Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges



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|------------------------------------------- |  | --------------------------------------------- | ---- | - | ----------------------------------------------- | - | ---- | -------------------------- |  | - | -------------------------- | - |  | ----------------------------------------------- | ----- | - | ------------------------------------------------------------- | - | ---- | -------------------------- |  | - | ---- | - |  | - | ----- | -
|                                            |  | Predecessor Company (1) (2)                   |      |   | Successor Company (2)                           |   |      | Successor Company (2)      | 
|                                            |  | Period fromJanuary 1, 2002to October 31, 2002 |      |   | Period fromNovember 1, 2002to December 31, 2002 |   |      | Year endedDecember 31,2003 |  |   | Year endedDecember 31,2004 |   |  | Period fromJanuary 1, 2005
to November 30, 2005 |       |   | Period fromMay 9, 2005 (dateof inception) toDecember 31, 2005 |   |      | Year endedDecember 31,2006 | 
|COMPUTATION OF EARNINGS                     |  |                                               |      |   |                                                 |   |      |                            |  |   |                            |   |  |                                                 |       |   |                                                               |   |      |                            |  |   |      |   |  |   |       |  
|Income (loss) before taxes                  |  | $                                             | 35.3 |   |                                                 | $ | (2.3 | )                          |  | $ | 12.7                       |   |  | $                                               | 167.8 |   |                                                               | $ | 70.2 |                            |  | $ | (3.2 | ) |  | $ | 65.4  |  
|Net interest expense                        |  |                                               | 15.8 |   |                                                 |   | 1.3  |                            |  |   | 5.7                        |   |  |                                                 | 8.4   |   |                                                               |   | 12.0 |                            |  |   | 4.1  |   |  |   | 54.1  |  
|Interest portion of operating lease expense |  |                                               | 5.5  |   |                                                 |   | 0.9  |                            |  |   | 4.8                        |   |  |                                                 | 5.4   |   |                                                               |   | 5.2  |                            |  |   | 0.5  |   |  |   | 6.1   |  
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|Earnings                                    |  | $                                             | 56.6 |   |                                                 | $ | (0.1 | )                          |  | $ | 23.2                       |   |  | $                                               | 181.6 |   |                                                               | $ | 87.4 |                            |  | $ | 1.4  |   |  | $ | 125.6 |  
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|COMPUTATION OF FIXED CHARGES                |  |                                               |      |   |                                                 |   |      |                            |  |   |                            |   |  |                                                 |       |   |                                                               |   |      |                            |  |   |      |   |  |   |       |  
|Net interest expense                        |  | $                                             | 15.8 |   |                                                 | $ | 1.3  |                            |  | $ | 5.7                        |   |  | $                                               | 8.4   |   |                                                               | $ | 12.0 |                            |  | $ | 4.1  |   |  | $ | 54.1  |  
|Capitalized interest                        |  |                                               |     |   |                                                 |   |     |                            |  |   |                           |   |  |                                                 |      |   |                                                               |   |     |                            |  |   |     |   |  |   |      |  
|Interest portion of operating lease expense |  |                                               | 5.5  |   |                                                 |   | 0.9  |                            |  |   | 4.8                        |   |  |                                                 | 5.4   |   |                                                               |   | 5.2  |                            |  |   | 0.5  |   |  |   | 6.1   |  
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|Fixed Charges                               |  | $                                             | 21.3 |   |                                                 | $ | 2.2  |                            |  | $ | 10.5                       |   |  | $                                               | 13.8  |   |                                                               | $ | 17.2 |                            |  | $ | 4.6  |   |  | $ | 60.2  |  
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|RATIO OF EARNINGS TO FIXED CHARGES          |  |                                               | 2.7  | x |                                                 |   |     |                            |  |   | 2.2                        | x |  |                                                 | 13.3  | x |                                                               |   | 5.1  | x                          |  |   | 0.3  | x |  |   | 2.1   | x
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|DEFICIENCY OF EARNINGS TO FIXED CHARGES     |  | $                                             |     |   |                                                 | $ | 2.3  |                            |  | $ |                           |   |  | $                                               |      |   |                                                               | $ |     |                            |  | $ |     |   |  | $ |      |  
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|(1) | We applied Fresh-Start Reporting to our consolidated balance sheet as of October 31, 2002 in accordance with SOP 90-7. Under Fresh-Start Reporting a new
reporting entity is considered to be created and the recorded amounts of assets and liabilities are adjusted to reflect their estimated fair values at the date Fresh-Start Reporting is applied. On October 31, 2002, we emerged from
bankruptcy. As a result of the application of Fresh-Start Reporting, our financial information of any date or for periods after November 1, 2002 is not comparable to our historical financial information before November 1, 2002.
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|(2) | On November 30, 2005, Flag Acquisition Corporation, a wholly owned subsidiary of Flag Intermediate Holdings Corporation which is a wholly owned subsidiary of Metals USA
Holdings Corporation (formerly named Flag Holdings Corporation) acquired Metals USA, Inc. with Metals USA, Inc. being the surviving company. Metals USA Holding Corp., Flag Intermediate Holdings Corporation and Metals USA, Inc. are herein referred to
the Successor Company after the merger on November 30,2005. Metals USA Holdings Corp., Flag Intermediate Holding Corporation and Flag Acquisition Corporation conducted no operations from May 9, 2005 (date of inception) to
November 30, 2005. Metals USA, Inc., prior to the merger, is referred to as the Predecessor Company.
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