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                                                                     Exhibit 21

                                 HANDY & HARMAN
                      SUBSIDIARIES AS OF DECEMBER 31, 1995



A-1 Sales, Inc.

Alloy Ring Service, Inc.

American Chemical & Refining Company, Incorporated

Camdel Metals Corporation

Con-Ind Limited

Continental Industries, Inc.

Daniel Radiator Corporation

Exxtrusions Corporation

H&H Productions, Inc. (Formerly Greenback Industries, Inc.)

Handy & Harman Automotive Group, Inc.
(Formerly Handy & Harman Radiator Corporation)

Handy & Harman Electronic Materials Corporation
(Formerly New Industrial Techniques, Inc.)

Handy & Harman Envirotech Systems, Ltd.
(Formerly Monico Manufacturing & Supply Co., Inc.)

Handy & Harmon Europe Ltd.

Handy & Harmon of Canada, Limited

Handy & Harmon International, Ltd.

Handy & Harmon International (Korea) Limited

Handy & Harmon Peru, Inc.

Handy & Harmon Tube Company, Inc.

Indiana Tube Corporation

Jackson Industries, Inc.

Jet Tool Company, Inc.
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KJ-VMI Realty, Inc. (Formerly Valley Metals Inc.)

Kontite U.K. Limited

Lexington Tube Co., Inc.

Lucas-Milhaupt, Inc.

Maryland Specialty Wire, Inc.

Micro-Tube Fabricators, Inc.

Northvale Design & Development Company, Inc.

Pal-Rath Realty, Inc. (Formerly Rathbone Corporation)

Platina Laboratories, Inc.

Rigby-Maryland (Stainless), Ltd.

South Windsor Metallurgical, Inc.

Sumco Inc.

U.S. Auto Radiator Manufacturing Corporation

Willing B Wire Corporation

        In addition to the wholly-owned subsidiaries listed above, the Company
has a 5% interest in Mizuno Handy Harman, Ltd. and a 50% interest in Handy &
Harman (Asia), S.A. Handy & Harman (Asia), S.A. owns 100% of Handy & Harman
(HK) Limited and 75% of Handy & Harman Manufacturing (Singapore) Pte. Ltd. The
Company owns 12-1/2% of Handy & Harman Manufacturing (Singapore) Pte. Ltd.

        The Company also has a 1% interest in Ravel Inc., formerly named R.V.L.
Investments, Inc.