONT SIZE=2><B>Exhibit&nbsp;10.58    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ke1036_first_amendment_to_the_earle_m__fir04547"> </A>
<A NAME="toc_ke1036_2"> </A>
<BR></FONT><FONT SIZE=2><B>FIRST AMENDMENT<BR>  TO THE<BR>  EARLE M. JORGENSEN<BR>  EMPLOYEE STOCK OWNERSHIP PLAN<BR>  (As Amended and Restated Effective as of April&nbsp;1, 2001)    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>THIS FIRST AMENDMENT</B></FONT><FONT SIZE=2>, by </FONT><FONT SIZE=2><B>EARLE M. JORGENSEN COMPANY</B></FONT><FONT SIZE=2> (the
"Company"), to the Earle M. Jorgensen Employee Stock Ownership Plan (As Amended and Restated Effective as of April&nbsp;1, 2001) (the "Plan") is effective as of January&nbsp;15, 2002 or such other
date as indicated herein. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>WITNESSETH:  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, the Company understands that there may have been some confusion related to the provision of
diversification rights under the Plan and the fact that the ability to diversify ended after a certain period of time; and, </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>WHEREAS</B></FONT><FONT SIZE=2>, in order to rectify the potential problem the Company approved a special additional diversification window for individuals who
previously were eligible to diversify their accounts and who had failed to fully elect such ability to diversify; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>NOW, THEREFORE</B></FONT><FONT SIZE=2>, it is hereby resolved that, effective as of January&nbsp;15, 2002 the Plan is hereby amended to add an additional
diversification election period as follows: </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>I.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;13 of the Plan is hereby amended by adding the following new part&nbsp;(c) at the end as a part thereof: </FONT></P>


<P><FONT SIZE=2>"(c)&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Special Diversification Window.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything contained in the Plan to the contrary, effective
January&nbsp;15, 2002, a Participant who was previously eligible to elect to diversify Post-1986 Shares under part&nbsp;(a) of this Section&nbsp;13 and who did not elect to so
diversify the entire amount eligible for diversification during the six year diversification period applicable to such Participant, shall be permitted to make a one time election to diversify up to
50% of the number of Post-1986 Shares allocated to his Company Stock Account, PAYSOP Account and Matching Account since the inception of the Plan, the Kilsby ESOP, the Republic ESOP or the
ECAP less all shares with respect to which amounts have previously been diversified under part&nbsp;(a) of Section&nbsp;13. Such election must be received by the Plan Administrator no later than
January&nbsp;31, 2002. "Diversification" under this part&nbsp;(c) will be effected by distributing to Participants (in shares of Company Stock, cash or a combination of both, as determined by the
Committee) the portion of their Company Stock Accounts, PAYSOP Accounts and Matching Accounts with respect to which a diversification election set forth herein is made. Any distribution shall occur
within 90&nbsp;days after the election hereunder is made and shall be subject to the provisions of Section&nbsp;14(c). </FONT></P>

<HR NOSHADE>
<!-- ZEQ.=1,SEQ=1,EFW="2101827",CP="EARLE M. JORGENSEN COMPANY",DN="3",CHK=415313,FOLIO='blank',FILE='DISK038:[03MOC6.03MOC1036]KE1036A.;4',USER='VHILL',CD=';6-FEB-2003;13:48' -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>IN WITNESS WHEREOF</B></FONT><FONT SIZE=2>, the Company has caused this First Amendment to be executed by its duly authorized officer as of the day and year first
above written. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2><B>EARLE M. JORGENSEN COMPANY</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="8%"><FONT SIZE=2><BR>
Name:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="8%"><FONT SIZE=2><BR>
Title:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="8%"><FONT SIZE=2><BR>
Date:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE>
<!-- ZEQ.=2,SEQ=2,EFW="2101827",CP="EARLE M. JORGENSEN COMPANY",DN="3",CHK=935096,FOLIO='blank',FILE='DISK038:[03MOC6.03MOC1036]KE1036A.;4',USER='VHILL',CD=';6-FEB-2003;13:48' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="03MOC1036_3">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_ke1036_1">Exhibit 10.58</A></FONT><BR>
</UL>
<FONT SIZE=2><A HREF="#toc_ke1036_2">FIRST AMENDMENT TO THE EARLE M. JORGENSEN EMPLOYEE STOCK OWNERSHIP PLAN (As Amended and Restated Effective as of April 1, 2001)</A></FONT><BR>

<!-- SEQ=,FILE='QUICKLINK',USER=VHILL,SEQ=,EFW="2101827",CP="EARLE M. JORGENSEN COMPANY",DN="3" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
