EXHIBIT 21

Schedule of Subsidiaries

STEEL PARTNERS HOLDINGS GP INC., a Delaware corporation

SPH GROUP LLC, a Delaware limited liability company

SPH GROUP HOLDINGS LLC, a Delaware limited liability company

SPH Services, Inc., a Delaware Corporation

SP Corporate Services LLC, a Delaware limited liability company

Steel Partners LLC, a Delaware limited liability company

BNS Liquidating Trust, a Delaware company

SP Asset Management LLC, a Delaware limited liability company

STEEL PARTNERS II L.P., a Delaware limited partnership

CHINA ACCESS PAPER INVESTMENT COMPANY LIMITED, a corporation organized under the laws of Mauritius

DGT HOLDINGS CORP., a Delaware corporation

HANDY & HARMAN LTD., a Delaware corporation

STEEL EXCEL INC., a Delaware corporation

WF ASSET CORP., a Delaware corporation

WEBFINANCIAL HOLDING CORPORATION, a Delaware corporation

WEBBANK, a Utah chartered industrial bank

WORKING CAPITAL SOLUTIONS, INC., a Delaware corporation

DGT HOLDINGS CORP. SUBSIDIARIES

DM IMAGING CORP., a Delaware corporation

VILLA IMMOBILIARE SRL, Italy

RFI CORPORATION, a Delaware corporation

HANDY & HARMAN LTD. SUBSIDIARIES

 WHEELING-PITTSBURGH CAPITAL CORPORATION, a Delaware corporation. 

WHX AVIATION CORPORATION, a Delaware corporation.

WHX METALS CORPORATION, a Delaware corporation.

WHX CS CORPORATION, a Delaware corporation.

HANDY & HARMAN GROUP, LTD., a Delaware corporation (“HHG”).

HANDY & HARMAN, a New York corporation  (“HANDY & HARMAN”), a direct subsidiary of HHG.

BAIRNCO CORPORATION, a Delaware corporation (“BAIRNCO”), a direct subsidiary of HHG. 

ALLOY RING SERVICE, INC., a Delaware corporation.

CANFIELD METAL COATING CORPORATION, a Delaware corporation.

DANIEL RADIATOR CORPORATION, a Texas corporation.

EAST 74^th STREET HOLDINGS, INC., an Oklahoma corporation (formerly known as Continental Industries, Inc.)

ELE CORPORATION, a California corporation. 

H&H PRODUCTIONS, INC., a Delaware corporation.

HANDY & HARMAN AUTOMOTIVE GROUP, INC., a Delaware corporation.

HANDY & HARMAN OF CANADA, LIMITED, a Province of Ontario Canada corporation.

HANDY & HARMAN ELE (ASIA) SND BHD., a corporation organized under the laws of Malaysia.

HANDY & HARMAN ELECTRONIC MATERIALS CORPORATION, a Florida corporation.

HANDY & HARMAN (EUROPE) LIMITED, a corporation organized under the laws of England and Wales.

HANDY & HARMAN INTERNATIONAL, LTD., a Delaware corporation.

HANDY & HARMAN MANAGEMENT HOLDINGS (HK) LIMITED, a corporation organized under the laws of Hong Kong. (1)

HANDY & HARMAN MANUFACTURING (SINGAPORE) PTE. LTD., a corporation organized under the laws of Malaysia. 

HANDY & HARMAN NETHERLANDS, BV., a corporation organized under the laws of the Netherlands.

HANDY & HARMAN PERU, INC., a Delaware corporation. 

HANDY & HARMAN TUBE COMPANY, INC., a Delaware corporation.

HANDY & HARMAN UK HOLDINGS LIMITED, a corporation organized under the laws of  England and Wales.  

HANDYTUBE CORPORATION, a Delaware corporation (formerly known as Camdel Metals Corporation)

INDIANA TUBE CORPORATION, a Delaware corporation.

INDIANA TUBE DANMARK A/S, a corporation of Kolding, Denmark.

INDIANA TUBE SOLUTIONS, S. De R.L. de C.V., a corporation organized under the law of Mexico.

KJ-VMI REALTY, INC., a Delaware corporation.

LUCAS-MILHAUPT, INC., a Wisconsin corporation.

LUCAS-MILHAUPT HONG KONG LIMITED, a corporation organized under the laws of Hong Kong.

LUCAS-MILHAUPT BRAZING MATERIALS (SUZHOU) CO. LTD., a corporation organized under the laws of China. (1)

LUCAS-MILHAUPT GLIWICE Sp. Z o.o., a corporation organized under the laws of Poland.

MARYLAND SPECIALTY WIRE, INC., a Delaware corporation.

MICRO-TUBE FABRICATORS, INC., a Delaware corporation.

OCMUS, INC., an Indiana corporation formerly known as Sumco, Inc.

OMG, INC., a Delaware corporation, formerly known as Olympic Manufacturing Group, Inc.

OMG ROOFING, INC., a Delaware corporation.

OMNI TECHNOLOGIES CORPORATION OF DANVILLE, a New Hampshire corporation.

PAL-RATH REALTY, INC., a Delaware corporation.

PLATINA LABORATORIES, INC., a Delaware corporation.

LUCAS MILHAUPT RIBERAC SA, a corporation organized under the laws of France.

RIGBY-MARYLAND (STAINLESS), LTD, a corporation organized under the laws of England and Wales.

SHEFFIELD STREET CORPORATION, a Connecticut corporation.

SWM, INC., a Delaware corporation.

WILLING B WIRE CORPORATION, a Delaware corporation.

BAIRNCO CORPORATION SUBSIDIARIES

ARLON, LLC., a Delaware limited liability company formerly Arlon, Inc. a Delaware corporation.

ARLON ADHESIVES & FILMS, INC., a Texas corporation.

ARLON INDIA PRIVATE LIMITED, a corporation organized under the laws of India.

ARLON MATERIALS FOR ELECTRONICS CO. LTD., a corporation organized under the laws of China.

ARLON MATERIAL TECHNOLOGIES CO. LTD., a corporation organized under the laws of China.

ARLON MED INTERNATIONAL, LLC, a Delaware Limited Liability Company.

ARLON PARTNERS, INC., a Delaware corporation.

ARLON SIGNTECH, LTD., a Texas Limited Partnership.

ARLON VISCOR, LTD., a Texas Limited Partnership.

ATLANTIC SERVICE CO. LTD., a corporation organized under the laws of Canada.

ATLANTIC SERVICE CO. (UK) LTD., a corporation organized under the laws of United Kingdom.

BERTRAM & GRAF GMBH, a corporation organized under the laws of Germany.

KASCO CORPORATION, a Delaware corporation.

KASCO ENSAMBLY S.A. DE C.V., a corporation organized under the laws of Mexico. 

KASCO MEXICO LLC, a Delaware Limited Liability Company.  

SOUTHERN SAW ACQUISITION CORPORATION, a Delaware corporation.

STEEL EXCEL INC. SUBSIDIARIES

ADAPTEC FAR EAST, INC., a California corporation

ADAPTEC GMBH, a corporation organized under the laws of Germany

ADAPTEC (INDIA) PVT LTD., a corporation organized under the laws of India

ADPT CAYMAN LICENSING LTD., a corporation organized under the laws of the Cayman Islands

ADPT CI LTD., a corporation organized under the laws of the Cayman Islands

ADPT (S) PTE. LTD., a corporation organized under the laws of Singapore

ADPT TECH HOLDING LTD., a corporation organized under the laws of the Cayman Islands

ARISTOS LOGIC CORPORATION. a Delaware corporation

BASEBALL HEAVEN INC., a Delaware corporation

ICP VORTEX COMPUTERSYSTEME GMBH, a corporation organized under the laws of Germany

PLATYS COMMUNICATIONS, INC., a Delaware corporation

ROGUE PRESSURE SERVICES LTD., a Delaware corporation

SOUTH BAY STRENGTH AND CONDITIONING LLC, a California limited liability company

STEEL ENERGY LTD., a Delaware corporation

STEEL SOCCER CITY, INC., a Delaware corporation

STEEL SPORTS INC., a Delaware corporation

SUN WELL SERVICE, INC., a North Dakota corporation

TORRANCE STRENGTH AND CONDITIONING LLC, a California limited liability company