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 OF SECURITIES 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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(Print or Type Responses)

1. Name and Address of Reporting Person * CARTER JOHN D   2. Issuer Name and Ticker or Trading Symbol SCHNITZER STEEL INDUSTRIES INC [SCHN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 3200 NW YEON AVENUE 3. Date of Earliest Transaction (Month/Day/Year) 02/10/2012 (Street) PORTLAND, OR 97210 4. If Amendment, Date 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 (City) (State) (Zip) 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 02/10/2012   G V 20,000 D $ 0 116,633 D   Class A Common Stock 09/11/2012   G V 10,000 D $ 0 106,633 D   Class A Common Stock               2,436 I By Trust (1) Class A Common Stock               1,500 I By Trust (2) Class A Common Stock               4,000 I By Trust (3) Class A Common Stock               10,000 I By Trust (4) Class A Common Stock               10,000 I By Trust (5) Class A Common Stock               10,000 I By Trust (6) Class A Common Stock 02/10/2012   G V 10,000 A $ 0 10,000 I By Trust (7) Class A Common Stock 02/10/2012   G V 10,000 A $ 0 10,000 I By Trust (8) Class A Common Stock 09/11/2012   G V 10,000 A $ 0 10,000 I By Trust (9)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 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

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
CARTER JOHN D 3200 NW YEON AVENUE PORTLAND, OR 97210	X

Signatures

Richard C. Josephson, Attorney-in-Fact		09/25/2012
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Shares are held by John D. Carter, Trustee of the John D. Carter 2011 Trust.
(2)	Shares are held by John D. Carter, Trustee of the Carter 1996 Children's Trust fbo Christopher L. Carter.
(3)	Shares are held by John D. Carter, Trustee of the Carter 1996 Children's Trust fbo Douglas M. Carter.
(4)	Shares are held by John D. Carter, Trustee of the John D. Carter 2012 Trust fbo Christopher L. Carter.
(5)	Shares are held by John D. Carter, Trustee of the John D. Carter 2012 Trust fbo Douglas M. Carter.
(6)	Shares are held by John D. Carter, Trustee of the John D. Carter 2012 Trust fbo Courtney Carter Charney.
(7)	Shares are held by 2011 Carter Children's Trust, between John D. Carter and Linda L. Carter as Trustors and John D. Carter as Trustee dated December 14, 2011 fbo Christopher L. Carter.
(8)	Shares are held by 2011 Carter Children's Trust, between John D. Carter and Linda L. Carter as Trustors and John D. Carter as Trustee dated December 14, 2011 fbo Douglas M. Carter.
(9)	Shares are held by 2011 Carter Children's Trust, between John D. Carter and Linda L. Carter as Trustors and John D. Carter as Trustee dated December 14, 2011 fbo Courtney Carter Charney.

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