SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                           SCHEDULE 13D

             Under the Securities Exchange Act of 1934
                        (Amendment No.  )*

                      IMCO RECYCLING, INC.
                        (Name of Issuer)

                          COMMON STOCK
                 (Title of Class of Securities)

                            44968110
                         (CUSIP Number)

                       M. Randall Spencer
                         Baker & Daniels
                       111 E. Wayne Street
                            Suite 800
                    FORT WAYNE, INDIANA 46802
          (Name, Address and Telephone Number of Person
        Authorized to Receive Notices and Communications)

                        NOVEMBER 17, 1997
               (Date of Event which Requires Filing of this Statement)


     If  the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this  schedule  because  of  Rule  13d-1  (b)(3)  or  (4), check the
following box [  ]

     Check  the  following box if a fee is being paid with the statement  [
].  (A fee is not required only if the reporting person: (1) has a previous
statement on file  reporting beneficial ownership of more than five percent
of the class of securities  described  in  Item  1;  and  (2)  has filed no
amendment subsequent thereto reporting beneficial ownership of five percent
or less of such class.)  (See Rule 13d-7.)

     NOTE: Six copies of this statement, including all exhibits,  should be
filed  with  the  Commission.  See Rule 13d-1(a) for other parties to  whom
copies are to be sent.

     *The remainder  of this cover page shall be filled out for a reporting
person's initial filing  on  this form with respect to the subject class of
securities, and for any subsequent  amendment  containing information which
would alter disclosures provided in a prior cover page.

                 (Continued on following page(s))

     The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section  18  of  the  Securities
Exchange  Act  of  1934 ("Act") or otherwise subject to the liabilities  of
that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).

CUSIP No.       44968110

1.   Name of Reporting Person
     S.S. or I.R.S. Identification No. of Above Person

     William Warshauer, I.R.S. Id. No. ###-##-####
     Louise Warshauer, I.R.S. Id. No. ###-##-####

2.   Check the appropriate box if a member of a group

     Box A checked

3.   SEC Use Only

4.   Source of Funds

     OO

5.   Check if Disclosure of Legal Proceedings is Required Pursuant to Items
     2(d) or 2(e)

     Not required

6.   Citizenship or Place of Organization

     United States of America

7.   Sole Voting Power

     William Warshauer - 579,959
     Louise Warshauer - 579,959

8.   Shared Voting Power

     0

9.   Sole Dispositive Power

     William Warshauer - 579,959
     Louise Warshauer - 579,959

10.  Shared Dispositive Power

     0

11.  Aggregate Amount Beneficially Owned by Each Reporting Person

     909,918

12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares

     Not checked

13.  Percent of Class Represented by Amount in Row (11)

     5.5%

14.  Type of Reporting Person

     IN


ITEM 1. SECURITY AND ISSUER.

        This statement  relates  to  Common  stock  of  IMCO Recycling Inc.
(listed on the New York Stock Exchange as "IMR," and herein  referred to as
the "Issuer"). The Issuer's address is:

        IMCO Recycling Inc.
        5215 North O'Connor Blvd., Suite 940
        Central Tower @ Williams Square
        Dallas, Texas 75039


ITEM 2. IDENTITY AND BACKGROUND.

        (a)  William Warshauer, Louise Warshauer

        (b)  80 Lane 530A - Lake James
             Fremont, Indiana 46737

        (c)  Mr.  Warshauer  is  the  Chief  Executive  Officer  of  Alchem
             Aluminum,  Inc.,  430  West Garfield, P.O. Box 139, Coldwater,
             Michigan  49036.  Mrs. Warshauer  is  unemployed  outside  the
             home.

        (d)  Neither Mr.  nor  Mrs.  Warshauer  has  been  convicted  in  a
             criminal proceeding.

        (e)  Neither  Mr.  nor  Mrs. Warshauer has been subject to any such
             civil proceedings as listed in this Item.

        (f)  Mr. and Mrs. Warshauer are both United States citizens.


ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

        The securities were acquired  through  the sale of Alchem Aluminum,
Inc. to IMCO Recycling Inc. pursuant to an Agreement  and  Plan  of  Merger
among  IMCO  Recycling  Inc.,  IMCO  Recycling  of  Coldwater, Inc., Alchem
Aluminum, Inc. and the Shareholders of Alchem Aluminum,  Inc.  Mr. and Mrs.
Warshauer  were principal shareholders of Alchem and received  the  subject
shares as a result of such sale.


ITEM 4. PURPOSE OF TRANSACTION.

        The purpose of the transaction was to effectuate the sale of Alchem
Aluminum, Inc., to IMCO Recycling Inc. pursuant to an Agreement and Plan of
Merger among IMCO Recycling Inc., IMCO Recycling of Coldwater, Inc., Alchem
Aluminum, Inc. and the Shareholders of Alchem Aluminum, Inc.


ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.

        (a)  Mr. Warshauer owns a total of 579,959 shares of IMCO Recycling
             Inc.  common  stock  which  is  3.5149%  of  the  total shares
             outstanding  (16,500,000)  as of May 8, 1998. Of such  shares,
             125,000 are subject to the terms of a certain Escrow Agreement
             between issuer and Mr. Warshauer.

             Ms. Warshauer owns a total of 579,959 shares of IMCO Recycling
             Inc.  common  stock  which  is 3.5149%  of  the  total  shares
             outstanding (16,500,000) as of  May  8, 1998.  Of such shares,
             125,000 are subject to the terms of a certain Escrow Agreement
             between issuer and Mrs. Warshauer.

        (b)  Mr. Warshauer has sole power over 454,959 shares to direct the
             vote  and  disposition  of  the subject shares  owned  by  Mr.
             Warshauer.  In addition, Mr.  Warshauer  has the sole power to
             vote the 125,000 shares still in escrow, as  explained in Item
             5(a)  above. Mr. Warshauer does not have the power  to  direct
             the disposition  of  such  shares  until  and unless escrow is
             broken.

             Mrs. Warshauer has sole power over 454,959  shares  to  direct
             the  vote  and disposition of the subject shares owned by Mrs.
             Warshauer. In  addition,  Mrs. Warshauer has the sole power to
             vote the 125,000 shares still  in escrow, as explained in Item
             5(a) above.  Mrs. Warshauer does  not have the power to direct
             the  disposition of such shares until  and  unless  escrow  is
             broken.

        (c)  There  have  been  no  transactions  described in this Section
             since the date of acquisition of the subject  shares by either
             reporting person.

        (d)  No  person other than the reporting persons is known  to  have
             the right  to  receive, or the power to direct the receipt of,
             dividends from,  or  the  proceeds of any sale of, the subject
             securities.

        (e)  The reporting persons are still  the  owners of more than five
             percent of the outstanding shares of the Issuer.


ITEM 6. CONTRACTS,  ARRANGEMENTS,  UNDERSTANDINGS  OR  RELATIONSHIPS   WITH
        RESPECT TO SECURITIES OF THE ISSUER.


        Mr.  and  Mrs.  Warshauer  each owned an equal percentage of Alchem
Aluminum, Inc. and thus received an  equal  percentage  of  shares  in IMCO
Recycling,  Inc.  pursuant  to  an  Agreement and Plan of Merger among IMCO
Recycling Inc.. IMCO Recycling of Coldwater,  Inc.,  Alchem  Aluminum, Inc.
mid the Shareholders of Alchem Aluminum, Inc.


ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.

        No exhibits.


                             SIGNATURE

        After  reasonable  inquiry  and  to  the  best of my knowledge  and
belief, I certify that the information set forth in this statement is true,
complete and correct.



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