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*
SCHNITZER DORI
(Last) (First) (Middle)
3200 NW YEON AVENUE
(Street)
PORTLAND OR 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)
11/10/2010
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)
Code V Amount (A) or (D) Price
Class A Common Stock 651 I By Trust(1)
Class A Common Stock 11/10/2010 S 100 D $52.09 28,900 D
Class A Common Stock 11/10/2010 S 400 D $52.0904 28,500 D
Class A Common Stock 11/10/2010 S 100 D $52.11 28,400 D
Class A Common Stock 11/10/2010 S 400 D $52.1104 28,000 D
Class A Common Stock 11/10/2010 S 49 D $52.13 27,951 D
Class A Common Stock 11/10/2010 S 400 D $52.1304 27,551 D
Class A Common Stock 11/10/2010 S 100 D $52.14 27,451 D
Class A Common Stock 11/10/2010 S 400 D $52.1404 27,051 D
Class A Common Stock 11/10/2010 S 50 D $52.15 27,001 D
Class A Common Stock 11/10/2010 S 700 D $52.16 26,301 D
Class A Common Stock 11/10/2010 S 600 D $52.18 25,701 D
Class A Common Stock 11/10/2010 S 400 D $52.1804 25,301 D
Class A Common Stock 11/10/2010 S 51 D $52.19 25,250 D
Class A Common Stock 11/10/2010 S 650 D $52.2 24,600 D
Class A Common Stock 11/10/2010 S 950 D $52.21 23,650 D
Class A Common Stock 11/10/2010 S 500 D $52.22 23,150 D
Class A Common Stock 11/10/2010 S 400 D $52.245 22,750 D
Class A Common Stock 11/10/2010 S 1,000 D $52.25 21,750 D
Class A Common Stock 11/10/2010 S 750 D $52.3 21,000 D
Class A Common Stock 11/10/2010 S 100 D $52.33 20,900 D
Class A Common Stock 11/10/2010 S 400 D $52.3304 20,500 D
Class A Common Stock 11/10/2010 S 100 D $52.36 20,400 D
Class A Common Stock 11/10/2010 S 350 D $52.3604 20,050 D
Class A Common Stock 11/10/2010 S 500 D $52.37 19,550 D
Class A Common Stock 11/10/2010 S 800 D $52.3704 18,750 D
Class A Common Stock 11/10/2010 S 750 D $52.38 18,000 D
Class A Common Stock 11/10/2010 S 750 D $52.4 17,250 D
Class A Common Stock 11/10/2010 S 500 D $52.42 16,750 D
Class A Common Stock 11/10/2010 S 950 D $52.45 15,800 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (3) (3) (3) Class A Common Stock 489,584 489,584 I By Voting Trust
Class B Common Stock (3) (3) (3) Class A Common Stock 87,500 87,500 I By Trust(2)
Class B Common Stock (3) (3) (3) Class A Common Stock 55,328 55,328 I By Voting Trust(1)
Explanation of Responses:
1. Shares are held by Jean S. Reynolds and Dori Schnitzer, Trustees U/A with Jean S. Reynolds dated November 30, 1992.
2. Shares are held by Dori Schnitzer, Trustee for Dori Schnitzer, et al, under Trust Agreement dated January 30, 1970.
3. Class B Common Stock is immediatley convertible on a one-for-one basis into Class A Common Stock and has no expiration date.
Remarks:
Richard C. Josephson, Attorney-In-Fact 11/12/2010
** 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).
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