Exhibit 12.1
Reliance Steel & Aluminum Co.
Computation of Ratio of Earnings to Fixed Charges
(In millions of dollars, except ratios)
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| Year Ended December 31, |
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Description |
| 2008 |
| 2009 |
| 2010 |
| 2011 |
| 2012 |
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Ratio of Earnings to Fixed Charges |
| 8.13 |
| 3.00 |
| 4.30 |
| 6.86 |
| 8.08 |
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Earnings Calculation: |
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Additions: |
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Pretax Income (Before Minority Interest and Equity Investees) |
| $766.0 |
| $194.1 |
| $295.8 |
| $509.4 |
| $607.2 |
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Fixed charges |
| 107.3 |
| 97.0 |
| 88.8 |
| 86.7 |
| 85.5 |
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Distributed Income of Equity Investees |
| — |
| 1.1 |
| 0.3 |
| 3.9 |
| 2.9 |
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Subtractions: |
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Minority Interest included in Pretax Income that have not incurred Fixed Charges |
| 0.9 |
| 1.0 |
| 3.5 |
| 5.4 |
| 4.8 |
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Total Earnings |
| $872.4 |
| $291.2 |
| $381.4 |
| $594.6 |
| $690.8 |
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Fixed Charges Calculation: |
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Interest Expensed |
| $82.6 |
| $67.5 |
| $61.2 |
| $59.8 |
| $58.4 |
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Amortized Premiums, Discounts and Capitalized Expenses Related to Indebtedness |
| 2.0 |
| 4.3 |
| 3.5 |
| 3.6 |
| 2.6 |
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Estimated Interest included in Rental Expense |
| 22.7 |
| 25.2 |
| 24.1 |
| 23.3 |
| 24.5 |
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Total Fixed Charges |
| $107.3 |
| $97.0 |
| $88.8 |
| $86.7 |
| $85.5 |
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