Definitive Additional Proxy Materials

SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE

SECURITIES EXCHANGE ACT OF 1934

Filed by the Registrant    x

Filed by a Party other than the Registrant    ¨

Check the appropriate box:

 

  ¨ Preliminary Proxy Statement

 

  ¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

 

  ¨ Definitive Proxy Statement

 

  x Additional Materials

 

  ¨ Soliciting Material Pursuant to Section 240.14a-12

Schnitzer Steel Industries, Inc.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

 

x No fee required.

 

¨ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

 

  (1) Title of each class of securities to which transaction applies:

 

  (2) Aggregate number of securities to which transaction applies:

 

  (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):

 

  (4) Proposed maximum aggregate value of transaction:

 

  (5) Total fee paid:

 

¨ Fee paid previously with preliminary materials.

 

¨ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

 

  (1) Amount Previously Paid:

 

  (2) Form, Schedule or Registration Statement No.:

 

  (3) Filing Party:

 

  (4) Date Filed:


LOGO     

 

COMPANY #

 

  

 

SCHNITZER STEEL INDUSTRIES, INC.

 

ANNUAL MEETING OF STOCKHOLDERS

Wednesday, January 28, 2009

8:00 a.m.

 

Multnomah Athletic Club

1849 SW Salmon Street

Portland, Oregon 97205

 

If you would like to vote in person at the Annual Meeting, bring your proxy card, along with

appropriate identification, to the Multnomah Athletic Club on the day of the meeting.

Notice is hereby given that the Annual Meeting of Shareholders of Schnitzer Steel Industries, Inc. will be held at

1849 SW Salmon Street, Portland, Oregon on Wednesday, January 28, 2009 at 8:00 a.m.

Important Notice Regarding the Availability of Proxy Materials for the

Shareholder Meeting to be Held on January 28, 2009.

 

1. This communication presents only an overview of the more complete proxy materials that are available to you on the Internet. We encourage you to access and review all of the important information contained in the proxy materials before voting.

 

2. The Proxy Statement and Annual Report are available at www.ematerials.com/schn

 

3. If you want to receive a paper copy or e-mail copy of these documents, you must request one. There is no charge to you for requesting a copy. Please make your request for a copy as instructed on the reverse side of this notice on or before January 16, 2009 to facilitate timely delivery.

 

 

Matters intended to be acted upon at the meeting are listed below.

 

The Board of Directors recommends that you vote FOR all nominees in Item 1 and FOR the proposal in Item 2:
1.    Election of five Directors        
   01  Robert S. Ball   04  Jean S. Reynolds   
   02  John D. Carter   05  Tamara L. Lundgren   
   03  Kenneth M. Novack        
2.    Approval of proposed amendment to the 1993 Stock Incentive Plan.

 

 

 

     

You may immediately

vote your proxy

on the Internet at:

 

www.eproxy.com/schn

     

•   Use the Internet to vote your proxy
24 hours a day, 7 days a week, until
12:00 p.m. (CT) on January 27, 2009.

  LOGO
     

•   Please have this Notice and the last
four digits of your Social Security Number or
Tax Identification Number available. Follow the
instructions to vote your proxy.

     

Your Internet vote authorizes the Named Proxies

to vote your shares in the same manner as if you

marked, signed and returned your proxy card.


To request paper copies of the proxy materials, which include the proxy card,

proxy statement and annual report, please contact us via:

 

LOGO

  Internet – Access the Internet and go to www.ematerials.com/schn . Follow the instructions to log in, and order copies.

LOGO

  Telephone – Call us free of charge at 866-697-9377 in the U.S. or Canada, using a touch-tone phone, and follow the
instructions to log in and order copies.

LOGO

 

Email – Send us an email at ep@ematerials.com with “Schn Materials Request” in the subject line.
The email must include:

 

•    The 3-digit company # and the 11-digit control # located in the box in the upper right hand corner on the front of this notice.

 

•    Your preference to receive printed materials via mail -or- to receive an email with links to the electronic materials.

 

•    If you choose email delivery you must include the email address.

 

•    If you would like this election to apply to delivery of material for all future meetings, write the word “Permanent” and include the last 4 digits of your Tax ID number in the email.