FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * MACBETH JAMES P   2. Issuer Name and Ticker or Trading Symbol RELIANCE STEEL & ALUMINUM CO [RS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr. V.P. Carbon Steel Ops (Last) (First) (Middle) 350 S. GRAND AVENUE, SUITE 5100 3. Date of Earliest Transaction (Month/Day/Year) 04/21/2008 (Street) LOS ANGELES, CA 90071 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 04/21/2008   M   50,000 A $ 12.54 108,159 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   300 D $ 62.13 107,859 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   100 D $ 62.12 107,759 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   500 D $ 62.11 107,259 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   600 D $ 62.08 106,659 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   1,200 D $ 62.07 105,459 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   2,700 D $ 62.06 102,759 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   100 D $ 62.05 102,659 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   900 D $ 62.04 101,759 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   1,500 D $ 62.03 100,259 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   600 D $ 62.02 99,659 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   2,400 D $ 62.01 97,259 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   600 D $ 62 96,659 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   300 D $ 61.99 96,359 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   100 D $ 61.98 96,259 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   600 D $ 61.97 95,659 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   100 D $ 61.96 95,559 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   1,800 D $ 61.95 93,759 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   100 D $ 61.94 93,659 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   900 D $ 61.93 92,759 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   700 D $ 61.92 92,059 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   900 D $ 61.91 91,159 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   100 D $ 61.9 91,059 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   300 D $ 61.89 90,759 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   500 D $ 61.88 90,259 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   1,000 D $ 61.87 89,259 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   800 D $ 61.86 88,459 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   300 D $ 61.85 88,159 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   1,200 D $ 61.84 86,959 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006 Common Stock 04/21/2008   S   500 D $ 61.83 86,459 I Held by Trustees of the James and Linda MacBeth 2006 Trust dated April 20, 2006

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Options to Acquire Common Stock

$ 12.54

04/21/2008

M

50,000

10/20/2007

10/20/2008

Common Stock

50,000

$ 0

150,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MACBETH JAMES P 350 S. GRAND AVENUE SUITE 5100 LOS ANGELES, CA 90071			Sr. V.P. Carbon Steel Ops

Signatures

James P. MacBeth by Karla R. Lewis as his Attorney-in-Fact		04/23/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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