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 SUSAN
(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)
01/13/2010
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 12,000 I By Trust(1)
Class A Common Stock 01/13/2010 S 1,200 D $52.71 23,143 D
Class A Common Stock 01/13/2010 S 200 D $52.7075 22,943 D
Class A Common Stock 01/13/2010 S 1,000 D $52.705 21,943 D
Class A Common Stock 01/13/2010 S 300 D $52.7 21,643 D
Class A Common Stock 01/13/2010 S 500 D $52.6875 21,143 D
Class A Common Stock 01/13/2010 S 301 D $52.68 20,842 D
Class A Common Stock 01/13/2010 S 3,842 D $52.67 17,000 D
Class A Common Stock 01/13/2010 S 500 D $52.665 16,500 D
Class A Common Stock 01/13/2010 S 500 D $52.66 16,000 D
Class A Common Stock 01/13/2010 S 400 D $52.655 15,600 D
Class A Common Stock 01/13/2010 S 300 D $52.65 15,300 D
Class A Common Stock 01/13/2010 S 1,100 D $52.6 14,200 D
Class A Common Stock 01/13/2010 S 200 D $52.585 14,000 D
Class A Common Stock 01/13/2010 S 200 D $52.57 13,800 D
Class A Common Stock 01/13/2010 S 1,800 D $52.565 12,000 D
Class A Common Stock 01/13/2010 S 100 D $52.56 11,900 D
Class A Common Stock 01/13/2010 S 100 D $52.55 11,800 D
Class A Common Stock 01/13/2010 S 200 D $52.525 11,600 D
Class A Common Stock 01/13/2010 S 1,034 D $52.52 10,566 D
Class A Common Stock 01/13/2010 S 66 D $52.51 10,500 D
Class A Common Stock 01/13/2010 S 200 D $52.505 10,300 D
Class A Common Stock 01/13/2010 S 700 D $52.5 9,600 D
Class A Common Stock 01/13/2010 S 200 D $52.495 9,400 D
Class A Common Stock 01/13/2010 S 600 D $52.49 8,800 D
Class A Common Stock 01/13/2010 S 200 D $52.485 8,600 D
Class A Common Stock 01/13/2010 S 100 D $52.48 8,500 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 (2) (2) (2) Class A Common Stock 70,500 70,500 I By Trust(1)
Class B Common Stock (2) (2) (2) Class A Common Stock 336,340 336,340 I By Voting Trust
Class B Common Stock (2) (2) (2) Class A Common Stock 2,001 2,001 I By Voting Trust(3)
Class B Common Stock (2) (2) (2) Class A Common Stock 2,001 2,001 I By Voting Trust(4)
Class B Common Stock (2) (2) (2) Class A Common Stock 2,001 2,001 I By Voting Trust(5)
Explanation of Responses:
1. Shares are held by trust under Trust Agreement dated January 30, 1970 of which Susan Schnitzer is the primary beneficiary.
2. Class B Common Stock is immediately convertible on a one-for-one basis into Class A Common Stock and has no expiration date.
3. Voting trust certificates are held by Susan Schnitzer, as Custodian under the Oregon Uniform Transfers to Minors Act F/B/O Matthew S. Goodman.
4. Voting trust certificates are held by Susan Schnitzer, as Custodian under the Oregon Uniform Transfers to Minors Act F/B/O Whitney M. Goodman.
5. Voting trust certificates are held by Susan Schnitzer, as Custodian under the Oregon Uniform Transfers to Minors Act F/B/O Stephen S. Goodman.
Remarks:
Richard C. Josephson, Attorney-In-Fact 01/14/2010
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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