X0202 4 2005-12-28 0000912603 SCHNITZER STEEL INDUSTRIES INC SCHN 0000937952 FURMAN WILLIAM A ONE CENTERPOINTE DRIVE SUITE 200 LAKE OSWEGO OR 97035-8612 1 0 0 0 Class A Common Stock 2005-12-28 4 J 0 .5 0 D 5679 D The reporting person received 5,679 shares as a liquidating distribution from James-Furman & Company, a general partnership (the "Partnership"). In prior reports, the reporting person reported indirect beneficial ownership of 11,359 shares of Schnitzer Steel Industries, Inc. ("SSI") Class A Common Stock held by the Partnership. As part of the liquidating distribution and since the Partnership held an odd number of shares in SSI, one-half of a share was allocated to the other partner in the Partnership. Kelly Lang, Attorney-in-Fact 2005-01-05