EX-21

Exhibit 21

List of Subsidiaries of Olympic Steel, Inc.


Name of Subsidiary	State of Organization		% Ownership

Olympic Steel Lafayette, Inc.		Ohio		100	%
Olympic Steel Minneapolis, Inc.		Minnesota		100	%
Olympic Steel Receivables, Inc.		Delaware		100	%
Olympic Steel Receivables LLC		Delaware		100	%	(a)
Olympic Steel Trading, Inc.		Ohio		100	%
Oly Steel Welding, Inc.		Michigan		100	%
Olympic Steel Iowa, Inc.		Iowa		100	%	(b)
OLP LLC		Michigan		50	%	(c)
G.S.P., LLC		Michigan		49	%	(d)

(a)   Owned 100% by Olympic Steel, Inc. and Olympic Steel Receivables, Inc.

(b)   Owned 100% by Olympic Steel Minneapolis, Inc.

(c)   Owned 50% by Oly Steel Welding, Inc.

(d)   Owned 49% by Oly Steel Welding, Inc.

(a)	Owned 100% by Olympic Steel, Inc. and Olympic Steel Receivables, Inc.

(b)	Owned 100% by Olympic Steel Minneapolis, Inc.

(c)	Owned 50% by Oly Steel Welding, Inc.

(d)	Owned 49% by Oly Steel Welding, Inc.