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

Exhibit 12.1

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

		Predecessor												Successor			Predecessor									Successor			Predecessor						Successor
																				Non-GAAP Combined Twelve Months Ended December 31, 2005												Non-GAAP Combined Three Months Ended March 31, 2005
		Fiscal Year Ended December 31,												Period February 1, 2005 to December 31, 2005			Period January 1, 2005 to January 31, 2005									Period February 1, 2005 to March 31, 2005			Period January 1, 2005 to January 31, 2005
																							Pro Forma Fiscal 2005												Three Months Ended March 31, 2006
		2001			2002			2003			2004
Earnings:
Income (loss) from continuing operations before taxes		$	8,082		$	11,573		$	(8,665	)	$	12,998		$	7,878		$	(10,156	)	$	(2,278	)	$	(1,027	)	$	2,730		$	(10,156	)	$	(7,426	)	$	3,999
Add: Fixed charges			8,935			5,643			7,409			6,932			14,002			567			14,569			18,655			2,413			567			2,980			4,543
Less: Preference securities dividends requirements			(3,745	)		(2,541	)		(4,287	)		(1,769	)		(2,668	)		(234	)		(2,902	)		(2,941	)		(478	)		(234	)		(712	)		(807	)
Total earnings		$	13,272		$	14,675		$	(5,543	)	$	18,161		$	19,212		$	(9,823	)	$	9,389		$	14,687		$	4,665		$	(9,823	)	$	(5,158	)	$	7,735
Fixed charges:
	Interest expense	$	5,148		$	3,004		$	2,962		$	3,644		$	10,194		$	298		$	10,492		$	14,092		$	1,738		$	298		$	2,036		$	3,325
	Amortization of deferred financing costs and discounts on indebtedness		42			98			160			1,519			1,140			35			1,175			1,622			197			35			232			411
	Preference securities dividends requirements		3,745			2,541			4,287			1,769			2,668			234			2,902			2,941			478			234			712			807
Total fixed charges		$	8,935		$	5,643		$	7,409		$	6,932		$	14,002		$	567		$	14,569		$	18,655		$	2,413		$	567		$	2,980		$	4,543
Ratio of earnings to fixed charges(1)			1.49	x		2.60	x		—			2.62	x		1.37	x		—			0.64	x		0.79	x		1.93	x		—			—			1.70	x

(1)

For the purposes of calculating the ratio of earnings to fixed charges, earnings represents pre-tax earnings from continuing operations, plus fixed charges, less preferred dividends. Fixed charges consist of interest expense, amortization of capitalized expenses related to indebtedness, and preferred dividends. For the year ended December 31, 2003, the period January 1, 2005 to January 31, 2005 and the combined twelve months ended December 31, 2005, earnings were not sufficient to cover fixed charges. For the year ended December 31, 2003, the period January 1, 2005 to January 31, 2005 and the combined twelve months ended December 31, 2005, the deficiency was $12,952, $10,390 and $8,138, respectively.