SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
STEEL TECHNOLOGIES INC.
(Name of Issuer)
COMMON STOCK, NO PAR VALUE
(Title of Class of Securities)
858147 10 1
(CUSIP Number)
Year ended 1999 - 12/31/99
(Date of Event)
[X ] Rule 13d-1 (d)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
Page 1 of 4 Pages
CUSIP No. 858147 10 1 13G
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merwin J. Ray
###-##-####
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH:
5. SOLE VOTING POWER
1,425,727
6. SHARED VOTING POWER
- 0 -
7. SOLE DISPOSITIVE POWER
1,396,883
8. SHARED DISPOSITIVE POWER
28,844
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,425,727
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.00%
12. TYPE OF REPORTING PERSON
IN
Page 2 of 4 Pages
ITEM 1. NAME OF ISSUER
(a),(b) The name of the issuer of the securities
covered by this statement is Steel Technologies Inc.
The issuer's principal executive offices are located at
15415 Shelbyville Road, Louisville, Kentucky 40245.
ITEM 2. NAME OF PERSON FILING
(a),(b),(c) The name of the person filing this
statement is Merwin J. Ray, whose principal business
address is 15415 Shelbyville Road, Louisville, Kentucky
40245. Mr. Ray is a citizen of the United States.
(d),(e) The title of the class of securities covered
by this statement is Common Stock, no par value. The
CUSIP Number of the Common Stock is 858147 10 1.
ITEM 3. STATEMENTS FILED PURSUANT TO RULES 13D-1(B) OR 13D-2(B)
Not applicable
ITEM 4. OWNERSHIP
(a),(b),(c) The number of shares of Common Stock
beneficially owned by Mr. Ray as of December 31, 1996
was 1,425,727 (13.00% of the total shares outstanding),
including 28,844 shares held by Mr. Ray's wife and
47,500 shares subject to outstanding options under the
company's Incentive Stock Option Plan which were
exercisable as of or within 60 days of December 31,
1999. All of such shares are held with sole voting
power. Mr. Ray shares investment power over the 28,844
shares held by his wife.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON
Not applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY
WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE
PARENT HOLDING COMPANY
Not applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable
Page 3 of 4 Pages
ITEM 10. CERTIFICATION
Not applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: February 4 , 2000
/s/ Merwin J. Ray
-----------------------------------
Merwin J. Ray
Page 4 of 4 Pages
