Edgen Carbon Products Group, L.L.C. S-4/A Registration of securities issued in business combination transactions (amended)

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Exhibit 12.1

EDGEN CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands, except ratios)

		Predecessor																		Successor		Combined
															Three Months Ended March 31, 2004							Three Months Ended March 31, 2005
		Fiscal Year Ended December 31,															Period January 1, 2005 to January 31, 2005			Period February 1, 2005 to March 31, 2005
		2000		2001		2002		2003			2004		2004
													(Pro Forma)									(Pro Forma)
Income(loss) from continuing operations before taxes		$	360	$	8,082	$	11,573	$	(8,665	)	$	12,998	$	7,128	$	1,968	$	(10,156	)	$	2,730	$	(8,083	)
Add:
	Interest expense		5,114		5,148		3,004		2,962			3,644		10,439		695		298			1,738		2,907
	Amortization of deferred financing costs		755		42		98		160			1,519		1,190		28		35			197		296
	Preference securities dividend requirements		3,549		3,745		2,541		4,287			1,769		2,914		330		154			190		387
Income (loss) as adjusted		$	9,778	$	17,017	$	17,216	$	(1,256	)	$	19,930	$	21,671	$	3,021	$	(9,669	)	$	4,855	$	(4,493	)
Fixed charges:
	Interest expense	$	5,114	$	5,148	$	3,004	$	2,962		$	3,644	$	10,439	$	695	$	298		$	1,738	$	2,907
	Amortization of deferred financing costs		755		42		98		160			1,519		1,190		28		35			197		296
	Preference securities dividend requirements		3,549		3,745		2,541		4,287			1,769		2,914		330		154			190		387
Fixed charges		$	9,418	$	8,935	$	5,643	$	7,409		$	6,932	$	14,543	$	1,053	$	487		$	2,125	$	3,590
Ratio of earnings to fixed charges(1)			1.04		1.90		3.05		—			2.88		1.49		2.87		—			2.28		—

(1)

For the year ended December 31, 2003 and the period January 1, 2005 to January 31, 2005, earnings were not sufficient to cover fixed charges. For the year ended December 31, 2003 and the period January 1, 2005 to January 31, 2005, the deficiency was $8,665 and $10,156, respectively. For the pro forma combined three months ended March 31, 2005, earnings were not sufficient to cover fixed charges, with a deficiency of $8,083.

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Exhibit 12.1
EDGEN CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Dollars in thousands, except ratios)