Exhibit 21

                                  SUBSIDIARIES
                                  ------------



                                                                 Jurisdiction of
Name                              Ownership                       Incorporation
- ----                              ---------                      ---------------
                                                            
1027226 Ontario Ltd.              100% owned by                 
                                  Aerofin Corporation                 Canada

AP Venture Corp. III              100% owned by
                                  Ampco-Pittsburgh Corporation        Delaware
                                                                
Aerofin Corporation               100% owned by                 
                                  Ampco-Pittsburgh Securities V
                                  Corporation                         New York
                                                                
Ampco NCII Sub, Inc.              100% owned by                 
                                  New Castle Industries, Inc.         Delaware
                                                                
Ampco-Pittsburgh Securities       100% owned by                 
III Corporation                   Ampco-Pittsburgh Corporation        Delaware
                                                                
Ampco-Pittsburgh Securities       100% owned by                 
V Corporation                     Ampco-Pittsburgh Corporation        Delaware
                                                                    
Ampco UES Sub, Inc.               100% owned by                     
                                  Union Electric Steel Corporation    Delaware
                                                                    
Bimex Industries, Inc.            100% owned by                     
                                  Ampco NCII Sub, Inc.                Delaware
                                                                    
Buffalo Air Handling Company      100% owned by                     
                                  Ampco-Pittsburgh Corporation        Delaware
                                                                    
Buffalo Pumps, Inc.               100% owned by                     
                                  Ampco-Pittsburgh Corporation        Delaware
                                                                    
New Castle Industries, Inc.       100% owned by                     
                                  Ampco UES Sub, Inc.                 Pennsylvania
                                                                    
Union Electric Steel Corporation  100% owned by                     
                                  Ampco-Pittsburgh Securities
                                  V Corporation                       Pennsylvania

Union Electric Steel N.V.         100% owned by 1027226  
                                  Ontario Limited                     Belgium


     The financial statements of all subsidiaries have been consolidated with
those of the Corporation.  Names of other subsidiaries have been omitted
because, considered in the aggregate as a single subsidiary, they would not
constitute a significant subsidiary.