Sec Form 4 Filing - MEIER DINA S @ SCHNITZER STEEL INDUSTRIES INC - 2010-12-20

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person MEIER DINA S 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) (Last) (First) (Middle) 3200 NW YEON AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 12/20/2010 (Street) PORTLAND, OR97210 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 ( 1 ) ( 1 ) ( 1 ) Class A Common Stock 203,860 203,860 I By Voting Trust ( 2 ) Class B Common Stock ( 1 ) ( 1 ) ( 1 ) Class A Common Stock 41,772 41,772 I By Voting Trust ( 3 ) Class B Common Stock ( 1 ) 12/20/2010 G V 207 ( 1 ) ( 1 ) Class B Common Stock 207 $ 0 17,860 I By Voting Trust ( 4 ) Class B Common Stock ( 1 ) 12/20/2010 G V 207 ( 1 ) ( 1 ) Class B Common Stock 207 $ 0 9,622 I By Voting Trust ( 5 ) Class B Common Stock ( 1 ) ( 1 ) ( 1 ) Class A Common Stock 45,000 45,000 I By Trust ( 6 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other MEIER DINA S 3200 NW YEON AVENUE PORTLAND, OR97210 X Signatures Richard C. Josephson, Attorney-In-Fact 04/26/2010 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Class B Common Stock is immediately convertible on a one-for-one basis into Class A Common Stock and has no expiration date. ( 2 )Voting trust certificates or shares, as the case may be, are held by Dina S. Meier, Eric Meier and Gayle S. Romain, Trustees of the Dina S. Meier Revocable Trust dated July 12, 2004 FBO Dina S. Meier. ( 3 )Voting trust certificates or shares, as the case may be, are held by Dina S. Meier, Trustee of the Dina S. Meier 2009 Annuity Trust. ( 4 )Voting trust certificates or shares, as the case may be, are held by Dina S. Meier, Family Trustee, and Jill Schnitzer Edelson, Independent Trustee, U/A/D 10/29/99 F/B/O Lucie Hannah Meier. ( 5 )Voting trust certificates or shares, as the case may be, are held by Dina S. Meier and Eric Meier, Family Trustees, and Jill Schnitzer Edelson, Independent Trustee, U/A/D 12/16/01 F/B/O Stella Rose Randall Meier. ( 6 )Shares are held by trust under Trust Agreement dated January 30, 1970 of which Dina S. Meier is the primary beneficiary.

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).

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