Incorrect
http://wiki.answers.com/Q/Do_steroids_shrink_your_penis
http://www.thesite.org/drinkanddrugs/drugsafety/drugsandyourbody/dosteroidsshrinkdicks
http://www.steroidabuse.com/steroid-myths.html
http://www.musclesweb.net/blog/steroid-facts/
Need any more sources?