SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

NYE DANIELLE EASLY

(Last)

(First)

(Middle)

3200 NW YEON AVENUE

(Street)

PORTLAND

97210

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SCHNITZER STEEL INDUSTRIES INC [ SCHN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2010

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	11/02/2010		S		1,000	D	$53.0304	41,790	D
Class A Common Stock	11/02/2010		S		500	D	$53.0504	41,290	D
Class A Common Stock	11/02/2010		S		500	D	$53.1204	40,790	D
Class A Common Stock	11/02/2010		S		400	D	$53.14	40,390	D
Class A Common Stock	11/02/2010		S		1,000	D	$53.1404	39,390	D
Class A Common Stock	11/02/2010		S		100	D	$53.145	39,290	D
Class A Common Stock	11/02/2010		S		500	D	$53.1704	38,790	D
Class A Common Stock	11/02/2010		S		500	D	$53.1904	38,290	D
Class A Common Stock	11/02/2010		S		500	D	$53.2	37,790	D
Class A Common Stock	11/02/2010		S		500	D	$53.2104	37,290	D
Class A Common Stock	11/02/2010		S		500	D	$53.2204	36,790	D
Class A Common Stock	11/02/2010		S		1,000	D	$53.2504	35,790	D
Class A Common Stock	11/02/2010		S		500	D	$53.2804	35,290	D
Class A Common Stock	11/02/2010		S		1,000	D	$53.2904	34,290	D
Class A Common Stock	11/02/2010		S		500	D	$53.3	33,790	D
Class A Common Stock	11/02/2010		S		1,000	D	$53.3204	32,790	D

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽¹⁾	Class A Common Stock	2,807		2,807	I	By Voting Trust
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽¹⁾	Class A Common Stock	13,356		13,356	I	By Voting Trust⁽²⁾
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽¹⁾	Class A Common Stock	13,356		13,356	I	By Voting Trust⁽³⁾
Class B Common Stock	⁽¹⁾							⁽¹⁾	⁽¹⁾	Class A Common Stock	13,356		13,356	I	By Voting Trust⁽⁴⁾

Explanation of Responses:

1. Class B Common Stock is immediately convertible on a one-for-one basis into Class A Common Stock and has no expiration date.

2. Voting trust certificates are held by Danielle Easly Nye, Family Trustee and David Easly, Independent Trustee U/A/D December 27, 1999 F/B/O Vivian E. Nye.

3. Voting trust certificates are held by Danielle Easly Nye, Family Trustee and David Easly, Independent Trustee U/A/D December 20, 2002 F/B/O Maximus E. Nye.

4. Voting trust certificates are held by Danielle Easly Nye, Family Trustee and David Easly, Independent Trustee U/A/D December 10, 2004 F/B/O Jerry B. Nye.

Remarks:

	Richard C. Josephson, Attorney-In-Fact	11/03/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.