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<title>Steel Technologies Inc. Form S-8 Second Nonemployee Director Stock Plan </title>
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    <tr>
        <td valign="top" colspan="2"><p align="center">=============================================================================</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">SECURITIES
        AND EXCHANGE COMMISSION</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">Washington,
        D.C. 20549</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center"><b>FORM
        S-8</b></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">REGISTRATION
        STATEMENT</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">Under</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">THE
        SECURITIES ACT OF 1933</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">STEEL
        TECHNOLOGIES INC.</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center"><font
        size="2">(Exact name of registrant as specified in its
        charter)</font></p>
        </td>
    </tr>
    <tr>
        <td valign="top" width="50%">&nbsp;</td>
        <td valign="top" width="50%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="50%"><p align="center">Kentucky</p>
        </td>
        <td valign="top" width="50%"><p align="center">61-0712014</p>
        </td>
    </tr>
    <tr>
        <td valign="top" width="50%"><p align="center"><font
        size="2">(State or other jurisdiction of <br>
        incorporation or organization)</font></p>
        </td>
        <td valign="top" width="50%"><p align="center"><font
        size="2">(I.R.S. Employer<br>
        Identification No.)</font></p>
        </td>
    </tr>
    <tr>
        <td valign="top" width="50%">&nbsp;</td>
        <td valign="top" width="50%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">15415
        Shelbyville Road</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">Louisville,
        Kentucky 40245</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center"><font
        size="2">(Address of Principal Executive Offices,
        including Zip Code)</font></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">SECOND
        STEEL TECHNOLOGIES INC. <br>
        NONEMPLOYEE DIRECTORS STOCK PLAN</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center"><font
        size="2">(Full title of the plan)</font></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">John M.
        Baumann</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">Secretary
        and General Counsel</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">Steel
        Technologies Inc.</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">15415
        Shelbyville Road</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">Louisville,
        Kentucky 40245</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center"><font
        size="2">(Name and address of agent for service)</font></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">(502)
        245-2110</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center"><font
        size="2">(Telephone number, including area code, of agent
        for service)</font></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CALCULATION
        OF REGISTRATION
        FEE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>
        </td>
    </tr>
</table>
</center></div><div align="center"><center>

<table border="0" cellspacing="0" width="696">
    <tr>
        <td valign="bottom" width="42%"><p align="center"><font
        size="2"><b>Title of securities <br>
        </b><b><u>to be registered</u></b></font></p>
        </td>
        <td valign="bottom" width="16%"><p align="center"><font
        size="2"><b>Amount to be<br>
        </b><b><u>registered</u></b></font></p>
        </td>
        <td valign="bottom" width="14%"><p align="center"><font
        size="2"><b>Proposed<br>
        maximum<br>
        offering price<br>
        </b><b><u>per share(1)</u></b></font></p>
        </td>
        <td valign="bottom" width="15%"><p align="center"><font
        size="2"><b>Proposed<br>
        maximum<br>
        aggregate<br>
        </b><b><u>offering price(1)</u></b></font></p>
        </td>
        <td valign="bottom" width="14%"><p align="center"><font
        size="2"><b>Amount of<br>
        </b><b><u>registration fee</u></b></font></p>
        </td>
    </tr>
    <tr>
        <td valign="bottom" width="42%">Common Stock, no par
        value.........................</td>
        <td valign="bottom" width="16%"><p align="center">25,000
        shares</p>
        </td>
        <td valign="bottom" width="14%"><p align="center">$13.45</p>
        </td>
        <td valign="bottom" width="15%"><p align="center">$336,250.00</p>
        </td>
        <td valign="bottom" width="14%"><p align="center">$31.00</p>
        </td>
    </tr>
    <tr>
        <td valign="bottom" width="42%">Preferred Share Purchase
        Rights (2)...............</td>
        <td valign="bottom" width="16%"><p align="center">None</p>
        </td>
        <td valign="bottom" width="14%"><p align="center">None</p>
        </td>
        <td valign="bottom" width="15%"><p align="center">None</p>
        </td>
        <td valign="bottom" width="14%"><p align="center">None</p>
        </td>
    </tr>
</table>
</center></div><div align="center"><center>

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    <tr>
        <td valign="bottom" colspan="2"><p align="center">________________________________________________________________________________</p>
        </td>
    </tr>
    <tr>
        <td valign="top" width="6%">(1)</td>
        <td valign="top" width="94%">Estimated solely for the
        purpose of calculating the registration fee pursuant to
        Rule 457(h)(1), based upon the average of the high and
        low prices of the Common Stock as reported on The Nasdaq
        Stock Market on July 1, 2002.</td>
    </tr>
    <tr>
        <td valign="top" width="6%">(2)</td>
        <td valign="top" width="94%">Any value attributable to
        the Preferred Share Purchase Rights is reflected in the
        value of the Common Stock. Because no separate
        consideration is paid for the Preferred Share Purchase
        Rights, the registration fee for such securities is
        included in the fee for the Common Stock.</td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center">===========================================================================</p>
        </td>
    </tr>
</table>
</center></div>

<p>&nbsp;</p>

<hr>

<p>&nbsp;</p>
<div align="center"><center>

<table border="0" cellspacing="0" width="638">
    <tr>
        <td valign="top" colspan="6"><p align="center"><b>PART II</b></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="6"><p align="center"><b>INFORMATION
        REQUIRED IN THE REGISTRATION STATEMENT</b></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="3" width="11%"><b>Item 3. </b></td>
        <td valign="top" colspan="3" width="89%"><b>Incorporation
        of Documents by Reference.</b></td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
        following documents, which have been filed by Steel
        Technologies Inc. (the &quot;Registrant&quot;) with the
        Securities and Exchange Commission pursuant to the
        Securities Exchange Act of 1934, as amended (the
        &quot;Exchange Act&quot;), are incorporated in this
        registration statement by reference and made a part
        hereof:</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="8%">1.</td>
        <td valign="top" colspan="5" width="92%">The Registrant's
        annual report on Form 10-K for the fiscal year ended
        September 30, 2001.</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="8%">2.</td>
        <td valign="top" colspan="5" width="92%">The Registrant's
        quarterly reports on Form 10-Q for the quarters ended
        December 31, 2001 and March 31, 2002.</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="8%">3.</td>
        <td valign="top" colspan="5" width="92%">The Registrant's
        registration statement on Form 8-A dated December 10,
        1985.</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="8%">4.</td>
        <td valign="top" colspan="5" width="92%">The Registrant's
        registration statement on Form 8-A dated May 12, 1998.</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
        documents filed by the Registrant pursuant to Sections
        13(a), 13(c), 14 or 15(d) of the Exchange Act after the
        effective date of this registration statement and prior
        to the filing of a post-effective amendment which
        indicates that all securities offered hereby have been
        sold or which deregisters all securities then remaining
        unsold shall be deemed to be incorporated by reference in
        this registration statement and to be a part hereof from
        the date of filing of such documents. Any statement
        contained in a document incorporated by reference herein
        shall be deemed to be modified or superseded for purposes
        of this registration statement to the extent that a
        statement contained herein modifies or supersedes such
        statement. Any such statement so modified or superseded
        shall not be deemed, except as so modified or superseded,
        to constitute a part of this registration statement.</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="3" width="11%"><b>Item 4. </b></td>
        <td valign="top" colspan="3" width="89%"><b>Description
        of Securities.</b></td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
        applicable.</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="3" width="11%"><b>Item 5. </b></td>
        <td valign="top" colspan="3" width="89%"><b>Interests of
        Named Experts and Counsel.</b></td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
        legality of the securities offered hereby has been passed
        upon for the Registrant by Stites &amp; Harbison, PLLC,
        Louisville, Kentucky. William E. Hellmann, a member of
        Stites &amp; Harbison, PLLC, is a director of the
        Registrant.</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="3" width="11%"><b>Item 6. </b></td>
        <td valign="top" colspan="3" width="89%"><b>Indemnification
        of Directors and Officers.</b></td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
        271B.8-510 of the Kentucky Revised Statutes empowers a
        Kentucky corporation to indemnify an individual
        (including his estate or personal representative) who
        was, is or is threatened to be made a party to a
        threatened, pending or completed action, suit or
        proceeding, whether civil, criminal, administrative or
        investigative, and whether formal or informal, because he
        is or was a director against liability incurred in the
        proceeding if: (i) he conducted himself in good faith;
        (ii) he reasonably believed, in the case of conduct in
        his official capacity with the corporation, that his
        conduct was in its best interests and, in all other
        cases, that his conduct was at least not opposed to its
        best interests; and (iii) in the case of any criminal
        proceeding, he had no reasonable cause to believe his
        conduct was unlawful. Indemnification may be made against
        the obligation to pay a judgment, settlement, penalty,
        fine or reasonable expenses (including counsel fees)
        incurred with respect to a proceeding, except that if the
        proceeding was by or in the right of the corporation,
        indemnification may be made only against reasonable
        expenses. Pursuant to Section 271B.8-530, a corporation
        may pay for or reimburse the reasonable expenses incurred
        by a director in advance of final disposition of the
        proceeding if (i) the director affirms to the corporation
        in writing his good faith belief that he has met the
        standard of conduct required for indemnification; (ii)
        the director undertakes the personal obligation to repay
        such advance upon an ultimate determination that he
        failed to meet such standard of conduct; and (iii) the
        corporation determines that the facts then known to those
        making the determination would not preclude
        indemnification.</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
        corporation may not indemnify a director under KRS
        271B.8-510 in connection with a proceeding by or in the
        right of the corporation in which the director was
        adjudged liable to the corporation or in connection with
        any other proceeding charging improper personal benefit
        to him, whether or not involving action in his official
        capacity, in which he was adjudged liable on the basis
        that personal benefit was improperly received by him.
        Unless limited by the articles of incorporation, a
        director who has been wholly successful, on the merits or
        otherwise, in the defense of any proceeding to which he
        was a party because he is or was a director of the
        corporation is entitled to indemnification against
        reasonable expenses incurred by him in connection with
        the proceeding. Unless limited by its articles of
        incorporation, a Kentucky corporation may indemnify and
        advance expenses to an officer, employee or agent of the
        corporation to the same extent that it may indemnify and
        advance expenses to directors.</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
        indemnification provided by or granted pursuant to
        Section 271B.8-510 is not exclusive of any rights to
        which those seeking indemnification may otherwise be
        entitled. Section 271B.8-570 empowers a Kentucky
        corporation to purchase and maintain insurance on behalf
        of its directors, officers, employees or agents of the
        corporation, whether or not the corporation would have
        the power under Sections 271B.8-510 or 271B.8-520 to
        indemnify them against such liability. The Registrant has
        purchased and maintains directors' and officers'
        liability insurance. The Registrant has also entered into
        an agreement with each of its directors which requires
        the Registrant to indemnify the director to the extent
        permitted by Kentucky law.</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article
        VI of the Registrant's Restated Articles of
        Incorporation, as amended, and the Registrant's Amended
        By-Laws require the Registrant to indemnify its directors
        and officers upon a determination that indemnification is
        permissible under the circumstances.</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="3" width="11%"><b>Item 7. </b></td>
        <td valign="top" colspan="3" width="89%"><b>Exemption
        from Registration Claimed.</b></td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
        applicable.</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="3" width="11%"><b>Item 8. </b></td>
        <td valign="top" colspan="3" width="89%"><b>Exhibits.</b></td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
        following exhibits are filed as part of this registration
        statement:</td>
    </tr>
    <tr>
        <td valign="top" colspan="6">&nbsp;</td>
    </tr>
    <tr>
        <td valign="bottom" colspan="2" width="9%">&nbsp;</td>
        <td valign="bottom" colspan="2" width="11%"><p
        align="center"><b>Exhibit<br>
        </b><b><u>Number</u></b></p>
        </td>
        <td valign="bottom" width="8%">&nbsp;</td>
        <td valign="bottom" width="73%"><p align="center"><b><u>Description
        of Exhibits</u></b></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="9%">&nbsp;</td>
        <td valign="top" colspan="2" width="11%">&nbsp;</td>
        <td valign="top" width="8%">&nbsp;</td>
        <td valign="top" width="73%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="9%">&nbsp;</td>
        <td valign="top" colspan="2" width="11%"><p
        align="center">4.1</p>
        </td>
        <td valign="top" width="8%"><p align="center">--</p>
        </td>
        <td valign="top" width="73%">Second Restated Articles of
        Incorporation of the Registrant (incorporated herein by
        reference to exhibit 3.1 filed with the Company's Annual
        Report on Form 10-K (file no. 0-14061) for the fiscal
        year ended September 30, 2000)</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="9%">&nbsp;</td>
        <td valign="top" colspan="2" width="11%">&nbsp;</td>
        <td valign="top" width="8%">&nbsp;</td>
        <td valign="top" width="73%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="9%">&nbsp;</td>
        <td valign="top" colspan="2" width="11%"><p
        align="center">4.2</p>
        </td>
        <td valign="top" width="8%"><p align="center">--</p>
        </td>
        <td valign="top" width="73%">Second Amended By-Laws of
        the Registrant (incorporated herein by reference to
        exhibit 3.2 filed with the Company's Annual Report on
        Form 10-K (file no. 0-14061) for the fiscal year ended
        September 30, 2000)</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="9%">&nbsp;</td>
        <td valign="top" colspan="2" width="11%">&nbsp;</td>
        <td valign="top" width="8%">&nbsp;</td>
        <td valign="top" width="73%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="9%">&nbsp;</td>
        <td valign="top" colspan="2" width="11%"><p
        align="center">4.3</p>
        </td>
        <td valign="top" width="8%"><p align="center">--</p>
        </td>
        <td valign="top" width="73%">Rights Agreement, dated as
        of April 24, 1998, between Steel Technologies Inc. and
        First Chicago Trust Company of New York, as Rights Agent,
        which includes as Exhibit A the form of Third Articles of
        Amendment to the Restated Articles of Incorporation, as
        Exhibit B the form of Rights Certificate and as Exhibit C
        a Summary of the Rights (incorporated herein by reference
        to exhibit 1 filed with the Company's registration
        statement on Form 8-A (file no. 0-14061) dated May 12,
        1998)</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="9%">&nbsp;</td>
        <td valign="top" colspan="2" width="11%">&nbsp;</td>
        <td valign="top" width="8%">&nbsp;</td>
        <td valign="top" width="73%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="9%">&nbsp;</td>
        <td valign="top" colspan="2" width="11%"><p
        align="center">5.1</p>
        </td>
        <td valign="top" width="8%"><p align="center">--</p>
        </td>
        <td valign="top" width="73%">Opinion and consent of
        Stites &amp; Harbison, PLLC</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="9%">&nbsp;</td>
        <td valign="top" colspan="2" width="11%">&nbsp;</td>
        <td valign="top" width="8%">&nbsp;</td>
        <td valign="top" width="73%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="9%">&nbsp;</td>
        <td valign="top" colspan="2" width="11%"><p
        align="center">23.1</p>
        </td>
        <td valign="top" width="8%"><p align="center">--</p>
        </td>
        <td valign="top" width="73%">Consent of Stites &amp;
        Harbison, PLLC (included in Exhibit 5.1)</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="9%">&nbsp;</td>
        <td valign="top" colspan="2" width="11%">&nbsp;</td>
        <td valign="top" width="8%">&nbsp;</td>
        <td valign="top" width="73%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="9%">&nbsp;</td>
        <td valign="top" colspan="2" width="11%"><p
        align="center">23.2</p>
        </td>
        <td valign="top" width="8%"><p align="center">--</p>
        </td>
        <td valign="top" width="73%">Consent of
        PricewaterhouseCoopers LLP</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="9%">&nbsp;</td>
        <td valign="top" colspan="2" width="11%">&nbsp;</td>
        <td valign="top" width="8%">&nbsp;</td>
        <td valign="top" width="73%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="9%">&nbsp;</td>
        <td valign="top" colspan="2" width="11%"><p
        align="center">24.1</p>
        </td>
        <td valign="top" width="8%"><p align="center">--</p>
        </td>
        <td valign="top" width="73%">Powers of attorney </td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="9%">&nbsp;</td>
        <td valign="top" colspan="2" width="11%">&nbsp;</td>
        <td valign="top" width="8%">&nbsp;</td>
        <td valign="top" width="73%">&nbsp;</td>
    </tr>
</table>
</center></div><div align="center"><center>

<table border="0" cellspacing="0" width="638">
    <tr>
        <td valign="top" width="11%"><b>Item 9. </b></td>
        <td valign="top" colspan="2" width="89%"><b>Undertakings.</b></td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
        undersigned Registrant hereby undertakes:</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
        file, during any period in which offers or sales are
        being made, a post-effective amendment to this
        registration statement:</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="16%">&nbsp;</td>
        <td valign="top" width="84%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
        include any prospectus required by Section 10(a)(3) of
        the Securities Act of 1933, as amended (the
        &quot;Act&quot;);</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="16%">&nbsp;</td>
        <td valign="top" width="84%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
        reflect in the prospectus any facts or events arising
        after the effective date of the registration statement
        (or the most recent post-effective amendment thereof)
        which, individually or in the aggregate, represent a
        fundamental change in the information set forth in the
        registration statement; and</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2" width="16%">&nbsp;</td>
        <td valign="top" width="84%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
        include any material information with respect to the plan
        of distribution not previously disclosed in the
        registration statement or any material change to such
        information in the registration statement;</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">provided, however, that the
        undertakings set forth in paragraphs (a) and (b) above do
        not apply if the information required to be included in a
        post-effective amendment by those paragraphs is contained
        in periodic reports filed by the Registrant pursuant to
        Section 13 or 15(d) of the Exchange Act that are
        incorporated by reference in this registration statement.</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That,
        for the purpose of determining any liability under the
        Act, each such post-effective amendment shall be deemed
        to be a new registration statement relating to the
        securities offered herein, and the offering of such
        securities at that time shall be deemed to be the initial
        bona fide offering thereof.</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
        remove from registration by means of a post-effective
        amendment any of the securities being registered which
        remain unsold at the termination of the offering.</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That,
        for purposes of determining any liability under the Act,
        each filing of the Registrant's annual report pursuant to
        Section 13(a) or Section 15(d) of the Exchange Act that
        is incorporated by reference in this registration
        statement shall be deemed to be a new registration
        statement relating to the securities offered herein, and
        the offering of such securities at that time shall be
        deemed to be the initial bona fide offering thereof.</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar
        as indemnification for liabilities arising under the Act
        may be permitted to directors, officers and controlling
        persons of the Registrant, the Registrant has been
        advised that in the opinion of the Securities and
        Exchange Commission such indemnification is against
        public policy as expressed in the Act and is, therefore,
        unenforceable. In the event that a claim for
        indemnification against such liabilities (other than the
        payment by the Registrant of expenses incurred or paid by
        a director, officer or controlling person of the
        Registrant in the successful defense of any action, suit
        or proceeding) is asserted by such director, officer or
        controlling person in connection with the securities
        being registered, the Registrant will, unless in the
        opinion of its counsel the matter has been settled by
        controlling precedent, submit to a court of appropriate
        jurisdiction the question whether such indemnification by
        it is against public policy as expressed in the Act and
        will be governed by the final adjudication of such issue.</td>
    </tr>
</table>
</center></div>

<p>&nbsp;</p>

<hr>

<p>&nbsp;</p>
<div align="center"><center>

<table border="0" cellspacing="0" width="638">
    <tr>
        <td valign="top" colspan="2"><p align="center"><b>SIGNATURES</b></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
        to the requirements of the Securities Act of 1933, the
        registrant certifies that it has reasonable grounds to
        believe that it meets all of the requirements for filing
        on Form S-8 and has duly caused this Registration
        Statement to be signed on its behalf by the undersigned,
        thereunto duly authorized, in the City of Louisville,
        Commonwealth of Kentucky, on the 14th day of June, 2002.</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="50%">&nbsp;</td>
        <td valign="top" width="50%">STEEL TECHNOLOGIES INC.</td>
    </tr>
    <tr>
        <td valign="top" width="50%">&nbsp;</td>
        <td valign="top" width="50%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="50%">&nbsp;</td>
        <td valign="top" width="50%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="50%">&nbsp;</td>
        <td valign="top" width="50%">By: <u>/s/ Bradford T.
        Ray&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    </tr>
    <tr>
        <td valign="top" width="50%">&nbsp;</td>
        <td valign="top" width="50%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bradford
        T. Ray<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chairman of the
        Board</td>
    </tr>
</table>
</center></div><div align="center"><center>

<table border="0" cellpadding="7" cellspacing="0" width="637">
    <tr>
        <td valign="top" width="41%"><p align="center"><b><u>Signature</u></b></p>
        </td>
        <td valign="top" width="36%"><p align="center"><b><u>Title</u></b></p>
        </td>
        <td valign="top" width="24%"><p align="center"><b><u>Date</u></b></p>
        </td>
    </tr>
    <tr>
        <td valign="top" width="41%">&nbsp;</td>
        <td valign="top" width="36%">&nbsp;</td>
        <td valign="top" width="24%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="41%"><u>/s/ Bradford T.
        Ray&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        </u>Bradford T. Ray</td>
        <td valign="top" width="36%">Chairman of the Board of
        Directors and Chief Executive Officer (Principal
        Executive Officer) </td>
        <td valign="top" width="24%">June 14, 2002</td>
    </tr>
    <tr>
        <td valign="top" width="41%">&nbsp;</td>
        <td valign="top" width="36%">&nbsp;</td>
        <td valign="top" width="24%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="41%"><u>Joseph P. Bellino
        *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        </u>Joseph P. Bellino</td>
        <td valign="top" width="36%">Director, Chief Financial
        Officer and Treasurer (Principal Financial and Accounting
        Officer)</td>
        <td valign="top" width="24%">June 14, 2002</td>
    </tr>
    <tr>
        <td valign="top" width="41%">&nbsp;</td>
        <td valign="top" width="36%">&nbsp;</td>
        <td valign="top" width="24%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="41%"><u>Michael J. Carroll
        *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        </u>Michael J. Carroll</td>
        <td valign="top" width="36%">Director, President and
        Chief Operating Officer</td>
        <td valign="top" width="24%">June 14, 2002</td>
    </tr>
    <tr>
        <td valign="top" width="41%">&nbsp;</td>
        <td valign="top" width="36%">&nbsp;</td>
        <td valign="top" width="24%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="41%"><u>Howard F. Bates, Jr. *
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        </u>Howard F. Bates, Jr.</td>
        <td valign="top" width="36%">Director and Vice President
        - Technical Services</td>
        <td valign="top" width="24%">June 14, 2002</td>
    </tr>
    <tr>
        <td valign="top" width="41%">&nbsp;</td>
        <td valign="top" width="36%">&nbsp;</td>
        <td valign="top" width="24%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="41%"><u>Merwin J. Ray
        *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        </u>Merwin J. Ray</td>
        <td valign="top" width="36%">Director</td>
        <td valign="top" width="24%">June 14, 2002</td>
    </tr>
    <tr>
        <td valign="top" width="41%">&nbsp;</td>
        <td valign="top" width="36%">&nbsp;</td>
        <td valign="top" width="24%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="41%"><u>Ralph W. McIntyre
        *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        </u>Ralph W. McIntyre</td>
        <td valign="top" width="36%">Director</td>
        <td valign="top" width="24%">June 14, 2002</td>
    </tr>
    <tr>
        <td valign="top" width="41%">&nbsp;</td>
        <td valign="top" width="36%">&nbsp;</td>
        <td valign="top" width="24%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="41%"><u>William E. Hellmann
        *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        </u>William E. Hellmann</td>
        <td valign="top" width="36%">Director</td>
        <td valign="top" width="24%">June 14, 2002</td>
    </tr>
    <tr>
        <td valign="top" width="41%">&nbsp;</td>
        <td valign="top" width="36%">&nbsp;</td>
        <td valign="top" width="24%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="41%"><u>Jimmy Dan Conner
        *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        </u>Jimmy Dan Conner</td>
        <td valign="top" width="36%">Director</td>
        <td valign="top" width="24%">June 14, 2002</td>
    </tr>
    <tr>
        <td valign="top" width="41%">&nbsp;</td>
        <td valign="top" width="36%">&nbsp;</td>
        <td valign="top" width="24%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="41%"><u>Andrew J. Payton
        *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        </u>Andrew J. Payton</td>
        <td valign="top" width="36%">Director</td>
        <td valign="top" width="24%">June 14, 2002</td>
    </tr>
    <tr>
        <td valign="top" width="41%">&nbsp;</td>
        <td valign="top" width="36%">&nbsp;</td>
        <td valign="top" width="24%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="41%"><u>Doug A. Bawel
        *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        </u>Doug A. Bawel</td>
        <td valign="top" width="36%">Director</td>
        <td valign="top" width="24%">June 14, 2002</td>
    </tr>
    <tr>
        <td valign="top" width="41%">&nbsp;</td>
        <td valign="top" width="36%">&nbsp;</td>
        <td valign="top" width="24%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="41%"><u>Stuart N. Ray
        *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        </u>Stuart N. Ray</td>
        <td valign="top" width="36%">Director</td>
        <td valign="top" width="24%">June 14, 2002</td>
    </tr>
    <tr>
        <td valign="top" width="41%">&nbsp;</td>
        <td valign="top" width="36%">&nbsp;</td>
        <td valign="top" width="24%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="41%">&nbsp;</td>
        <td valign="top" width="36%">&nbsp;</td>
        <td valign="top" width="24%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="41%">*By: <u>/s/ John M.
        Baumann&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        </u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John
        M. Baumann<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attorney-in-Fact</td>
        <td valign="top" width="36%">&nbsp;</td>
        <td valign="top" width="24%">&nbsp;</td>
    </tr>
</table>
</center></div>

<p>&nbsp;</p>

<hr>

<p>&nbsp;</p>
<div align="center"><center>

<table border="0" cellspacing="0" width="638">
    <tr>
        <td valign="bottom" colspan="4"><p align="center"><b>INDEX
        TO EXHIBITS</b></p>
        </td>
    </tr>
    <tr>
        <td valign="bottom" width="9%">&nbsp;</td>
        <td valign="bottom" width="11%">&nbsp;</td>
        <td valign="bottom" width="8%">&nbsp;</td>
        <td valign="bottom" width="73%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="bottom" width="9%">&nbsp;</td>
        <td valign="bottom" width="11%"><p align="center"><b>Exhibit<br>
        </b><b><u>Number</u></b></p>
        </td>
        <td valign="bottom" width="8%">&nbsp;</td>
        <td valign="bottom" width="73%"><p align="center"><b><u>Description
        of Exhibits</u></b></p>
        </td>
    </tr>
    <tr>
        <td valign="top" width="9%">&nbsp;</td>
        <td valign="top" width="11%">&nbsp;</td>
        <td valign="top" width="8%">&nbsp;</td>
        <td valign="top" width="73%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="9%">&nbsp;</td>
        <td valign="top" width="11%"><p align="center">4.1</p>
        </td>
        <td valign="top" width="8%"><p align="center">--</p>
        </td>
        <td valign="top" width="73%">Second Restated Articles of
        Incorporation of the Registrant (incorporated herein by
        reference to exhibit 3.1 filed with the Company's Annual
        Report on Form 10-K (file no. 0-14061) for the fiscal
        year ended September 30, 2000)</td>
    </tr>
    <tr>
        <td valign="top" width="9%">&nbsp;</td>
        <td valign="top" width="11%">&nbsp;</td>
        <td valign="top" width="8%">&nbsp;</td>
        <td valign="top" width="73%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="9%">&nbsp;</td>
        <td valign="top" width="11%"><p align="center">4.2</p>
        </td>
        <td valign="top" width="8%"><p align="center">--</p>
        </td>
        <td valign="top" width="73%">Second Amended By-Laws of
        the Registrant (incorporated herein by reference to
        exhibit 3.2 filed with the Company's Annual Report on
        Form 10-K (file no. 0-14061) for the fiscal year ended
        September 30, 2000)</td>
    </tr>
    <tr>
        <td valign="top" width="9%">&nbsp;</td>
        <td valign="top" width="11%">&nbsp;</td>
        <td valign="top" width="8%">&nbsp;</td>
        <td valign="top" width="73%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="9%">&nbsp;</td>
        <td valign="top" width="11%"><p align="center">4.3</p>
        </td>
        <td valign="top" width="8%"><p align="center">--</p>
        </td>
        <td valign="top" width="73%">Rights Agreement, dated as
        of April 24, 1998, between Steel Technologies Inc. and
        First Chicago Trust Company of New York, as Rights Agent,
        which includes as Exhibit A the form of Third Articles of
        Amendment to the Restated Articles of Incorporation, as
        Exhibit B the form of Rights Certificate and as Exhibit C
        a Summary of the Rights (incorporated herein by reference
        to exhibit 1 filed with the Company's registration
        statement on Form 8-A (file no. 0-14061) dated May 12,
        1998)</td>
    </tr>
    <tr>
        <td valign="top" width="9%">&nbsp;</td>
        <td valign="top" width="11%">&nbsp;</td>
        <td valign="top" width="8%">&nbsp;</td>
        <td valign="top" width="73%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="9%">&nbsp;</td>
        <td valign="top" width="11%"><p align="center">5.1</p>
        </td>
        <td valign="top" width="8%"><p align="center">--</p>
        </td>
        <td valign="top" width="73%">Opinion and consent of
        Stites &amp; Harbison, PLLC</td>
    </tr>
    <tr>
        <td valign="top" width="9%">&nbsp;</td>
        <td valign="top" width="11%">&nbsp;</td>
        <td valign="top" width="8%">&nbsp;</td>
        <td valign="top" width="73%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="9%">&nbsp;</td>
        <td valign="top" width="11%"><p align="center">23.1</p>
        </td>
        <td valign="top" width="8%"><p align="center">--</p>
        </td>
        <td valign="top" width="73%">Consent of Stites &amp;
        Harbison, PLLC (included in Exhibit 5.1)</td>
    </tr>
    <tr>
        <td valign="top" width="9%">&nbsp;</td>
        <td valign="top" width="11%">&nbsp;</td>
        <td valign="top" width="8%">&nbsp;</td>
        <td valign="top" width="73%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="9%">&nbsp;</td>
        <td valign="top" width="11%"><p align="center">23.2</p>
        </td>
        <td valign="top" width="8%"><p align="center">--</p>
        </td>
        <td valign="top" width="73%">Consent of
        PricewaterhouseCoopers LLP</td>
    </tr>
    <tr>
        <td valign="top" width="9%">&nbsp;</td>
        <td valign="top" width="11%">&nbsp;</td>
        <td valign="top" width="8%">&nbsp;</td>
        <td valign="top" width="73%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="9%">&nbsp;</td>
        <td valign="top" width="11%"><p align="center">24.1</p>
        </td>
        <td valign="top" width="8%"><p align="center">--</p>
        </td>
        <td valign="top" width="73%">Powers of attorney </td>
    </tr>
</table>
</center></div>

<p>&nbsp;</p>

<hr>

<p align="center">&nbsp;</p>
<div align="center"><center>

<table border="0" cellspacing="0" width="638">
    <tr>
        <td valign="top" colspan="2"><p align="center"><font
        size="3"><strong>STITES &amp; HARBISON, PLLC</strong></font></p>
        </td>
    </tr>
    <tr>
        <td colspan="2"><p align="center">400 West Market Street,
        Suite 1800</p>
        </td>
    </tr>
    <tr>
        <td colspan="2"><p align="center">Louisville, Kentucky
        40202-3352</p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2"><p align="center"><font
        size="3">Telephone: (502) 587-3400</font></p>
        </td>
    </tr>
    <tr>
        <td colspan="2"><p align="center">Facsimile: (502)
        587-6391</p>
        </td>
    </tr>
    <tr>
        <td colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td colspan="2">July 2, 2002</td>
    </tr>
    <tr>
        <td colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td colspan="2">Steel Technologies Inc.</td>
    </tr>
    <tr>
        <td colspan="2">15415 Shelbyville Road</td>
    </tr>
    <tr>
        <td colspan="2">Louisville, Kentucky 40245</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">RE:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second
        Nonemployee Directors Stock Plan<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Registration
        Statement on Form
        S-8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">Gentlemen:</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">We have acted as counsel for
        Steel Technologies Inc. (the &quot;Company&quot;) in
        connection with the preparation and filing of a
        registration statement on Form S-8 (the
        &quot;Registration Statement&quot;), relating to the
        registration by the Company under the Securities Act of
        1933, as amended (the &quot;Act&quot;), of up to 25,000
        shares of the Company's common stock, no par value (the
        &quot;Common Stock&quot;), and the related Preferred
        Share Purchase Rights to be issued by the Company from
        time to time pursuant to the Company's Second Nonemployee
        Directors Stock Plan (the &quot;Plan&quot;).</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">In connection with this
        opinion, we have considered such matters of law and
        examined the originals or copies, certified or otherwise
        identified to our satisfaction, of such documents and
        corporate and other records and have obtained such
        certificates, letters, representations and information
        from the officers, directors and employees of the Company
        and from others as we have deemed necessary or
        appropriate to enable us to render the opinions expressed
        herein.</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">Based upon and in reliance
        upon the foregoing, and subject to the qualifications and
        assumptions set forth below, it is our opinion that, when
        (a) the Registration Statement has become effective in
        accordance with the Act and the Rules and Regulations
        thereunder and the provisions of such state securities or
        &quot;blue sky&quot; laws as may be applicable have been
        complied with, and (b) the Common Stock has been duly
        issued and delivered in accordance with the terms and
        conditions of the Plan, the Common Stock to be issued by
        the Company will be legally issued, fully paid and
        nonassessable.</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">Our opinion is limited by
        and subject to the following:</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
        rendering our opinion we have assumed that, at the time
        of each issuance and sale of the Common Stock, the
        Company will be a corporation validly existing under the
        laws of the Commonwealth of Kentucky.</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
        our examination of all documents, certificates and
        records, we have assumed without investigation the
        authenticity and completeness of all documents submitted
        to us as originals, the conformity to the originals of
        all documents submitted to us as copies and the
        authenticity and completeness of the originals of all
        documents submitted to us as copies. We have also assumed
        the genuineness of all signatures, the legal capacity of
        natural persons, the authority of all persons executing
        documents on behalf of the parties thereto other than the
        Company, and the due authorization, execution and
        delivery of all documents by the parties thereto other
        than the Company.</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
        opinion is based solely on and limited to the laws of the
        Commonwealth of Kentucky and the federal laws of the
        United States of America. We express no opinion as to the
        laws of any other jurisdiction.</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">We hereby consent to the
        filing of this opinion as an exhibit to the Registration
        Statement.</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="50%">&nbsp;</td>
        <td valign="top" width="50%">Yours very truly,</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="50%">&nbsp;</td>
        <td valign="top" width="50%">STITES &amp; HARBISON, PLLC</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">CCB:plh</td>
    </tr>
</table>
</center></div>

<p align="left">&nbsp;</p>

<hr>

<p align="left">&nbsp;</p>
<div align="center"><center>

<table border="0" cellspacing="0" width="638">
    <tr>
        <td valign="top"><p align="center"><b>CONSENT OF
        INDEPENDENT ACCOUNTANTS</b></p>
        </td>
    </tr>
    <tr>
        <td valign="top">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top">We hereby consent to the incorporation
        by reference in this Registration Statement on Form S-8
        of our report dated October 29, 2001 relating to the
        consolidated financial statements, which appears in the
        2001 Annual Report to Shareholders of Steel Technologies
        Inc., which is incorporated by reference in Steel
        Technologies Inc.'s Annual Report on Form 10-K for the
        year ended September 30, 2001. We also consent to the
        incorporation by reference of our report dated October
        29, 2001 relating to the consolidated financial statement
        schedule, which appears in such Annual Report on Form
        10-K. </td>
    </tr>
    <tr>
        <td valign="top">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top">PricewaterhouseCoopers LLP</td>
    </tr>
    <tr>
        <td valign="top">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top">Louisville, Kentucky</td>
    </tr>
    <tr>
        <td valign="top">June 24, 2002</td>
    </tr>
    <tr>
        <td valign="top">&nbsp;</td>
    </tr>
</table>
</center></div>

<p align="left">&nbsp;</p>

<hr>

<p align="center">&nbsp;</p>
<div align="center"><center>

<table border="0" cellspacing="0" width="638">
    <tr>
        <td valign="top" colspan="2"><p align="center"><b>POWER
        OF ATTORNEY</b></p>
        </td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW
        ALL MEN BY THESE PRESENTS, on this 14th day of June,
        2002, the undersigned directors and officers of Steel
        Technologies Inc. (the &quot;Company&quot;) each
        constitutes and appoints Bradford T. Ray and John M.
        Baumann, and each of them, his true and lawful
        attorney-in-fact and agent, with full power of
        substitution and re-substitution, for him and in his
        name, place and stead, in any and all capacities, to sign
        a Registration Statement on Form S-8 of the Company
        relating to the Company&#146;s issuance and sale from
        time to time of up to 25,000 shares of its Common Stock,
        no par value per share, pursuant to the Second
        Nonemployee Directors Stock Plan, and any and all
        amendments thereto (including post-effective amendments),
        and to file the same, with all exhibits thereto, and all
        other documents in connection therewith, with the
        Securities and Exchange Commission, granting unto said
        attorneys-in-fact and agents, and each of them, full
        power and authority to do and perform each and every act
        and thing requisite or necessary to be done in and about
        the premises, as fully to all intents and purposes as he
        might or could do in person, hereby ratifying and
        confirming all that said attorneys-in-fact and agents, or
        either of them, or their or his substitute or
        substitutes, may lawfully do or cause to be done by
        virtue hereof.</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">IN WITNESS WHEREOF, each of
        the undersigned has subscribed these presents.</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" colspan="2">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%"><u>/s/ Joseph P.
        Bellino&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">Joseph P. Bellino</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">Director, Chief Financial
        Officer and Treasurer</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">(Principal Financial and
        Accounting Officer)</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%"><u>/s/ Michael J.
        Carroll&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">Michael J. Carroll</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%"><u>/s/ Howard F. Bates,
        Jr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">Howard F. Bates, Jr.</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%"><u>/s/ Merwin J.
        Ray&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">Merwin J. Ray</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%"><u>/s/ Ralph W.
        McIntyre&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">Ralph W. McIntyre</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%"><u>/s/ William E.
        Hellmann&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">William E. Hellmann</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%"><u>/s/ Jimmy Dan
        Conner&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">Jimmy Dan Conner</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%"><u>/s/ Andrew J.
        Payton&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">Andrew J. Payton</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%"><u>/s/ Doug A.
        Bawel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">Doug A. Bawel</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">&nbsp;</td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%"><u>/s/ Stuart N.
        Ray&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td>
    </tr>
    <tr>
        <td valign="top" width="44%">&nbsp;</td>
        <td valign="top" width="56%">Stuart N. Ray</td>
    </tr>
</table>
</center></div>

<p>&nbsp;</p>
</body>
</html>
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content="text/html; charset=iso-8859-1">
Steel Technologies Inc. Form S-8 Second Nonemployee Director Stock Plan
content="text/html; charset=iso-8859-1">
=============================================================================
SECURITIES
        AND EXCHANGE COMMISSION
Washington,
        D.C. 20549
FORM
        S-8
REGISTRATION
        STATEMENT
Under
THE
        SECURITIES ACT OF 1933
STEEL
        TECHNOLOGIES INC.
(Exact name of registrant as specified in its
        charter)
Kentucky
61-0712014
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
15415
        Shelbyville Road
Louisville,
        Kentucky 40245
(Address of Principal Executive Offices,
        including Zip Code)
SECOND
        STEEL TECHNOLOGIES INC.
NONEMPLOYEE DIRECTORS STOCK PLAN
(Full title of the plan)
John M.
        Baumann
Secretary
        and General Counsel
Steel
        Technologies Inc.
15415
        Shelbyville Road
Louisville,
        Kentucky 40245
(Name and address of agent for service)
(502)
        245-2110
(Telephone number, including area code, of agent
        for service)
CALCULATION
        OF REGISTRATION
        FEE
Title of securities
to be registered
Amount to be
registered
Proposed
maximum
offering price
per share(1)
Proposed
maximum
aggregate
offering price(1)
Amount of
registration fee
Common Stock, no par
        value.........................
25,000
        shares
$13.45
$336,250.00
$31.00
Preferred Share Purchase
        Rights (2)...............
None
None
None
None
________________________________________________________________________________
(1)
Estimated solely for the
        purpose of calculating the registration fee pursuant to
        Rule 457(h)(1), based upon the average of the high and
        low prices of the Common Stock as reported on The Nasdaq
        Stock Market on July 1, 2002.
(2)
Any value attributable to
        the Preferred Share Purchase Rights is reflected in the
        value of the Common Stock. Because no separate
        consideration is paid for the Preferred Share Purchase
        Rights, the registration fee for such securities is
        included in the fee for the Common Stock.
===========================================================================
PART II
INFORMATION
        REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation
        of Documents by Reference.
The
        following documents, which have been filed by Steel
        Technologies Inc. (the "Registrant") with the
        Securities and Exchange Commission pursuant to the
        Securities Exchange Act of 1934, as amended (the
        "Exchange Act"), are incorporated in this
        registration statement by reference and made a part
        hereof:
1.
The Registrant's
        annual report on Form 10-K for the fiscal year ended
        September 30, 2001.
2.
The Registrant's
        quarterly reports on Form 10-Q for the quarters ended
        December 31, 2001 and March 31, 2002.
3.
The Registrant's
        registration statement on Form 8-A dated December 10,
        1985.
4.
The Registrant's
        registration statement on Form 8-A dated May 12, 1998.
All
        documents filed by the Registrant pursuant to Sections
        13(a), 13(c), 14 or 15(d) of the Exchange Act after the
        effective date of this registration statement and prior
        to the filing of a post-effective amendment which
        indicates that all securities offered hereby have been
        sold or which deregisters all securities then remaining
        unsold shall be deemed to be incorporated by reference in
        this registration statement and to be a part hereof from
        the date of filing of such documents. Any statement
        contained in a document incorporated by reference herein
        shall be deemed to be modified or superseded for purposes
        of this registration statement to the extent that a
        statement contained herein modifies or supersedes such
        statement. Any such statement so modified or superseded
        shall not be deemed, except as so modified or superseded,
        to constitute a part of this registration statement.
Item 4.
Description
        of Securities.
Not
        applicable.
Item 5.
Interests of
        Named Experts and Counsel.
The
        legality of the securities offered hereby has been passed
        upon for the Registrant by Stites & Harbison, PLLC,
        Louisville, Kentucky. William E. Hellmann, a member of
        Stites & Harbison, PLLC, is a director of the
        Registrant.
Item 6.
Indemnification
        of Directors and Officers.
Section
        271B.8-510 of the Kentucky Revised Statutes empowers a
        Kentucky corporation to indemnify an individual
        (including his estate or personal representative) who
        was, is or is threatened to be made a party to a
        threatened, pending or completed action, suit or
        proceeding, whether civil, criminal, administrative or
        investigative, and whether formal or informal, because he
        is or was a director against liability incurred in the
        proceeding if: (i) he conducted himself in good faith;
        (ii) he reasonably believed, in the case of conduct in
        his official capacity with the corporation, that his
        conduct was in its best interests and, in all other
        cases, that his conduct was at least not opposed to its
        best interests; and (iii) in the case of any criminal
        proceeding, he had no reasonable cause to believe his
        conduct was unlawful. Indemnification may be made against
        the obligation to pay a judgment, settlement, penalty,
        fine or reasonable expenses (including counsel fees)
        incurred with respect to a proceeding, except that if the
        proceeding was by or in the right of the corporation,
        indemnification may be made only against reasonable
        expenses. Pursuant to Section 271B.8-530, a corporation
        may pay for or reimburse the reasonable expenses incurred
        by a director in advance of final disposition of the
        proceeding if (i) the director affirms to the corporation
        in writing his good faith belief that he has met the
        standard of conduct required for indemnification; (ii)
        the director undertakes the personal obligation to repay
        such advance upon an ultimate determination that he
        failed to meet such standard of conduct; and (iii) the
        corporation determines that the facts then known to those
        making the determination would not preclude
        indemnification.
A
        corporation may not indemnify a director under KRS
        271B.8-510 in connection with a proceeding by or in the
        right of the corporation in which the director was
        adjudged liable to the corporation or in connection with
        any other proceeding charging improper personal benefit
        to him, whether or not involving action in his official
        capacity, in which he was adjudged liable on the basis
        that personal benefit was improperly received by him.
        Unless limited by the articles of incorporation, a
        director who has been wholly successful, on the merits or
        otherwise, in the defense of any proceeding to which he
        was a party because he is or was a director of the
        corporation is entitled to indemnification against
        reasonable expenses incurred by him in connection with
        the proceeding. Unless limited by its articles of
        incorporation, a Kentucky corporation may indemnify and
        advance expenses to an officer, employee or agent of the
        corporation to the same extent that it may indemnify and
        advance expenses to directors.
The
        indemnification provided by or granted pursuant to
        Section 271B.8-510 is not exclusive of any rights to
        which those seeking indemnification may otherwise be
        entitled. Section 271B.8-570 empowers a Kentucky
        corporation to purchase and maintain insurance on behalf
        of its directors, officers, employees or agents of the
        corporation, whether or not the corporation would have
        the power under Sections 271B.8-510 or 271B.8-520 to
        indemnify them against such liability. The Registrant has
        purchased and maintains directors' and officers'
        liability insurance. The Registrant has also entered into
        an agreement with each of its directors which requires
        the Registrant to indemnify the director to the extent
        permitted by Kentucky law.
Article
        VI of the Registrant's Restated Articles of
        Incorporation, as amended, and the Registrant's Amended
        By-Laws require the Registrant to indemnify its directors
        and officers upon a determination that indemnification is
        permissible under the circumstances.
Item 7.
Exemption
        from Registration Claimed.
Not
        applicable.
Item 8.
Exhibits.
The
        following exhibits are filed as part of this registration
        statement:
Exhibit
Number
Description
        of Exhibits
4.1
--
Second Restated Articles of
        Incorporation of the Registrant (incorporated herein by
        reference to exhibit 3.1 filed with the Company's Annual
        Report on Form 10-K (file no. 0-14061) for the fiscal
        year ended September 30, 2000)
4.2
--
Second Amended By-Laws of
        the Registrant (incorporated herein by reference to
        exhibit 3.2 filed with the Company's Annual Report on
        Form 10-K (file no. 0-14061) for the fiscal year ended
        September 30, 2000)
4.3
--
Rights Agreement, dated as
        of April 24, 1998, between Steel Technologies Inc. and
        First Chicago Trust Company of New York, as Rights Agent,
        which includes as Exhibit A the form of Third Articles of
        Amendment to the Restated Articles of Incorporation, as
        Exhibit B the form of Rights Certificate and as Exhibit C
        a Summary of the Rights (incorporated herein by reference
        to exhibit 1 filed with the Company's registration
        statement on Form 8-A (file no. 0-14061) dated May 12,
        1998)
5.1
--
Opinion and consent of
        Stites & Harbison, PLLC
23.1
--
Consent of Stites &
        Harbison, PLLC (included in Exhibit 5.1)
23.2
--
Consent of
        PricewaterhouseCoopers LLP
24.1
--
Powers of attorney
Item 9.
Undertakings.
The
        undersigned Registrant hereby undertakes:
(1)        To
        file, during any period in which offers or sales are
        being made, a post-effective amendment to this
        registration statement:
(a)        To
        include any prospectus required by Section 10(a)(3) of
        the Securities Act of 1933, as amended (the
        "Act");
(b)        To
        reflect in the prospectus any facts or events arising
        after the effective date of the registration statement
        (or the most recent post-effective amendment thereof)
        which, individually or in the aggregate, represent a
        fundamental change in the information set forth in the
        registration statement; and
(c)        To
        include any material information with respect to the plan
        of distribution not previously disclosed in the
        registration statement or any material change to such
        information in the registration statement;
provided, however, that the
        undertakings set forth in paragraphs (a) and (b) above do
        not apply if the information required to be included in a
        post-effective amendment by those paragraphs is contained
        in periodic reports filed by the Registrant pursuant to
        Section 13 or 15(d) of the Exchange Act that are
        incorporated by reference in this registration statement.
(2)        That,
        for the purpose of determining any liability under the
        Act, each such post-effective amendment shall be deemed
        to be a new registration statement relating to the
        securities offered herein, and the offering of such
        securities at that time shall be deemed to be the initial
        bona fide offering thereof.
(3)        To
        remove from registration by means of a post-effective
        amendment any of the securities being registered which
        remain unsold at the termination of the offering.
(4)        That,
        for purposes of determining any liability under the Act,
        each filing of the Registrant's annual report pursuant to
        Section 13(a) or Section 15(d) of the Exchange Act that
        is incorporated by reference in this registration
        statement shall be deemed to be a new registration
        statement relating to the securities offered herein, and
        the offering of such securities at that time shall be
        deemed to be the initial bona fide offering thereof.
Insofar
        as indemnification for liabilities arising under the Act
        may be permitted to directors, officers and controlling
        persons of the Registrant, the Registrant has been
        advised that in the opinion of the Securities and
        Exchange Commission such indemnification is against
        public policy as expressed in the Act and is, therefore,
        unenforceable. In the event that a claim for
        indemnification against such liabilities (other than the
        payment by the Registrant of expenses incurred or paid by
        a director, officer or controlling person of the
        Registrant in the successful defense of any action, suit
        or proceeding) is asserted by such director, officer or
        controlling person in connection with the securities
        being registered, the Registrant will, unless in the
        opinion of its counsel the matter has been settled by
        controlling precedent, submit to a court of appropriate
        jurisdiction the question whether such indemnification by
        it is against public policy as expressed in the Act and
        will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant
        to the requirements of the Securities Act of 1933, the
        registrant certifies that it has reasonable grounds to
        believe that it meets all of the requirements for filing
        on Form S-8 and has duly caused this Registration
        Statement to be signed on its behalf by the undersigned,
        thereunto duly authorized, in the City of Louisville,
        Commonwealth of Kentucky, on the 14th day of June, 2002.
STEEL TECHNOLOGIES INC.
By:
/s/ Bradford T.
        Ray
Bradford
        T. Ray
Chairman of the
        Board
Signature
Title
Date
/s/ Bradford T.
        Ray
Bradford T. Ray
Chairman of the Board of
        Directors and Chief Executive Officer (Principal
        Executive Officer)
June 14, 2002
Joseph P. Bellino
        *
Joseph P. Bellino
Director, Chief Financial
        Officer and Treasurer (Principal Financial and Accounting
        Officer)
June 14, 2002
Michael J. Carroll
        *
Michael J. Carroll
Director, President and
        Chief Operating Officer
June 14, 2002
Howard F. Bates, Jr. *
Howard F. Bates, Jr.
Director and Vice President
        - Technical Services
June 14, 2002
Merwin J. Ray
        *
Merwin J. Ray
Director
June 14, 2002
Ralph W. McIntyre
        *
Ralph W. McIntyre
Director
June 14, 2002
William E. Hellmann
        *
William E. Hellmann
Director
June 14, 2002
Jimmy Dan Conner
        *
Jimmy Dan Conner
Director
June 14, 2002
Andrew J. Payton
        *
Andrew J. Payton
Director
June 14, 2002
Doug A. Bawel
        *
Doug A. Bawel
Director
June 14, 2002
Stuart N. Ray
        *
Stuart N. Ray
Director
June 14, 2002
*By:
/s/ John M.
        Baumann
John
        M. Baumann
Attorney-in-Fact
INDEX
        TO EXHIBITS
Exhibit
Number
Description
        of Exhibits
4.1
--
Second Restated Articles of
        Incorporation of the Registrant (incorporated herein by
        reference to exhibit 3.1 filed with the Company's Annual
        Report on Form 10-K (file no. 0-14061) for the fiscal
        year ended September 30, 2000)
4.2
--
Second Amended By-Laws of
        the Registrant (incorporated herein by reference to
        exhibit 3.2 filed with the Company's Annual Report on
        Form 10-K (file no. 0-14061) for the fiscal year ended
        September 30, 2000)
4.3
--
Rights Agreement, dated as
        of April 24, 1998, between Steel Technologies Inc. and
        First Chicago Trust Company of New York, as Rights Agent,
        which includes as Exhibit A the form of Third Articles of
        Amendment to the Restated Articles of Incorporation, as
        Exhibit B the form of Rights Certificate and as Exhibit C
        a Summary of the Rights (incorporated herein by reference
        to exhibit 1 filed with the Company's registration
        statement on Form 8-A (file no. 0-14061) dated May 12,
        1998)
5.1
--
Opinion and consent of
        Stites & Harbison, PLLC
23.1
--
Consent of Stites &
        Harbison, PLLC (included in Exhibit 5.1)
23.2
--
Consent of
        PricewaterhouseCoopers LLP
24.1
--
Powers of attorney
STITES & HARBISON, PLLC
400 West Market Street,
        Suite 1800
Louisville, Kentucky
        40202-3352
Telephone: (502) 587-3400
Facsimile: (502)
        587-6391
July 2, 2002
Steel Technologies Inc.
15415 Shelbyville Road
Louisville, Kentucky 40245
RE:        Second
        Nonemployee Directors Stock Plan
Registration
        Statement on Form
        S-8
Gentlemen:
We have acted as counsel for
        Steel Technologies Inc. (the "Company") in
        connection with the preparation and filing of a
        registration statement on Form S-8 (the
        "Registration Statement"), relating to the
        registration by the Company under the Securities Act of
        1933, as amended (the "Act"), of up to 25,000
        shares of the Company's common stock, no par value (the
        "Common Stock"), and the related Preferred
        Share Purchase Rights to be issued by the Company from
        time to time pursuant to the Company's Second Nonemployee
        Directors Stock Plan (the "Plan").
In connection with this
        opinion, we have considered such matters of law and
        examined the originals or copies, certified or otherwise
        identified to our satisfaction, of such documents and
        corporate and other records and have obtained such
        certificates, letters, representations and information
        from the officers, directors and employees of the Company
        and from others as we have deemed necessary or
        appropriate to enable us to render the opinions expressed
        herein.
Based upon and in reliance
        upon the foregoing, and subject to the qualifications and
        assumptions set forth below, it is our opinion that, when
        (a) the Registration Statement has become effective in
        accordance with the Act and the Rules and Regulations
        thereunder and the provisions of such state securities or
        "blue sky" laws as may be applicable have been
        complied with, and (b) the Common Stock has been duly
        issued and delivered in accordance with the terms and
        conditions of the Plan, the Common Stock to be issued by
        the Company will be legally issued, fully paid and
        nonassessable.
Our opinion is limited by
        and subject to the following:
(a)        In
        rendering our opinion we have assumed that, at the time
        of each issuance and sale of the Common Stock, the
        Company will be a corporation validly existing under the
        laws of the Commonwealth of Kentucky.
(b)        In
        our examination of all documents, certificates and
        records, we have assumed without investigation the
        authenticity and completeness of all documents submitted
        to us as originals, the conformity to the originals of
        all documents submitted to us as copies and the
        authenticity and completeness of the originals of all
        documents submitted to us as copies. We have also assumed
        the genuineness of all signatures, the legal capacity of
        natural persons, the authority of all persons executing
        documents on behalf of the parties thereto other than the
        Company, and the due authorization, execution and
        delivery of all documents by the parties thereto other
        than the Company.
(c)        Our
        opinion is based solely on and limited to the laws of the
        Commonwealth of Kentucky and the federal laws of the
        United States of America. We express no opinion as to the
        laws of any other jurisdiction.
We hereby consent to the
        filing of this opinion as an exhibit to the Registration
        Statement.
Yours very truly,
STITES & HARBISON, PLLC
CCB:plh
CONSENT OF
        INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation
        by reference in this Registration Statement on Form S-8
        of our report dated October 29, 2001 relating to the
        consolidated financial statements, which appears in the
        2001 Annual Report to Shareholders of Steel Technologies
        Inc., which is incorporated by reference in Steel
        Technologies Inc.'s Annual Report on Form 10-K for the
        year ended September 30, 2001. We also consent to the
        incorporation by reference of our report dated October
        29, 2001 relating to the consolidated financial statement
        schedule, which appears in such Annual Report on Form
        10-K.
PricewaterhouseCoopers LLP
Louisville, Kentucky
June 24, 2002
POWER
        OF ATTORNEY
KNOW
        ALL MEN BY THESE PRESENTS, on this 14th day of June,
        2002, the undersigned directors and officers of Steel
        Technologies Inc. (the "Company") each
        constitutes and appoints Bradford T. Ray and John M.
        Baumann, and each of them, his true and lawful
        attorney-in-fact and agent, with full power of
        substitution and re-substitution, for him and in his
        name, place and stead, in any and all capacities, to sign
        a Registration Statement on Form S-8 of the Company
        relating to the Company's issuance and sale from
        time to time of up to 25,000 shares of its Common Stock,
        no par value per share, pursuant to the Second
        Nonemployee Directors Stock Plan, and any and all
        amendments thereto (including post-effective amendments),
        and to file the same, with all exhibits thereto, and all
        other documents in connection therewith, with the
        Securities and Exchange Commission, granting unto said
        attorneys-in-fact and agents, and each of them, full
        power and authority to do and perform each and every act
        and thing requisite or necessary to be done in and about
        the premises, as fully to all intents and purposes as he
        might or could do in person, hereby ratifying and
        confirming all that said attorneys-in-fact and agents, or
        either of them, or their or his substitute or
        substitutes, may lawfully do or cause to be done by
        virtue hereof.
IN WITNESS WHEREOF, each of
        the undersigned has subscribed these presents.
/s/ Joseph P.
        Bellino
Joseph P. Bellino
Director, Chief Financial
        Officer and Treasurer
(Principal Financial and
        Accounting Officer)
/s/ Michael J.
        Carroll
Michael J. Carroll
/s/ Howard F. Bates,
        Jr.
Howard F. Bates, Jr.
/s/ Merwin J.
        Ray
Merwin J. Ray
/s/ Ralph W.
        McIntyre
Ralph W. McIntyre
/s/ William E.
        Hellmann
William E. Hellmann
/s/ Jimmy Dan
        Conner
Jimmy Dan Conner
/s/ Andrew J.
        Payton
Andrew J. Payton
/s/ Doug A.
        Bawel
Doug A. Bawel
/s/ Stuart N.
        Ray
Stuart N. Ray