SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

DEMETRIOU STEVEN J

(Last)

(First)

(Middle)

PNC BUILDING - 19TH FLOOR

500 W. JEFFERSON STREET

(Street)

LOUISVILLE

40202

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/09/2004

3. Issuer Name and Ticker or Trading Symbol
IMCO RECYCLING INC [ ARS ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.10 per share	106,848⁽¹⁾	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (Right to Buy)	04/26/2003	04/26/2012	Common Stock, par value $0.10 per share	8,150⁽²⁾	⁽²⁾	D
Employee Stock Option (Right to Buy)	01/01/2004	01/01/2013	Common Stock, par value $0.10 per share	8,150⁽²⁾	⁽²⁾	D
Employee Stock Option (Right to Buy)	06/11/2007	06/11/2014	Common Stock, par value $0.10 per share	163,000⁽²⁾	⁽²⁾	D

Explanation of Responses:

1. Received pursuant to the agreement and plan of merger, dated as of June 16, 2004, among the Issuer, Silver Fox Acquisition Company and Commonwealth Industries, Inc. According to the terms of the merger, each share of Commonwealth Industries, Inc. common stock was converted into 0.815 of a share of Aleris International, Inc. having a market value of $ 15.80 per share on the effective date of merger.

2. Received pursuant to the agreement and plan of merger described in 1 above in exchange for an employee stock option to acquire shares of Commonwealth Industries, Inc. common stock. According to the terms of the merger, each option to purchase shares of common stock of Commonwealth Industries, Inc. was converted into an option to purchase 0.815 of a share of Aleris International, Inc., having a market value of $15.80 per share on the effective date of the merger.

Remarks:

	Christopher R. Clegg (POA)	12/13/2004
	** 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 5 (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.