STEEL TECHNOLOGIES INC
8-K, 1997-10-28
STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS
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               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                         ---------------

                            FORM 8-K

                         CURRENT REPORT

        Pursuant to Section 13 or 15(d) of the Securities
                      Exchange Act of 1934



                         ---------------


        Date of Report (Date of earliest event reported):
                        October 16, 1997



                     STEEL TECHNOLOGIES INC.
     (Exact name of registrant as specified in its charter)



          Kentucky                     0-14061              61-0712014
(State or other jurisdiction      (Commission File         (IRS Employer 
     of incorporation)                 Number)          Identification No.)



15415 Shelbyville Road, Louisville, Kentucky                     40245     
 (Address of principal executive offices)                      (Zip Code)   


                         (502) 245-2110
      (Registrant's telephone number, including area code)



                         Not Applicable
  (Former name or former address, if changed since last report)


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<PAGE>
Item 5.   Other Events
          ------------

     On October 16, 1997, Steel Technologies Inc. elected Joseph
P. Bellino as its Chief Financial Officer and Treasurer. 
Effective as of October 12, 1997, Kenneth R. Bates resigned his
positions of Vice President-Finance, Chief Financial Officer,
Treasurer and Secretary.  A copy of the press release announcing
these matters is attached as Exhibit 99.


Item 7.   Financial Statements, Pro Forma Financial Information
          and Exhibits
          -----------------------------------------------------

(c)  Exhibits
     --------

     The following exhibit is filed as a part of this report:

Exhibit
Number              Description of Exhibit
- -------             ----------------------

  99      --   Press Release dated October 16, 1997, announcing
               new Chief Financial Officer

<PAGE>
                           Signatures
                           ----------

     Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.

Dated:  October 27, 1997


                         STEEL TECHNOLOGIES INC.



                         By: /s/ Joseph P. Bellino
                            -------------------------------------

                         Title:  Chief Financial Officer
                               ----------------------------------

<PAGE>
                        INDEX TO EXHIBITS


Exhibit
Number                   Description of Exhibits
- -------                  -----------------------

 99       --   Press Release dated October 16, 1997, announcing
               new Chief Financial Officer


                                                       EXHIBIT 99

NEWS RELEASE

Contact:  Bradford T. Ray
          President and Chief Operating Officer
          502/245-2110

                                         STEEL TECHNOLOGIES, INC.
                                                   P.O. Box 43339
                                 Louisville, Kentucky  40253-0339
                                                     502 245-2110



                STEEL TECHNOLOGIES INC. ANNOUNCES
                   NEW CHIEF FINANCIAL OFFICER


Louisville, Kentucky (October 16, 1997) - Steel Technologies Inc.
(Nasdaq/NM:STTX) today announced the election of Joseph P.
Bellino as its Chief Financial Officer and Treasurer, positions
previously held by Kenneth R. Bates.  Mr. Bellino has extensive
executive-level financial expertise in the manufacturing sector,
specializing in mergers and acquisitions, strategic planning, and
building shareholder value.  Mr. Bellino most recently served as
President of Beacon Capital Advisors Company in Louisville,
Kentucky.

     "We are excited to have Joe as part of our team.  He will
play an important role in focusing our efforts to strategically
plan and implement our corporate objectives," said Bradford T.
Ray, President and Chief Operating Officer.

     As an intermediate steel processor, Steel Technologies
processes flat rolled steel to specified thickness, width, temper
and finish requirements for automotive, appliance, agricultural,
lawn and garden, machinery and office equipment industries, among
others.

                              -END-



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