X0303 4 2010-06-03 0000912603 SCHNITZER STEEL INDUSTRIES INC SCHN 0001249500 NOVACK KENNETH M 3200 NW YEON AVENUE PORTLAND OR 97210 1 0 1 0 0001249499 NOVACK DEBORAH S 3200 NW YEON AVENUE PORTLAND OR 97210 0 0 1 0 Class A Common Stock 300 I See Note Class A Common Stock 2010-06-03 4 A 0 4.116 46.07 A 13962.411 I See Note Class B Common Stock Class A Common Stock 263506 263506 I By Voting Trust Class B Common Stock Class A Common Stock 19302 19302 I By Voting Trust Class B Common Stock Class A Common Stock 12556 12556 I By Voting Trust Class B Common Stock Class A Common Stock 25333 25333 I By Voting Trust Shares are held by Kevin P. Novack, an immediate family member of the reporting persons who may be deemed to share the same household. Deemed reinvestment of dividends under the issuer's Deferred Compensation Plan for Non-Employee Directors. Deferred Shares that have been or will be credited to the reporting person's account under the issuer's Deferred Compensation Plan for Non-Employee Directors. Class B Common Stock is immediately convertible on a one-for-one basis into Class A Common Stock and has no expiration date. Voting trust certificates or shares, as the case may be, are held by Kenneth M. Novack and Deborah S. Novack, Trustees of the Hidden Valley Trust Agreement, under Trust Agreement dated December 11, 2006. Voting trust certificates or shares, as the case may be, are held by the 1997 Melanie Novack Trust, dated 8/17/97, Deborah S. Novack and Kenneth M. Novack, collectively as Trustees. Voting trust certificates or shares, as the case may be, are held by the 1997 Kevin Novack Trust, dated 8/17/97, Deborah S. Novack and Kenneth M. Novack, collectively as Trustees. Voting Trust Certificates or shares, as the case may be, are held by Gary A. Schnitzer and Deborah Novack, Trustees, Gary A. Schnitzer Family Trust dated May 15, 1991. Richard C. Josephson, Attorney-In-Fact 2010-06-07